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Annu Projects IPO Day 4: Subscription status, GMP at 7%. Should you subscribe?
Economic Times 2d ago·28 Aug 2026, 4:19 am
Annu Projects' initial public offering (IPO) is in its final closing day on August 28. The issue, which raised Rs 175.06 crore through fresh shares, has received a subscription of 88% so far. The grey market premium (GMP) is currently at 7%, which is an indicator of the listing gains expected on the stock's debut.
For investors, the subscription level suggests the IPO has garnered decent interest, though it is not fully subscribed. The 7% GMP implies that the shares could list at a premium to the issue price. However, grey market premiums can be volatile and are not a guarantee of listing gains.
Investors should watch the final subscription figures and the GMP trend in the coming days. The listing will take place on September 2. It is important to assess the company's fundamentals and valuation before making an investment decision.
Key takeaways
- Category: IPO.
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