Annu Projects IPO Day 3 Subscription Status: 0.53x Subscribed; GMP at ₹4
Annu Projects’ IPO was subscribed 0.53 times overall on Day 3 as of early afternoon (12:00 noon to 2:00 p.m. IST) on 27 August 2026. Retail investors led at 0.62 times, followed by Qualified Institutional Buyers (QIBs) at 0.58 times. The latest broadly supported Grey Market Premium (GMP) reading is ₹4, although trackers differ. The ₹175.06 crore IPO remains open until 28 August 2026.
| Metric | Latest update |
| Bidding day | Day 3 |
| Data status | Early afternoon on 27 August 2026 |
| Overall subscription | 0.53x |
| QIB subscription | 0.58x |
| NII subscription | 0.41x |
| Retail subscription | 0.62x |
| Other reserved category | Not separately reported |
| Current GMP | ₹4 |
| GMP percentage | 4.0% |
| Indicative price | ₹103 |
| Closing date | 28 August 2026 |
Annu Projects IPO Day 3 Subscription Status
The Annu Projects IPO has received bids equivalent to 0.53 times the shares available in the public issue as of early afternoon on 27 August 2026. Retail Individual Investors (RIIs) currently have the highest subscription multiple at 0.62x.
| Investor category | Day 3 latest | Day 2 close | Change |
| Qualified Institutional Buyers (QIBs) | 0.58x | 0.58x | 0.00x |
| Non-Institutional Investors (NIIs) | 0.41x | 0.39x | +0.02x |
| Retail Individual Investors (RIIs) | 0.62x | 0.51x | +0.11x |
| Overall | 0.53x | 0.47x | +0.06x |
Retail bidding has contributed most of the incremental demand so far on Day 3. NII participation has edged higher, while the QIB subscription multiple remains unchanged from the Day 2 close.
Subscription multiples represent bid quantity relative to the shares reserved for each investor category. They do not show the number of unique applicants, and differences in category allocation should be considered when comparing multiples.
How Subscription Changed From Day 2
Annu Projects closed Day 2 at 0.47x overall subscription, with QIBs at 0.58x, retail investors at 0.51x, and NIIs at 0.39x.
By early afternoon on Day 3, overall demand had risen by 0.06 times to 0.53x. Retail subscription increased by 0.11 times to 0.62x, making it the main driver of the change. NII subscription rose marginally by 0.02x, while QIB demand stayed at 0.58x.
The bidding response has therefore broadened slightly, but the issue remains below full subscription overall. Institutional bidding can build later in an IPO, but the current numbers do not indicate whether additional QIB demand will emerge before the issue closes.
Annu Projects IPO GMP Today and Estimated Listing Price
The latest broadly supported Annu Projects IPO GMP reading on 27 August 2026 is ₹4 per share. This is unchanged from the ₹4 reading available previously.
At the upper price band of ₹99:
Indicative price = ₹99 + ₹4 = ₹103 per share
GMP percentage = ₹4 ÷ ₹99 × 100 = about 4.0%
Grey-market trackers are not fully aligned. While multiple trackers indicate a premium around ₹4, other readings have ranged from about ₹5 to ₹6. These figures should not be averaged because the grey market is informal and different trackers may receive dealer indications from different participants.
GMP is unofficial, unregulated, and not published by SEBI, BSE, or NSE. The ₹103 figure is only an indicative calculation and does not guarantee the actual listing price or a listing gain.
What Stands Out in Today’s Bidding
The most visible Day 3 signal is the continued rise in retail participation. Retail subscription has moved from 0.51x at the Day 2 close to 0.62x, while the overall multiple has risen from 0.47x to 0.53x.
The second point is that QIB demand has remained flat at 0.58x despite the increase in the overall book. This means the latest improvement is being driven mainly by retail bidding rather than a fresh institutional push.
There are also limitations. Day 3 is still an interim bidding day for this IPO because the issue closes on 28 August 2026. Subscription can therefore change materially before the book closes. In addition, neither subscription demand nor a positive GMP establishes fair valuation, business quality, or future share-price performance.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹94 to ₹99 per share |
| Lot size | 151 shares |
| Minimum retail investment | ₹14,949 at ₹99 |
| Issue size | ₹175.06 crore |
| Fresh issue | ₹175.06 crore |
| Offer for Sale (OFS) | Nil |
| Issue type | Mainboard book-built issue |
| Closing date | 28 August 2026 |
| Expected listing date | 2 September 2026 |
| Exchange | BSE and NSE |
The offer consists entirely of fresh equity shares, with no Offer for Sale (OFS) component.
Brief Company and Financial Context
Annu Projects is an engineering, procurement, and construction company working across sewerage infrastructure, telecom infrastructure, gas pipelines, and railway signalling. Sewerage infrastructure was its largest business segment in FY2026, followed by telecom infrastructure.
Revenue from operations increased to ₹241.25 crore in FY2026 from ₹180.06 crore in FY2025, while profit after tax rose to ₹33.03 crore from ₹21.10 crore. The company plans to use about ₹115 crore of IPO proceeds for working capital and ₹15.41 crore for machinery and equipment. A key consideration is its working-capital intensity, including relatively high trade receivables.
What Happens Next
Annu Projects IPO bidding continues through 28 August 2026, which is the closing day. Investors can monitor whether overall demand moves above full subscription, whether QIB participation increases, whether retail and NII bidding accelerates, and whether the unofficial GMP remains near current levels.
The final subscription picture should be assessed only after bidding closes and exchange figures stabilise.
Frequently Asked Questions (FAQs)
Q: How many times is the Annu Projects IPO subscribed on Day 3?
A: The Annu Projects IPO is subscribed 0.53 times overall as of early afternoon on 27 August 2026. Retail investors lead at 0.62x, followed by QIBs at 0.58x and NIIs at 0.41x.
Q: How did Annu Projects IPO subscription change from Day 2 to Day 3?
A: Overall subscription increased from 0.47x at the Day 2 close to 0.53x in the latest Day 3 data. Retail demand recorded the largest increase, rising from 0.51x to 0.62x.
Q: What is the Annu Projects IPO GMP today?
A: The latest broadly supported GMP reading used here is ₹4 per share on 27 August 2026. Other trackers have indicated roughly ₹5 to ₹6, showing that grey-market quotations are not fully consistent.
Q: What listing price does the current Annu Projects IPO GMP indicate?
A: A ₹4 GMP added to the ₹99 upper price band gives an indicative price of ₹103 per share, about 4.0% above the upper band. This is an unofficial calculation and does not guarantee the actual listing price.
Q: Does higher IPO subscription guarantee a premium listing?
A: No. Subscription measures bid demand relative to shares available, while listing performance can depend on valuation, company fundamentals, wider market conditions, and investor sentiment. High subscription or a positive GMP does not guarantee a premium listing.
Disclaimer
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