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Latest GMP
- Lead Manager
- Centrum Broking Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 7th Sep 2026
- IPO Close Date
- 9th Sep 2026
- Allotment date
- 10th Sep 2026
- Listing date
- 15th Sep 2026
- Issue Size
- ₹ 351 Cr.
- Issue Price Band
- ₹ 118 to 124
- Lot Size
- 120 Share
- Minimum Investment
- ₹ 14880
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Pranav Constructions Limited
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 Focus
The Company specializes in pure-play redevelopment and undertakes redevelopment projects across residential segments, including Economical, Mid and Mass, and Aspirational homes.
Project Portfolio
As of March 31, 2026, its portfolio comprised 65 redevelopment projects across the MCGM Region, including:
- 28 completed projects
- 20 under-construction projects
- 17 upcoming projects
With a combined Total Developable Area of approximately 5.01 million square feet.
Business 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.
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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 47,01,558 (20.93%) | 1,21,63,22,400 | 258.71 |
| NII | 44,40,395 (19.77%) | 92,45,49,840 | 208.21 |
| bNII (> ₹10L) | 29,60,264 (13.18%) | 68,52,46,320 | 231.48 |
| sNII (< ₹10L) | 14,80,131 (6.59%) | 23,93,03,520 | 161.68 |
| Retail | 1,33,21,184 (59.30%) | 57,71,73,840 | 43.33 |
| Total | 2,24,63,137 (100.00%) | 2,71,80,46,080 | 121.00 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 11-09-2026 | ₹124 | ₹43 | ₹167 ( 34.68% ) | ₹5,160.00 | 11-Sep-2026 12:33 PM |
| 09-09-2026 | ₹124 | ₹45 | ₹169 ( 36.29% ) | ₹5,400.00 | 09-Sep-2026 10:24 AM |
| 08-09-2026 | ₹124 | ₹42.5 | ₹166.5 ( 34.27% ) | ₹5,100.00 | 08-Sep-2026 10:09 AM |
| 07-09-2026 | ₹124 | ₹44 | ₹168 ( 35.48% ) | ₹5,280.00 | 07-Sep-2026 10:24 AM |
| 04-09-2026 | ₹124 | ₹31 | ₹155 ( 25.00% ) | ₹3,720.00 | 04-Sep-2026 10:14 AM |
Financials of Pranav Constructions Limited
A quick overview of the key financial performance of Pranav Constructions Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 20%, Profit after Tax (PAT) increased by 15%, Total Assets increased by 44% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 447.48 | 636.27 | 761.60 |
| Assets | 966.80 | 1,246.29 | 1,799.19 |
| Total Income | 449.75 | 638.24 | 763.93 |
| Profit After Tax | 39.62 | 62.25 | 71.32 |
| EBITDA | 59.73 | 98.54 | 130.83 |
| Net Worth | 88.37 | 175.59 | 246.70 |
| Reserves & Surplus | 84.70 | 88.41 | 159.52 |
| Total Borrowings | 99.34 | 196.50 | 258.44 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 33.78 |
| ROCE (%) | 24.34 |
| Debt / Equity | 1.08 |
| RoNW (%) | 33.78 |
| PAT Margin (%) | 9.37 |
| EBITDA Margin (%) | 17.18 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
8.18
6.63
|
| P/E (x) |
15.16
19.59
|
| Promoter Holding (%) |
63.35
-
|
| Market Cap | 1081 |
IPO Lead Manager(s)
Lead Manager Details
- Centrum Broking Limited
- Contact Person: Sooraj Bhatia / Tarun Parmani
- SEBI Registration Number: INM000013420
- Investor Grievance Email: investor.grievances@centrum.co.in
- Website: https://www.centrumbroking.com
- Email: pcpl.ipo@centrum.co.in
- Phone: +91 22 4215 9000
- Address: Level 9, Centrum House, C.S.T. Road, Vidyanagari Marg, Kalina, Santacruz (East), Mumbai - 400 098, Maharashtra, India
Lead Manager Details
- PNB Investment Services Limited
- Contact Person: Taher Engineer / Omkar Nage
- SEBI Registration Number: INM000011617
- Investor Grievance Email: complaints@pnbisl.com
- Website: https://www.pnbisl.com
- Email: project.9realms@pnbisl.com
- Phone: +91 22 6917 4200
- Address: PNB Pragati Towers, 2nd Floor, Plot No. C-9, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- pcpl.ipo@kfintech.com
- Phone
- +91 40 6716 2222 / 18003094001
- Contact Person
- M Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad 500032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Pranav Constructions Limited
- Phone
- +91 22 6276 9939
- Contact Person
- Ritu Jain
- Corporate Identity Number
- U70101MH2003PLC141547
- Address
- Unit No. 1001, 10th Floor, DLH Park, Near MTNL, S.V. Road, Goregaon (West), Mumbai - 400 104, Maharashtra, India
Pranav Constructions Limited FAQs
