- Q1. What is the business of Pranav Construction Ltd?Pranav Construction is a Mumbai-based real estate developer specializing in municipal redevelopment, residential, and mixed-use projects. It focuses on high-density urban redevelopment, delivering housing units across premium Western Suburb locations with strong demand visibility.
- Q2. Why is the company raising funds via IPO?The IPO aims to strengthen working capital, accelerate redevelopment project execution, reduce financial dependence on external borrowings, and support future land acquisition and expansion plans in Mumbai’s high-value micro-markets.
- Q3. What is the size of the issue and where will it list?The IPO consists of a fresh issue of ₹392 crore, along with an offer-for-sale component, and will be listed on NSE and BSE, offering wider market participation and liquidity.
- Q4. What are the risks to an investor?Key risks include Mumbai-centric market dependence, regulatory and approval delays, high working-capital needs, competitive redevelopment pressure on margins, and potential legal or land-clearance issues impacting project timelines.
- Q5. What are the potential upsides?Strong presence in a high-demand city, robust portfolio, decades of promoter experience, consistent housing demand, and utilisation of IPO funds to accelerate project delivery create potential value for early investors.
- Q6. How to apply for the IPO?Investors can apply through any broker or bank using ASBA, UPI-enabled apps, or online trading platforms. Simply choose the IPO, enter lot size, approve UPI mandate, and submit.
Pranav Construction IPO
Upcoming
16 July 2026
0
Rating
Pranav Construction Ltd, engaged in civil construction and infrastructure development, focuses on executing residential, commercial, and industrial projects. The company has built a presence through structural works, road construction, land development, and other turnkey civil engineering projects. With its upcoming IPO, Pranav Construction aims to strengthen working capital and expand operational capabilities. The issue provides investors exposure to a growing construction contractor with a diversified project portfolio.
The company was incorporated on 31 July 2003.The Chairman & Managing Director is Pranav Kiran Ashar.
It has developed 1,503 housing units across 27 redevelopment projects in the MCGM region, and it accounted for around 26% of the unit supply among the top 5 redevelopers in CY 2021–2024.
Subscription date to apply for Pranav Construction Ltd starts and closes on TBA. Price band for the IPO is TBA.
Revenue, PAT, EBITDA
|
Year
|
2024
|
|---|---|
|
Networth
|
~ ₹ 88.36 Cr
|
|
Revenue
|
~ ₹ 447.48 Cr
|
|
EBITDA
|
~ ₹ 59.72 Cr
|
|
PAT
|
~ ₹ 39.62 Cr
|
|
EBITDA Margin
|
~13.35%
|
|
PAT Margin
|
~8.85%
|
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
|
#
|
Date
|
|---|---|
|
Open Date
|
TBA
|
|
Close Date
|
TBA
|
|
Anchor Investor Bidding
|
TBA
|
|
Allotment Date
|
TBA
|
|
Refunds& Demat Credit
|
TBA
|
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
|
Purpose
|
Amount
|
|---|---|
|
Borrowing payment
|
~ ₹ 74 Cr
|
|
Redevelopment-related costs
|
~ ₹ 223.75 Cr
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
General Corporate Purpose
|
Balance
|
Financial Data
|
#
|
2022
|
2023
|
2024
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 218.8
|
₹ 355.3
|
₹ 447.5
|
|
PAT (₹ Cr)
|
₹ 3.6
|
₹ 20.3
|
₹ 39.6
|
|
Asset (₹ Cr)
|
₹ 627.8
|
₹ 702.7
|
₹ 966.8
|
|
Net Worth (₹ Cr)
|
₹ 18.3
|
₹ 33.7
|
₹ 88.4
|
IPO Grey Market Premium
|
Date
|
IPO Price
|
IPO GMP
|
Profit Per Lot
|
|---|---|---|---|
|
17-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
16-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
15-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
14-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
13-Jun
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
|
Promoters
|
% Shares
|
|---|---|
|
Pranav Kiran Ashar
|
~46.46%
|
|
Ravi Ramalingam
|
~16.89%
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
Lot Size details
|
Application Type
|
Lot Size
|
No. of Lot
|
No. of Shares
|
Investment Amount
|
|---|---|---|---|---|
|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
|
HNI (Min)
|
-
|
14
|
-
|
₹ –
|
|
HNI (Max)
|
–
|
66
|
-
|
₹ –
|
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
|
ROE
|
00
|
|---|---|
|
ROCE
|
00
|
|
RoNW
|
00
|
