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Pranav Constructions IPO allotment to be finalized on 10 September
The IPO’s grey market premium stood at +40, pointing to an estimated listing price of ₹164, about 32.3% above the ₹124 issue price.
Pranav Constructions’ IPO share allotment is set to be finalized on Thursday, 10 September, with investors able to check their allotment status through the registrar portal operated by Kfin Technologies Ltd, according to LiveMint Markets.
The report said the IPO’s grey market premium is +40, which implies an estimated listing price of ₹164 per share versus the ₹124 IPO price, a gain of 32.26%. It also noted that over the past 10 trading sessions, the GMP ranged between ₹23 and ₹44 and was trending upward on the day of the update, based on expert analysis.
Applicants can review whether they received shares and the number allocated via the allotment status page, using details such as PAN, Demat account number, or application number.
Refunds for applicants who did not receive shares are expected to begin on Friday, 11 September, while shares allotted to successful applicants would be credited to their demat accounts the same day. The IPO is scheduled to list on Tuesday, 15 September, after its subscription on the last bidding day reached 121 times, the outlet reported based on NSE data.