Pranav Constructions IPO Day 1: Subscription Status, Timeline & Key Issue Details

Pranav Constructions's ₹351.03 crore initial public offering (IPO) opened for public subscription today, August 28, 2026, with a price band of ₹118 to ₹124 per share. As of 10:20 A.M on the first day of bidding, the issue had been subscribed 0.73 times.

The IPO will remain open for subscription until September 9, 2026. The basis of allotment is expected to be finalised on September 10, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 15, 2026.

Pranav Constructions IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹351.03 crore
• Fresh Issue: Up to ₹315.60 crore
• Offer for Sale (OFS): Up to ₹35.43 crore
• Face Value: ₹10 per equity share
• Price Band: ₹118 to ₹124 per share
• Lot Size: 120 shares
• Minimum Investment Amount (Retail Investor): ₹14,880 (120 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Centrum Broking Limited and PNB Investment Services Limited
• Registrar: KFin Technologies Limited

Pranav Constructions IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Pranav Constructions IPO Day 1 Subscription Status

[September 7, 2026, 10:20 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of the company’s Under-construction Redevelopment Projects, and certain of its Upcoming Redevelopment Projects (“Funding Redevelopment Expenses”)
• Repayment and or pre-payment, in full or part, of certain borrowings availed by the company; 
• Funding acquisition of future redevelopment projects
• General corporate purposes.

About Pranav Constructions Limited

Pranav Constructions is a Mumbai-based real estate developer with a strong foothold in the MCGM redevelopment market, particularly in the city's Western Suburbs. The company primarily develops residential projects across the economical, mid and mass, and aspirational housing segments.

As of March 31, 2026, its portfolio comprised 65 redevelopment projects in the MCGM region, including 28 completed, 20 under construction, and 17 upcoming developments, with a total developable area of around 5.01 million sq. ft. The company has completed or is currently executing 34 MCGM redevelopment projects, delivering a total of 1,864 residential units.

Key Financial Highlights 

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