- Issue price
- ₹124per share
- Issue size
- ₹351.03 Cr2,83,08,481 shares
- Face value
- ₹10per equity share
- Lot size
- 120 sharesMin. ₹14,880 at the upper price
- Anchor biddingFri, 2026
- OpensMon, 2026
- ClosesWed, 2026
- AllotmentThu, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 2,54,51,612 shares (₹315.6 Cr)
- Offer for sale
- 28,56,869 shares (₹35.43 Cr)
- Total issue
- 2,83,08,481 shares (₹351.03 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
- Promoter holding
- 63.35% → 49.03%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail45.0%
- Anchor24.0%
- QIB ex-anchor16.0%
- Small NII10.0%
- Big NII5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,27,38,817 | 45.00% | 45% |
| Non-institutional investors (NII) | 42,46,273 | 15.00% | 15% |
| Small NII (₹2–10 lakh) | 28,30,849 | 10.00% | — |
| Big NII (above ₹10 lakh) | 14,15,424 | 5.00% | — |
| Qualified institutional buyers (QIB) | 1,13,23,391 | 40.00% | 40% |
| QIB, excluding anchor | 45,29,357 | 16.00% | — |
| Anchor investors | 67,94,034 | 24.00% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹124 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 120 | ₹14,880 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2026, pre-issue- EPS (basic)
- ₹8.18
- EPS (diluted)
- ₹8.18
- P/E (Fiscal 2026 at Cap Price)
- 15.16×
- RoNW
- 33.78%
- NAV per share
- ₹28.3
- NAV per share (At Offer Price)
- ₹49.93
- EBITDA margin
- 17.18%
- PAT margin
- 9.37%
- Debt to equity
- 1.08
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202612 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|
| Revenue from operations | 761.60 | 636.27 | 447.48 |
| Total income | 763.93 | 638.24 | 449.75 |
| EBITDA | 130.83 | 98.54 | 59.73 |
| Profit after tax | 71.32 | 62.25 | 39.62 |
| Net worth | 246.70 | 175.59 | 88.37 |
| Reserves and surplus | 159.52 | 88.41 | 84.70 |
| Total assets | 1,799.19 | 1,246.29 | 966.80 |
| Total borrowing | 265.64 | 201.65 | 104.26 |
12 months vs 12 months: revenue +19.7%, profit after tax +14.6%.
Source: ProspectusUpdated
About the company
Mumbai-based company focused on pure-play redevelopment of residential buildings in the Western Suburbs of the MCGM Region. It partners with co-operative housing societies, carries out projects from tendering through construction, and sells the new premises.
- Incorporated
- 2003
- Industry
- Real Estate
- Sector
- Real Estate
- CIN
- U70101MH2003PLC141547
- Website
- pranavconstructions.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Pranav Kiran Ashar | Promoter | 46.46% | 35.96% | — |
| Ravi Ramalingam | Promoter | 16.89% | 13.07% | — |
| Pranav Ashar Trust | Promoter group | 0.00% | 0.00% | — |
| BioUrja India Infra Private Limited | Selling shareholder | — | — | 28,56,869 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding costs of government approvals, additional FSI, and member compensation for certain under-construction and upcoming redevelopment projects | 145.72 |
| Repayment or prepayment of certain outstanding borrowings | 91.50 |
| Funding acquisition of future redevelopment projects and general corporate purposes | 42.57 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Pranav Constructions LimitedIssuer | ₹8.18 | — | 33.78% | ₹28.3 |
| Keystone Realtors Limited | ₹6.25 | 64.86× | 3.34% | ₹229.29 |
| Godrej Properties Limited | ₹61.43 | 33.25× | 9.97% | ₹642.58 |
| Lodha Developers Limited (Formerly known as Macrotech Developers Limited) | ₹34.34 | 33.48× | 15.71% | ₹234.55 |
| Suraj Estate Developers Limited | ₹19.51 | 9.94× | 9.53% | ₹207.87 |
| Kolte-Patil Developers Limited | -₹4.51 | — | -3.73% | ₹135.84 |
| Arkade Developers Limited | ₹0.29 | 482.59× | 0.60% | ₹47.51 |
| Kalpataru Limited | ₹4.76 | 56.64× | 2.45% | ₹198.04 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Ranks among the largest redevelopment suppliers in the Western Suburbs of the MCGM Region by units and projects, per the industry report cited.
- Runs redevelopment in-house across tendering, pre-construction, construction and post-construction stages.
- Uses redevelopment agreements with co-operative housing societies, which the company says keeps capital needs lower.
- Has been in redevelopment since 2012 and reported rising revenue and profit over Fiscals 2024 to 2026.
- Led by promoters with long real estate and finance experience, supported by a professional management team.
Risks
- Almost all revenue comes from the MCGM Region, so local market, regulatory and flood-related conditions can hit results.
- Delays in completing under-construction and upcoming projects could bring RERA penalties, litigation and lost buyer confidence.
- Capital is tied up for long periods in projects, and sales depend on real estate demand and interest rates.
- Total borrowings including lease liabilities were ₹2,656.44 million at March 31, 2026, and the Net Proceeds' use has not been appraised by any bank.
- Contingent liabilities of ₹58.56 million as at March 31, 2026, including bank guarantees and a disputed income tax demand under appeal.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹124) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Pranav Constructions IPO open and close?
According to the Prospectus, the issue opens on Monday, 7 September 2026 and closes on Wednesday, 9 September 2026.
What is the Pranav Constructions IPO price band?
The final issue price is ₹124 per share.
What is the lot size of the Pranav Constructions IPO?
One lot is 120 shares, which is ₹14,880 at ₹124 per share.
Where will Pranav Constructions shares list?
On NSE and BSE. The tentative listing date is Tuesday, 15 September 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Pranav Constructions IPO allotment status?
The basis of allotment is expected to be finalised on Thursday, 10 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹145.72 Cr for funding costs of government approvals, additional FSI, and member compensation for certain under-construction and upcoming redevelopment projects, ₹91.5 Cr for repayment or prepayment of certain outstanding borrowings, ₹42.57 Cr for funding acquisition of future redevelopment projects and general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.