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Pranav Constructions Ltd. IPO
IPO Timeline
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7 Sep 2026Bidding Starts
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9 Sep 2026Bidding Ends
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10 Sep 2026Allotment Finalization
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15 Sep 2026Listing
About Pranav Constructions Ltd.
We are the leading real estate company, based on the supply of units and number of completed and under construction MCGM - Redevelopment1 projects in the Western Suburbs2, 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 (Source: C&W Report). We are amongst the top redevelopment companies based out of Mumbai predominantly undertaking redevelopment projects in the Western Suburbs focusing on Economical3, Mid and Mass4, and Aspirational5 homes (Source: C&W Report).
We ranked 1st in the MCGM Region6 for having the highest combined supply in MCGM – Redevelopment projects launched between CY21 and Q1 CY26. (Source: C&W Report) We ranked 2nd in the MCGM region for having the highest supply in MCGM Redevelopment projects launched between CY 17 and Q1 CY26 (Source: C&W Report). As of March 31, 2026, our portfolio included 65 Redevelopment Projects7 across the MCGM Region, comprising (i) 28 Completed Redevelopment Projects8, with a combined Total Developable Area9 of 1.42 million square feet, (ii) 20 Under-construction Redevelopment Projects10 with combined Total Developable Area of 1.63 million square feet, and (iii) 17 Upcoming Redevelopment Projects11 with combined Total Developable Area of 1.96 million square feet. Accordingly, we specialise in pure-play Redevelopment12 with operations pre-dominantly focused in the Western Suburbs of the MCGM Region.
Pranav Constructions Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 67,94,036 (24%) |
| Non Institutional Investors | 42,46,272 (15%) |
| Qualified Institutional Buyers (QIBs) | 45,29,357 (16%) |
| Retail Individual Investors (RIIs) | 1,27,38,817 (45%) |
Pranav Constructions Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 638.23 Cr | 62.26 Cr | 88.43 Cr |
| 31 Mar 2024 | 449.74 Cr | 39.63 Cr | 84.72 Cr |
Pranav Constructions Ltd. Background
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2012Launched the first redevelopment project namely ‘Plot 229’ comprising of 30 units in the Goregaon Micro Market of Mumbai Western Suburbs (North Region) spanning a developable area of 16,548 sq. ft.
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2015Launched the first project namely ‘Ashutosh CHSL’ comprising of 20 units in Borivali West spanning a developable area of 18,962 sq. ft.
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2017Entered the Malad Micro Market of Mumbai’s Western Suburbs (North Region) by launching a 3 redevelopment projects namely, Deep (Sunder Lane) CHSL, Rajendra Apartment CHSL & The Malad Rajhans CHSL comprising of 112 units spanning a developable area of 1,03,437 sq. ft.
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2019Received a foreign direct investment amounting to ?450.00 million from RiverCrest India Infrastructure Private Limited.
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2020Launched the first mid-size redevelopment project, namely, Pravesh Co-operative Housing Society Limited comprising of 114 units in the Borivali Micro Market of Mumbai Western Suburbs (North Region) spanning a developable area of 1,49,830 sq. ft.
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2022Launched 10 redevelopment projects comprising of 523 units and spanning a total developable area of 555,467 sq. ft.
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2023Entered the Santacruz Micro Market of Mumbai’s Western Suburbs (South Region) by launching a redevelopment project, namely, Pearl Palace in Santacruz spanning developable area of 82,064 sq.ft.
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2024Total developable area in the portfolio of our Company reached to 18,61,890 sq. ft. spread across 33 Redevelopment Projects comprising of 1,669 Units.
Achieved pre-sales of more than 95% of the Inventory in the Redevelopment Project, namely, Shining Star CHSL within six (6) months of the launch of the project.
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2025Procured a total of 4,54,361 sq. ft. of developable area across six Redevelopment Projects.
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2026Entered the Vile Parle Micro Market of Mumbai’s Western Suburbs (South Region) by launching a redevelopment project, namely, Nirmal Bhavan CHSL, with a developable area of 34,264 sq. ft., and Amarhind CHSL, with a developable area of 67,999 sq. ft.
Entered the Mahim Micro Market of Mumbai’s Central Suburbs (South Region) by launching a redevelopment project, namely, Kirti Mandir CHSL, with a developable area of 93,524 sq. ft.
1. Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of our Under-construction Redevelopment Projects, and certain of our Upcoming Redevelopment Projects (“Funding Redevelopment Expenses”)
2. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company
3. Funding acquisition of future redevelopment projects and general corporate purposes
1. Pranav Kiran Ashar
2. Ravi Ramalingam
INDIA RESIDENTIAL REAL ESTATE OVERVIEW
With a population of approximately 1.46 Bn as of 2025, India, having overtaken China in 2023, remains the world’s most populous country. This large population provides a huge base for India’s real estate sector, especially in tier 1 cities
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FAQs
When does Pranav Constructions Ltd. IPO opens and closes?
Pranav Constructions Ltd. IPO opens from 7th September to 9th September 2026.What is the size of Pranav Constructions Ltd. IPO?
The size of the Pranav Constructions Ltd. IPO is ₹351.03 Cr.What is the price range of Pranav Constructions Ltd. IPO?
The price range of Pranav Constructions Ltd. IPO is at ₹118 to ₹124 per share.What is the minimum investment and lot size required for the Pranav Constructions Ltd. IPO?
The minimum investment required is ₹14,880 and minimum lot size is 120 shares.When is Pranav Constructions Ltd. IPO listing date?
The Pranav Constructions Ltd. IPO will be listed on 15th September 2026.What is the objective of Pranav Constructions Ltd. IPO?
1. Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of our Under-construction Redevelopment Projects, and certain of our Upcoming Redevelopment Projects (“Funding Redevelopment Expenses”)2. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company
3. Funding acquisition of future redevelopment projects and general corporate purposes
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