Pranav Constructions IPO
GMP, Subscription, Price, Dates & Financial Details
Construction - Real Estate
Incorporated in July 2003, Pranav Constructions Limited is a Mumbai-based real estate developer focused on redevelopment projects across the Municipal Corporation of Greater Mumbai (MCGM) region, with a strong presence in the Western Suburbs. Originally incorporated as Pranav Constructions Private…
Open Date
Mon, 07 Sep 2026
Close Date
Wed, 09 Sep 2026
Price Band
₹ 118 – 124
Lot Size
120
Issue Size
₹ 351.00 Cr
Minimum Investment
₹ 14,880 (120 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Pranav Constructions IPO is set to open its Initial Public Offering (IPO) for subscription on September 07, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹351.00 Crore.
The Pranav Constructions IPO will open for subscription on September 07, 2026, and close on September 09, 2026. The basis of allotment is expected to be finalized on September 10, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 15, 2026.
The company has fixed the price band at ₹118 to ₹124 per share, with a lot size of 120 shares. Retail investors will require a minimum investment of ₹14,880 (based on the upper price band) to apply for one lot.
KFin Technologies Limited is the registrar to the issue. Centrum Capital Limited, and Pnb Investment Services Ltd are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Pranav Constructions IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 09, 2026.
Pranav Constructions IPO Timeline (Tentative)
- IPO Open Date
- Mon, 07 Sep 26
- IPO Close Date
- Wed, 09 Sep 26
- Basis of Allotment
- Thu, 10 Sep 26
- Initiation of Refunds
- Fri, 11 Sep 26
- Credit of Shares to Demat
- Fri, 11 Sep 26
- Listing Date
- Tue, 15 Sep 26 — BSE & NSE
Open Date
07 September 2026
Close Date
09 September 2026
Basis Of Allotment
10 September 2026
Listing Date
15 September 2026
IPO Subscription
Check Live Subscription →The Pranav Constructions IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 07 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 45% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (40%), while Non-Institutional Investors (NIIs) receive 0 shares (15%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 40% |
| Non-Institutional | 0 | 15% |
| Retail Investors | 0 | 45% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1799.19 | 1246.29 | 966.8 |
| Revenue | 763.93 | 638.24 | 449.75 |
| Profit After Tax | 71.32 | 62.25 | 39.62 |
| Net Worth | 246.7 | 175.59 | 88.37 |
| Reserve & Surplus | 159.52 | 88.41 | 84.7 |
| Total Borrowings | 258.44 | 196.5 | 99.34 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Pranav Constructions Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 33.78 | 47.17 | 64.93 |
| ROCE % | 24.34 | 24.83 | 28.62 |
| Debt / Equity | 1.08 | 1.15 | 1.18 |
| RoNW % | 33.78 | 47.17 | 64.93 |
| Pat Margin % | 9.37 | 9.78 | 8.85 |
Peers Comparison
No Peer Comparision Available
About Pranav Constructions Limited
Incorporated in July 2003, Pranav Constructions Limited is a Mumbai-based real estate developer focused on redevelopment projects across the Municipal Corporation of Greater Mumbai (MCGM) region, with a strong presence in the Western Suburbs. Originally incorporated as Pranav Constructions Private Limited, the company was converted into a public limited company in July 2024.
The company follows a pure-play redevelopment model, primarily working with cooperative housing societies to redevelop ageing residential properties. Its projects span the Economical, Mid and Mass, and Aspirational housing segments. As of March 31, 2026, Pranav Constructions had a portfolio of 65 redevelopment projects, comprising 28 completed projects, 20 under construction and 17 upcoming projects, with a combined Total Developable Area of approximately 5.01 million sq. ft.
The company has been undertaking redevelopment projects since 2012 and has established a strong presence in key Western Suburban markets such as Malad, Bandra West and Santacruz. According to the C&W Report, it ranked first in the MCGM region by combined supply from redevelopment projects launched between CY2021 and Q1 CY2026.
Pranav Constructions follows an integrated project execution model, with in-house capabilities covering society tendering, feasibility and design, approvals, construction management, sales and marketing, and post-construction handover. Its operations are supported by dedicated teams across architecture, business development, legal, construction, sales and customer relationship management. The company also has 25 in-house architects.
