Pranav Constructions Limited IPO Price: ₹118 to ₹124 per share
IPO Dates: 7 to 9 Sept, 2026
Company Overview
Incorporated in July 2003, Pranav Constructions Limited is a real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) Region, with a predominant focus on the Western Suburbs.
The Company was originally incorporated as Pranav Constructions Private Limited and was converted into a public limited company in July 2024.
Business Operations
The Company specializes in pure-play redevelopment and undertakes redevelopment projects across residential segments, including Economical, Mid and Mass, and Aspirational homes.
Redevelopment Portfolio
As of March 31, 2026, the Company’s portfolio comprised 65 redevelopment projects across the MCGM Region, including:
- 28 completed projects
- 20 under-construction projects
- 17 upcoming projects
The projects have a combined Total Developable Area of approximately 5.01 million square feet.
Redevelopment Model
The Company follows an integrated redevelopment model with in-house capabilities across various stages of project execution, including tendering, pre-construction, construction, and post-construction activities.
Its business model involves entering into redevelopment agreements with co-operative housing societies, supporting a capital-efficient approach to project development.
Market Presence
Pranav Constructions has been undertaking redevelopment projects since 2012 and has established a presence in Mumbai’s Western Suburbs.
Workforce
As of March 31, 2026, the Company had 198 permanent employees, including whole-time directors, across functions such as construction management, sales and customer relationship management, architecture, legal and compliance, finance, administration, and human resources.
Competitive Strengths
- Track record of consistent financial performance.
- Capital-efficient business model with high barriers to entry.
- Established customer-centric brand with strong stakeholder management.
- Demonstrated project execution capabilities supported by in-house functional expertise.
- Experienced promoters and professional senior management with corporate governance practices.
- Among the leading real estate companies in Mumbai’s Western Suburbs with a demonstrated growth and strong project pipeline.
Bidding Starts In
Pranav Constructions Limited IPO Specifics:
| IPO Date | 7 to 9 Sep, 2026 |
| Listing Date | Tue, Sep 15, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹118 to ₹124 |
| Lot Size | 120 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,83,08,481 shares (agg. up to ₹351 Cr) |
| Fresh Issue | 2,54,51,612 shares (agg. up to ₹316 Cr) |
| Offer for Sale | 28,56,869 shares of ₹10 (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 8,71,71,170 shares |
| Share Holding Post Issue | 11,26,22,782 shares |
Pranav Constructions IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Mon, Sep 7, 2026 |
| IPO Close | Wed, Sep 9, 2026 |
| Allotment | Thu, Sep 10, 2026 |
| Refund | Fri, Sep 11, 2026 |
| Credit of Shares | Fri, Sep 11, 2026 |
| Listing | Tue, Sep 15, 2026 |
Pranav Constructions Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 120 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹14,880 |
| Retail (Max) | 13 | 1,560 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1,680 | ₹2,08,320 |
| S-HNI (Max) | 67 | 8,040 | ₹9,96,960 |
| B-HNI (Min) | 68 | 8,160 | ₹10,11,840 |
Pranav Constructions Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not less than 40% of the Offer |
| Retail | Not more than 45% of the Offer |
| NII | Not more than 15% of the Offer |
Pranav Constructions Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,799.19 | 1,246.29 | 966.80 |
| Total Income | 763.93 | 638.24 | 449.75 |
| Profit After Tax | 71.32 | 62.25 | 39.62 |
| EBITDA | 130.83 | 98.54 | 59.73 |
| NET Worth | 246.70 | 175.59 | 88.37 |
| Reserves and Surplus | 159.52 | 88.41 | 84.70 |
| Total Borrowing | 258.44 | 196.50 | 99.34 |
Key Performance Indicator-Pranav Constructions Limited IPO
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 33.78% | 47.17% |
| ROCE | 24.34% | 24.83% |
| Debt/Equity | 1.08 | 1.15 |
| RoNW | 33.78% | 47.17% |
| PAT Margin | 9.37% | 9.78% |
| EBITDA Margin | 17.18% | 15.49% |
| NAV | 28.30 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.18 | 6.33 |
| P/E (x) | 15.16 | 19.59 |
| Market Cap at Offer Price | ₹1,081Cr. | ₹1,396.52 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Pranav Constructions Limited IPO RHP
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