Pranav Constructions’ initial public offering (IPO) is set to open for subscription on September 7, 2026. According to the Red Herring Prospectus (RHP), the ₹351.03 crore book-built issue comprises a fresh issue of up to ₹315.60 crore and an offer for sale (OFS) of up to ₹35.43 crore.

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

Event	Date
Subscription Opening Date	7 September 2026
Subscription Closing Date	9 September 2026
Basis of Allotment Date	10 September 2026
Refund Initiation Date	11 September 2026
Credit of Shares	11 September 2026
Listing on BSE and NSE	15 September 2026

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

Explore other Upcoming IPOs on BSE and NSE.

Pranav Constructions IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not less than 40% of the Net Issue
Non-Institutional Investors (NIIs)	Not more than 15% of the Net Issue
Retail Individual Investors (RII)	Not more than 45% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹124 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	120	₹14,880
Retail (Maximum)	13	1,560	₹1,93,440
sNII (Minimum)	14	1,680	₹2,08,320
bNII (Minimum)	68	8,160	₹10,11,840

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 leading real estate developer in Mumbai, with a strong presence in the MCGM redevelopment market, particularly across the Western Suburb. The Company focuses primarily on Economical, Mid and Mass, and Aspirational housing segments.

As of March 31, 2026, the Company had a portfolio of 65 redevelopment projects across the MCGM Region, comprising 28 completed, 20 under-construction and 17 upcoming projects, with a combined Total Developable Area of approximately 5.01 million square feet. With 34 MCGM redevelopment projects completed or under construction and a total of 1,864 units.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	761.60	63.63	44.75
EBITDA	130.83	98.54	59.73
Profit After Tax (PAT)	71.32	62.25	39.62