Pranav Constructions IPO allotment likely today: GMP signals 32% listing gain. Here's how to check status

Pranav Constructions, a company looking to raise Rs 351.03 crore through its initial public offer (IPO), has seen its allotment process get a significant boost due to massive oversubscription. The IPO was oversubscribed 121 times, indicating high demand for its shares. The allotment is expected to be finalised on September 11, with the stock slated to list on both the BSE and NSE on September 15, 2026. This development is seen as a positive sign for the company's future prospects. The massive oversubscription has also sent a clear signal to investors that the company's shares are expected to perform well in the market, potentially leading to a 32% listing gain. As the allotment process is expected to conclude soon, investors are eagerly awaiting the share allocation update. Investors are advised to check the status of their allotment on the allotted date to ensure they receive their shares.