Pranav Constructions Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹118 – ₹124
Lot Size: 120 shares
Min. Investment: ₹14,880
Total Issue Size: ₹351.03 Cr; 2,83,08,481 shares
Fresh Issue: ₹315.6 Cr; 2,54,51,612 shares
Offer for Sale: ₹35.43 Cr; 28,56,869 shares
Face Value: ₹10 per share
Issue Type: Book-built IPO
Listing At: BSE, NSE
Shares Pre-Issue: 8,71,71,170
Shares Post-Issue: 11,26,22,782

Lot Size & Investment

1 lot = 120 shares

Retail (min)

1 lot · 120 shares

Retail (max)

13 lots · 1,560 shares

S-HNI (min)

14 lots · 1,680 shares

Application	Lots	Shares	Amount
Retail	1	120	₹14,880
Small HNI (S-HNI)	14	1,680	₹2,08,320
Big HNI (B-HNI)	68	8,160	₹10,11,840

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Mar-26	Mar-25	Mar-24
Assets	1,799.19	1,246.29	966.8
Total Income	763.93	638.24	449.75
Profit After Tax	71.32	62.25	39.62
EBITDA	130.83	98.54	59.73
Net Worth	246.7	175.59	88.37
Reserves & Surplus	159.52	88.41	84.7
Total Borrowing	258.44	196.5	99.34

Key Performance Indicators

Key performance indicators
Period	Mar-26	Mar-25
RoNW (%)	33.78	47.17
EPS (₹)	—	8.18
P/E (pre-issue)	—	15.16
P/E (post-issue)	—	19.59

About Pranav Constructions Limited

Incorporated in July 2003, Pranav Constructions Limited is a real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) Region, with a predominant focus on the Western Suburbs. The Company was originally incorporated as Pranav Constructions Private Limited and was converted into a public limited company in July 2024. The Company specializes in pure-play redevelopment and undertakes redevelopment projects across residential segments, including Economical, Mid and Mass, and Aspirational homes. As of March 31, 2026, its portfolio comprised 65 redevelopment projects across the MCGM Region, including 28 completed projects, 20 under-construction projects and 17 upcoming projects, with a combined Total Developable Area of approximately 5.01 million square feet. The Company follows an integrated redevelopment model with in-house capabilities across various stages of project execution, including tendering, pre-construction, construction and post-construction activities. Its business model involves entering into redevelopment agreements with co-operative housing societies, supporting a capital-efficient approach to project development. Pranav Constructions has been undertaking redevelopment projects since 2012 and has established a presence in Mumbai's Western Suburbs. As of March 31, 2026, the Company had 198 permanent employees, including whole-time directors, across functions such as construction management, sales and customer relationship management, architecture, legal and compliance, finance, administration and human resources. Competitive Strengths Track record of consistent financial performance. Capital-efficient business model with high barriers to entry. Established customer-centric brand with strong stakeholder management. Demonstrated project execution capabilities supported by in-house functional expertise. Experienced Promoters and professional senior management with corporate governance practices. Among the leading real estate companies in Mumbai's Western Suburbs with a demonstrated growth and strong project pipeline.