The Economic Times

Pranav Constructions IPO opens with GMP signalling 36% upside. Should you subscribe?

Pranav Constructions IPO GMP: Pranav Constructions IPO opens today, September 7. The Rs 351.03 crore issue is attracting strong investor interest; its grey market premium (GMP) stands at Rs 44, indicating a 36% premium over the upper price band of Rs 124. The Mumbai-based real estate developer also raised Rs 84.24 crore from anchor investors before the issue opened.