Pranav Constructions IPO
Pranav Constructions IPO Details
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Open Date
07 Sep 2026
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Close Date
09 Sep 2026
- IPO Price Range
₹ 118 to ₹124
- IPO Size
₹ 351.03 Cr
Pranav Constructions IPO Timeline
Last Updated: 04 September 2026 5:33 AM by 5paisa
Pranav Constructions Limited is a Mumbai-based real estate company specialising in redevelopment projects across the MCGM Region, particularly the Western Suburbs. Its portfolio spans Economical, Mid and Mass, and Aspirational residential segments. As of 31 March 2026, the Company had 65 redevelopment projects covering approximately 5.01 million sq. ft. It follows an integrated redevelopment model, managing activities from tendering and pre-construction through construction and post-construction in-house.
Established in: 2003
Managing Director: Pranav Kiran Ashar
| Metric | Pranav Constructions Limited | Keystone Realtors Limited | Godrej Properties Limited |
|---|---|---|---|
| Face Value | 10 | 10 | 5 |
| Closing Price as on July 23, 2026 (₹) | - | 402.80 | 2042.20 |
| Revenue from Operations | 7615.96 | 26345.40 | 51314.30 |
| EPS (Basic) | 8.18 | 6.25 | 61.43 |
| EPS (Diluted) | 8.18 | 6.21 | 61.42 |
| NAV | 28.30 | 229.29 | 642.58 |
| P/E | - | 64.86 | 33.25 |
| RoNW (%) | 33.78 | 3.34 | 9.97 |
Pranav Constructions Objectives
1) Funding costs towards obtaining government and statutory approvals and purchase of additional FSI and cost towards Compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of the Under-construction Redevelopment Projects, and certain of the Upcoming Redevelopment Projects (Funding Redevelopment Expenses
2) Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
3) Funding acquisition of future redevelopment projects and general corporate purposes.
Pranav Constructions IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹351.03 Cr |
| Offer For Sale | ₹35.43 Cr |
| Fresh Issue | ₹315.60 Cr |
Pranav Constructions IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 120 | 14,160 |
| Retail (Max) | 13 | 1,560 | 1,93,440 |
| S-HNI (Min) | 14 | 1,680 | 1,98,240 |
| S-HNI (Max) | 67 | 8,040 | 9,96,960 |
| B-HNI (Min) | 68 | 8,160 | 9,62,880 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 447.48 | 636.27 | 761.60 |
| EBITDA | 59.73 | 98.54 | 130.83 |
| PAT | 0.89 | 0.98 | 0.94 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 966.80 | 1246.29 | 1799.19 |
| Share Capital | 3.65 | 87.17 | 87.17 |
| Total Liabilities | 878.44 | 1070.70 | 1541.76 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 5.46 | -92.60 | -41.19 |
| Net Cash Generated From / (used in) Investing Activities | 19.78 | -0.74 | -5.31 |
| Net Cash Generated From / (used in) Financing Activities | 0.57 | 94.17 | 24.63 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 25.82 | 0.83 | -21.87 |
Strengths
1) Strong presence across Mumbai’s Western Suburbs redevelopment
2) Integrated in-house capabilities across project execution stages
3) Capital-efficient redevelopment model with housing societies
4) Established portfolio across multiple residential housing segments
Weaknesses
1) Operations remain geographically concentrated within Mumbai region
2) High dependence on residential redevelopment project opportunities
3) Project execution involves lengthy regulatory approval processes
4) Business performance depends heavily on property demand
Opportunities
1) Growing redevelopment potential across ageing Mumbai properties
2) Expansion into emerging MCGM residential micro-markets possible
3) Rising redevelopment supply supports future project opportunities
4) Upcoming portfolio provides scope for business expansion
Threats
1) Intense competition within Mumbai’s redevelopment realty market
2) Regulatory changes may affect redevelopment project timelines
3) Construction cost increases could pressure project margins
4) Property market slowdown may weaken housing demand
1) Established presence across Mumbai’s key redevelopment markets
2) Strong portfolio of completed and upcoming projects
3) Integrated capabilities support efficient end-to-end project execution
4) Capital-efficient model limits upfront land acquisition requirements
Mumbai’s redevelopment market presents opportunities driven by ageing housing stock and redevelopment activity across established residential locations. Pranav Constructions’ focus on the MCGM Region, particularly the Western Suburbs, positions it within an active redevelopment market. Its portfolio of 65 projects, including 17 upcoming developments, provides a visible project pipeline. The company’s integrated execution capabilities and capital-efficient redevelopment model could support expansion across existing and emerging Mumbai micro-markets over time.
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FAQs
Pranav Constructions IPO opens from September 7 , 2026 to September 9, 2026.
The size of Pranav Constructions IPO is approximately ₹ 351.03 crore.
The price band of Pranav Constructions IPO is fixed at ₹118 to ₹124 per share.
To apply for Pranav Constructions IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Pranav Constructions IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 120 shares, requiring an investment of approximately ₹ 14,160.
The share allotment date of Pranav Constructions IPO is September 10, 2026.
The Pranav Constructions IPO will likely be listed on September 15, 2026.
Centrum Capital Ltd is the book-running lead manager.
1) Funding costs towards obtaining government and statutory approvals and purchase of additional FSI and cost towards Compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of the Under-construction Redevelopment Projects, and certain of the Upcoming Redevelopment Projects (Funding Redevelopment Expenses
2) Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
3) Funding acquisition of future redevelopment projects and general corporate purposes.