Pranav Constructions IPO is a book-built public offering with a total issue size of ₹351.03 crore. The IPO comprises a fresh issue of 2.55 crore equity shares worth ₹315.60 crore along with an offer for sale of 28.57 lakh shares aggregating to ₹35.43 crore.
The subscription window for the IPO is scheduled to open on September 7, 2026, and will remain available until September 9, 2026. The basis of allotment is expected to be completed on September 10, 2026, while the company is proposed to be listed on both NSE and BSE on September 15, 2026.
The company has fixed the price band at ₹118–₹124 per share. Investors can apply for a minimum of 120 shares, requiring an investment of ₹14,880 at the upper end of the price range.
Centrum Capital Limited has been appointed as the Book Running Lead Manager for the issue, whereas KFin Technologies Limited will act as the Registrar to the IPO.
Pranav Constructions IPO Details
| IPO Open Date | 07-09-2026 |
| IPO Close Date | 09-09-2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹118 to ₹124 Per Share |
| Issue Size | Approx ₹351.03 cr. |
| Fresh Issue | Approx ₹316 cr. |
| Offer For Sale | Approx 28,56,869 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | NSE,BSE |
Issue Reservation
| Investor Category | Shares Offered % |
|---|---|
| Retail Shares Offered | 45% |
| NII Shares Offered | 15% |
| QIB Shares Offered | 40% |
Pranav Constructions IPO Market Lot
The Pranav Constructions IPO minimum market lot is 120 shares with ₹14,880 application amount. The retail investors can apply up-to 13 lots with 1,560 shares of ₹1,93,440 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 120 | ₹14,880 |
| Retail Maximum | 13 | 1,560 | ₹1,93,440 |
| S-HNI Minimum | 14 | 1,680 | ₹2,08,320 |
| S-HNI Maximum | 67 | 8,040 | ₹9,96,960 |
| B-HNI Minimum | 68 | 8,160 | ₹10,11,840 |
Pranav Constructions IPO Anchor Investors
| Anchor Bidding Date | 04-09-2026 |
| Shares Offered | 67,94,034 Shares |
| Lock-in period end date 50% shares(30 Days) | 10-10-2026 |
| Lock-in period end date 50% shares (90 Days) | 09-12-2026 |
Pranav Constructions IPO Dates
The Pranav Constructions IPO Open date is September 7 and the close date is September 9. The Pranav Constructions IPO allotment will be finalized on September 10 and the IPO listing on September 15.
| IPO Open Date: | 07-09-2026 |
| IPO Close Date: | 09-09-2026 |
| Basis of allotment: | 10-09-2026 |
| Refunds: | 11-09-2026 |
| Credit to Demat Account: | 11-09-2026 |
| IPO Listing Date: | 15-09-2026 |
Key Strengths and Hidden Risks
Hidden Strengths
✅ Regulatory Tailwinds for Organized Developers – Stricter regulations are gradually shifting redevelopment opportunities toward larger and organized real estate players.
✅ Strong Presence in Mumbai Redevelopment Market – The company has established a recognizable position in Mumbai’s redevelopment segment, supporting future project acquisition.
✅ Benefit from UDCPR Reforms – Higher FSI availability and lower approval-related costs can improve project economics and development potential.
✅ Visible Future Revenue Pipeline – A significant portion of contracted revenue remains to be recognized over the next few years, providing business visibility.
Hidden Risks
⚠️ Regulatory Approval Dependency – Project execution depends heavily on multiple government and regulatory approvals, which may cause delays.
⚠️ Litigation & Redevelopment Execution Risk – Redevelopment projects can face prolonged legal disputes, procedural hurdles, and approval-related setbacks.
⚠️ Promoter Guarantee Reliance – Certain borrowings are backed by promoter guarantees, creating dependence on continued promoter support.
⚠️ Contractor Concentration Risk – Dependence on a limited group of contractors may lead to execution delays or cost overruns if disruptions occur.
⚠️ Interest Rate & Real Estate Cycle Exposure – Changes in property demand or borrowing costs can directly affect sales performance and cash flows.
Pre and Post-IPO Shareholding Pattern
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 63.35% | 48.54% |
| Public | 36.65% | 51.43% |
| Total | 100% | 100% |
Company Promoters: Pranav Kiran Ashar and Ravi Ramalingam.
Use of Funds
| Purpose | Crores |
|---|---|
| A portion of the IPO proceeds will be utilized to secure required government and regulatory approvals, acquire additional FSI, and cover payments related to alternate accommodation and hardship compensation for members affected by certain ongoing and upcoming redevelopment projects. | ₹145.72 |
| The company intends to use part of the funds to reduce its debt burden through the repayment or prepayment of selected borrowings, either fully or partially. | ₹91.50 |
| The remaining proceeds will support the acquisition of future redevelopment opportunities and meet general corporate requirements. | ₹- |
About
Pranav Constructions Limited is a Mumbai-based real estate developer specializing in residential redevelopment projects across key micro-markets of the Mumbai Metropolitan Region (MMR). Established in 2003, the company has built a strong presence in the redevelopment segment by transforming aging residential properties into modern housing developments that cater to the evolving needs of urban homebuyers.
