Pranav Constructions
15 Sep '26MAINBOARD
Min. Investment
₹14,160
Issue size
₹351.03 Cr
GMP
Locked
Current subscription status: --
Expert verdict
IPO dates
07 Sep
Opening
09 Sep
Closing
15 Sep
Listing
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹14,880 |
| HNI (Min) | 14 | 1680 | ₹2,08,320 |
Subscription (as on 07 September 2026, 10:30 AM)
Overall-
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2003|MD: Mr Pranav Kiran Ashar
- Pranav Constructions is a Mumbai-based real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) region. The company focuses on redeveloping existing residential properties by demolishing older structures and constructing new premises for existing occupants and homes for sale. Its projects cater to the economical, mid- and mass, and aspirational housing segments.
- As of March 31, 2026, its portfolio comprised 65 redevelopment projects, including 28 completed projects, 20 under-construction projects, and 17 upcoming projects. These projects had a combined total developable area of approximately 5.01 million square feet.
- The company predominantly operates in the western suburbs of Mumbai, including Vile Parle, Santacruz, Juhu, Andheri, Jogeshwari, Goregaon, Malad, Kandivali, Borivali, and Dahisar. Pranav Constructions follows an integrated redevelopment model and handles activities across tendering, pre-construction, construction, and post-construction stages. It began undertaking redevelopment projects in 2012.
- Use of proceeds:
- The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:
- Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation and hardship compensation in relation to the development of certain of the under-construction and certain upcoming redevelopment projects — Rs 145.72 crore
- Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the company — Rs 91.5 crore
- Funding acquisition of future redevelopment projects and general corporate purposes.
Issue Details & Objective
Lot size
120 Shares
Price band
₹118 to 124
Face value
₹10 per share
Financials
Download DRHP (IPO Doc)FAQs
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Pranav Constructions IPO is ₹351.03 Cr
The Pranav Constructions IPO will be open for applications from 07 Sep '26 to 09 Sep '26
The lot size of Pranav Constructions IPO is 120 Shares and its minimum investment amount is ₹14,160.
