Pranav Constructions is a Mainboard IPO scheduled to open on 07 Sept 2026 and close on 09 Sept 2026, priced at ₹118 – ₹124 per share, minimum lot 120 shares (~₹14,880 for retail). Proposed listing on BSE, NSE on 15 Sept 2026.
About Pranav Constructions
Pranav Constructions works almost entirely in Mumbai's society-redevelopment space, taking on ageing housing colonies and rebuilding them. That process runs through municipal clearances, buying additional floor-space rights, temporarily rehousing residents and finally delivering the new towers, with several more such schemes in the pipeline. The Rs 351 crore offer is mostly fresh equity, around Rs 316 crore, alongside a stake sale by existing holders. The fresh money is set aside for redevelopment outlays such as approvals, added FSI and resident payouts, and for reducing borrowings.
Pranav Constructions IPO Details
| IPO Type | Mainboard |
| Price Band | ₹118 – ₹124 per share |
| Lot Size | 120 shares · ~₹14,880 for retail |
| Grey Market Premium (GMP) | ₹27 (about 21.8% over the cap price) |
| Total Issue Size | ₹351.03 crore |
| Listing At | BSE, NSE |
| Registrar | KFin Technologies Ltd. |
Pranav Constructions IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 07 Sept 2026 |
| IPO Close Date | 09 Sept 2026 |
| Basis of Allotment | 10 Sept 2026 |
| Refund / UPI Mandate Release | 11 Sept 2026 |
| Credit of Shares to Demat | 11 Sept 2026 |
| Listing Date | 15 Sept 2026 |
Pranav Constructions IPO Lot Size & Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 120 | ₹14,880 |
| Retail (max) | 13 | 1,560 | ₹1,93,440 |
| S-HNI | 14 – 67 | 1,680 – 8,040 | ₹2,08,320 – ₹9,96,960 |
| B-HNI (min) | 68 | 8,160 | ₹10,11,840 |
Pranav Constructions IPO Estimated Listing Price
At the current grey market premium of ₹27, Pranav Constructions could list near ₹151 against the upper price of ₹124 — an implied gain of about 21.8%. This is a market estimate only; the real listing price is set by demand on listing day.
Pranav Constructions IPO GMP (Grey Market Premium)
The latest grey market premium for Pranav Constructions is ₹27 (about 21.8% over the cap price). GMP is an unofficial, over-the-counter figure that can change through the day and is not endorsed by SEBI or the exchanges.
Pranav Constructions — 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.
Pranav Constructions — 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.
Pranav Constructions IPO Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Repayment Of Borrowings | 91.5 (28.99%) |
Pranav Constructions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the net offer |
| NII (HNI) | Not less than 15% of the net offer |
| Retail | Not less than 35% of the net offer |
Pranav Constructions IPO Prospectus
Read the offer document: Pranav Constructions DRHP / RHP (PDF).
More on Pranav Constructions IPO
- Pranav Constructions IPO — live GMP, subscription & allotment status
- Pranav Constructions IPO listing gain calculator
- All Mainboard IPOs
- Full IPO list with GMP
Allotment and listing-gain details will be published here once available. This article is for information only and is not investment advice. Read the RHP and consider your own risk profile before investing.
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