Over the years, Pranav Constructions has developed a diversified portfolio comprising completed, under-construction, and upcoming redevelopment projects across prominent locations such as Andheri, Goregaon, Malad, Santacruz, Vile Parle, Kandivali, Chembur, Sion, Matunga, Khar, and Grant Road. The company has delivered and planned thousands of residential units, reflecting its deep understanding of Mumbai’s redevelopment ecosystem and housing demand.
A key strength of Pranav Constructions lies in its project execution capabilities and consistent project procurement strategy. According to the industry report included in the RHP, the company has established a reputation for timely project completion and has developed strong brand recognition, particularly in Mumbai’s western suburbs.
The company primarily focuses on 1 BHK, 2 BHK, and 3 BHK residential units, which represent the most in-demand housing categories in its target markets. Its development strategy is centered on serving both affordable and mid-income homebuyers while expanding into emerging residential micro-markets to capture future growth opportunities.
With a proven redevelopment track record, a growing project pipeline, and a strategic focus on high-demand residential locations, Pranav Constructions Limited is well-positioned to benefit from Mumbai’s long-term real estate and urban redevelopment growth story.
Pranav Constructions IPO Company Financial Report
| Period Ended | Revenue | Expense | Pat | Assets |
|---|---|---|---|---|
| 2024 | ₹449.75 | ₹410.65 | ₹39.62 | ₹966.80 |
| 2025 | ₹638.24 | ₹566.16 | ₹62.25 | ₹1246.29 |
| 2026 | ₹763.93 | ₹669.99 | ₹71.32 | ₹1799.19 |
Pranav Constructions IPO Valuation – FY2026
Check Pranav Constructions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE | 33.78% |
| ROCE | 24.34% |
| EBITDA Margin | 17.18% |
| PAT Margin | 9.37% |
| Debt to equity ration | 1.08 |
| Earning Per Share(EPS) | ₹8.18 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 33.78% |
| Net Asset Value(NAV) | ₹28.30 |
Peer Group Comparison
| Company | Income cr. | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Keystone Realtors Ltd | 2,634.54 cr. | 6.25 | 64.86 | 3.34% | 229.29 |
| Godrej Properties Ltd | 5,131.43 cr. | 61.43 | 33.25 | 9.97% | 642.58 |
| Macrotech Developers Ltd | 16,676.20 cr. | 34.34 | 33.48 | 15.71% | 234.55 |
| Suraj Estate Developers Ltd | 555.86 cr. | 19.51 | 9.94 | 9.53% | 207.87 |
| Kolte-Patil Developers Ltd | 734.96 cr. | (4.51) | NA | (3.73)% | 135.84 |
| Arkade Developers Ltd | 816.40 cr. | 0.29 | 482.59 | 0.60% | 47.51 |
| Kalpataru Ltd | 3,435.62 cr. | 4.76 | 56.64 | 2.45% | 198.04 |
Pranav Constructions IPO Lead Managers aka Merchant Bankers
- Centrum Capital Ltd.
- PNB Investment Services Ltd.
Pranav Constructions Company Address
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: http://www.pranavconstructions.com/
Pranav Constructions IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: pcpl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
What is the total size of the Pranav Constructions IPO?
The IPO has an aggregate issue size of ₹351.03 crore, comprising a fresh issue and an offer for sale.
When will the Pranav Constructions IPO open and close?
The IPO will open for subscription on September 7, 2026, and close on September 9, 2026.
What is the price band of the Pranav Constructions IPO?
The company has fixed a price band of ₹118 to ₹124 per equity share.
What is the minimum investment required for retail investors?
Retail investors need to apply for at least 120 shares, requiring a minimum investment of ₹14,880 at the upper price band.
What portion of the IPO consists of fresh shares?
The majority of the issue consists of a fresh issue of 2.55 crore shares, making up most of the total offering.
On which stock exchanges will the shares be listed?
The equity shares are proposed to be listed on both the NSE and BSE.
When is the allotment expected to be finalized?
The basis of allotment is expected to be finalized on September 10, 2026.
Who is managing the Pranav Constructions IPO?
Centrum Capital Limited is acting as the Book Running Lead Manager for the issue.
Who is the registrar to the IPO?
KFin Technologies Limited has been appointed as the registrar for the IPO.
What does Pranav Constructions primarily focus on?
Pranav Constructions is primarily engaged in redevelopment projects, with a strong presence in Mumbai’s real estate redevelopment market.
Disclaimer
I am not a SEBI-registered Research Analyst, Investment Adviser, or any other SEBI-regulated financial professional. The information provided on this website regarding IPOs, GMP, stock markets, and other financial topics is for educational and informational purposes only.
The content published on this website should not be considered financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.