Pranav Constructions IPO Opens For Subscription, GMP Signals Premium

Pranav Constructions launched its book-built IPO worth Rs 351.03 crore for subscription. The issue is drawing attention from retail and institutional investors ahead of its opening day. Grey market premium trends suggest the stock may list at a premium over the issue price. Investors are closely tracking subscription numbers and allotment status as bidding progresses. Market analysts note that GMP serves as an unofficial indicator of listing-day expectations.