Pranav Constructions Limited IPO
7 Sept 2026 – 9 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹92.85
- H
- ₹93.88
- L
- ₹89.7
- C
- ₹90.9
15 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹118 – ₹124
- Lot Size
- 120 shares
- Min Investment
- ₹14,880 (1 lot · 120 shares)
- Face Value
- ₹10
- Fresh Issue
- ₹315.6 Cr (to the company)
- Offer for Sale
- 28,56,869 shares (to selling holders)
- Issue Size
- Initial public offer comprising of fresh issue aggregating up to Rs. 3,156 million and offer for sale of up to 2,856,869 equity shares (including Anchor Investor portion of 67,94,034 Equity Shares)
- Registrar
- KFin Technologies Limited ↗
Timetable
GMP History
Latest GMP ₹50 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 14 Sept | ₹50 | +40.3% | +₹5 | ₹174 | |
| 13 Sept | ₹45 | +36.3% | — | ₹169 | |
| 12 Sept | ₹45 | +36.3% | +₹1 | ₹169 | |
| 11 Sept | ₹44 | +35.5% | +₹1 | ₹168 | |
| 10 Sept | ₹43 | +34.7% | +₹3 | ₹167 | |
| 9 Sept | ₹40 | +32.3% | −₹1 | ₹164 | |
| 8 Sept | ₹41 | +33.1% | −₹1.5 | ₹165 | |
| 7 Sept | ₹42.5 | +34.3% | −₹1.5 | ₹166.5 | |
| 6 Sept | ₹44 | +35.5% | +₹3 | ₹168 | |
| 5 Sept | ₹41 | +33.1% | +₹2 | ₹165 | |
| 4 Sept | ₹39 | +31.5% | +₹9 | ₹163 | |
| 3 Sept | ₹30 | +24.2% | — | ₹154 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 47,01,55820.9% | 91,55,42,160 | 194.73x |
| NII / HNI | 44,40,39519.8% | 67,52,13,960 | 152.06x |
| bNII · bids above ₹10L | 29,60,26413.2% | 51,67,29,480 | 174.56x |
| sNII · bids ₹2L–₹10L | 14,80,1316.6% | 15,84,84,480 | 107.07x |
| Retail | 1,33,21,18459.3% | 36,53,02,920 | 27.42x |
Bids received on NSE, as at 09-Sep-2026 19:00:32 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 9 Sept | — | — | — | 87.08x |
| 8 Sept | 1.00x | 43.75x | 15.75x | 18.20x |
| 7 Sept | 0.87x | 10.60x | 5.76x | 5.69x |
Financials
All values in ₹ crore
About Pranav Constructions
Incorporated in 2003, Pranav Constructions Limited is an Indian construction company specializing in residential, commercial, and infrastructure development projects. Key Services: Residential Projects: Develop affordable housing, premium apartments, and gated communities. Commercial Projects: Builds office spaces, retail centers, and mixed-use developments. Infrastructure Development: Engaged in road construction, bridges, water supply projects, and other public infrastructure works. Redevelopment Expertise: The company has in-house capabilities to manage the entire redevelopment process, including: Tendering Stage – Bidding for projects. Pre-Construction Stage – Planning and approvals. Construction Stage – Project execution. Post-Construction Stage – Final handover and management. Market Position & Projects: Leader in MCGM Redevelopment Projects in Mumbai's Western Suburbs (based on units supplied and projects completed/under construction). Completed Redevelopment Projects: 26 projects with a total developable area of 1.25 million sq. ft. Some notable projects include: Gold Coin CHSL, Gala Apartments CHSL, Ramesh Mandir CHSL, New Shalimar Apartments CHSL, Malad Marudhar CHSL, and Tiara CHSL in Malad. Popular Terrace CHSL in Borivali. Under-Construction Redevelopment Projects: 11 projects with 1.07 million sq. ft. of total developable area. Upcoming Redevelopment Projects: 21 projects with 1.87 million sq. ft. of total developable area. Growth & Expansion: Between March 31, 2012, and March 31, 2021, the company procured 27 redevelopment projects with a total developable area of 1.86 million sq. ft. From April 1, 2021, to December 31, 2024, it secured 31 redevelopment projects covering 2.33 million sq. ft. The company had 139 employees as of December 31, 2024.
As published in the company's own offer documents.
Strengths
- Track record of consistent financial performance.
- Capital-efficient business model with high barriers to entry.
- Established customer-centric brand with strong stakeholder management.
- Demonstrated project execution capabilities supported by in-house functional expertise.
- Experienced Promoters and professional senior management with corporate governance practices.
- Among the leading real estate companies in Mumbai's Western Suburbs with a demonstrated growth and strong project pipeline.
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Centrum Broking Limited
- PNB Investment Services Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 120 | ₹14,880 |
| Retail (max)most that stays under ₹2L | 13 | 1,560 | ₹1,93,440 |
| S-HNI (min)first bid over ₹2L | 14 | 1,680 | ₹2,08,320 |
| S-HNI (max)most that stays under ₹10L | 67 | 8,040 | ₹9,96,960 |
| B-HNI (min)first bid over ₹10L | 68 | 8,160 | ₹10,11,840 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 120 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 2,24,63,040 Equity Shares in multiple of 120 Equity Shares (Calculated at Lower Price band)
- Max Bid (NII)
- 1,77,61,560 Equity Shares in multiple of 120 Equity Shares (Calculated at Lower Price band)
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 09-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Kotak Mahindra Bank Limited and HDFC Bank Limited
Registrar
- Name
- KFin Technologies Limited
- Address
- Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda, Serilingampally Hyderabad-500 032, Telangana, India
- Contact
- M Murali Krishna, +91 6716 2222/18003094001, pcpl.ipo@kfintech.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Pranav Constructions Limited IPO today?
The latest grey market premium for Pranav Constructions Limited IPO is ₹50. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Pranav Constructions Limited IPO?
The price band is ₹118 – ₹124, with a lot size of 120 shares. The minimum investment is ₹14,880.
When does Pranav Constructions Limited IPO open and close?
The issue opens on 7 Sept 2026 and closes on 9 Sept 2026. Listing is expected on 15 Sept 2026.
Who is the registrar for Pranav Constructions Limited IPO?
KFin Technologies Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.