Pranav Constructions IPO: Price Band, Dates, Lot Size, Financials

The Pranav Constructions IPO is one of the upcoming mainboard IPOs attracting attention from Indian investors. Mumbai-based Pranav Constructions Limited is entering the primary market with a book-built public issue of approximately ₹351.03 crore. The IPO combines a fresh issue of shares with an Offer for Sale (OFS) and is scheduled to open for subscription on September 7, 2026.

The company operates primarily in Mumbai’s residential redevelopment market, where it focuses on redeveloping existing residential properties and constructing new homes for existing occupants as well as homes for sale. As of March 31, 2026, the company had a portfolio of 65 redevelopment projects, including completed, under-construction and upcoming projects.

Pranav Constructions IPO – Key Details

Particular	Details
Company Name	Pranav Constructions Limited
IPO Type	Mainboard IPO
Issue Type	Book Built Issue
Total Issue Size	₹351.03 crore
Fresh Issue	₹315.60 crore
Offer for Sale	₹35.43 crore
Price Band	₹118 – ₹124 per share
Face Value	₹10 per share
Lot Size	120 shares
Minimum Investment	₹14,880
IPO Opening Date	September 7, 2026
IPO Closing Date	September 9, 2026
Allotment Date	September 10, 2026
Refund/Unblocking	September 11, 2026
Share Credit	September 11, 2026
Tentative Listing Date	September 15, 2026
Proposed Exchanges	NSE and BSE

The price band has been fixed at ₹118 to ₹124 per equity share, while retail investors need to apply for a minimum of 120 shares. At the upper end of the price band, one lot requires an investment of ₹14,880.

What Is Pranav Constructions?

Pranav Constructions Limited is a Mumbai-based real estate developer focused on residential redevelopment projects, particularly in the Municipal Corporation of Greater Mumbai (MCGM) region.

Unlike traditional real estate developers that may depend heavily on acquiring large land parcels, the company’s business model focuses on redevelopment of existing properties. Under this model, old residential structures can be redeveloped into new buildings, creating additional residential and saleable space.

According to available company information, Pranav Constructions had 65 redevelopment projects as of March 31, 2026. These included 28 completed projects, 20 under construction and 17 upcoming projects.

Mumbai’s redevelopment market can provide opportunities because of limited availability of new land in established residential locations. However, redevelopment projects also involve several challenges, including obtaining approvals, managing existing occupants, arranging alternate accommodation and completing construction within planned timelines.

Pranav Constructions IPO Issue Size

The total IPO size is approximately ₹351.03 crore.

The issue consists of:

• Fresh Issue: ₹315.60 crore
• Offer for Sale: ₹35.43 crore

The fresh issue will result in funds being raised by the company, while the OFS component involves the sale of shares by an existing shareholder. According to the available IPO details, approximately 2.83 crore shares are being offered in total.

The fresh issue is particularly important because the proceeds are intended to support the company’s ongoing redevelopment activities and strengthen its financial position.

How Will Pranav Constructions Use IPO Funds?

A significant portion of the fresh issue proceeds is proposed to be used for the development of redevelopment projects.

The company’s stated objectives include funding costs associated with government and statutory approvals, purchasing additional FSI where applicable, and meeting certain compensation and alternate-accommodation-related expenses connected with redevelopment projects.

Another important objective is the repayment or pre-payment of certain outstanding borrowings. The IPO documents indicate an estimated allocation of around ₹145.71 crore toward specified project-related costs and approximately ₹91.50 crore toward repayment or pre-payment of borrowings.

Reducing debt can potentially improve the company’s balance sheet and reduce finance costs, although investors should evaluate the company’s complete financial statements before making an investment decision.

Pranav Constructions IPO Lot Size and Minimum Investment

The IPO lot size has been fixed at 120 shares.

At the lower price band of ₹118, one lot would cost:

120 × ₹118 = ₹14,160

At the upper price band of ₹124, the investment would be:

120 × ₹124 = ₹14,880

Therefore, retail investors applying at the upper price band would need ₹14,880 for one lot, subject to the applicable IPO application and banking rules.