Its capital-efficient redevelopment model enables the company to undertake projects without the substantial upfront land acquisition costs typically associated with traditional real estate development. This approach supports the simultaneous execution of multiple projects while maintaining focus on project delivery and stakeholder management.
As of March 31, 2026, the company had 198 permanent employees, including whole-time directors, across construction management, sales and customer relationship management, architecture, legal and compliance, finance, administration and human resources.
Competitive Strengths
Strong track record of consistent financial performance.
Capital-efficient business model with high barriers to entry.
Established customer-centric brand with strong stakeholder relationships.
Demonstrated project execution capabilities supported by in-house expertise.
Experienced promoters and professional senior management with corporate governance practices.
Strong presence in Mumbai's Western Suburbs with a sizeable and growing redevelopment project pipeline.
Pranav Constructions IPO Promoters
- Pranav Kiran Ashar
- Ravi Ramalingam
Promoters Holding
Holding Pre Issue
67.70%
Holding Post Issue
0.00%
Pranav Constructions IPO Objective
The Company Pranav Constructions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- 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 (“Funding Redevelopment Expenses”)
- 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
Pranav Constructions Limited Address / Contact Details
Pranav Constructions Ltd.
Unit No. 1001, 10th Floor, DLH Park,
Near MTNL, S.V. Road,
Goregaon (West),
Mumbai, Maharashtra, 400104
Phone: +91 22 6276 9939
Email: compliance.officer@pranavconstructions.com
Website: https://www.pranavconstructions.com/
IPO Snapshot
Pranav Constructions IPO Lot Size
The Pranav Constructions IPO has a lot size of 120 shares. Retail investors require a minimum investment of ₹ by applying for 0 lot (0 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| Application | Lots | Shares | Amount (₹) |
|---|
Issue Reservation
- QIB — 40%
- NII — 15%
- RII — 45%
Book Running Lead Managers
- Centrum Capital Limited
- Pnb Investment Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Pranav Constructions IPO?
Pranav Constructions IPO is a Book-building IPO with a total issue size of ₹351 crore. The Pranav Constructions IPO price band is ₹118 to 124 per share. The Pranav Constructions IPO subscription opens on Mon, Sep 7, 2026, and closes on Wed, Sep 9, 2026. The Pranav Constructions IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Pranav Constructions IPO.
When will the Pranav Constructions IPO open for subscription?
The Pranav Constructions IPO opens on Mon, Sep 7, 2026 and closes on Wed, Sep 9, 2026
What is Pranav Constructions IPO Price Band?
Pranav Constructions IPO Price Band is ₹118 to 124 per share.
What is Pranav Constructions IPO Lot Size?
Pranav Constructions IPO lot size is 120 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
What is the minimum investment for Pranav Constructions IPO?
The minimum investment for Pranav Constructions IPO is ₹14880, based on one lot of 120 shares at the upper price band of ₹124 per share.
How to apply for Pranav Constructions IPO?
Investors can apply for the Pranav Constructions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 9, 2026. The application amount remains blocked until the Pranav Constructions IPO allotment is finalized.
What is Pranav Constructions IPO Issue Size?
Pranav Constructions IPO issue size is ₹351 crores.
What is the Pranav Constructions IPO Allotment Date?
Pranav Constructions IPO allotment date is Thu, Sep 10, 2026.
Who is the Pranav Constructions IPO Registrar?
The registrar for Pranav Constructions IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Pranav Constructions IPO allotment status, refund processing, and other IPO-related information.
What is the Pranav Constructions IPO GMP?
The Pranav Constructions IPO GMP (Grey Market Premium) is ₹27 as of Wed, Sep 2, 2026. Based on the upper price band of ₹124 per share, the estimated Pranav Constructions IPO listing price is ₹151, indicating a potential listing gain of approximately 21.77% over the issue price.
Who is the Pranav Constructions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Pranav Constructions IPO are Centrum Capital Limited and Pnb Investment Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Pranav Constructions IPO Red Herring Prospectus (RHP).