Last updated on December 2nd, 2025 at 12:53 am
| Check Pranav Construction filing with SEBI. | Check Pranav Construction IPO allotment |
Pranav Construction Ltd. is based out of Mumbai & is engaged in civil construction and infrastructure development, focusing on executing residential, commercial, and industrial projects. It has built a presence across Mumbai 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.
Through the IPO, Pranav Construction will raise ~₹392 Crore as fresh issue & ~0.2856 crore shares as Offer for Sale.
Subscription date to apply for Pranav Construction Ltd is yet to be announced but is expected in Dec’25.
Price band for the IPO is TBA.
Revenue, PAT, EBITDA of Pranav Construction Ltd
| Year | FY 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% |
Pranav Construction Ltd Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2022 | ₹ 218.8 | ₹ 3.6 | ₹ 627.8 | ₹ 18.3 |
| 2023 | ₹ 355.3 | ₹ 20.3 | ₹ 702.7 | ₹ 33.7 |
| 2024 | ₹ 447.5 | ₹ 39.6 | ₹ 966.8 | ₹ 88.4 |
Pranav Construction Ltd IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 29-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 28-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 27-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 26-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
| 25-Nov | ₹ TBA | ₹ NA | – | ₹ – | ₹ – |
Pranav Construction Ltd IPO Pros & Cons
Strengths:
- Strong presence in Mumbai’s high-demand redevelopment market.
- Robust project pipeline ensuring predictable cash flows.
- Experienced promoters with decades of execution capability.
- Rising housing demand supports long-term growth visibility.
- IPO proceeds strengthen working capital and expansion capacity.
Risks:
- Highly exposed to Mumbai-centric real estate cycles.
- Dependent on municipal approvals causing project delays.
- Competitive redevelopment segment pressures margins.
- High working-capital intensity affects liquidity.
- Regulatory or legal disputes may impact project timelines.
Pranav Construction Ltd: IPO date & invest detail
| IPO Open Date: | Dec 2025 |
| IPO Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| IPO Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
| IPO Category | Mainboard |
| Symbol | |
| Face Value: | Rs. 10 per Equity Share |
| Issue Size: | ₹ 392 crore (fresh issue) + OFS of ~0.2856 crore shares |
| Lot Size: | TBA |
Pranav Construction Ltd IPO Composition & Proceeds
| Fresh Issue: | ~ ₹ 392 Crore |
| Offer for Sale: | ~ 0.2856 Crore Equity Shares |
| Employee reservation | – |
| Price Range | TBA |
| Use of Proceeds: | |
| Borrowing payment | ~ ₹ 74 Cr |
| Redevelopment-related costs | ~ ₹ 223.75 Cr |
| General Corporate Purpose | Balance |
| Technology & Infrastructure | – |
| IPO Listing on: | BSE – NSE |
| Retail Quota: | ≤ 10% |
| QIB Quota: | ≥75% |
| NII Quota: | ≤ 15% |
Pranav Construction Ltd Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Core Offerings of Pranav Construction Ltd
Pranav Constructions specializes in redevelopment projects in Mumbai’s MCGM (municipal) region, particularly in the Western Suburbs.
Pranav Construction Ltd ‘s customer reach/market share
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.
Pranav Construction Ltd Promoters – Pre offer equity (Approx)
| Pranav Kiran Ashar | ~46.46% |
| Ravi Ramalingam | ~16.89% |
Lead Managers / Registrars of Pranav Construction Ltd
| Lead / Book Running Lead Managers | Centrum Capital Ltd, PNB Investment Services Ltd |
| Registrar (RTA) | KFin Technologies Limited |
Founding Year of Pranav Construction Ltd & Managing Director
The company was incorporated in July 2003.
Mr. Pranav Kiran Ashar is the Chairman & Managing Director of Pranav construction.
Pranav Construction Ltd FAQ
Q1. What is the business of Pranav Construction Ltd?
Pranav Construction is a Mumbai-based real estate developer and is specialized in municipal redevelopment, residential, and mixed-use projects. It mainly focuses on high-density urban redevelopment, delivering housing units across premium western suburban area having strong demand.
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 by repaying it, and support future land acquisition and expansion plans in Mumbai’s high-value market.
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 of ~0.2856 Crore shares, and it 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, capital intensive business, competitive redevelopment pressure on margins, and potential legal or land-clearance issues impacting project timelines impacting profit margins.
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.
Q 7. When is the tentative listing date?
The company has filed its DRHP but the exact listing dates are pending approval. Post-SEBI clearance, the issue typically lists 6–9 working days after close of subscription and we can expect this in Dec’25.
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For further information you can visit official website of Pranav Construction