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The Economic Times

Business

Ritesh Presswala

Pranav Constructions shares make strong D-Street debut, list at 33% premium over IPO price

Pranav Constructions GMP IPO

Shares of Pranav Constructions made their D-Street debut on Tuesday, listing at a premium of up to 33%. The stock opened at Rs 165 apiece on the NSE, up 33.06% from the issue price of Rs 124. On the BSE, shares of the company debuted at Rs 162, marking a 30.65% premium over the IPO price.

The listing was broadly in line with unlisted market expectations, which had suggested a debut premium of up to 42% ahead of the debut.

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