Pranav Constructions IPO open date is September 7, 2026 and the IPO will close on September 9, 2026. Pranav Constructions IPO is a Book build Issue. The company to raise around ₹351.03 crores via IPO that comprises fresh issue of ₹316 crores and offer for sale up to 28,56,869 equity shares with face value of ₹10 each.
Pranav Constructions IPO price band is ₹118 to ₹124 per share. The retail quota is 45%, QIB is 40%, and HNI is 15%. Pranav Constructions IPO to list on BSE, NSE on September 15, 2026. The allotment of Pranav Constructions IPO GMP date is September 10, 2026.
The company reported revenue of ₹763.93 crores in 2026 against ₹638.24 crores in 2025. The company reported profit of ₹71.32 crores in 2026 against profit of ₹62.25 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
Last updated on 07-Sep-2026
| Subscription Details (No. of Shares) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| QIBs | 4529358 | 4084320 | 0.9 |
| HNIs | 4246272 | 47342880 | 11.15 |
| HNIs 10+ | 2830848 | 27179760 | 9.6 |
| HNIs 2+ | 1415424 | 20163120 | 14.25 |
| Retail | 12738816 | 78594360 | 6.17 |
| Total | 21514446 | 130021560 | 6.04 |
| Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1685 | 2785 | 1.65 |
| HNIs (2-10L) | 843 | 11469 | 13.6 |
| Retail | 106157 | 577239 | 5.44 |
Total Applications: 591493
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Applied | Times |
| QIBs | 56.16 | 50.65 | 0.9 |
| FIIs | - | 25 | - |
| DIIs | - | 0.04 | - |
| Mutual funds | - | 5 | - |
| Others | - | 20.6 | - |
| HNIs | 52.65 | 587.05 | 11.15 |
| HNIs 10+ | 35.1 | 337.03 | 9.6 |
| HNIs 2+ | 17.55 | 250.02 | 14.25 |
| Retail | 157.96 | 974.57 | 6.17 |
| Total | 266.78 | 1612.27 | 6.04 |
| 7% | 8% | 9% | 10% | 11% | 12% |
|---|---|---|---|---|---|
| ₹0.1 | ₹0.2 | ₹0.2 | ₹0.2 | ₹0.2 | ₹0.3 |
Lot Size & Investment
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 120 | 14880 | 106157 |
| sHNI | 14 | 1680 | 208320 | 843 |
| bHNI | 68 | 8160 | 1011840 | 1685 |
Share Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 28308480 | 100% |
| Anchor | 6794034 | 24% |
| QIB | 4529358 | 16% |
| HNI | 4246272 | 15% |
| Retail | 12738816 | 45% |
About the Company
IPO Details
| Total Issue Size | 2,83,08,480 shares (aggregating up to ₹351.03 Cr) |
| Fresh Issue | 25,451,612 shares (aggregating up to ₹315.6 Cr) |
| Offer For Sale | 2,856,869 of shares (aggregating up to ₹35.42 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE,NSE |
| Share Holding Pre Issue | 87,171,170 Equity Shares |
| Share Holding Post Issue | 11,26,22,782 Equity Shares |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 33.78% | 47.17% | 64.93% |
| EPS (BASIC) | 8.18 | 7.22 | 4.66 |
| P/E PRE IPO | 15.16 | ||
| P/E POST IPO | 19.59 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 1,799.19 | 1,246.28 | 966.80 |
| Total Income | 763.92 | 638.24 | 449.75 |
| Profit After Tax | 71.32 | 62.24 | 39.61 |
| EBITDA | 130.83 | 98.53 | 59.72 |
| NET Worth | 246.70 | 175.59 | 88.36 |
| Reserves and Surplus | 159.52 | 88.41 | 84.7 |
| Total Borrowing | 258.44 | 196.49 | 99.33 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Pranav Constructions Limited | 15.16 | 124.00 | 10 |
| Keystone Realtors Limited | 64.86 | 402.8 | 10 |
| Godrej Properties Limited | 33.25 | 2,042.20 | 5 |
| Lodha Developers Limited | 33.48 | 1,146.60 | 10 |
| Suraj Estate Developers Limited | 9.94 | 193.95 | 5 |
| Kolte-Patil Developers Limited | - | 388.65 | 10 |
| Arkade Developers Limited | 482.59 | 139.95 | 10 |
| Kalpataru Limited | 56.64 | 269.6 | 10 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Pranav Constructions Limited | 28.3 | 33.78% | 8.18 |
| Keystone Realtors Limited | 229.29 | 3.34% | 6.25 |
| Godrej Properties Limited | 642.58 | 9.97% | 61.43 |
| Lodha Developers Limited | 234.55 | 15.71% | 34.34 |
| Suraj Estate Developers Limited | 207.87 | 9.53% | 19.51 |
| Kolte-Patil Developers Limited | 135.84 | -3.73% | -4.51 |
| Arkade Developers Limited | 47.51 | 0.60% | 0.29 |
| Kalpataru Limited | 198.04 | 2.45% | 4.76 |
About Company
Pranav Constructions Limited, formerly known as Pranav Constructions Private Limited, is a Mumbai-based real estate company focused on pure-play redevelopment projects, primarily in the western suburbs of Mumbai. The company undertakes redevelopment projects across economical, mid and mass, and aspirational housing segments.
The company is currently present across Vile Parle, Santacruz, Juhu, Bandra, Andheri, Goregaon, Ram Mandir, Malad, Kandivali, and Borivali. Its redevelopment approach focuses on understanding homeowners' requirements and developing projects that are functional, attractive, and aligned with market demand.
The company manages various stages of the redevelopment process, including business development, architecture and design, legal and regulatory compliance, construction management, and sales and marketing. It also focuses on obtaining necessary municipal approvals and ensuring RERA compliance while keeping homeowners informed throughout the redevelopment process.
Pranav Constructions has established a track record of timely completion of its completed redevelopment projects and has built a reputation in the western suburbs through its execution capabilities and customer-centric approach.
The company is supported by a management team with experience across operations, design and development, finance, marketing, sales, engineering, legal, human resources, and business development. It also focuses on environmentally sustainable construction practices and is pursuing green building certification for its projects.
Strengths
Consistent Financial Performance: The company has demonstrated a track record of consistent financial performance, supporting its operations and growth in the redevelopment segment.
Capital-Efficient Business Model: Pranav Constructions operates a capital-efficient business model within the redevelopment sector, which has high barriers to entry. Its specialised pure-play redevelopment approach supports its positioning in the Mumbai market.
Customer-Centric Brand: The company has developed an established customer-centric brand with strong stakeholder management. Its track record of timely project completion and focus on homeowner communication has contributed to its brand recall in Mumbai's western suburbs.
Risk Factors
Geographical Concentration: The company's redevelopment activities are geographically concentrated in the MCGM Region, which accounted for 99.70%, 99.69%, and 99.50% of revenue from operations in Fiscals 2026, 2025, and 2024, respectively. Adverse market, economic, regulatory, or other developments in the region could negatively affect its business and financial performance.
Project Completion Risk: The company's business depends on completing its under-construction and upcoming redevelopment projects within their expected timelines. Any inability to complete these projects on time or at all could materially affect its business, reputation, results of operations, and financial condition.
Inventory Sales Risk: The company may be adversely affected if it is unable to sell inventory from its redevelopment projects in a timely manner. Delays in selling such inventory could negatively impact its business, results of operations, and financial condition.