Investors can apply for additional lots in multiples of 120 shares, subject to the applicable investor-category limits.

Pranav Constructions IPO Important Dates

The IPO is scheduled to open on September 7, 2026, and close on September 9, 2026.

The expected timeline is:

IPO Opens: September 7, 2026
IPO Closes: September 9, 2026
Basis of Allotment: September 10, 2026
Refund/Unblocking: September 11, 2026
Shares Credited: September 11, 2026
Tentative Listing: September 15, 2026

The shares are proposed to be listed on both the BSE and NSE.

Pranav Constructions Business Strengths

One of the major attractions of Pranav Constructions is its focus on Mumbai’s redevelopment market.

1. Focused redevelopment business

The company has developed expertise around redevelopment projects rather than operating as a diversified real estate developer across multiple unrelated segments.

2. Large project pipeline

The company reported 65 redevelopment projects as of March 31, 2026, including completed, ongoing and upcoming projects. This provides visibility into its potential future business activity.

3. Mumbai real estate exposure

Mumbai has limited land availability in several established areas. Redevelopment can therefore provide developers with opportunities to create additional housing stock without relying exclusively on acquiring new large land parcels.

4. IPO proceeds for growth and debt reduction

The fresh issue proceeds are expected to support redevelopment-related expenses while also helping the company repay or pre-pay certain borrowings.

Risks Associated With Pranav Constructions IPO

Despite the potential opportunities, investors should also consider the risks.

Redevelopment projects typically involve multiple stakeholders, including existing residents, government authorities, contractors and other parties. Delays in obtaining approvals, securing permissions, arranging alternate accommodation or completing construction can affect project timelines and cash flows.

The company is also concentrated in the Mumbai redevelopment market. While this specialization can be a strength, it also means that changes in local regulations, property-market conditions and redevelopment policies could affect its operations.

Real estate businesses can also require significant working capital and may face fluctuations in construction costs, financing expenses and property demand.

Investors should therefore read the company’s Red Herring Prospectus (RHP) carefully before making an investment decision. The company’s official investor section provides its IPO documents and related filings.

Pranav Constructions IPO GMP

The Grey Market Premium (GMP) is an unofficial indicator and should not be treated as an official measure of IPO performance.

GMP can change rapidly based on market sentiment, subscription demand, broader market conditions and expectations around listing gains. Therefore, investors should avoid making an IPO investment decision solely on the basis of GMP.

The final listing price will ultimately depend on actual demand and market conditions after the shares begin trading on the stock exchanges.

Should You Apply for Pranav Constructions IPO?

Pranav Constructions IPO offers exposure to a specialized Mumbai residential redevelopment business with a sizeable project pipeline. The company is raising fresh capital that is intended partly for redevelopment-related expenses and partly for reducing outstanding borrowings.

At the same time, investors should carefully evaluate the company’s valuation, profitability, debt levels, cash flows, project execution capabilities and risks before applying.

The IPO may be of interest to investors who understand the real estate and redevelopment sector and are comfortable with the associated execution and market risks. However, an IPO should not be considered solely because of its popularity, GMP or expected listing gains.

Conclusion

The Pranav Constructions IPO is scheduled to open from September 7 to September 9, 2026, with a price band of ₹118–₹124 per share and a lot size of 120 shares. The total issue size is approximately ₹351.03 crore, consisting of a ₹315.60 crore fresh issue and a ₹35.43 crore OFS.

The company’s core focus on Mumbai redevelopment, its portfolio of 65 projects and the proposed use of IPO proceeds for project-related expenses and debt reduction are key factors investors may consider.

However, redevelopment is a complex business involving regulatory approvals, resident coordination, construction execution and significant financial requirements. Therefore, investors should study the RHP, financial performance, valuation and risk factors before deciding whether the Pranav Constructions IPO fits their investment objectives.

Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. IPO details, subscription data, GMP and listing information can change. Investors should verify the latest information from official exchange filings and the company’s IPO documents before investing.