Pranav Constructions Limited
Minimum investment
Bidding date
07 Sep - 09 Sep 2026
Price range
₹118 - ₹124
Minimum quantity
120
Minimum investment
₹14,160
Issue size
₹351 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Total Issue Size:
₹351 Crore
Fresh Issue: 90% (₹316 Cr)
OFS: 10% (₹35 Cr)
Fresh Issue – ₹316 Crore
Offer for Sale – ₹35 Crore
Before Issue: 63.35%
After Issue: 48.54%
Lock-in / Stabilization | Timeline |
|---|---|
Promoters’ Contribution | 3 Years from Allotment |
Promoters’ Shares above 20% | 1 Year from Allotment |
Other Pre-Offer Equity Shares | 6 Months from Allotment |
Anchor Investors – 50% | 90 Days from Allotment |
Anchor Investors – Remaining 50% | 30 Days from Allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | 2.64x |
Non-Institutional Investor | 3.72x |
Others | - |
Total | 2.30x |
Pranav Constructions Limited is a Mumbai-based real estate company focused primarily on redevelopment projects in the MCGM Region, particularly the Western Suburbs. The company has been active in redevelopment since 2012 and works across residential segments including Economical, Mid and Mass, and Aspirational homes.As of March 31, 2026, the company had 65 redevelopment projects, including 28 completed, 20 under construction and 17 upcoming projects, covering approximately 5.01 million square feet of Total Developable Area. It follows an integrated business model with in-house capabilities across construction, architecture, sales, legal, finance and project management.
Consistent Financial Growth: Pranav Constructions has maintained steady growth in revenue, profit and EBITDA, reflecting improving business performance over recent financial years.
Strong Project Pipeline: The company has a sizeable portfolio of redevelopment projects at different stages, providing visibility for future business opportunities.
Established Mumbai Presence: With a focus on redevelopment projects in the MCGM Region, the company has developed market experience and an established presence in Mumbai's Western Suburbs.
Integrated Execution Capabilities: The company has in-house expertise across construction, architecture, sales, legal, finance and other key functions, supporting efficient project management.
Experienced Management: The company is led by experienced promoters and a professional senior management team with knowledge of the real estate and redevelopment sector.
Dependence on Mumbai Market: A significant portion of the company's business is concentrated in the MCGM Region. Any slowdown in Mumbai's real estate market could affect its business performance.
Project Execution Challenges: Redevelopment projects may face delays due to construction issues, approvals, rehabilitation requirements or other unforeseen circumstances.
Regulatory Approvals: The company's projects depend on various government and statutory approvals. Delays or changes in regulations could impact project completion and profitability.
Increasing Borrowings: The company's total borrowings have increased in recent years. Higher debt levels may increase financial costs and affect future cash flows.
Real Estate Market Volatility: Changes in property prices, interest rates, construction costs and customer demand can influence the company's revenues and overall profitability.
763.93 Cr.
Mar'26
71.32 Cr.
Mar'26
130.83 Cr.
Mar'26
56 investors voted
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