Pranav Constructions Limited’s Initial Public Offering to open on Monday, September 07, 2026, Price Band set at ₹ 118/- to ₹ 124/- per Equity Share

 by Shrutee Kate 

Price band of ₹ 118/- to ₹ 124/- per Equity Share bearing face value of ₹ 10/- each (“Equity Shares”)

Bid/Offer Opening Date – Monday, September 07, 2026 and Bid/Offer Closing Date – Wednesday, September 09, 2026

Minimum Bid Lot is 120 Equity Shares and in multiples of 120 Equity Shares thereafter

 Mumbai, September 02, 2026: Pranav Constructions Limited has fixed the price band of ₹ 118/- to ₹ 124/- per Equity Share of face value ₹ 10/- each for its initial public offer.

 The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, September 07, 2026, for subscription and close on Wednesday, September 09, 2026.

 Investors can bid for a minimum of 120 Equity Shares and in multiples of 120 Equity Shares thereafter.

 Equity shares outstanding as on date 87,171,170 Equity Shares of ₹ 10/- each.

 The IPO is a fresh issue of up to ₹ 3,156.00 million and an Offer for sale of up to 2,856,869 Equity Shares of face value ₹ 10/- each by investor selling shareholder - BioUrja India Infra Private Limited.

 Incorporated in 2003, the Company is a leading real estate company, based on the supply of units and number of completed and under construction MCGM - Redevelopment projects in the Western Suburbs, 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). 

The Company is amongst the top redevelopment companies based out of Mumbai predominantly undertaking redevelopment projects in the Western Suburbs focusing on Economical, Mid and Mass, and Aspirational homes (Source: C&W Report).

The Company ranks 1st in the MCGM Region for having the highest combined supply in MCGM – Redevelopment projects launched between CY21 and Q1 CY26 (Source: C&W Report).

The Company ranks 2nd in the MCGM Region for having the highest supply in MCGM Redevelopment projects launched between CY17 and Q1 CY26 (Source: C&W Report). 

As of March 31, 2026, the Company’s portfolio included 65 Redevelopment projects across the MCGM Region, comprising (i) 28 Completed Redevelopment Projects with a combined Total Developable Area of 1.42 million square feet, (ii) 20 Under-construction Redevelopment Projects with combined Total Developable Area of 1.63 million square feet, and (iii) 17 Upcoming Redevelopment Projects with combined Total Developable Area of 1.96 million square feet. 

Accordingly, the Company specializes in pure-play redevelopment with operations pre-dominantly focused in the Western Suburbs of the MCGM Region.

The Company has a proven track record of timely completion of its Completed Redevelopment Projects, with strong execution capabilities and has become a trusted and reliable brand in the Western Suburbs, resulting in strong brand recall (Source: C&W Report). 

As a core aspect of its business, the Company enters into Redevelopment agreements with Co-operative Housing Societies, which enables it to conduct business in a capital efficient manner. 

The Company has adopted an integrated Redevelopment model, with capabilities and in-house resources to execute Redevelopment Projects from initiation to completion. It has developed in-house competencies for every stage of the Redevelopment process comprising: (i) tendering stage, (ii) pre-construction stage, (iii) construction stage, and (iv) post-construction stage. 

The Company’s revenue from operations was ₹ 7615.96 million during FY26 as compared to              ₹ 6362.72 million during FY25. The Company’s net profit was ₹ 713.24 million during FY26 as against ₹ 622.54 million during FY25. The ROCE of Company was 24.34% during FY 26 as compared to 24.83% during FY25

 Centrum Broking Limited (as successor to the merchant banking business of Centrum Capital Limited), and PNB Investment Services Limited are the Book Running Lead Managers, and KFin Technologies Limited is the Registrar of the Offer. The Equity Shares are proposed to be listed on NSE and BSE.