Pranav Constructions IPO Day 2: GMP signals 34% listing gain. Should you subscribe?

Pranav Constructions IPO entered Day 2 with strong demand after the Rs 351.03 crore issue was subscribed 5.70 times on Day 1. The NII portion saw the highest interest at 10.61 times, while the retail quota was subscribed 5.77 times. The IPO’s GMP stands at Rs 43, indicating a 34% premium over the upper price band of Rs 124.