PC
Pranav Constructions Limited IPO
Real Estate Development · Redevelopment Projects · Residential Segments · MCGM Region
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹124
Upper Price
₹351.03 Cr
Issue Size
Sep 15, 2026
Listing Date
₹1,081.00 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Monday, 7 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 9 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Thursday, 10 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Friday, 11 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Tuesday, 15 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date7 September 2026 (Mon)
IPO Close Date9 September 2026 (Wed)
Listing Date15 September 2026 (Tue)
Face Value₹10 per share
Price Band₹118 to ₹124
Issue Price (Upper Band)₹124 per share
Issue TypeBook Build — Fresh + OFS
Lot Size120 shares
Total Issue Size2,83,08,481 shares (₹351.03 Cr)
Fresh Issue2,54,51,612 shares (₹315.60 Cr)
Offer for Sale (OFS)28,56,869 shares (₹35.43 Cr)
Pre-Issue Shares8,71,71,170
Post-Issue Shares11,26,22,782
Promoter Holding (Pre)63.35%
Market Cap (Pre-IPO)₹1,081.00 Cr
Listing ExchangeNSE, BSE
Lead ManagerCentrum Capital, PNB Investment Services
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹124| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 120 | ₹14,880 |
| Retail — Maximum | 13 | 1,560 | ₹1,93,440 |
| S-HNI (sNII) — Min | 14 | 1,680 | ₹2,08,320 |
| S-HNI (sNII) — Max | 67 | 8,040 | ₹9,96,960 |
| B-HNI (bNII) — Min | 68 | 8,160 | ₹10,11,840 |
⚠️ Note: Investors can bid for a minimum of 120 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net OfferNot less than 40%
QIB Portion
Not more than 45%
Retail Portion
Not more than 15%
NII Portion
📊 Subscription Status
Loading…
📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 1,799.19 | 1,246.29 | 966.80 |
| Total Income | 763.93 | 638.24 | 449.75 |
| PAT | 71.32 | 62.25 | 39.62 |
| EBITDA | 130.83 | 98.54 | 59.73 |
| Net Worth | 246.70 | 175.59 | 88.37 |
| Reserves & Surplus | 159.52 | 88.41 | 84.70 |
| Total Borrowing | 258.44 | 196.50 | 99.34 |
Income Growth
FY 2023–24₹449.75 Cr
FY 2024–25₹638.24 Cr
FY 2025–26₹763.93 Cr
🎯 Key Performance Indicators
33.78%
ROE
FY 2025–26
1.08
Debt/Equity
FY 2025–26
24.34%
ROCE
FY 2025–26
9.37%
PAT Margin
FY 2025–26
17.18%
EBITDA Margin
FY 2025–26
33.78%
RoNW
FY 2025–26
4.38x
Price/Book
FY 2025–26
28.30
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹8.18
FY26 earnings + pre-issue shares
P/E: 15.16xPost-IPO EPS
₹6.33
FY26 earnings + post-issue shares
P/E: 19.59xPrice to Book Value
4.38x
At upper price band ₹124
Market Cap (Pre-IPO)
₹1,081.00 Cr
At issue price ₹124
ℹ️
Pre-IPO EPS (₹8.18) based on pre-issue shares (8,71,71,170) and FY26 earnings. Post-IPO EPS (₹6.33) accounts for the dilution resulting from the issuance of 2,54,51,612 fresh equity shares extending the total post-issue equity to 11,26,22,782 shares. Post-IPO Market Cap expands to ₹1,396.52 Cr at the issue price of ₹124.
🎯 Objects of the Issue
Net proceeds utilisation1
Funding costs towards obtaining government and statutory approvals, additional FSI, compensation to members towards alternate accommodation, and hardship compensation in relation to development of Under-construction and Upcoming Projects
₹145.72 Cr
2
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
₹91.50 Cr
3
Funding acquisition of future redevelopment projects and general corporate purposes
Balance
Total Fresh Issue Goal
₹315.60 Cr
🏢 About Pranav Constructions Ltd.
Est. 2003 · Mumbai, Maharashtra · Real Estate RedevelopmentPranav Constructions Limited, incorporated in July 2003, is a specialized real estate developer primarily engaged in high-value redevelopment projects strictly within the Municipal Corporation of Greater Mumbai (MCGM) region, with a deeply entrenched strategic footprint across Mumbai’s Western Suburbs.
The business maintains a pure-play redevelopment operational model, negotiating integrated redevelopment agreements with cooperative housing societies. This specialized execution mechanism minimizes front-loaded land acquisition capital, thereby enforcing a capital-efficient scaling approach. As of March 2026, the company manages an expansive portfolio comprising 65 exclusive redevelopment projects (28 completed, 20 under construction, and 17 upcoming) spanning across Economical, Mid, Mass, and Aspirational residential segments, cumulating to 5.01 million square feet of Total Developable Area supported by an active internal workforce of 198 permanent employees.
Brand Ecosystem
🏢
Pure-Play Redevelopment
Specialized focus exclusively on rebuilding co-operative housing societies without heavy land purchasing
📍
MCGM Region Focus
Deeply entrenched strategic positioning operating 65 projects entirely within Mumbai’s Western Suburbs
⚙️
Integrated Execution
In-house capabilities managing tendering, architecture, construction, and post-construction processes
🏗️
Massive Scale
Managing over 5.01 million square feet of Total Developable Area across multiple residential sectors
Competitive Strengths
🏆Among the leading real estate brands in Mumbai’s Western Suburbs with a strong, highly visible project pipeline
💰Asset-light, capital-efficient business model minimizing land banking to deliver high barriers to entry
⚙️Demonstrated project execution capabilities fully supported by cross-functional, in-house technical expertise
📈Consistent operational momentum translating to strong financial matrices, highlighted by a 33.78% ROE in FY26
Company Promoters
PA
Pranav Kiran Ashar & Ravi Ramalingam
Promoters, Pranav Constructions Ltd.
📅 Key Dates
IPO Opens07 Sep 2026
IPO Closes09 Sep 2026
Allotment10 Sep 2026
Refund & Share Credit11 Sep 2026
Listing Day15 Sep 2026
💡 Quick Summary
Price Band₹118 – ₹124
Upper Price₹124 / share
Lot Size120 shares
Min. Investment (Retail)₹14,880
Issue Size₹351.03 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Centrum Capital Ltd., PNB Investment Services Ltd.
📍 Registered Address
Pranav Constructions Ltd.
Unit No. 1001, 10th Floor, DLH Park,
Near MTNL, S.V. Road, Goregaon (West),
Mumbai, Maharashtra — 400104
📞 +91 22 6276 9939
[email protected]
Unit No. 1001, 10th Floor, DLH Park,
Near MTNL, S.V. Road, Goregaon (West),
Mumbai, Maharashtra — 400104
📞 +91 22 6276 9939
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This overview is generated based on publicly available information and structured according to the IPO NEW FORMAT. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
Track Pranav Constructions IPO 2026: Date, Price Band ₹118–₹124, GMP, Allotment & Listing GMP
Check real-time grey market premium, daily GMP history & estimated listing price.
Check GMP →