SENSEX 75,593.40
NIFTY 23,642.25
CRUDEOIL 8,906.00
+ 146.00
GOLD 152,943.00
Pranav Constructions IPO Day 2: Sees nearly 16x demand so far
Pranav Constructions’ ₹351-crore IPO has fetched 15.50 times subscription at 3.21 pm on the second day of bidding, with strong demand from non-institutional investors.
TL;DRAI
Pranav Constructions' ₹351-crore IPO hit 15.50x subscription, driven by non-institutional (35.09x) and retail (14.10x) investors versus qualified institutions (0.93x). The institutional-retail divergence signals valuation compression and demand volatility in real estate, reshaping capital deployment decisions for investment firms.
263 words~1 min read
