Pranav Constructions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹118 - ₹124
Per ShareLot Size
120 Shares
Minimum Investment
₹14,160
Issue Size
₹351.03 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
45%
QIB Quota
40%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Pranav Constructions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
63.35%
Promoter Holding (Post-Issue)
47.82%
Issue Type
Book Building
ISIN
INE0H4201019
About the Company
We are the leading real estate company, based on the supply of units and number of completed and under construction MCGM - Redevelopment projects in the Western Suburbs, with a total of 1,864 units and 34 MCGM - Redevelopment projects (completed and under construction) whereas other developers have 4 to 11 MCGM - Redevelopment projects, each launched between CY17 - Q1 CY26. We are amongst the top redevelopment companies based out of Mumbai predominantly undertaking redevelopment projects in the Western Suburbs focusing on Economical, Mid and Mass4, and Aspirational5 homes.
Company History
Our Company was originally incorporated as "Pranav Constructions Private Limited", a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated July 31, 2003, issued by the Registrar of Companies, Maharashtra at Mumbai. The name of our Company was subsequently changed to "Pranav Constructions Limited", upon conversion of the Company from a private limited to a public limited company, pursuant to a Board resolution dated June 1, 2024, and a Shareholders resolution dated June 5, 2024, and a fresh certificate of incorporation was issued on July 29, 2024, by the Registrar of Companies, Central Processing Centre.
Growth Strategy
- Continue to focus on Redevelopment and expand in other regions of MCGM.
- Continue to focus on our asset-light business model.
- Upgrade technology to drive operational efficiency and deliver quality Redevelopment Projects to our customers.
- Enhance and leverage the `PCPL' brand.
- Focus on environmental friendly solutions.
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 28,308,481 equity shares of face value of Rs. 10/- each ("Equity Shares") of Pranav Constructions Limited (the "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 124 per equity share (including a premium of Rs. 114 per equity share) (the "Offer Price") aggregating up to Rs. 351.03 Crores (the "Offer") comprising a fresh issue of up to 25,451,612 equity shares by the company aggregating up to Rs. 315.6 Crores (the "Fresh Issue") and an offer for sale of up to 2,856,869 equity shares of face value of Rs.10/- each by Biourja India Infra Private Limited aggregating up to Rs. 35.43 Crores (such offer for sale of equity shares of face value of Rs. 10/- each by the selling shareholder, the "Offer For Sale"). The offer shall constitute [*]% of the post-offer paid up equity share capital of the company. Price Band: Rs. 118 to Rs. 124 per equity share of face value of Rs. 10 each. The floor price is 11.80 times the face value of the equity shares and the cap price is 12.40 times the face value of the equity shares. Bids can be made for a minimum of 120 equity shares bearing face value of Rs. 10 each and in multiples of 120 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Among the leading real estate companies in the Western Suburbs with a demonstrated growth and strong pipeline.
- Demonstrated project execution capabilities with in-house functional expertise.
- Capital efficient business model with high barriers to entry.
- Established a customer-centric brand in the Western Suburbs with robust stakeholder management.
- Track record of consistent financial performance.
- The company's Redevelopment1 activities are geographically concentrated in the MCGM Region2, which has accounted for 99.70%, 99.69% and 99.50% of its revenue from operations for the Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Consequently, the company is exposed to risks from varying market conditions, economic, regulatory and other changes as well as natural disasters in the MCGM Region, which in turn may have an adverse effect on its business, results of operations, cash flows and financial condition.
- An inability to complete the company Under-construction Redevelopment Projects and Upcoming Redevelopment Projects by their respective expected completion dates or at all could have a material adverse effect on its business, reputation, results of operations and financial condition.
- If the company is not able to sell its Redevelopment Projects inventory in a timely manner, it may adversely affect the company's business, results of operations and financial condition.
- The company does not enters into agreements for supply of construction materials for its Redevelopment Projects and depends on a limited number of suppliers for construction materials. As of Fiscal 2026, Fiscal 2025 and Fiscal 2024, the company's top 10 suppliers contributed to 61.78%, 69.80% and 52.50% of the total material costs, respectively. Any increase in prices or interruption in the availability of construction materials could adversely impact its business, results of operations and financial condition.
- The company depends on a limited number of contractors for its business activities and operations. As of Fiscal 2026, Fiscal 2025 and Fiscal 2024, the company's top 10 contractors contributed to 47.10%, 56.41% and 46.92% of the total amount paid to contractors, respectively. Any delay or failures on the part of such contractors to adhere to their obligations could adversely affect its business operations and financial condition.