Pranav Constructions IPO
Construction • ₹351cr
Medium risk because:
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹118-124
Lot Size
120 shares
Issue Size
₹351cr
Open
07 Sept 2026
Close
09 Sept 2026
Subscription
120×
GMP +₹44 → est. ₹168
IPO Schedule
| Issue Open Date | 07 Sept 2026 |
| Issue Close Date | 09 Sept 2026 |
| Allotment Date | 10 Sept 2026 |
| Listing Date | 15 Sept 2026 |
About Pranav Constructions
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.
Company Details
Founders / Promoters
Mr Pranav Kiran Ashar
Founded
2003
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Grey Market Premium (GMP)
Issue Price
₹124
GMP
+₹44
Est. Listing
₹168
Est. Gain
+35.5%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
Pranav Constructions — IPOFins Verdict
QuantitativeDriven by QIB demand at 258.7x and moderate disclosed risk (4/10). The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- 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.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
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.
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FAQ
What is the price band of Pranav Constructions IPO?
The price band is ₹118-124 per share with a lot size of 120 shares. Minimum investment: ₹14,880.
What does Pranav Constructions do?
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.
Should I apply for Pranav Constructions IPO?
Pranav Constructions is drawing exceptionally strong interest at 120.2x overall subscription (QIB 258.7x, retail 42.0x) — high retail oversubscription usually means lower allotment odds per application. IPOFins Score 8/10: Driven by QIB demand at 258.7x and moderate disclosed risk (4/10). 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.