Annu Projects IPO Day 2: Dive into GMP, Subscription Status, and Essential Insights to Guide Your Investment Decision!

The Annu Projects IPO, valued at Rs 175.06 crore, is witnessing its second day of bidding as of August 26. The price band has been set between Rs 94 and Rs 99 per share, with a minimum bid size of 151 shares, amounting to Rs 14,949 at the upper end. The IPO consists entirely of fresh shares without any offer-for-sale component and is expected to remain open until August 28, 2026. Share allotment is anticipated on August 31, with a tentative listing date on both the NSE and BSE scheduled for September 2, 2026.

On Day 1, the IPO saw an overall subscription of 34%, indicating moderate interest from investors, especially in the non-institutional and qualified institutional categories, which were subscribed 36% and 57%, respectively. However, the grey market premium currently stands at zero, reflecting a potentially flat listing based on prevailing sentiment. Notably, the retail portion was subscribed only 28%, with significant interest yet to materialize ahead of the final bidding day.

This IPO provides Indian retail investors an opportunity to participate in a company that engages in engineering, procurement, and construction (EPC) across vital infrastructure sectors. Given the company’s strong financial performance, including a 34% year-on-year increase in income and a 56% rise in profit after tax for FY26, Annu Projects could represent a stable investment option. Nonetheless, the current grey market sentiment and the fully priced valuation may cause caution among investors.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)