Pranav Constructions
CLOSEDIPO Date: 7 Sept - 9 Sept 2026
Listing Date: 15 Sept 2026
Price Range
₹118 to ₹124
Issue Size
351 Cr
Min Investment
₹14,160
Min Application
120 Shares
Schedule of Pranav Constructions
Issue open date
7 Sept 2026
Issue close date
9 Sept 2026
UPI mandate deadline
9 Sept 2026 (5 PM)
Allotment finalization
10 Sept 2026
Share credit
11 Sept 2026
Listing date
15 Sept 2026
Mandate end date
24 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 351 Cr |
| Fresh Issue | 2.55 Cr |
| Offer for Sale | 28.57 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 10 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 9 Sept 2026Latest | ₹124 | ₹40 | ₹164(+32.26%) |
| 8 Sept 2026 | ₹124 | ₹43 | ₹167(+34.68%) |
| 7 Sept 2026 | ₹124 | ₹42 | ₹166(+34.27%) |
| 6 Sept 2026 | ₹124 | ₹44 | ₹168(+35.48%) |
| 5 Sept 2026 | ₹124 | ₹41 | ₹165(+33.06%) |
| 4 Sept 2026 | ₹124 | ₹37 | ₹161(+29.84%) |
| 3 Sept 2026 | ₹124 | ₹31 | ₹155(+25%) |
| 2 Sept 2026 | ₹124 | ₹27 | ₹151(+21.77%) |
| 1 Sept 2026 | ₹124 | ₹0 | ₹124(0%) |
Performance Pranav Constructions
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹118 to ₹124 | .... | .... | .... |
About Pranav Constructions
Pranav Constructions Limited is a Mumbai-based pure-play real estate redevelopment company, primarily focused on redevelopment projects in the Western Suburbs of Mumbai. The company undertakes economical, mid & mass-market, and aspirational residential projects, mainly through redevelopment agreements with cooperative housing societies. Its integrated model covers tendering, approvals, design, construction, sales and post-construction activities, allowing it to manage projects largely through in-house capabilities. The company has been undertaking redevelopment projects since 2012 and has built a strong presence across Mumbai’s Western Suburbs.
| Founded in | 2003 |
| Managing director | Pranav Kiran Ashar |
| Parent organization |
Financial Overview
Strengths
4- 1
Strong redevelopment specialization. Pure-play focus on Mumbai redevelopment gives the company specialized knowledge and an established market position.
- 2
Capital-efficient business model. Redevelopment agreements with housing societies reduce the need for large upfront land-acquisition expenditure.
- 3
Integrated execution capabilities. In-house expertise across tendering, design, construction, legal, finance and sales supports greater control over project execution.
- 4
Established brand and execution track record. The company has completed multiple redevelopment projects and has built strong relationships with housing societies and customers in Mumbai’s Western Suburbs.
Risks
4- 1
Project execution risk. Redevelopment projects can face delays because of approvals, construction issues, society-related matters and regulatory requirements.
- 2
Mumbai market concentration. A significant concentration of projects in Mumbai, particularly the Western Suburbs, exposes the company to local property-market conditions.
- 3
Dependence on sales and collections. Cash flows depend heavily on selling additional residential units and receiving customer payments during project execution.
- 4
Regulatory and approval risk. Changes in development regulations, FSI rules, environmental requirements or approval processes can affect project timelines and profitability.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 268.54 |
| Non-Institutional Investors (NIIs) | 217.73 |
| Retail Individual Investors (RIIs) | 45.31 |
| Employee | N/A |
| Total | 126.34 |