Summary:
Annu Projects IPO remained subdued on Day 2, with the issue subscribed 0.46 times overall as of August 26, 2026. QIBs led demand at 0.58 times, followed by retail investors at 0.49 times and NIIs at 0.39 times. The ₹175.06 crore IPO received bids for 81.09 lakh shares against 1.77 crore shares on offer. With two days of bidding remaining, investor participation will need to increase significantly before the August 28 closing date.
Annu Projects, the EPC company focused on telecom, sewerage, and gas pipeline infrastructure, saw subdued demand on Day 2 of its ₹175.06 crore mainboard IPO. As of the update on August 26, 2026, the issue stood at just 0.46 times overall.
IPO Details
| Detail | Information |
| Issue Size | ₹175.06 crore (entirely fresh issue, 1.77 crore shares) |
| Price Band | ₹94–₹99 per share |
| Lot Size | 151 shares |
| Minimum Investment (Retail) | ₹14,949 |
| Face Value | ₹10 per share |
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Registrar | KFin Technologies Ltd |
| Book-Running Lead Manager | Mefcom Capital Markets Ltd |
Category-wise Breakdown on Day 2
| Category | Shares Offered/Reserved | Shares Bid For | Subscription (x) |
| Qualified Institutional Buyers (QIBs) | 17,68,300 | 10,20,307 | 0.58 |
| Non Institutional Investors | 70,73,200 | 27,31,288 | 0.39 |
| — NII (bids above ₹10 lakh) | 47,15,467 | 15,62,397 | 0.33 |
| — NII (bids ₹2–10 lakh) | 23,57,733 | 11,68,891 | 0.50 |
| Retail Individual Investors (RIIs) | 88,41,500 | 43,57,256 | 0.49 |
| Total | 1,76,83,000 | 81,08,851 | 0.46 |
Data as of 26-Aug-2026, 4:09 PM IST, sourced from NSE Consolidated Bid Details (nseindia.com).
Annu Projects IPO - Day 2 Subscription Status
As of the update on August 26, 2026, the issue received bids for 81,08,851 shares against 1,76,83,000 shares on offer, taking overall subscription to 0.46 times. Qualified Institutional Buyers led the modest demand at 0.58 times, followed by Retail Individual Investors at 0.49 times, while Non-Institutional Investors trailed at 0.39 times.
What Day 2 Numbers Indicate
Subscription staying well below the 1x mark across all categories on Day 2 points to muted investor interest so far, with QIBs — typically the last category to build meaningful demand — actually leading at this stage, which is somewhat unusual. Within the NII category, the ₹2–10 lakh bracket (0.50x) is running ahead of the above-₹10-lakh bracket (0.33x), suggesting smaller HNIs are showing relatively more interest than larger applicants, though both remain subdued. With two more days of bidding left until the issue closes on August 28, subscription will need to build meaningfully across all categories, particularly from NIIs and QIBs, whose demand typically surges in the closing session of mainboard issues.
Annu Projects IPO - Timetable
| Event | Date |
| IPO Open Date | August 25, 2026 |
| IPO Close Date | August 28, 2026 |
| Allotment Finalisation | August 31, 2026 |
| Refund Initiation | August 31, 2026 |
| Demat Credit | September 1, 2026 |
| Listing Date | September 2, 2026 |
| Listing Exchanges | BSE, NSE |
Should You Apply for Annu Projects IPO?
Annu Projects is an engineering, procurement, and construction (EPC) company focused on overhead and underground utilities infrastructure, with operations spanning telecom infrastructure, sewerage infrastructure, and gas pipeline projects. The company generates revenue primarily under EPC and O&M fixed-rate contracts, having delivered ₹1,180.71 crore of contract revenue across 50 contracts as of March 2026. Revenue grew from ₹182.35 crore in FY25 to ₹244.59 crore in FY26, with profit rising from ₹21.10 crore to ₹33.03 crore over the same period.
Investors considering the issue should weigh the company's revenue and profit growth, and its position across multiple utility infrastructure verticals, against sector-specific risks such as project execution risk, dependence on government and infrastructure spending cycles, and working-capital intensity typical of EPC businesses. As with any IPO, the decision should be based on individual risk appetite, investment horizon, and a review of the RHP rather than subscription numbers alone.
How to Apply for Annu Projects IPO
Investors can apply for the Annu Projects IPO through ASBA via their bank's net banking portal, via UPI-based ASBA through their stock broker's trading app, or offline by submitting a physical ASBA form through their broker. The minimum lot size is 151 shares, requiring a minimum investment of approximately ₹14,949 at the upper price band.
How to Check Annu Projects IPO Subscription Status
How to check Annu Projects IPO Subscription Status on NSE website
- Visit the NSE IPO issue information page (nseindia.com).
- Search for "Annu Projects" or enter the relevant symbol.
- Select "Consolidated Bid Details" from the dropdown to view category-wise subscription data.
- The page refreshes periodically to show live bidding figures during market hours.
How to check Annu Projects IPO Subscription Status on BSE website
- Visit the BSE IPO page (bseindia.com).
- Navigate to the "Active IPO" or "IPO Bidding" section.
- Select "Annu Projects Limited" from the list of active issues.
- View category-wise and overall subscription figures, updated through the bidding window.
How to check Annu Projects IPO Subscription Status on Ventura?
Ventura clients can track real-time subscription status for the Annu Projects IPO directly within the IPO section of the Ventura app or web platform, alongside category-wise bid data and allotment updates — without needing to switch between exchange websites.
IPO Subscription History
Previous Day Subscription
Day 1 figures were not yet available in the data pulled for this update; overall demand remained muted through the early sessions before this Day 2 reading.
Conclusion
Annu Projects' IPO continues to see subdued demand heading into its third day, with overall subscription at just 0.46 times as of the Day 2 update. With two more days of bidding left until the issue closes on August 28, subscription numbers will need to build meaningfully across all categories for the issue to see healthy oversubscription by close.
