Pranav Constructions IPO Day 2: Issue subscribed 18 times, GMP signals 34% listing gain. Should you subscribe?

Pranav Constructions IPO saw strong subscription rates by its second day. The public issue is valued at Rs 351.03 crore, with a price band of Rs 118-Rs 124. Grey market premium indicates a potential listing gain of around 34 percent. Funds will be used for redevelopment expenses and debt repayment. The IPO closes on September 9, 2026, with listing expected September 15.

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