Pranav Constructions IPO GMP today is Rs 50. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
PRANAV
Pranav Constructions IPO GMP & Allotment
Pranav Constructions is a pure-play real estate developer based in Mumbai, predominantly undertaking redevelopment projects in the Western Suburbs, focusing on economical, mid-range, mass, and aspirational homes. The company’s core business involves entering into redevelopment agreements with Co-operative Housing Societies to acquire redevelopment rights, followed by the demolition of existing structures and the construction of new premises. It generates revenue primarily through the sale of additional units and constructed area to both the existing members of the housing societies and to new customers. By securing these rights and executing the developments, the company manages the entire project lifecycle and utilizes pre-sales of these units to fund its ongoing working capital requirements during the construction phase.
- IPO Price Band
- ₹118.00 - ₹124.00
- Lot Size
- 120 Shares
- Bidding Closes
- 09 Sept 2026
- Listing Date
- 15 Sept 2026
Current GMP Status
₹50
+40.32% vs upper band
Est. Listing Gain
+30.65%
Last Trend
09 Sept 2026
Listing Price
₹162.00
Retail Entry
₹14,880
IPO Details
Complete IPO information
| IPO Open Date | 07 Sept 2026 |
|---|---|
| IPO Close Date | 09 Sept 2026 |
| IPO Price Band | ₹118.00 - ₹124.00 |
| Lot Size | 120 Shares |
| Current GMP | ₹50 |
| Estimated Listing Gain | +30.65% |
| Issue Size | Approx ₹351.03 Cr |
| Fresh Issue | Approx ₹315.60 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | KFin Technologies Ltd. |
| Overall Subscription | 121x |
| Minimum Investment | ₹14,880 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| Overall Subscription | 8,71,71,170 | 100% | 11,26,22,782 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Pranav Constructions is priced at ₹124 per share. With a minimum lot size of 120 shares, a retail investor applying for one lot would need approximately ₹14,880 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Pranav Constructions stands at ₹50, implying an estimated listing gain of around 40.32% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Pranav Constructions's IPO was subscribed 121x overall, with a category-wise breakdown of Retail 43.32x, QIB 258.71x, NII 208.21x.
Among the strengths highlighted in Pranav Constructions's IPO documents: Leading real estate redeveloper in Mumbai’s Western Suburbs.; Consistent track record of procuring housing society projects..
Investors should also weigh the risk factors Pranav Constructions has disclosed, including: Revenue is highly concentrated in Mumbai’s Western Suburbs..
A share of Pranav Constructions's issue proceeds is earmarked for Repayment Of Borrowings: 91.5 (28.99%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
07 Sept 2026
✓
Bidding Closes
09 Sept 2026
✓
Allotment
10 Sept 2026
✓
Listing
15 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 09 Sept 2026 | ₹44.00 | - | 35.48% |
| 07 Sept 2026 | ₹44.00 | +₹7.00 | 35.48% |
| 06 Sept 2026 | ₹37.00 | - | 29.84% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 120 | ₹14,880 |
| Retail Maximum | 13 Lot | 1,560 | ₹1,93,440 |
| S-HNI Minimum | 14 Lot | 1,680 | ₹2,08,320 |
| S-HNI Maximum | 67 Lot | 8,040 | ₹9,96,960 |
| B-HNI Minimum | 68 Lot | 8,160 | ₹10,11,840 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 91.5 (28.99%)
Issue Notes
Important takeaways before applying
Strengths
- Leading real estate redeveloper in Mumbai’s Western Suburbs.
- Consistent track record of procuring housing society projects.
- Demonstrated history of timely project completion.
- Efficient model utilizing pre-sales for working capital.
- Strong brand recall in key micro-markets.
Risks
- Revenue is highly concentrated in Mumbai’s Western Suburbs.
- Project delays can lead to penalties and compensation costs.
- Highly dependent on limited third-party suppliers and contractors.
- Escalating property prices could reduce affordability and sales.
- Liquidity risks exist if pre-sales or financing decline.
Analysis
Pranav Constructions IPO Reservation
The Pranav Constructions IPO reservation is divided among anchor investors, qualified institutional buyers (QIB), non-institutional investors (NII), and retail investors. Retail investors have the largest reservation at 45% of the offered shares.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 67,94,034 Shares | 24% |
| QIB (Ex. Anchor) | 45,29,358 Shares | 16% |
| NII Shares Offered | 42,46,272 Shares | 15% |
| Retail Shares Offered | 1,27,38,816 Shares | 45% |
Note: The IPO reservation percentages and share quantities are based on the provided Pranav Constructions IPO details and may be updated in the final offer documents.
