Pranav Constructions made a strong stock market debut on Tuesday, September 15, 2026, with its shares listing at a 33.06% premium on the NSE. The stock opened at ₹165 apiece on the NSE against its IPO issue price of ₹124 per share. On the BSE, the shares debuted at ₹162 per share, representing a 33.06% premium over the issue price.

The company’s ₹351.03 crore IPO was open for subscription from September 7 to September 9, 2026, and witnessed strong investor interest. The issue was subscribed 121.00 times by the end of the bidding period.

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

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Pranav Constructions IPO Overall Subscription Status

[September 9, 2026, 7:00 PM]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	258.71x
Non-Institutional Investors (NIIs)	208.211x
Retail Individual Investors (RIIs)	43.33x
Total	121.00x

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 segment, particularly in the city's Western Suburbs. The company primarily develops residential projects across the economical, mid-income, mass, and aspirational housing categories.

As of March 31, 2026, Pranav Constructions had a portfolio of 65 redevelopment projects within the MCGM region, including 28 completed, 20 under construction, and 17 upcoming developments. These projects represent a total developable area of around 5.01 million sq. ft., with 34 completed or ongoing MCGM redevelopment projects comprising 1,864 residential 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