Pranav Constructions IPO is a mainboard IPO with a total issue size of ₹351.03 crore. The issue includes a fresh issue of shares as well as an offer for sale by an existing shareholder.
The IPO will open for subscription on 7 September 2026 and close on 9 September 2026. The shares are proposed to be listed on both NSE and BSE.
Pranav Constructions IPO Details
Pranav Constructions IPO is a book-building issue of ₹351.03 crore. The public issue consists of a fresh issue of approximately 2.55 crore shares worth around ₹315.60 crore and an offer for sale of approximately 28.57 lakh shares worth around ₹35.43 crore.
The IPO price band has been fixed at ₹118 to ₹124 per share. Investors can apply for a minimum of 120 shares and in multiples of 120 shares thereafter.
At the upper price band of ₹124, a retail investor needs a minimum investment of ₹14,880.
Pranav Constructions IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 7 September 2026 |
| IPO Close Date | 9 September 2026 |
| IPO Size | ₹351.03 Crore |
| Price Band | ₹118 to ₹124 per share |
| Face Value | ₹10 per share |
| Lot Size | 120 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing Exchange | NSE and BSE |
| Market Cap at Upper Band | ₹1,396.52 Crore |
| Expected Allotment | 10 September 2026 |
| Tentative Listing Date | 15 September 2026 |
Pranav Constructions IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 2,83,08,481 | Up to ₹351 Crore |
| Fresh Issue | 2,54,51,612 | Up to ₹316 Crore |
| Offer for Sale | 28,56,869 | Up to ₹35 Crore |
Pranav Constructions IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Monday, 7 September 2026 |
| IPO Closes | Wednesday, 9 September 2026 |
| Allotment | Thursday, 10 September 2026 |
| Refund | Friday, 11 September 2026 |
| Shares Credited to Demat | Friday, 11 September 2026 |
| Listing | Tuesday, 15 September 2026 |
Pranav Constructions IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not less than 40% |
| Retail Investors | Not more than 45% |
| Non-Institutional Investors (NII) | Not more than 15% |
Pranav Constructions IPO Lot Size
The minimum application size is 120 shares. Investors can apply in multiples of the IPO lot size.
| Investor | Lots | Shares | Investment at ₹124 |
|---|---|---|---|
| Retail Minimum | 1 | 120 | ₹14,880 |
| Retail Maximum | 13 | 1,560 | ₹1,93,440 |
| S-HNI Minimum | 14 | 1,680 | ₹2,08,320 |
| S-HNI Maximum | 67 | 8,040 | ₹9,96,960 |
| B-HNI Minimum | 68 | 8,160 | ₹10,11,840 |
About Pranav Constructions Ltd.
Pranav Constructions Limited is a Mumbai-based real estate company that has been working mainly on redevelopment projects in the Mumbai Metropolitan region. The company has a strong focus on the Western Suburbs of Mumbai.
The company started its redevelopment business in 2012. It works on residential redevelopment projects covering different segments, including affordable, mid-market and premium housing.
As of 31 March 2026, the company had a portfolio of 65 redevelopment projects. This included 28 completed projects, 20 projects under construction and 17 upcoming projects.
These projects together represented approximately 5.01 million square feet of total developable area.
Pranav Constructions manages several stages of the redevelopment process internally, including project tendering, pre-construction work, construction and post-construction activities.
Pranav Constructions Business Strengths
- Established presence in Mumbai’s Western Suburbs.
- Experience in residential redevelopment projects.
- Large pipeline of completed, ongoing and upcoming projects.
- In-house capabilities across multiple stages of project execution.
- Capital-efficient redevelopment business model.
- Experienced management team and promoters.
- Focus on customer and stakeholder management.
Pranav Constructions Financial Performance
The company reported growth in both revenue and profit during FY2026 compared with FY2025. Total income increased from ₹638.24 crore to ₹763.93 crore, while profit after tax increased from ₹62.25 crore to ₹71.32 crore.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| 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 |
| Total Borrowings | 258.44 | 196.50 | 99.34 |
| Assets | 1,799.19 | 1,246.29 | 966.80 |
Pranav Constructions IPO Objects of the Issue
The company plans to use the IPO proceeds mainly for redevelopment-related expenses, debt repayment and future business requirements.
| No. | Use of IPO Funds | Amount |
|---|---|---|
| 1 | Expenses related to government and statutory approvals, additional FSI, alternative accommodation and other redevelopment-related costs for selected ongoing and upcoming projects. | ₹145.72 Cr |
| 2 | Repayment or partial repayment of certain company borrowings. | ₹91.50 Cr |
| 3 | Acquisition of future redevelopment projects and general corporate purposes. | Balance Amount |
| Total Identified Amount | ₹237.22 Cr | |
Pranav Constructions IPO Key Performance Indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
| ROE | 33.78% | 47.17% |
| ROCE | 24.34% | 24.83% |
| Debt/Equity | 1.08 | 1.15 |
| RoNW | 33.78% | 47.17% |
| PAT Margin | 9.37% | 9.78% |
| EBITDA Margin | 17.18% | 15.49% |
| NAV | ₹28.30 | – |
Pranav Constructions IPO Valuation
At the upper IPO price of ₹124, the company’s post-issue market capitalization is estimated at around ₹1,396.52 crore.
| Valuation | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹8.18 | ₹6.33 |
| P/E | 15.16x | 19.59x |
| Market Capitalisation | ₹1,081 Cr | ₹1,396.52 Cr |
Pranav Constructions Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 63.35% | 48.54% |
| Public | 36.65% | 51.46% |
| Total | 100% | 100% |
Company Promoters: Pranav Kiran Ashar and Ravi Ramalingam.
Pranav Constructions IPO Offer for Sale
A portion of the IPO is an offer for sale. Under this component, an existing shareholder will sell shares and the money from these shares will go to the selling shareholder rather than the company.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| BioUrja India Infra Pvt. Ltd. | Corporate | 28,56,869 | ₹35.43 Cr |
Pranav Constructions IPO Registrar & Lead Managers
IPO Registrar: Kfin Technologies Ltd.
Book Running Lead Managers:
- Centrum Capital Ltd.
- PNB Investment Services Ltd.
Pranav Constructions Ltd. Contact Details
Registered/Corporate Office:
Unit No. 1001, 10th Floor, DLH Park,
Near MTNL, S.V. Road,
Goregaon West, Mumbai,
Maharashtra – 400104
Phone: +91 22 6276 9939
Pranav Constructions IPO Quick Summary
Pranav Constructions IPO is a ₹351.03 crore mainboard issue opening from 7 September to 9 September 2026. The price band is ₹118-₹124 per share and the lot size is 120 shares.
At the upper price band, retail investors need ₹14,880 for one lot. The company operates mainly in Mumbai’s residential redevelopment market and has a portfolio of 65 projects as of 31 March 2026.
Pranav Constructions IPO FAQs
Disclaimer
This article is for educational and informational purposes only. IPO investment involves market risk. Investors should read the company’s offer documents and conduct their own research before making any investment decision.
