Pranav Constructions IPO
Construction • ₹351.03 Cr
Medium risk because:
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹124
Lot Size
120 shares
Issue Size
₹351.03 Cr
Open
07 Sept 2026
Close
09 Sept 2026
Subscription
120×
IPO Schedule
| Issue Open Date | 07 Sept 2026 |
| Issue Close Date | 09 Sept 2026 |
| Allotment Date | 10 Sept 2026 |
| Listing Date | 14 Sept 2026 |
About Pranav Constructions
Pranav Constructions is a Mumbai-based real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) region. The company focuses on redeveloping existing residential properties by demolishing older structures and constructing new premises for existing occupants and homes for sale. Its projects cater to the economical, mid- and mass, and aspirational housing segments. As of March 31, 2026, its portfolio comprised 65 redevelopment projects, including 28 completed projects, 20 under-construction projects, and 17 upcoming projects. These projects had a combined total developable area of approximately 5.01 million square feet. The company predominantly operates in the western suburbs of Mumbai, including Vile Parle, Santacruz, Juhu, Andheri, Jogeshwari, Goregaon, Malad, Kandivali, Borivali, and Dahisar. Pranav Constructions follows an integrated redevelopment model and handles activities across tendering, pre-construction, construction, and post-construction stages. It began undertaking redevelopment projects in 2012. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: 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 under-construction and certain upcoming redevelopment projects — Rs 145.72 crore Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the company — Rs 91.5 crore Funding acquisition of future redevelopment projects and general corporate purposes.
Company Details
Founders / Promoters
Mr Pranav Kiran Ashar
Founded
2003
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Pranav Constructions — IPOFins Verdict
QuantitativeDriven by QIB demand at 258.7x and moderate disclosed risk (5/10), Pranav Constructions listed at a premium of 33.1% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- According to the C&W Report commissioned for the prospectus, Pranav Constructions ranked first in the MCGM region by combined supply in redevelopment projects launched between CY21 and Q1 CY26. It ran
- The company had an 11% market share in Malad in terms of supply from MCGM redevelopment projects launched between CY21 and Q1 CY26. It also had an approximately 9% share each in Bandra West and Santac
- The company had an average project construction cycle of 26 months from the date of the first commencement certificate to the grant of the occupation certificate for its completed redevelopment projec
- Pranav Constructions enters into redevelopment agreements with cooperative housing societies rather than acquiring land outright, which can reduce upfront capital requirements and land acquisition cos
- The company stated that it achieved average sales of up to 48.60% of available inventory within the first six months of project launches and up to 68.27% within the first 12 months. In FY26 specifical
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹124
Listing Price
₹165
Listing Gain/Loss
+33.06%
Listing Date
14 Sept 2026
Price Since Listing
Returns are measured against the ₹124 issue price.
Listing
₹165
+33.1%
1 Week
₹105.25
-15.1%
Current
₹101.39
-18.2%
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FAQ
What is the price band of Pranav Constructions IPO?
The price band is ₹124 per share with a lot size of 120 shares. Minimum investment: ₹14,880.
What does Pranav Constructions do?
Pranav Constructions is a Mumbai-based real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) region. The company focuses on redeveloping existing residential properties by demolishing older structures and constructing new premises for existing occupants and homes for sale. Its projects cater to the economical, mid- and mass, and aspirational housing segments. As of March 31, 2026, its portfolio comprised 65 redevelopment projects, including 28 completed projects, 20 under-construction projects, and 17 upcoming projects. These projects had a combined total developable area of approximately 5.01 million square feet. The company predominantly operates in the western suburbs of Mumbai, including Vile Parle, Santacruz, Juhu, Andheri, Jogeshwari, Goregaon, Malad, Kandivali, Borivali, and Dahisar. Pranav Constructions follows an integrated redevelopment model and handles activities across tendering, pre-construction, construction, and post-construction stages. It began undertaking redevelopment projects in 2012. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: 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 under-construction and certain upcoming redevelopment projects — Rs 145.72 crore Repayment or pre-payment, in full or in part, of certain of the outstanding borrowings availed by the company — Rs 91.5 crore Funding acquisition of future redevelopment projects and general corporate purposes.
Should I apply for Pranav Constructions IPO?
Pranav Constructions listed at ₹165 (+33.1% premium to the ₹124 issue price) after 120.2x subscription. IPOFins Score 9/10: Driven by QIB demand at 258.7x and moderate disclosed risk (5/10), Pranav Constructions listed at a premium of 33.1% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Pranav Constructions?
Pranav Constructions was founded by Mr Pranav Kiran Ashar in 2003.