Pranav Constructions IPO received an overwhelming response from investors on Day 3, who placed bids for 2,71,80,43,800 shares against 2,24,63,137 shares on offer, leading to an oversubscription of 121 times by the end of the final day of subscription, according to NSE data.
The issue continues to command a premium in the grey market, with the GMP rising to 35% from 34% earlier, signalling positive market sentiment and raising expectations of a potentially strong listing gain.
