IPO profile
Pranav Constructions Limited
PRANAV · NSE
- Price band
- ₹118 - ₹124
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 120 shares
- Minimum Application
- ₹14,880
- Issue Size
- Rs. 351 Cr
- Face Value
- Not available
- Issue Price
- ₹124
Company Overview
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.
Important Dates
- Open Date
- 7 Sept 2026
- Close Date
- 9 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 15 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 15 Sept 2026
- Actual Listing Price
- ₹165
- Gain/Loss Per Share
- +₹41
- Gain/Loss Per Lot
- +₹4,920
- Listing Gain/Loss %
- +33.06%
- Measured Against
- ₹124
- Lot Size
- 120 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported 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.
Key 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.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.