4 days ago
Pranav Constructions IPO Allotment Today, GMP Signals 32% Listing Gain
Pranav Constructions offered shares to investors through an IPO.
The company is expected to finalise which applicants receive shares on 10 September.
Investors can check their allotment online using their PAN, demat account, or application number.
The grey market premium is ₹40, which suggests that the shares could list at about ₹164.
This would be 32.26% higher than the IPO price of ₹124.
However, the grey market estimate is not a guarantee of the actual listing price.
People who do not receive shares are scheduled to get refunds on 11 September.
Successful applicants are scheduled to receive the shares in their demat accounts on the same day, with trading expected to begin on 15 September.
Pranav Constructions IPO allotment is scheduled to be finalised on Thursday, 10 September.
The grey market premium is reported at ₹40, implying an estimated listing price of ₹164 per share.
The implied listing price is 32.26% above the IPO price of ₹124 per share.
The IPO was subscribed 121 times on its final bidding day, according to NSE data.
Refunds and demat credits are scheduled for Friday, 11 September, with listing planned for Tuesday, 15 September.
- Who
- Pranav Constructions and investors who applied for its IPO.
- What
- The IPO allotment is being finalised, with the grey market indicating a possible 32.26% listing gain.
- Where
- Allotment status can be checked through the Kfin Technologies Ltd registrar portal, BSE, or NSE websites.
- When
- Allotment is scheduled for Thursday, 10 September; refunds and demat credits for Friday, 11 September; listing for Tuesday, 15 September.
- Why
- To determine which applicants receive shares and communicate the expected listing outlook based on grey market activity.
Key facts
- Allotment date
- Thursday, 10 September
- IPO price
- ₹124 per share
- Grey market premium
- ₹40
- Estimated listing price
- ₹164 per share
- Implied gain
- 32.26% above the IPO price
- Final subscription
- 121 times, according to NSE data
- Refund and demat credit date
- Friday, 11 September
- Expected listing date
- Tuesday, 15 September
Sources
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