Pranav Constructions IPO opens on 7-9 Sept and is a Mainboard issue among the upcoming Indian IPOs. The company aims to raise ₹351 Cr via this future IPO in India with a price range of ₹118 to ₹124 per share.
Pranav Constructions IPO Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹14,880
120 shares at the upper band of ₹124
Fresh issue share
90%
₹316 Cr of the ₹351 Cr issue
Revenue growth
+19.7%
31 Mar 2025 → 31 Mar 2026
Profit growth
+14.6%
PAT ₹62.25 Cr → ₹71.32 Cr
Net profit margin
9.3%
was 9.8% in 31 Mar 2025
Debt to equity
1.08
lower is safer
Return on equity
33.78%
ROE
GMP-implied listing gain
+18.5%
₹23 premium on a ₹124 issue price
Promoter holding
63.35% → 48.54%
diluted by 14.8 percentage points
A retail application for Pranav Constructions needs one lot of 120 shares, which works out to ₹14,880 at the upper band of ₹124. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application.
The issue splits into ₹316 Cr of fresh capital (90%) and ₹35 Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.
Revenue moved from ₹638.24 Cr in 31 Mar 2025 to ₹763.93 Cr in 31 Mar 2026 (+19.7%), while profit after tax went from ₹62.25 Cr to ₹71.32 Cr (+14.6%). Growth in profit broadly tracks growth in revenue.
A grey market premium of ₹23 on the upper band of ₹124 implies a listing gain of roughly 18.5%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
What looks good
- Return on equity of 33.78% is strong for the sector.
What to watch
- Debt to equity of 1.08 means the company carries more debt than equity.
- Promoter holding falls to 48.54% after the issue, below majority control.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
About Pranav Constructions
Incorporated in July 2003, Pranav Constructions Limited is a real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) Region, with a predominant focus on the Western Suburbs. The Company was originally incorporated as Pranav Constructions Private Limited and was converted into a public limited company in July 2024.
The Company specializes in pure-play redevelopment and undertakes redevelopment projects across residential segments, including Economical, Mid and Mass, and Aspirational homes. As of March 31, 2026, its portfolio comprised 65 redevelopment projects across the MCGM Region, including 28 completed projects, 20 under-construction projects and 17 upcoming projects, with a combined Total Developable Area of approximately 5.01 million square feet.
The Company follows an integrated redevelopment model with in-house capabilities across various stages of project execution, including tendering, pre-construction, construction and post-construction activities. Its business model involves entering into redevelopment agreements with co-operative housing societies, supporting a capital-efficient approach to project development.
Pranav Constructions has been undertaking redevelopment projects since 2012 and has established a presence in Mumbai's Western Suburbs.
As of March 31, 2026, the Company had 198 permanent employees, including whole-time directors, across functions such as construction management, sales and customer relationship management, architecture, legal and compliance, finance, administration and human resources.
Track record of consistent financial performance.
Capital-efficient business model with high barriers to entry.
Established customer-centric brand with strong stakeholder management.
Demonstrated project execution capabilities supported by in-house functional expertise.
Experienced Promoters and professional senior management with corporate governance practices.
Among the leading real estate companies in Mumbai's Western Suburbs with a demonstrated growth and strong project pipeline.
Q1. What is Pranav Constructions IPO?
Pranav Constructions IPO is a Mainboard issue among the new IPOs coming in India. The company will raise ₹351 Cr via this upcoming Indian IPO, priced at ₹118 to ₹124 per equity share.
Q2. When will Pranav Constructions IPO open for subscription?
This future IPO opens on 7-9 Sept. Stay updated with all IPOs to come this week and upcoming launches.
Q3. What is Pranav Constructions IPO Investors' Portion?
QIB: 40%, HNI: 15%, Retail: 45%
Q4. What is Pranav Constructions IPO Issue Size?
Total issue size is ₹351 Cr.
Q5. What is Pranav Constructions IPO Price Band?
The price band is ₹118 to ₹124 per equity share.
Q6. What is Pranav Constructions IPO Lot Size?
Minimum bid is 120 shares.
Q7. What is the Pranav Constructions IPO Allotment Date?
The allotment will be finalized on 10 Sep 2026.
Q8. What is the Pranav Constructions IPO Listing Date?
The IPO will list on 15 Sep 2026.
