Pranav Constructions IPO
Closed MainboardAlready have an account? Apply now
Pranav Constructions IPO details
Schedule of Pranav Constructions
| Issue open date | 07 Sep 2026 |
| Issue close date | 09 Sep 2026 |
| UPI mandate deadline | 09 Sep 2026 (5 PM) |
| Allotment finalization | 10 Sep 2026 |
| Refund initiation | 11 Sep 2026 |
| Share credit | 11 Sep 2026 |
| Listing date | 15 Sep 2026 |
| Mandate end date | 24 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 09 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 08 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Pranav Constructions
Pranav Constructions is a pure-play real estate developer based in Mumbai, predominantly undertaking redevelopment projects in the Western Suburbs, focusing on economical, mid-range, mass, and aspirational homes. The company’s core business involves entering into redevelopment agreements with Co-operative Housing Societies to acquire redevelopment rights, followed by the demolition of existing structures and the construction of new premises. It generates revenue primarily through the sale of additional units and constructed area to both the existing members of the housing societies and to new customers. By securing these rights and executing the developments, the company manages the entire project lifecycle and utilizes pre-sales of these units to fund its ongoing working capital requirements during the construction phase.
Financials of Pranav Constructions
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 351.03 |
| Fresh Issue – Proceeds go to the company | 315.6 |
| Offer for sale – Proceeds go to the existing investors | 35.43 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Approvals, FSI, and displacement compensation | 145.72 (46.17%) |
| Repayment of company borrowings |
91.5 (28.99%) |
| Future acquisitions and general corporate purposes | 78.38 (24.84%) |
Strengths
- Leading real estate redeveloper in Mumbai’s Western Suburbs.
- Consistent track record of procuring housing society projects.
- Demonstrated history of timely project completion.
- Efficient model utilizing pre-sales for working capital.
- Strong brand recall in key micro-markets.
Risks
- Revenue is highly concentrated in Mumbai’s Western Suburbs.
- Project delays can lead to penalties and compensation costs.
- Highly dependent on limited third-party suppliers and contractors.
- Escalating property prices could reduce affordability and sales.
- Liquidity risks exist if pre-sales or financing decline.
Allotment Status for Pranav Constructions
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Pranav Constructions
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 09, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 47.02 | 12163.22 | 258.71x |
| NII | 44.40 | 9245.45 | 208.21x |
| Retail | 133.21 | 5771.01 | 43.32x |
| Total | 224.63 | 27179.69 | 121x |