Annu Projects IPO Day 4 Final Subscription Status: 2.93x Subscribed; GMP at ₹1
The Annu Projects IPO Day 4 final subscription status shows the issue closed at 2.93 times overall on 28 August 2026, with Non-Institutional Investors (NIIs) leading at 3.55 times. Retail demand reached 2.68 times, while Qualified Institutional Buyers (QIBs) subscribed 1.72 times. The latest available Grey Market Premium (GMP) is ₹1, though trackers differ. The ₹175.06 crore IPO is now closed.
| Metric | Final update |
| Bidding day | Day 4, closing day |
| Data status | Final after bidding closed on 28 August 2026 |
| Overall subscription | 2.93x |
| QIB subscription | 1.72x |
| NII subscription | 3.55x |
| bNII subscription | 3.09x |
| sNII subscription | 4.47x |
| Retail subscription | 2.68x |
| Latest GMP | ₹1 |
| GMP percentage | 1.0% |
| Indicative price | ₹100 |
| Closing date | 28 August 2026 |
Annu Projects IPO Day 4 Final Subscription Status
The verified Day 4 final subscription figures show bids for about 5.18 crore shares against 1.77 crore shares available, resulting in an overall subscription of 2.93 times.
| Investor category | Day 4 final subscription |
| Qualified Institutional Buyers (QIBs) | 1.72x |
| Non-Institutional Investors (NIIs) | 3.55x |
| Big NIIs, above ₹10 lakh | 3.09x |
| Small NIIs, below ₹10 lakh | 4.47x |
| Retail Individual Investors (RIIs) | 2.68x |
| Overall | 2.93x |
NIIs recorded the highest major-category multiple at 3.55x, while retail investors subscribed 2.68x. QIB demand also finished above full subscription at 1.72x.
The smaller sNII allocation reached 4.47x, higher than the bNII multiple of 3.09x. Such category multiples should be viewed alongside the number of shares reserved for each segment.
Subscription multiples measure bid quantity relative to shares available, not the number of unique investors.
Final Day-wise Subscription Trend
Demand accelerated substantially on the closing day after the issue remained below full subscription overall through Day 3.
| Bidding stage | Overall subscription | Leading major category |
| Day 1 close | 0.34x | QIB, 0.57x |
| Day 2 close | 0.47x | QIB, 0.58x |
| Day 3 close | 0.88x | QIB, 1.16x |
| Day 4 Final | 2.93x | NII, 3.55x |
The overall multiple increased from 0.88x at the Day 3 close to 2.93x in the Day 4 final subscription, an absolute rise of 2.05 times.
The composition also shifted. QIBs had led the first three days by subscription multiple, but NIIs became the strongest major category in the final numbers. Retail demand also rose sharply from 0.81x on Day 3 to 2.68x at the close.
This means the final demand was broader than the earlier bidding pattern, with all three major investor categories finishing above full subscription.
Annu Projects IPO GMP Today and Estimated Listing Price
The latest available Annu Projects IPO GMP reading is ₹1 per share as of evening (6:30 p.m. to 8:30 p.m. IST) on 28 August 2026.
At the ₹99 upper price band:
Indicative price = ₹99 + ₹1 = ₹100 per share
GMP percentage = ₹1 ÷ ₹99 × 100 = about 1.0%
The GMP has weakened from a previous available reading of ₹7, a decline of ₹6 per share. However, grey-market trackers are not fully aligned. Some continued to quote around ₹7 on 28 August while later readings from other trackers showed ₹1.
Because the Grey Market Premium is unofficial, unregulated, and not published by the Securities and Exchange Board of India (SEBI), NSE, or BSE, conflicting readings should not be averaged. The ₹100 indicative price based on the latest ₹1 reading is not a forecast or guarantee of the listing price.
What Stands Out in Today’s Bidding
The first notable signal is the sharp closing-day acceleration. Overall demand moved from 0.88x after Day 3 to a Day 4 final subscription of 2.93x, with NIIs and retail investors contributing prominently to the increase.
Second, there is a clear subscription-GMP divergence. The IPO finished nearly three times subscribed, but the latest available GMP fell to ₹1 from the earlier ₹7 reading. Subscription measures bidding demand in the official offer, while GMP reflects informal grey-market quotations, so the two can move differently.
Neither signal establishes whether the ₹94 to ₹99 valuation is fair or whether the company offers attractive long-term returns. High subscription also does not guarantee a premium stock-market debut.
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 entire IPO consists of fresh equity shares, meaning there is no Offer for Sale (OFS) by existing shareholders.
Brief Company and Financial Context
Annu Projects is an engineering, procurement, and construction company operating 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 increased to ₹33.03 crore from ₹21.10 crore. The company intends to use about ₹115 crore of fresh proceeds for working capital and ₹15.41 crore for machinery and equipment. Its working-capital intensity and relatively high trade receivables remain material considerations.
What Happens Next
With the Day 4 final subscription complete, the focus shifts to allotment and listing. The basis of allotment is expected on 31 August 2026, followed by share credit ahead of the scheduled 2 September 2026 listing on BSE and NSE.
Frequently Asked Questions (FAQs)
Q: What is the Annu Projects IPO Day 4 final subscription?
A: The Annu Projects IPO Day 4 final subscription is 2.93 times overall after bidding closed on 28 August 2026. NIIs were subscribed 3.55x, retail investors 2.68x, and QIBs 1.72x.
Q: Which category had the highest Annu Projects IPO final subscription?
A: Among the three major categories, NIIs recorded the highest final subscription at 3.55x. Within the NII allocation, the smaller NII segment was subscribed 4.47x, while the big NII segment reached 3.09x.
Q: What is the Annu Projects IPO GMP today?
A: The latest available GMP reading used here is ₹1 per share on 28 August 2026, down from a previous ₹7 reading. Other trackers continued to report higher figures, so the grey-market data remains inconsistent and should be treated cautiously.
Q: What listing price does the latest Annu Projects IPO GMP indicate?
A: A ₹1 GMP added to the ₹99 upper price band gives an indicative price of ₹100 per share, or about 1.0% above the upper price band. GMP is unofficial and does not guarantee the actual listing price.
Q: Does the 2.93x Day 4 final subscription guarantee a premium listing?
A: No. A 2.93x subscription shows that bids exceeded the shares available, but it does not guarantee listing gains. Listing performance can also depend on valuation, company fundamentals, market conditions, and investor sentiment. The latest GMP also provides no guarantee of returns.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
