Pranav Constructions IPO Day 3: Subscribed 112.62x so far
QIB portion subscribed 234.87 times, while the non-institutional investors’ portion was subscribed 202.65 times
Pranav Constructions' initial public offering (IPO) experienced an overwhelming demand, with the shares being subscribed 112.62 times as of the closing day of bidding. Qualified institutional buyers (QIBs) accounted for the largest portion of the subscription at 234.87 times, while non-institutional investors (NIIs) received 202.65 times subscription. The retail investors contributed a smaller portion, with a subscription rate of 39.47 times.
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- Pranav Constructions IPO Day 1: Subscribed 4.55x, NIIs lead demand thehindubusinessline.com
