Pranav Constructions IPO Listing: Shares Debut at 33.06% Premium on NSE

Pranav Constructions IPO Listing Today: The Pranav Constructions IPO was subscribed 121 times overall by the time bidding closed on 9 September 2026. Within that demand, qualified institutional buyers (QIBs) bid for 258.71 times their reserved portion, non institutional investors (NIIs) put in 208.21 times their quota, and retail investors subscribed 43.33 times the shares set aside for them. Before looking at how the stock performed on debut, here is a recap of the Pranav Constructions IPO itself, followed by the full Pranav Constructions IPO listing details and the Pranav Constructions IPO listing price movement on day one.

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Pranav Constructions IPO Listing: Issue Details

Pranav Constructions Limited raised its capital through a book building issue worth Rs 351.03 crore, made up of a fresh issue of shares worth Rs 315.60 crore and an offer for sale of about Rs 35.43 crore by selling shareholder BioUrja India Infra Private Limited. The issue listed on both the BSE and the NSE, with a tentative listing date of 15 September 2026. Bidding ran from 7 September 2026 to 9 September 2026, at a face value of Rs 10 per share and a price band of Rs 118 to Rs 124 per share. Anyone tracking the Pranav Constructions IPO listing today will find the full set of dates and terms in the table below.

Particular	Detail
Allotment Date	10 September 2026
IPO Open Date	7 September 2026
IPO Close Date	9 September 2026
Refund Initiation	11 September 2026
Issue Size	Rs 351.03 crore (2,83,08,481 shares)
Face Value	Rs 10 per share
Lot Size	120 shares
Issue Price	Rs 124 per share
Issue Type	Bookbuilding IPO
Listing At	BSE, NSE
Listing Date	15 September 2026

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Pranav Constructions IPO Listing Price and Performance

On its listing day, Pranav Constructions shares opened at Rs 165 apiece on the NSE, a 33.06 percent premium over the Rs 124 issue price. On the BSE, the stock opened at Rs 162, a 30.65 percent premium. The Pranav Constructions IPO listing came in slightly below what grey market indicators had suggested ahead of the debut, though it was still a strong listing for a mainboard real estate issue. For investors who missed allotment, the Pranav Constructions IPO listing price now serves as the reference point for deciding whether to buy the stock on the exchanges.

About the Pranav Constructions IPO

Pranav Constructions Limited, incorporated in July 2003 and based in Goregaon, Mumbai, is a real estate company specialising in the pure-play redevelopment of ageing housing society properties in the Municipal Corporation of Greater Mumbai region, with a predominant focus on the Western Suburbs. The company has been undertaking redevelopment projects since 2012 across economical, mid and mass, and aspirational housing segments, and as of 31 March 2026 it held a portfolio of 65 redevelopment projects, comprising 28 completed, 20 under construction, and 17 upcoming projects. Promoters of the company are Pranav Kiran Ashar and Ravi Ramalingam. Centrum Capital was the lead book running lead manager, alongside PNB Investment Services, with Kfin Technologies as registrar. Investors who followed the Pranav Constructions IPO listing today can use this background to judge the strength of the underlying business behind the debut. The details above round out the full picture of the Pranav Constructions IPO listing for readers who applied in the offer.

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Pranav Constructions Limited Financials

A look at Pranav Constructions Limited’s recent financial performance helps put the Pranav Constructions IPO listing in context for anyone tracking the Pranav Constructions IPO listing performance after its debut.

Year Ended	31 Mar 2026 (Rs cr.)	31 Mar 2025 (Rs cr.)	31 Mar 2024 (Rs cr.)
Assets	1,799.19	–	966.80
Revenue	763.93	638.24	449.75
Profit After Tax	71.32	62.25	39.62
EBITDA	130.83	98.54	59.73
Total Borrowings	258.44	196.50	99.33

Explanation
Pranav Constructions Limited’s revenue rose about 20 percent, from Rs 638.24 crore in the year ended 31 March 2025 to Rs 763.93 crore in the year ended 31 March 2026, after a sharper 42 percent jump in FY25. Profit after tax climbed roughly 15 percent over the latest year, from Rs 62.25 crore to Rs 71.32 crore, while EBITDA improved from Rs 98.54 crore to Rs 130.83 crore. Total borrowings rose to Rs 258.44 crore in FY26 from Rs 196.50 crore in FY25, a leverage trend investors are weighing after the Pranav Constructions IPO listing.

Grey market premium (GMP) is an unofficial, unregulated indicator for the Pranav Constructions IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Pranav Constructions IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

FAQs

What was the Pranav Constructions IPO listing price?

Ans. Pranav Constructions shares listed at Rs 165 on the NSE, a 33.06 percent premium over the Rs 124 issue price, and opened at Rs 162 on the BSE, a 30.65 percent premium.

Was the Pranav Constructions IPO listing a premium or a discount?

Ans. It was a strong premium listing on both exchanges. Shares gained over 33 percent on the NSE and over 30 percent on the BSE over the issue price, slightly below what grey market indicators had suggested ahead of the debut.

How much was the Pranav Constructions IPO subscribed?

Ans. The IPO was subscribed 121 times overall, with QIBs at 258.71 times, NIIs at 208.21 times, and retail investors at 43.33 times their respective quotas.

What is the issue price of the Pranav Constructions IPO?

Ans. The issue price was fixed at Rs 124 per share, at the upper end of the Rs 118 to Rs 124 price band.

What is the lot size of the Pranav Constructions IPO?

Ans. The lot size was 120 shares, translating to a minimum retail investment of about Rs 14,880 at the upper price band.

Who is the registrar for the Pranav Constructions IPO?

Ans. Kfin Technologies Limited is the registrar for the Pranav Constructions IPO.

What does Pranav Constructions do?

Ans. Pranav Constructions is a Mumbai based real estate company that specialises in the pure-play redevelopment of ageing housing society properties, primarily in the Western Suburbs of the Municipal Corporation of Greater Mumbai region.

Where can I track the Pranav Constructions IPO listing performance?

Ans. Investors can track the Pranav Constructions IPO listing performance and live share price movement on the NSE and BSE, or through the Univest platform.

Should I hold shares after the Pranav Constructions IPO listing?

Ans. That depends on individual risk appetite and investment horizon. Investors should review the Pranav Constructions IPO listing performance alongside the company’s financials, including its rising borrowings, before deciding whether to hold or exit.

Did the Pranav Constructions IPO listing match grey market expectations?

Ans. Not quite. The Pranav Constructions IPO listing came in a little below what grey market indicators had suggested ahead of the debut, though the premium delivered was still among the stronger listings for a mainboard real estate issue.