IPO Issue Details
Issue Price / Price Band₹124 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size120 Shares per Lot
Total Issue Size2,83,08,481 shares (agg. up to ₹351 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 07 Sep 2026
Subscription CloseWed, 09 Sep 2026
Anchor AllotmentFri, 04 Sep 2026
Basis of AllotmentThu, 10 Sep 2026
Initiation of RefundsFri, 11 Sep 2026
Credit of Shares to DematFri, 11 Sep 2026
Listing DateTue, 15 Sep 2026
UPI Mandate Deadline5:00 PM on 09 Sep 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,880 — 120 shares
Retail — Max (13 Lots)₹193,440 (13 Lots)
HNI — Min (3 Lots)₹44,640 — 360 shares
EPS (Pre-IPO)₹8.18
EPS (Post-IPO)₹6.33
P/E Ratio (Pre-IPO)15.16x
P/E Ratio (Post-IPO)19.59x
Pre-IPO Promoter Holding8,71,71,170 shares
Post-IPO Promoter Holding11,26,22,782 shares
Fresh Issue Shares2,54,51,612 shares (agg. up to ₹316 Cr)
Offer for Sale Shares28,56,869 shares of ₹10 (agg. up to ₹35 Cr)
About Pranav Constructions Ltd
Incorporated in July 2003, Pranav Constructions Limited is a real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) Region, with a predominant focus on the Western Suburbs. The Company was originally incorporated as Pranav Constructions Private Limited and was converted into a public limited company in July 2024.The Company specializes in pure-play redevelopment and undertakes redevelopment projects across residential segments, including Economical, Mid and Mass, and Aspirational homes. As of March 31, 2026, its portfolio comprised 65 redevelopment projects across the MCGM Region, including 28 completed projects, 20 under-construction projects and 17 upcoming projects, with a combined Total Developable Area of approximately 5.01 million square feet.The Company follows an integrated redevelopment model with in-house capabilities across various stages of project execution, including tendering, pre-construction, construction and post-construction activities. Its business model involves entering into redevelopment agreements with co-operative housing societies, supporting a capital-efficient approach to project development.Pranav Constructions has been undertaking redevelopment projects since 2012 and has established a presence in Mumbai's Western Suburbs.As of March 31, 2026, the Company had 198 permanent employees, including whole-time directors, across functions such as construction management, sales and customer relationship management, architecture, legal and compliance, finance, administration and human resources.Competitive StrengthsTrack record of consistent financial performance.Capital-efficient business model with high barriers to entry.Established customer-centric brand with strong stakeholder management.Demonstrated project execution capabilities supported by in-house functional expertise.Experienced Promoters and professional senior management with corporate governance practices.Among the leading real estate companies in Mumbai's Western Suburbs with a demonstrated growth and strong project pipeline.
Objects of the Issue
Pranav Constructions Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding costs towards obtaining government and statutory approvals and purchase of additional FSI and cost towards Compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of the Under-construction Redevelopment Projects, and certain of the Upcoming Redevelopment Projects (Funding Redevelopment Expenses
145.72
2
Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
91.50
3
Funding acquisition of future redevelopment projects and general corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
8,71,71,170 shares
Post-IPO Promoter Holding
11,26,22,782 shares
Lock-in Period (30%)Sat, Oct 10, 2026
Lock-in Period (50%)Wed, Dec 9, 2026