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Pranav Constructions Limited

MainboardlistedNSE · BSE
07 Sep 2026 – 09 Sep 2026
LISTED
Offer Price
₹118–124
Bid lot
120
Min Application
₹14,880
Issue Size
₹351 Cr

Key dates

Open date
07 Sep 2026
Done
Close date
09 Sep 2026
Done
Basis of allotment
10 Sep 2026
Done
Initiation of refunds
10 Sep 2026
Done
Credit to demat
10 Sep 2026
Done
Listing date
14 Sep 2026
Done

Issue reservation

₹351 Cr
QIB 50%10%5%Retail 35%
QIB
1.42 Cr sh · ₹175.50 Cr
50%
HNI (10L+)
28.3 L sh · ₹35.10 Cr
10%
HNI (2-10L)
14.2 L sh · ₹17.55 Cr
5%
Retail
99.1 L sh · ₹122.85 Cr
35%
Applications required for 1× subscription
Retail (≤₹2L)
82,560 forms
S-HNI (₹2–10L)
842 forms
B-HNI (>₹10L)
347 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Centrum Broking Limited · Pnb Investment Services Limited

Lot ladder — how much to bid

1 lot = 120 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
120 sh · ₹14,880
Max · 13 lots
1,560 sh · ₹1,93,440
S-HNI · ₹2 L to ₹10 L14–67 lots
Min · 14 lots
1,680 sh · ₹2,08,320
Max · 67 lots
8,040 sh · ₹9,96,960
B-HNI · Above ₹10 L68+ lots
Min · 68 lots
8,160 sh · ₹10,11,840
Entry point
₹10,11,840 onward

Issue details

Lead managersCentrum Broking Limited, Pnb Investment Services Limited
Fresh issue2,54,83,871 sh · ₹316 Cr
Offer for sale28,22,581 sh · ₹35 Cr
Face value₹10
Listing onNSE · BSE
RegistrarKfin Technologies Ltd.
Grey-market sentiment
Premium / share
+₹44
Est. listing price₹168
Est. listing gain+35.5%

⚠ Grey-market premium is unofficial, unregulated and not investment advice. 7-day trend shown.

Financials

Particulars

FY26

FY25

FY24

Assets

1,799.19

1,246.29

966.8

Total Income

763.93

638.24

449.75

PAT

71.32

62.25

39.62

Net Worth

246.7

175.59

88.37

Reserves & Surplus

159.52

88.41

84.7

Total Borrowings

258.44

196.5

99.34

Objects of the issue
  • Redevelopment Expenses: ₹145.72 Cr — Approvals, FSI, accommodation & compensation.

  • Debt Repayment: ₹91.50 Cr — Repayment/prepayment of borrowings.

About the company

Incorporated in July 2003, Pranav Constructions Limited is a real estate company focused primarily on redevelopment projects in the MCGM Region, with a strong presence in Mumbai’s Western Suburbs. Originally incorporated as Pranav Constructions Private Limited, the Company was converted into a public limited company in July 2024.

The Company specializes in pure-play residential redevelopment across Economical, Mid and Mass, and Aspirational housing segments. As of March 31, 2026, its portfolio comprised 65 projects, including 28 completed, 20 under construction and 17 upcoming projects, with a combined Total Developable Area of approximately 5.01 million sq. ft.

Pranav Constructions follows an integrated redevelopment model with in-house capabilities covering tendering, pre-construction, construction and post-construction activities. Since 2012, the Company has focused on redevelopment projects through agreements with co-operative housing societies, primarily in Mumbai’s Western Suburbs.

As of March 31, 2026, the Company had 198 permanent employees across construction, sales, architecture, legal, finance, administration and other functions.

Company strengths

  • Consistent financial performance with a capital-efficient business model and high entry barriers.

  • Established, customer-focused brand with strong stakeholder relationships.

  • Strong project execution capabilities backed by in-house expertise.

  • Experienced promoters and professional management with sound governance practices.

  • Strong presence in Mumbai’s Western Suburbs, supported by a growing project pipeline.

Promoters

Pranav Kiran AsharRavi Ramalingam

Registered office & contact

Pranav Constructions Limited.

Address - Unit No. 1001, 10th Floor, DLH Park

Near MTNL, S.V. Road

Goregaon (West)

Mumbai, Maharashtra, 400104

📞 +91 22 6276 9939

✉️ compliance.officer@pranavconstructions.com

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Pranav Constructions Limited IPO?

One lot of 120 shares — ₹14,880 at the upper price band of ₹124.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-14 on NSE / BSE.

₹118–124
Applications are closed.