Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

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Pranav Constructions Limited

IPO Type:

Mainboard

Status:

Listed

Sector:

Real Estate / Redevelopment Projects (Mumbai)

Exchange:

BSE & NSE

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Pranav Constructions Limited, incorporated July 2003, is a Mumbai-based 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. Also develops residential, commercial and infrastructure projects. Revenue grew 20% YoY to Rs 761.60 Cr in FY26; PAT rose 15% to Rs 71.32 Cr. Promoters: Pranav Kiran Ashar, Ravi Ramalingam. Issue: fresh Rs 315.60 Cr + OFS of 28.57 lakh shares by Bio Urja India Infra Pvt Ltd. Raised Rs 84.25 Cr from anchor investors on Sep 4. Final subscription: 121x overall.

Issue Size (Cr)

351.03

121

x times original subscription

165

Listing Price (₹)

Issue Dates

Sep 7-9

Price Band

₹118 to ₹124

Allotment Date

10 September 2026

Listing Date

15 September 2026

Lot Size

120

QIB (times x)

NII (timex x)

Retail (times x)

Min Investment (₹)

14880

Registrar

Kfin Technologies Ltd

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