How to Check Pranav Constructions IPO Allotment Status

Pranav Constructions Limited is a Mumbai-focused real estate developer specialising in redevelopment projects, particularly within the Municipal Corporation of Greater Mumbai (MCGM) region and the city's western suburbs. The company undertakes redevelopment across economical, mid and mass, and aspirational housing segments. 

The company manages multiple stages of the redevelopment lifecycle, including project identification, planning, regulatory approvals, stakeholder coordination, construction, sales and project delivery. Its redevelopment-focused model enables it to work with existing housing societies and occupants while creating additional saleable inventory. 

As of March 31, 2026, Pranav Constructions had a portfolio of 65 redevelopment projects with a combined total developable area of approximately 5.01 million sq. ft. This included 28 completed projects, 20 under-construction projects and 17 upcoming projects. 

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The company's operations are highly concentrated in Mumbai. The MCGM region accounted for approximately 99.70% of revenue from operations in FY26, compared with 99.69% in FY25 and 99.50% in FY24. 

Pranav Constructions IPO is a ₹351.03 crore book-built mainboard issue, comprising a fresh issue of approximately ₹315.60 crore and an offer for sale of approximately ₹35.43 crore. The total offer comprises around 2.83 crore equity shares. 

The IPO opened for subscription on September 7, 2026 and closed on September 9, 2026. The basis of allotment was scheduled for September 10, 2026, followed by initiation of refunds and credit of shares on September 11. The shares are scheduled to list on BSE and NSE on September 15, 2026. 

The price band was fixed at ₹118 to ₹124 per share, with a lot size of 120 shares. At the upper price band, the minimum Retail Investor application for one lot amounts to ₹14,880. 

Centrum Capital Limited and PNB Investment Services Limited are the book-running lead managers to the issue, while KFin Technologies Limited is the registrar. 

Registrar: KFin Technologies Limited

BSE: BSE IPO Allotment Status Page

NSE: NSE IPO Allotment Status Page

Pranav Constructions IPO Subscription Status 

Pranav Constructions IPO was subscribed 126.34 times by 5:28 PM on September 9, 2026, based on the supplied closing-day snapshot. At that point, the issue had received bids for approximately 271.80 crore shares against 2.15 crore shares offered to the public, excluding the anchor portion.

The NII category was subscribed 217.73 times on Day 3. NII demand was already relatively high at 11.14 times on the opening day and increased to 45.77 times on Day 2 before crossing 200 times on the final day. 

The Retail category was subscribed 45.31 times in the supplied closing snapshot. Retail subscription increased from 6.14 times on Day 1 to 16.49 times on Day 2 before rising further during the final session. 

Overall subscription increased from 6.03 times on Day 1 to 19.02 times on Day 2, before reaching 126.34 times in the supplied closing-day snapshot. The 5:28 PM data shows bids for 271,80,43,800 shares against 2,15,14,446 shares available to the public. 

Later exchange-linked datasets show different figures. Economic Times and Moneycontrol subsequently reported 121 times overall subscription, with QIB at 258.71 times, NII at 208.21 times and Retail at 43.33 times. The table above retains the 126.34-times snapshot supplied, which is independently reflected by IPO Ji, HDFC SKY and other trackers. 

Pranav Constructions IPO Share Price and Investment Details 

Pranav Constructions IPO price band was fixed at ₹118 to ₹124 per share, with a lot size of 120 shares. At the upper price of ₹124, the minimum Retail Investor application of one lot requires an investment of ₹14,880. 

Retail Investors can apply for up to 13 lots or 1,560 shares, amounting to ₹1,93,440 at the upper price band. The minimum sNII application starts from 14 lots or 1,680 shares, corresponding to an investment of ₹2,08,320. 

The IPO aggregates to approximately ₹351.03 crore, comprising a fresh issue of ₹315.60 crore and an OFS of ₹35.43 crore. The shares are proposed to list on both BSE and NSE. 

The IPO allocation included approximately 1.13 crore shares for QIBs including anchor investors, 42.46 lakh shares for NIIs and 1.27 crore shares for Retail Investors. Prior to the public issue, approximately 67.94 lakh shares were allocated to anchor investors. 

Based on the supplied subscription snapshot, QIBs led demand at 268.54 times, followed by NIIs at 217.73 times and Retail Investors at 45.31 times. Overall subscription stood at 126.34 times. 

Utilisation of IPO Proceeds 

Pranav Constructions proposes to utilise approximately ₹145.71 crore from the fresh issue proceeds towards redevelopment expenses for certain under-construction and upcoming projects. 

These expenses include costs associated with obtaining government and statutory approvals, purchasing additional Floor Space Index (FSI), compensation for alternate accommodation and hardship compensation to members of the relevant redevelopment projects. 

The company also proposes to utilise approximately ₹91.50 crore towards the repayment or prepayment, in full or in part, of certain outstanding borrowings. 

The remaining eligible proceeds are proposed to be utilised towards acquiring future redevelopment projects and general corporate purposes. 

The IPO also includes an OFS of approximately ₹35.43 crore. Proceeds from the OFS will be received by the selling shareholder and will not be available to Pranav Constructions for its redevelopment, debt-repayment or other corporate requirements. 

Business Overview 

Pranav Constructions operates primarily in the Mumbai redevelopment real estate market, undertaking redevelopment of residential properties within the MCGM region. Its housing portfolio spans economical, mid and mass, and aspirational segments. 

The company's redevelopment model involves managing the project lifecycle from planning and statutory approvals to construction and delivery. As of March 31, 2026, its portfolio comprised 65 redevelopment projects, including 28 completed, 20 under-construction and 17 upcoming projects, with approximately 5.01 million sq. ft. of total developable area. 

For three under-construction projects disclosed in its offer documents, initial capital investment represented approximately 9.00% to 13.42% of their respective total sales value. The company stated that in FY26 it sold approximately 64.37% of available inventory within six months of launch and 77.05% within 12 months. 

Revenue from operations increased from ₹447.48 crore in FY24 to ₹636.27 crore in FY25 and ₹761.60 crore in FY26. Total revenue stood at approximately ₹763.93 crore in FY26. 

Profit after tax increased from ₹39.62 crore in FY24 to ₹62.25 crore in FY25 and ₹71.32 crore in FY26. EBITDA increased from ₹59.73 crore in FY24 to ₹98.54 crore in FY25 and ₹130.83 crore in FY26, with the FY26 EBITDA margin at approximately 17.18%. 

Total assets increased from ₹966.80 crore in FY24 to ₹1,799.19 crore in FY26, while borrowings rose from ₹99.34 crore to ₹258.44 crore over the same period. Part of the fresh issue proceeds is therefore earmarked for repayment or prepayment of outstanding debt. 

Key strengths include the company's specialised focus on Mumbai redevelopment, established portfolio of completed and ongoing projects, integrated project execution capabilities and growth in revenue and profitability across FY24-FY26. 

Investors should also consider risks associated with high geographical concentration in Mumbai, dependence on regulatory and statutory approvals, delays in redevelopment projects, stakeholder consent and compensation requirements, rising borrowings, real estate demand and execution of future project acquisitions. The MCGM region generated approximately 99.70% of FY26 operating revenue, highlighting the company's geographic concentration.