Pranav Constructions Limited
IPO Details
Subscription
Lot Distribution
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Company Fin.
₹44(35.48%)
Premium (ELP)
Subscription for Pranav Constructions Limited's Initial Public Offering is currently underway, targeting total proceeds of 2,83,08,480 Shares. The offering composition includes 2,54,51,612 Shares in new capital infusion and ₹35.42 Cr in existing shareholder sales.
The active price band of ₹118 to ₹124 and minimum lot requirement of 120 shares define the current investment parameters. Market participants are actively evaluating this opportunity during the subscription window.
The application deadline is fast approaching on Sep 09, 2026. Following Subscription closure, allotment will be processed on Sep 10, 2026, leading to the anticipated listing on Sep 15, 2026 at the NSE, BSE exchange platform.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2003, Pranav Constructions Limited is an Indian construction company engaged in residential, commercial and infrastructure development. The company develops affordable housing, premium apartments and gated communities, constructs office spaces, retail centres and mixed-use projects, and undertakes infrastructure works such as roads, bridges and water supply projects. It has strong in-house capabilities to handle the complete redevelopment process from bidding and planning to construction and final handover, and is a leading player in MCGM redevelopment projects in Mumbai’s western suburbs. Pranav Constructions has completed 26 redevelopment projects and has several projects under construction and in the pipeline, reflecting steady growth in project acquisitions, and employed 139 people as of December 31, 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Strong Position in Redevelopment Projects: Pranav Constructions is a leading name in MCGM redevelopment projects across Mumbai’s western suburbs, supported by a strong track record of completed, ongoing, and upcoming developments.
- Complete In-House Execution Capabilities: The Company handles the entire redevelopment process internally, from tendering and regulatory approvals to construction and post-handover activities, ensuring better control over project timelines, quality, and costs.
- Steady Project Wins and Business Growth: A notable rise in redevelopment project awards since 2021 highlights the Company’s strong market reputation, execution strength, and continued demand in the urban redevelopment sector.
- High Geographic Concentration: Most of the Company’s projects are focused in Mumbai’s western suburbs, which increases exposure to regional regulatory changes, policy decisions, and local market risks.
- Dependence on the Redevelopment Segment: The Company’s strong reliance on redevelopment projects limits diversification and makes revenues sensitive to approval delays, tenant-related issues, and regulatory clearances.
- Relatively Small Workforce: With 139 employees as of December 2024, the Company may face challenges in execution and scaling operations as the number of ongoing and upcoming projects grows.
- Pranav Kiran Ashar
- Ravi Ramalingam
Pranav Constructions Limited
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