Pranav Constructions IPO To Open On 7 September: ₹315.60 Crore Fresh Issue, Other Key Details

Pranav Constructions Ltd will launch its maiden public issue on 7 September. The company, which focuses on redevelopment projects in Mumbai’s western suburbs, will raise fresh capital while an existing investor will sell part of its holding through an offer for sale (OFS). The price band for the initial public offering (IPO) has been fixed at ₹118–124 per share.

Pranav Constructions IPO: Key Details

Here are the key details of Pranav Constructions Ltd IPO:

Investors can bid for a minimum of 120 shares and in multiples of 120 shares thereafter. The equity shares, which have a face value of ₹10 each, are proposed to be listed on both the BSE and NSE.

Centrum Capital and PNB Investment Services are acting as the book-running lead managers for the issue.

Where Will The IPO Money Go?

About ₹145.7 crore from the fresh issue proceeds will support Pranav Constructions’ redevelopment operations. The spending will cover government and statutory approvals, additional floor space index purchases, and compensation to members for alternative accommodation and hardship.

Another ₹91.5 crore will be used for debt repayment. The company also plans to deploy part of the proceeds towards acquiring future redevelopment projects, with the balance allocated to general corporate purposes.

Pranav Constructions Financial Performance

The company recorded growth across both revenue and profit in FY26.

Revenue grew nearly 20% during the year but profit grew more slowly. That suggests continued business growth, although profitability didn’t grow as fast as the top line.

Pranav Constructions’ Project Pipeline

Pranav Constructions, which focuses on redevelopment projects in Mumbai’s western suburbs, had completed 28 projects with a total developable area of 1.42 million square feet as of March 2026.

Construction was also underway on 20 redevelopment projects, covering 1.63 million square feet. There were 17 more in the upcoming pipeline. Their combined developable area stood at 1.96 million square feet.

That brought the company’s redevelopment portfolio to 65 projects across the MCGM region as of March 2026. It covers a wide range of housing categories, including economical, mid-market, mass and aspirational residential projects.

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