- POSITIVE
Annual Revenue Pranav Constructions Mar-2026 Annual Revenue is Rs 764 Cr which is growth of 19.7% YoY.
- POSITIVE
Annual Net Profit Pranav Constructions Mar-2026 Annual Net Profit is Rs 71 Cr which is growth of 14.6% YoY.
Pranav Constructions was incorporated on July 31, 2003. The company is a leading real estate developer in Mumbai’s Western Suburbs, specializing in MCGM redevelopment projects. The company has delivered 1,503 units across 27 completed and ongoing projects (Source: C&W Report). It primarily focuses on redevelopment in the Economical, Mid & Mass, and Aspirational housing segments
| Bidding Dates |
|---|
| 07 Sep 2026 - 09 Sep 2026 |
| Subscription |
|---|
| 121x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,160 | 1 | 13 | 120 | 28.3 M | ₹118 - ₹124 | 49.03 % | ₹3,340.4 M - ₹3,510.3 M | RHP DOC |
Pranav Constructions IPO SUBSCRIPTION STATUS
09 Sep '26Total121x
Retail Individual Investor43.33x
HNI (NII) Investors208.21x
Qualified Institutional Buyers258.71x
Pranav Constructions IPO overall subscription rate was 121 times the total available shares
Pranav Constructions IPO retail subscription rate was 43.33 times in the retail segment
Pranav Constructions IPO non-institutional investor subscription rate was 208.21 times in the non-institutional investor category
Pranav Constructions IPO Qualified Institutional Bidder subscription rate was 258.71 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 45% | 15% | 40% |
09 Sep 2026 (Day 3) | 43.33x | 208.21x | 258.71x |
08 Sep 2026 (Day 2) | 15.77x | 43.76x | 1x |
07 Sep 2026 (Day 1) | 5.77x | 10.61x | 0.87x |
Pranav Constructions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 761.6 | 71.3 | -41.2 | -44.1 | 17.2% |
| FY25 | 636.3 | 62.3 | -92.6 | -96.6 | 15.5% |
| FY24 | 447.5 | 39.6 | 5.5 | 4.5 | 13.4% |
Pranav Constructions IPO SUBSCRIPTION STATUS DETAILS
Pranav Constructions had 28.3 M shares on offer
Pranav Constructions IPO offer price was in the range ₹118 - ₹124
Pranav Constructions IPO minimum Investment was ₹14160
Pranav Constructions IPO issue size was ₹ 3,340.4 M - ₹ 3,510.3 M
Pranav Constructions had a minimum lot size of 120 Shares per application
Pranav Constructions NUMBER OF SHARES ON OFFER
Total28.3 M
Fresh Issue25.5 M
Offer for Sale2.9 M
Post Issue Promoter Holding %49.03 %
Pranav Constructions IPO IMPORTANT DATES
| Issue Open Date | 07 Sep 2026 |
| Issue close Date | 09 Sep 2026 |
| Allotment Date | 10 Sep 2026 |
| Refund Date | 11 Sep 2026 |
| Demat Account Credit Date | 11 Sep 2026 |
| Listing Date | 15 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Pranav Constructions Allotment Status | Exchange/ Registrar |
Pranav Constructions IPO subscription opened on 07 Sep 2026, and closed on 09 Sep 2026
IPO allotment for Pranav Constructions was finalized on Thursday, 10 Sep 2026
IPO listing for Pranav Constructions was on NSE and BSE on Tuesday, 15 Sep 2026
Pranav Constructions IPO LISTING GAINS
| Issue Price (adjusted) | 124.0 |
| Listing Open Price | 165.0 |
| Listing Close Price | 132.0 |
| Listing Gain% | 33.1% |
| Current Gain% | -21.6% |
Pranav Constructions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pranav Constructions Ltd. | 97.2 | 1094.8 | 15.3 | 1.1 | 1.4 | 28.9 | 4 | 763.9 | 19.7 | 71.3 | 14.6 | 6.3 | 14.6 |
| DLF Ltd. | 658.4 | 162974.5 | 36.7 | -42.4 | 24.1 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1105.6 | 110492.1 | 26.8 | 0.7 | 6.1 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Phoenix Mills Ltd. | 1930 | 69031.8 | 53.9 | 1.9 | 15.2 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Prestige Estates Projects Ltd. | 1486.1 | 64010.8 | 56.2 | 0.5 | 4.9 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Oberoi Realty Ltd. | 1754.6 | 63797.6 | 24.3 | 0.9 | 10.1 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Pranav Constructions annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 763.9 | 638.2 | 449.7 | ||
Operating Exp. Ann. | 633.1 | 539.7 | 390 | |
Operating Profit Ann. | 128.5 | 96.6 | 57.5 | |
OPM Ann. % | 16.82% | 15.13% | 12.78% | |
| 670 | 566.1 | 410.6 | ||
EBITDA Ann. | 130.8 | 98.6 | 59.7 | |
EBITDA Ann. margin % | 17.13% | 15.44% | 13.28% | |
Interest Ann. | 32.7 | 23.3 | 18 | |
Depr. | 4.2 | 3.2 | 2.7 | |
PBT Ann. | 93.9 | 72.1 | 39.1 | |
Tax Ann. | 22.6 | 9.8 | -0.5 | |
| 71.3 | 62.3 | 39.6 | ||
Net Profit Ann. | 71.3 | 62.3 | 39.6 | |
NPM Ann. % | 9.36% | 9.78% | 8.85% | |
EPS Adj. latest Ann. | 6.3 | 5.5 | 3.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
19.7%
2Y CAGR
30.3%
Net Profit Ann.
