Pranav Constructions Limited - IPO

Incorporated in 2003, Pranav Constructions Limited is an Indian construction company specializing in residential, commercial, and infrastructure development projects.

Key Services:

• Residential Projects: Develop affordable housing, premium apartments, and gated communities.
• Commercial Projects: Builds office spaces, retail centers, and mixed-use developments.
• Infrastructure Development: Engaged in road construction, bridges, water supply projects, and other public infrastructure works.
• Redevelopment Expertise: The company has in-house capabilities to manage the entire redevelopment process, including:
1. Tendering Stage – Bidding for projects.
2. Pre-Construction Stage – Planning and approvals.
3. Construction Stage – Project execution.
4. Post-Construction Stage – Final handover and management.

Market Position & Projects:

• Leader in MCGM Redevelopment Projects in Mumbai's Western Suburbs (based on units supplied and projects completed/under construction).
• Completed Redevelopment Projects: 26 projects with a total developable area of 1.25 million sq. ft. Some notable projects include:
• Gold Coin CHSL, Gala Apartments CHSL, Ramesh Mandir CHSL, New Shalimar Apartments CHSL, Malad Marudhar CHSL, and Tiara CHSL in Malad.
• Popular Terrace CHSL in Borivali.
• Under-Construction Redevelopment Projects: 11 projects with 1.07 million sq. ft. of total developable area.
• Upcoming Redevelopment Projects: 21 projects with 1.87 million sq. ft. of total developable area.

Growth & Expansion:

• Between March 31, 2012, and March 31, 2021, the company procured 27 redevelopment projects with a total developable area of 1.86 million sq. ft.
• From April 1, 2021, to December 31, 2024, it secured 31 redevelopment projects covering 2.33 million sq. ft.
• The company had 139 employees as of December 31, 2024.