Pranav Constructions Limited has fixed the price band of ₹ 118/- to ₹ 124/- per Equity Share of face value ₹ 10/- each for its initial public offer. The Company’s Initial Public Offering will open on Monday, September 07, 2026, for subscription and close on Wednesday, September 09, 2026. Investors can bid for a minimum of 120 Equity Shares and in multiples of 120 Equity Shares thereafter. Equity shares outstanding as on date 87,171,170 Equity Shares of ₹ 10/- each.
- Issue Opens: September 7, 2026
- Issue Closes: September 9, 2026
- Face Value: Rs 10
- Price Band: Rs 118 – 124 per share
- Minimum Bid Lot: 120 Equity Shares
- Listing: BSE & NSE
The IPO is a fresh issue of up to ₹ 3,156.00 million and an Offer for sale of up to 2,856,869 Equity Shares of face value ₹ 10/- each by investor selling shareholder – Bio Urja India Infra Private Limited.
Incorporated in 2003, the Company is a 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.
The Company is amongst the top redevelopment companies based out of Mumbai, predominantly undertaking redevelopment projects in the Western Suburbs, focusing on Economical, Mid and Mass, and Aspirational homes. The Company ranks 1st in the MCGM Region for having the highest combined supply of MCGM redevelopment projects launched between CY21 and Q1.
As of March 31, 2026, the Company’s portfolio included 65 Redevelopment projects across the MCGM Region, comprising (i) 28 Completed Redevelopment Projects with a combined Total Developable Area of 1.42 million square feet, (ii) 20 Under-construction Redevelopment Projects with combined Total Developable Area of 1.63 million square feet, and (iii) 17 Upcoming Redevelopment Projects with combined Total Developable Area of 1.96 million square feet.
As a core aspect of its business, the Company enters into Redevelopment agreements with Co-operative Housing Societies, which enables it to conduct business in a capital-efficient manner.
The Company’s revenue from operations was ₹ 7615.96 million during FY26 as compared to ₹ 6362.72 million during FY25. The Company’s net profit was ₹ 713.24 million during FY26, compared to ₹ 622.54 million during FY25. The ROCE of the Company was 24.34% during FY 26 as compared to 24.83% during FY25
The Equity Shares are proposed to be listed on NSE and BSE.
