Pranav Constructions IPO Details
Pranav Constructions IPO Summary
Pranav Constructions IPO opens for subscription on 07 Sep 2026 and closes on 09 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 15 Sep 2026.
Pranav Constructions IPO price band has been fixed at ₹118 – ₹124 per share. The face value is ₹10 per share with a lot size of 120.
Pranav Constructions IPO total issue size comprises 2,83,08,481 shares (aggregating up to ₹351.03 Cr). This includes a fresh issue of 2,54,51,612 shares (aggregating up to ₹315.60 Cr). Offer for Sale consists of 28,56,869 shares (aggregating up to ₹35.43 Cr). Pre-issue shareholding stands at 8,71,71,170, which will increase to 11,26,22,782 post-issue.
Pranav Constructions IPO carries a ₹53 (42.74%) GMP, reflecting investor sentiment.
Pranav Constructions IPO Lot Size :Retail Minimum is 1 lot (120 shares) amounting to ₹14,880. Retail Maximum is 13 lots (1,560 shares) amounting to ₹1,93,440. SHNI Minimum is 14 lots (1,680 shares) amounting to ₹2,08,320. SHNI Maximum is 67 lots (8,040 shares) amounting to ₹9,96,960. BHNI Minimum is 68 lots (8,160 shares) amounting to ₹10,11,840.
Pranav Constructions IPO Details
Pranav Constructions IPO Subscription
Pranav Constructions IPO Application Wise Breakup (Approx)
Pranav Constructions IPO Dates
- 07 Sep 2026Opening dateOpen
- 09 Sep 2026Closing dateClose
- 10 Sep 2026Allotment Date Allotment
- 11 Sep 2026Initiation of RefundsRefund
- 11 Sep 2026Credit of SharesCredit
- 15 Sep 2026Listing dateListing
Pranav Constructions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 120 | ₹14,880 |
| Retail Maximum | 13 | 1560 | ₹1,93,440 |
| SHNI Minimum | 14 | 1680 | ₹2,08,320 |
| SHNI Maximum | 67 | 8040 | ₹9,96,960 |
| BHNI Minimum | 68 | 8160 | ₹10,11,840 |
Pranav Constructions IPO Reservation
Promoter Holding
Documents
Pranav Constructions IPO Valuations
Pranav Constructions Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,799.19 | 1,246.29 | 966.80 |
| Total Income | 763.93 | 638.24 | 449.75 |
| Profit After Tax | 71.32 | 62.25 | 39.62 |
| EBITDA | 130.83 | 98.54 | 59.73 |
| NET Worth | 246.70 | 175.59 | 88.37 |
| Reserves and Surplus | 159.52 | 88.41 | 84.70 |
| Total Borrowing | 258.44 | 196.50 | 99.34 |
| Amount in ₹ Crore | |||
About Pranav Constructions IPO
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.
Strength Of Pranav Constructions IPO
- Among the leading real estate companies in the Western Suburbs with a demonstrated growth and strong pipeline.
- Demonstrated project execution capabilities with in-house functional expertise.
- Capital efficient business model with high barriers to entry.
- Established a customer-centric brand in the Western Suburbs with robust stakeholder management.
- Track record of consistent financial performance.
- Experienced Promoters and professional senior management with good corporate governance practices.
Risk Of Pranav Constructions IPO
- Our Redevelopment1 activities are geographically concentrated in the MCGM Region2, which has accounted for 99.70%, 99.69% and 99.50% of our revenue from operations for the Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Consequently, we are exposed to risks from varying market conditions, economic, regulatory and other changes as well as natural disasters in the MCGM Region, which in turn may have an adverse effect on our business, results of operations, cash flows and financial condition.
- An inability to complete our Under-construction Redevelopment Projects and Upcoming Redevelopment Projects by their respective expected completion dates or at all could have a material adverse effect on our business, reputation, results of operations and financial condition.
- If we are not able to sell our Redevelopment Projects inventory in a timely manner, it may adversely affect our business, results of operations and financial condition.
- We do not enter into agreements for supply of construction materials for our Redevelopment Projects and depend on a limited number of suppliers for construction materials. As of Fiscal 2026, Fiscal 2025 and Fiscal 2024, our top 10 suppliers contributed to 61.78%, 69.80% and 52.50% of the total material costs, respectively. Any increase in prices or interruption in the availability of construction materials could adversely impact our business, results of operations and financial condition.
- We depend on a limited number of contractors for our business activities and operations. As of Fiscal 2026, Fiscal 2025 and Fiscal 2024, our top 10 contractors contributed to 47.10%, 56.41% and 46.92% of the total amount paid to contractors, respectively. Any delay or failure on the part of such contractors to adhere to their obligations could adversely affect our business operations and financial condition.
- We may not be able to successfully identify and acquire Redevelopment Projects in the future, which may have an adverse impact on our business and the growth of our Company.
- We have entered into Redevelopment agreements with Co-operative Housing Societies to acquire Redevelopment rights which may entail risks pertaining to irregularities in the title or use of land for which we have acquired Redevelopment rights which could have an adverse impact on our business operations and financial performance.
- Our business requires significant expenditure for Redevelopment Projects and is dependent on the availability of financing, which may not be available on terms acceptable to us in a timely manner or at all. Our inability to obtain funding on reasonable terms, or at all, could affect our ability to construct our Redevelopment Projects and would have an adverse effect on our business and results of operations.
- We are subject to penalty clauses under the Redevelopment agreements entered into with Co-operative Housing Societies for any delay in the completion or defects in construction of the Redevelopment Projects. If such penalties are levied, it may have an adverse effect on our business, financial condition and results of operations.
- Any negative operating cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
Objectives Pranav Constructions IPO
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”).
2. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company.
3. Funding acquisition of future redevelopment projects and general corporate purposes.
Company Contact Details
Pranav Constructions Ltd.
Unit No. 1001, 10th Floor, DLH Park,
Near MTNL, S.V. Road,
Goregaon (West),
Mumbai, Maharashtra, 400104
Phone: +91 22 6276 9939
Email: compliance.officer@pranavconstructions.com
Website: http://www.pranavconstructions.com/
Registrar Contact Details
Pranav Constructions FAQs
The Pranav Constructions IPO is a MAINBOARD public issue comprising 28308481 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹351.03 Cr. The issue price has been fixed at ₹124 per equity share, and the minimum application size is 120 shares.
The IPO opens for subscription on 07 Sep 2026, and closes on 09 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹53 (42.74%).
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