The Pranav Constructions IPO is a mainboard book-build IPO, scheduled to open on 7 September 2026 and close on 9 September 2026.
The price band is fixed at ₹118 to ₹124 per share, with a minimum application of 1 lot (120 shares).
The company plans to list its shares on both the NSE and BSE, with the tentative listing scheduled for 15 September 2026.
The Pranav Constructions IPO offers investors an opportunity to invest in a Mumbai-based real estate developer primarily engaged in residential redevelopment and construction projects. It is a mainboard book-building ipo issuing approximately ₹351.0 cr, including both fresh issue and offers for sale. The IPO is scheduled to open on 7 September 2026 and close on 9 September 2026, at a price band of ₹118 to ₹124 per share. Investors should, however, consider the company’s debt levels, dependence on the real estate market, and project-related risks before making an investment decision.
Pranav Constructions IPO Key Details
The table below presents the essential details investors should know before applying for the Pranav Constructions IPO.
| IPO Open Date | 7 September 2026 |
| Close Date | 9 September 2026 |
| Face value | ₹10 per share |
| Price Band | ₹118 to ₹124 |
| IPO Lot Size | 120 shares |
| Fresh issue | ₹315.6 cr approx |
| Offer for Sale | 28,56,869 shares |
| Type of issue | Book-building |
| Listing at | NSE and BSE |
| Total Issue Size (₹ Crore) | ₹351.0 cr approx |
| Minimum Investment | 1 lot or 120 shares |
Pranav Constructions IPO Timeline
Below is the complete schedule of events for the Pranav Constructions IPO.
| Bid Opening | 7 September 2026 |
| Bid Closing | 9 September 2026 |
| Tentative Allotment | 10 September 2026 |
| Initiation of Refunds | 11 September 2026 |
| Credit of Shares to Demat | 11 September 2026 |
| Tentative Listing Date | 15 September 2026 |
| UPI mandate closing date | 9 September 2026 |
Key Performance Indicators of Pranav Constructions IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 33.78 | 47.17 | 64.93 |
| ROCE (%) | 24.34 | 24.83 | 28.62 |
| Debt Equity (in times) | 1.08 | 1.15 | 1.18 |
| RoNW (%) | 33.78 | 47.17 | 64.93 |
| PAT Margin (%) | 9.37 | 9.78 | 8.85 |
| EBITDA margin (%) | 17.18 | 15.49 | 13.35 |
| Price to book |
Pranav Constructions IPO Financial Details
The Financial information of the Pranav Constructions IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 761.59 | 636.27 | 447.48 |
| Total Asset | 1,799.19 | 1,246.28 | 966.80 |
| Profit | 71.32 | 62.25 | 39.61 |
(Amount in ₹ Crores)
Pranav Constructions IPO Subscription Status
The subscription data is not available yet.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Pranav Constructions IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Pranav Constructions IPO shows a GMP of ₹30. Therefore, according to the status, the estimated listing price is ₹154.
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Gain | Last updated |
| 03-09-2026 | ₹124.00 | ₹30 | ₹154 | 24.19% | 03-09-2026, 16:31 |
| 02-09-2026 | ₹124.00 | ₹27 | ₹151 | 21.77 | 02-09-2026, 23:31 |
| 01-09-2026 | ₹0 | ₹23 | ₹23 | 0.00% | 01-09-2026, 23:34 |
GMP is the premium value of the share in the unofficial market before it opens for subscription.
Pranav Constructions IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares |
| QIBs | Not less than 40% of the net offer |
| NIIs | Not more than 15% of the net offer |
| Retails | Not more than 45% of the net offer |
| Total |
Pranav Constructions IPO Lot Sizes
Investors can refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | 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 IPO Prospectus
Investors can access the offered prospectus for the Pranav Constructions IPO mentioned below.
About Pranav Constructions Ltd.
Pranav Constructions Limited is a Mumbai-based real estate development company with a strong focus on redevelopment projects. The company was originally incorporated as Pranav Constructions Private Limited on 31 July 2003 and is registered and has its corporate office located in Goregaon (West), Mumbai. The company operates primarily in Mumbai’s real estate market and develops residential redevelopment projects. Pranav Constructions is now entering the public markets through an IPO, with its equity shares proposed for listing on the NSE and BSE.
Promoters:
- Pranav Kiran Ashar
- Ravi Ramalingam
| Book Runner | Centrum Broking Ltd. PNB Investment Services Ltd. |
| Issue Registrar | Kfin Technologies Ltd |
Purpose of Pranav Constructions IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Estimated Amount in ₹ Crores |
| Funding redevelopment expenses | 145.72 |
| Repayment of outstanding borrowings | 91.50 |
| General corporate purpose | _ |
| Total | _ |
Pranav Constructions Ltd.- Strengths and benefits
- Established presence in Mumbai redevelopment: Pranav Constructions has built a strong presence in Mumbai’s redevelopment market, particularly across several western suburban micro-markets.
- Experienced in redevelopment projects: With years of experience in the real estate sector, the company has developed expertise in managing redevelopment projects and working with housing societies.
- Strong position in key locations: The company has a notable presence in redevelopment projects in areas such as Malad, Bandra, Santacruz, Andheri, Mahim, Borivali, and Goregaon.
Pranav Constructions Ltd- Risks and limitations
- Heavy dependence on the market: A major part of the company’s business comes from the Mumbai region, making its performance dependent on local real estate demand and market conditions.
- Dependence on suppliers: It highly depends on contractors and suppliers for construction activities. Any disruption or increase in material costs could affect project timelines and profit margin.
- High capital requirements: Redevelopment projects require significant funding, and difficulties in arranging finance could affect the company’s project execution and future growth.
Pranav Constructions IPO Review
The Pranav Constructions IPO is a mainboard book-building IPO issue fixed to open on September 7th, 2026 and close on September 9th, 2026. It is a Mumbai-based real estate developer business focused mainly on residential redevelopment projects. The IPO has a price band of ₹118 to ₹124 per share and a minimum lot size of 120 shares. The company has shown growth in revenue and profit in recent years, but investors should also consider risks such as its dependence on the Mumbai real estate market, high capital requirements, and project execution challenges before investing.
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Pranav Constructions IPO FAQs
The Pranav Constructions IPO is a mainboard book-building issue through which the Mumbai-based real estate developer is offering shares to the public for listing on the NSE and BSE.
Investors can apply through their registered stockbroker or bank using the ASBA and UPI-based IPO application process.
The company has reported growth in revenue and profit, but investors should consider its financial position, IPO valuation, real estate market dependence, and project-related risks before investing.
The Pranav Constructions IPO is scheduled to open on 7 September 2026 and close on 9 September 2026.
The minimum lot size is 120 shares. At the upper price band of ₹124, the minimum investment is ₹14,880.
The tentative date for the Pranav Constructions IPO allotment is 10 September 2026.
The tentative listing date of the Pranav Constructions IPO is 15 September 2026.
