{
  "id": 6126098,
  "title": "Pranav Constructions IPO Day 1: Subscribed 4.55x, NIIs lead demand",
  "url": "https://urgent.news/2026/09/07/pranav-constructions-ipo-day-1-subscribed-4-55x-niis-lead-demand",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T10:32:58.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/pranav-constructions-ipo-subscribed-455-times-so-far-on-day-1-niis-lead-demand/article71438177.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "Pranav Constructions' ₹351-crore IPO witnessed a strong subscription of 4.55 times on its first day of bidding, with non-institutional investors leading the demand. Non-institutional investors subscribed the issue 7.66 times, retail investors 4.94 times, and qualified institutional buyers 0.51 times. The company had already raised ₹84.24 crore from anchor investors prior to the IPO, allocating 67.94 lakh equity shares at ₹124 each. The price band for the IPO was set between ₹118-124 per share, with the issue opening for subscription on September 7 and closing on September 9.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "All you need to know about Pranav Constructions IPO",
        "url": "https://urgent.news/2026/09/07/all-you-need-to-know-about-pranav-constructions-ipo",
        "published": "2026-09-07T02:35:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}