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PRANAV · NSE,BSE · Real Estate
Pranav Constructions IPO listed on 15 Sep 2026 on NSE,BSE at ₹165.00, a gain of 33.06% over the issue price of ₹124.00. The IPO was subscribed 126.34x overall.
Pranav Constructions IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 07 Sep 2026 |
| IPO Close Date | 09 Sep 2026 |
| Basis of Allotment | 10 Sep 2026 |
| Initiation of Refunds | 11 Sep 2026 |
| Credit of Shares to Demat | 11 Sep 2026 |
| Listing Date | 15 Sep 2026 |
Listing day gain
+33.06%
Listed at ₹165 (issue ₹124)
Issue
₹124
Listing
₹165
Current
₹132
+6.45% vs issue
Day range
₹132 – ₹165.1
Issue Size
28,308,481 shares
(aggregating up to ₹351.00 Cr)
Issue Price
₹118 – ₹124
Face Value
₹10/share
Market Lot
120 shares
Retail Min Investment
₹14,880
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
25,451,612 shares
(aggregating up to ₹316 Cr)
Offer for Sale
2,856,869 shares
(aggregating up to ₹10 Cr)
Issue Type
book building
Open Date
07 Sep
Close Date
09 Sep
Allotment
10 Sep
Listing
15 Sep
Last updated: 3 weeks ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 14 Sep 2026 Latest | ₹124 | ₹45 | ₹169 | ₹45 |
36.29%
|
10:06 AM |
| 14 Sep 2026 | ₹124 | ₹45 | ₹169 | ₹45 |
36.29%
|
10:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 09 Sep 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 268.54x |
| NII | 217.73x |
| bNII (bids above ₹10L) | 242.06x |
| sNII (bids below ₹10L) | 169.07x |
| Retail Investors | 45.31x |
| Total | 126.34x |
Showing the latest subscription snapshot.
View full subscription historyPranav Kiran Ashar and Ravi Ramalingam are the promoter of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹14,880 |
| Retail (Max) | 13 | 1,560 | ₹193,440 |
| S-HNI (Min) | 14 | 1,680 | ₹208,320 |
| S-HNI (Max) | 67 | 8,040 | ₹996,960 |
| B-HNI (Min) | 68 | 8,160 | ₹1,011,840 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 11,323,392 (40.00%) |
|
•
Anchor Investor Shares Offered
|
6,794,034 (24.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
4,529,358 (16.00%) |
| NII (HNI) Shares Offered | 4,246,272 (15.00%) |
|
•
bNII > ₹10L
|
2,830,848 (10.00%) |
|
•
sNII < ₹10L
|
1,415,424 (5.00%) |
| Retail Shares Offered | 12,738,817 (45.00%) |
| Total Shares Offered | 28,308,481 (100.00%) |
Pranav Constructions Limited was originally incorporated as Pranav Constructions Private Limited on July 31, 2003, and converted into a public limited company on July 29, 2024. It is headquartered in Mumbai and works in the real estate redevelopment sector.
The company specialises in pure-play redevelopment projects within the Municipal Corporation of Greater Mumbai (MCGM) region, with a predominant focus on the Western Suburbs. It undertakes redevelopment of residential buildings across economical, mid and mass, and aspirational housing segments. The company is led by Pranav Kiran Ashar as Chairman and Managing Director, with Ravi Ramalingam as Whole-time Director.
Revenue rose 20% and profit after tax rose 15% between FY25 and FY26, as per the DRHP. This is a mainboard IPO comprising a fresh issue of equity shares of face value Rs 10 each aggregating up to Rs 392 crore, along with an offer for sale of up to 28,56,869 equity shares by existing shareholders, including BioUrja India Infra and whole-time director Ravi Ramalingam. Net proceeds from the fresh issue are proposed to be used for investment in future redevelopment projects, meeting costs of government and legal approvals, purchase of additional construction rights, payment of rent or compensation to existing occupants during redevelopment, and repayment or prepayment of certain borrowings. The company may also consider a pre-IPO placement of up to Rs 78.4 crore, which would reduce the fresh issue size correspondingly.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 449.75 | 638.24 | 763.93 |
| Profit After Tax (PAT) | 39.62 | 62.25 | 71.32 |
| EBITDA | 59.73 | 98.54 | 130.83 |
| Total Assets | 966.8 | 1,246.29 | 1,799.19 |
| Net Worth | 88.37 | 175.59 | 246.7 |
| Reserves & Surplus | 84.7 | 88.41 | 159.52 |
| Total Borrowing | 99.34 | 196.5 | 258.44 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 47.17% | 33.78% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 24.82% | 24.34% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 47.17% | 33.78% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 9.78% | 9.37% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 15.49% | 17.18% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 1.15x | 1.08x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹8.18 | ₹6.33 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 15.16x | 19.59x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹1,081 Cr | ₹1,397 Cr |
The basis of allotment for Pranav Constructions IPO was finalised on 10 Sep 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Pranav Constructions IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Pranav Constructions IPO is ₹118.00 - ₹124.00 per share.
As per market sources, Pranav Constructions IPO GMP is currently ₹45.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Pranav Constructions IPO stands at 126.34x overall.
The listing date for Pranav Constructions IPO is 15 Sep 2026.
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