Analysis
Pranav Constructions IPO Anchor Investors
The Pranav Constructions IPO anchor investors portion was offered ahead of the public issue. A total of 67,94,034 shares were allocated to anchor investors, with the anchor bidding scheduled for September 4, 2026.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 4, 2026 |
| Shares Offered | 67,94,034 Shares |
| Anchor Size | ₹84.25 Cr. |
| Lock-in End Date – 50% Shares (30 Days) | October 10, 2026 |
| Lock-in End Date – 50% Shares (90 Days) | December 9, 2026 |
Note: Anchor investor allocation and lock-in details are based on the provided Pranav Constructions IPO information. The anchor investor list can be viewed in the linked PDF.
Analysis
Pranav Constructions IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 07 Sept 2026 |
| IPO Close Date | 09 Sept 2026 |
| Basis of Allotment | 10 Sept 2026 |
| Refunds | 11 Sept 2026 |
| Credit to Demat Account | 11 Sept 2026 |
| IPO Listing Date | 15 Sept 2026 |
Note: The timeline for Pranav Constructions IPO is tentative and subject to change.
Analysis
Pranav Constructions Promoters and Holding Pattern
The promoters of Pranav Constructions are Pranav Kiran Ashar and Ravi Ramalingam. The promoter holding is expected to reduce after the IPO, while the shareholding of other shareholders increases following the issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 5,52,19,345 | 63.35% | 5,23,62,476 | 46.49% |
| Others* | 3,19,51,825 | 36.65% | 6,02,60,306 | 53.51% |
| Total | 8,71,71,170 | 100% | 11,26,22,782 | 100% |
Note: The holding pattern shows the promoter and promoter group shareholding before and after the IPO. “Others*” represents shareholders other than the promoter and promoter group.
Analysis
Pranav Constructions Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| 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). | ₹145.72 |
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company. | ₹91.50 |
| Funding acquisition of future redevelopment projects and general corporate purposes. | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of Pranav Constructions.
Analysis
Pranav Constructions About Ipo
Pranav Constructions, founded in July 2003, is a real-estate firm that focuses on the redevelopment of old buildings and properties in Mumbai. Rather than building new properties on new land, Pranav Constructions is mainly involved in the redevelopment or renovation of old existing properties into new ones.
It works on different types of housing, including Economical homes, Mid/Mass homes, and Aspirational homes. As of March 2026, the firm had 65 redevelopment projects in the Mumbai MCGM area, of which 28 projects are completed, 20 projects are under construction, and 17 projects are upcoming. The company mostly handles the execution of its redevelopment model itself, from tendering, pre-construction, construction, and post-construction activities.
Analysis
Pranav Constructions Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for Pranav Constructions are in ₹ Crores unless stated otherwise.
Analysis
Pranav Constructions Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 33.78% |
| ROCE | 24.34% |
| EBITDA Margin | 17.18% |
| PAT Margin | 9.37% |
| Debt to Equity Ratio | 1.08 |
| Earning Per Share (EPS) | 8.18 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 33.78% |
| Net Asset Value (NAV) | 28.30 |
Note: Valuation KPIs for Pranav Constructions are computed for FY2026.
Analysis
Pranav Constructions IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for Pranav Constructions are sourced from DRHP filings.
Analysis
Pranav Constructions IPO Lead Managers aka Merchant Bankers
- Centrum Capital Ltd.
- PNB Investment Services Ltd.
Comparison
Compare Pranav Constructions IPO with similar IPOs
FAQ
Pranav Constructions IPO FAQs
Pranav Constructions IPO price band is Rs 118.00 to Rs 124.00. Check the latest issue price, lot size and GMP together before applying.
Pranav Constructions IPO open date is 07 Sept 2026, close date is 09 Sept 2026, and listing date is 15 Sept 2026.
Pranav Constructions IPO lot size is 120 shares. The minimum retail investment is Rs 14,880.
Pranav Constructions is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Pranav Constructions IPO subscription status currently shows Retail 43.32x, QIB 258.71x, NII 208.21x, Overall 121x.
Pranav Constructions is a pure-play real estate developer based in Mumbai, predominantly undertaking redevelopment projects in the Western Suburbs, focusing on economical, mid-range, mass, and aspirational homes. The company’s core business involves entering into redevelopment agreements with Co-operative Housing Societies to acquire redevelopment rights, followed by the demolition of existing structures and the construction of new premises. It generates revenue primarily through the sale of additional units and constructed area to both the existing members of the housing societies and to new customers. By securing these rights and executing the developments, the company manages the entire project lifecycle and utilizes pre-sales of these units to fund its ongoing working capital requirements during the construction phase.
Pranav Constructions IPO issue size is 351.03 and the expected allotment date is 10 Sept 2026.
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