Pranav Constructions IPO To Open On 7 September: ₹315.60 Crore Fresh Issue, Other Key Details
Add Preferred News Source
Pranav Constructions is set to enter the primary market with its IPO opening on 7 September. The company plans to use the funds to expand its project pipeline, reduce debt and finance redevelopment activities. Read more.
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) is expected to be announced separately in the next few sessions.
Pranav Constructions IPO: Key Details
Here are the key details of Pranav Constructions Ltd IPO:
IPO Open Date | 7 September 2026 |
IPO Close Date | 9 September 2026 |
Fresh Issue | ₹315.60 crore |
Offer for Sale | 28.56 lakh shares sold by investor BioUrja India Infra |
Anchor Book | 4 September 2026 |
Expected Allotment | 10 September 2026 |
Expected Listing | 15 September 2026 |
Price Band | To be announced |
Centrum Broking and PNB Investment Services are the merchant bankers handling the issue.
Where Will The IPO Money Go?
Pranav Constructions plans to use a large portion of the fresh issue proceeds to support its redevelopment operations. About ₹145.7 crore has been earmarked for redevelopment-related expenses.
The spending will cover government and statutory approvals, the purchase of additional floor space index, and compensation to members for alternative accommodation and hardship.
Another ₹91.5 crore will be used for debt repayment. The remaining proceeds are planned for acquiring future redevelopment projects and general corporate purposes.
Pranav Constructions Financial Performance
The company recorded growth across both revenue and profit in FY26.
Revenue | ₹761.6 crore | ₹636.3 crore | +19.7% |
Profit | ₹71.3 crore | ₹62.3 crore | +14.6% |
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.
The company also had 20 redevelopment projects under construction, covering 1.63 million square feet. Another 17 projects were in the upcoming pipeline, with a combined developable area of 1.96 million square feet.
Also Read - Coal India Share Price Rises As August Coal Supplies Grow 5.5% YoY
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
