Pranav Constructions Limited
ListedReal Estate · Mainboard IPO · INE0H4201019
Price band
₹118 – ₹124
Lot size
120 shares
Min. investment
₹14,880
Issue size
₹351 Cr
Face value
₹10
Registrar
Kfin Technologies Ltd.
Issue timeline
Bidding opens
07 Sept 2026
Bidding closes
09 Sept 2026
Allotment
10 Sept 2026
Listing
15 Sept 2026
Final subscription
28,47,099
applications
₹24,255 Cr
bid value
| Category | Bid for | ₹ Cr* |
|---|---|---|
| Qualified Institutional (QIB) | 91,55,42,160 | 11,353 |
| Non-Institutional >₹10L (bNII) | 51,67,29,480 | 6,407 |
| Non-Institutional ₹2–10L (sNII) | 15,84,84,480 | 1,965 |
| Retail (RII) | 36,53,02,920 | 4,530 |
| Total | 1,95,60,59,040 | 24,255 |
Live category-wise demand from NSE only. Add each category's offered shares (from the RHP) in IPO Master to show the subscription (x) multiple.
About the company
Pranav Constructions Limited is a real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) Region, focusing on the Western Suburbs.
Issue details
Issue size
₹351 Cr
Fresh issue
₹316 Cr
Offer for sale
₹35 Cr
Industry
Real Estate
Promoter holding (pre)
63.35%
Promoter holding (post)
48.54%
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 449.75 | 638.24 | 763.93 Cr |
| EBITDA | 59.73 | 98.54 | 130.83 |
| Profit after tax | 39.62 | 62.25 | 71.32 Cr |
| Net worth | 88.37 | 175.59 | 246.7 Cr |
| Total assets | 966.80 | 1,246.29 | 1,799.19 |
| Total borrowing | 99.34 | 196.50 | 258.44 |
Objects of the issue
- 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.
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company.
- Funding acquisition of future redevelopment projects and general corporate purposes.
Strengths
- Track 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.
Risks
- Dependence on the real estate market conditions.
- Regulatory risks associated with redevelopment projects.
- Potential delays in project execution.
- Competition from other real estate developers.
Documents
Calculate your bid
At cut-off price ₹124
Lots
1
- Shares
- 120
- Amount
- ₹14,880
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login