Pranav Constructions IPO Profile
Pranav Constructions Limited is coming up with a Mainboard IPO. The company primarily operates in the Mumbai real estate redevelopment segment and has a strong focus on redevelopment projects in the Western Suburbs of Mumbai.
| Particular | Details |
|---|---|
| IPO Name | Pranav Constructions IPO |
| Company Name | Pranav Constructions Limited |
| IPO Type | Mainboard IPO - Book Built Issue |
| Industry | Real Estate / Redevelopment |
| Face Value | ₹10 per Equity Share |
| Price Band | ₹118 to ₹124 per Share |
| Lot Size | 120 Shares |
| Total Issue Size | Approx. ₹351.03 Crore |
| Fresh Issue | Approx. ₹315.60 Crore |
| Offer for Sale | Approx. ₹35.43 Crore |
| Listing At | BSE & NSE |
| Registrar | KFin Technologies Limited |
Pranav Constructions IPO Details
| IPO Event | Date / Details |
|---|---|
| IPO Open Date | 7 September 2026 |
| IPO Close Date | 9 September 2026 |
| Price Band | ₹118 - ₹124 per share |
| Lot Size | 120 Shares |
| Minimum Retail Investment | ₹14,880 at upper price band |
| Basis of Allotment | Expected 10 September 2026 |
| Refund / Unblocking | Expected 11 September 2026 |
| Credit of Shares to Demat | Expected 11 September 2026 |
| IPO Listing Date | 15 September 2026 |
IPO Timeline
About Pranav Constructions Limited
Pranav Constructions Limited was originally incorporated in July 2003. The company is primarily engaged in real estate redevelopment and focuses predominantly on redevelopment projects in Mumbai's Western Suburbs.
The company specialises in pure-play redevelopment projects across locations including Vile Parle, Santacruz, Juhu, Bandra, Andheri, Goregaon, Ram Mandir, Malad, Kandivali and Borivali.
Its projects are focused on economical, mid and mass, and aspirational residential housing segments.
Project Portfolio
| Project Category | Projects | Approx. Developable Area |
|---|---|---|
| Completed Redevelopment Projects | 28 | 1.42 Million Sq. Ft. |
| Under Construction Projects | 20 | 1.63 Million Sq. Ft. |
| Upcoming Projects | 17 | 1.96 Million Sq. Ft. |
Project figures are based on company information available as of 31 March 2026.
Pranav Constructions Financial Performance
Below are selected restated financial figures of Pranav Constructions Limited.
| Particulars (₹ Cr) | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total Income | ₹449.75 | ₹638.24 | ₹763.93 |
| Revenue from Operations | ₹447.48 | ₹636.27 | ₹761.60 |
| Profit After Tax (PAT) | ₹39.62 | ₹62.25 | ₹71.32 |
| EBITDA | ₹59.73 | ₹98.54 | ₹130.83 |
| Net Worth | ₹88.37 | ₹175.59 | ₹246.70 |
| Total Assets | ₹966.80 | ₹1,246.29 | ₹1,799.19 |
| Total Borrowings | ₹99.34 | ₹196.50 | ₹258.44 |
Financial Analysis
The company's total income increased from ₹449.75 crore in FY2024 to ₹763.93 crore in FY2026. Profit after tax also increased from ₹39.62 crore to ₹71.32 crore during the same period.
Investors should also note that borrowings increased during this period, from ₹99.34 crore in FY2024 to ₹258.44 crore in FY2026.
Objects of the Pranav Constructions IPO
The company proposes to use the net proceeds from the fresh issue for purposes including:
- Funding redevelopment-related expenses, including statutory and government approvals, additional FSI and certain compensation costs associated with selected projects.
- Repayment and/or prepayment of certain outstanding borrowings of the company.
- Funding the acquisition and development of future redevelopment projects.
- General corporate purposes, subject to applicable regulatory limits.
Pranav Constructions IPO Strengths & Risks
Key Strengths
- Established presence in Mumbai's redevelopment real estate market.
- Strong focus on redevelopment projects in Western Suburbs of Mumbai.
- Significant portfolio of completed, under-construction and upcoming projects.
- In-house project execution and redevelopment experience.
- Growing revenue and profitability over the reported financial periods.
- Experience in handling housing society redevelopment projects.
- Established relationships with stakeholders involved in redevelopment projects.
Key Risks
- Significant geographical concentration in Mumbai, particularly the Western Suburbs.
- Delays in government or statutory approvals may affect project execution schedules.
- Increase in construction material and labour costs may affect profitability.
- The company depends on successful redevelopment agreements with housing societies.
- Disputes with societies or project stakeholders may result in delays or termination of projects.
- Real estate demand, interest rates and broader economic conditions may affect sales.
- Borrowings have increased along with the expansion of the business.
Pranav Constructions IPO Allotment Status
Check Pranav Constructions IPO Allotment
The basis of allotment is currently expected to be finalized on 10 September 2026.
KFin Technologies Limited is the registrar to the IPO. After allotment is released, investors can check the status using PAN, application number or Demat details.
Check IPO Allotment Status