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Company Contact Information
Pranav Constructions Ltd
Registered Office: 1001 10TH FLOOR,DLH PARK NEAR, , Mumbai - 400104, Maharashtra
Phone: +91 22 6276 9939
Email: compliance.officer@pranavconstructions.com
Website: www.pranavconstructions.com
Initial public offer of 28,308,481 equity shares of face value of Rs. 10 each ("Equity Shares") of Pranav Constructions Limited (the "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 124 per equity share (including a premium of Rs. 114 per equity share) (the "Offer Price") aggregating to Rs. 351.03 Crores (the "Offer") comprising a fresh issue of 25,451,612 equity shares by the company aggregating to Rs. 315.6 Crores (the "Fresh Issue") and an offer for sale of 2,856,869 equity shares of face value of Rs. 10 each by Biourja India Infra Private Limited aggregating to Rs. 35.43 Crores (such offer for sale of equity shares of face value of Rs. 10 each by the selling shareholder, the "Offer For Sale"). The offer shall constitute 25.14% of the post-offer paid up equity share capital of the company. Price Band: Rs. 124 per equity share of face value of Rs. 10 each. The floor price is 12.40 times the face value of the equity shares. Bids can be made for a minimum of 120 equity shares bearing face value of Rs. 10 each and in multiples of 120 equity shares thereafter.
IPO Details
Issue Money Payable On
Opens On Closes On Application Allotment
07-Sep-2026 09-Sep-2026 ₹ 124.00 ₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 120.0 Further Multiples of : 120.0
(₹)Cr. Lead Managers to the Issue
Project Cost 279.79 Centrum Broking Limited
Project Financed through Current Offer 351.03
Post Issue Equity Share Capital 112.62
Issue Price ₹124.00
Projects
Projects
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,
Repayment or pre-payment, in full or in part, of certain of the company outstanding borrowings availed by the comapny
Funding acquisition of future redevelopment projects and general corporate purposes
Promoted By
Promoted By
Pranav Kiran Ashar
Ravi Ramalingam
Pranav Ashar Trust
Listing At
Listing At
BSE
NSE
Registrar to the Issue
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

73,895.74 315.20 (0.43%)

Nifty

23,140.50 77.40 (0.34%)

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24,507.16 -253.98(-1.03%)