1Y CHG
14.4%
2Y CAGR
34.2%
Operating Exp. Ann.
1Y CHG
17.3%
2Y CAGR
27.4%
Pranav Constructions IPO Reports
Pranav Constructions INFORMATION ON IPO ISSUE
About Pranav Constructions
Pranav Constructions was incorporated on July 31, 2003. The company is a leading real estate developer in Mumbai’s Western Suburbs, specializing in MCGM redevelopment projects. The company has delivered 1,503 units across 27 completed and ongoing projects (Source: C&W Report). It primarily focuses on redevelopment in the Economical, Mid & Mass, and Aspirational housing segments
Object of the Issue
- Funding costs towards obtaining government and statutory approvals and purchase of additional FSI and cost towards compensation to members towards alternate accommodation, and hardship compensation
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company
- Funding acquisition of future redevelopment projects and general corporate purposes
Pranav Constructions - PROMOTERS
| Name |
|---|
| Pranav Kiran Ashar |
| Ravi Ramalingam |
Pranav Constructions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pranav Kiran Ashar | Chairman & Managing Director |
| Ravi Ramalingam | Whole-time Director |
| Suneet J Desai | Whole-time Director |
| Ninad N Patkar | Whole-time Director |
| Pritesh Patangia | Non- Executive Director |
| Sreedhar Muppala | Independent Director |
| Gautam Gulabchand Parekh | Independent Director |
| Nihar Niranjan Jambusaria | Independent Director |
| Nina Pradip Kapasi | Independent Director |
| Harish Gopinath Kale | Independent Director |
Pranav Constructions Book Running Lead Manager
Centrum Capital Limited
pcpl.ipo@centrum.co.in
PNB Investment Services Limited
project.9realms@pnbisl.com
Pranav Constructions Registrar to the Offer
KFin Technologies Limited
pcpl.ipo@kfintech.com
Pranav Constructions Strengths
In-house expertise
The company follows an integrated redevelopment model with in-house capabilities to manage projects from initiation to completion. It has developed expertise across all stages, including tendering, pre-construction, construction, and post-construction activities
Strength
Capital efficient business model
The company enters into redevelopment agreements with Co-operative Housing Societies, ensuring capital efficiency and reducing initial financial outlay compared to land acquisition. This approach minimizes title clearance delays and enables a shorter project construction cycle
Strength
Affordable & aspirational housing
The company specializes in constructing Economical, Mid and Mass, and Aspirational homes, with a strong track record of timely project completion. Its execution capabilities have established it as a trusted brand in the Western Suburbs, ensuring strong brand recall
Strength
Pranav Constructions Risks
Risks of delay
Failure to complete under-construction or upcoming redevelopment projects on time or at all could negatively impact the company's business, reputation, financial condition, and operational results
Risk
Delay in raw material supply
The company does not have fixed agreements for construction material supply. Price increases, shortages, or supply disruptions could lead to project delays, cost overruns, and impact business prospects and financial performance
Risk
Penalty risks
The company is liable for penalties under Redevelopment agreements with Co-operative Housing Societies for delays or construction defects. Such penalties could negatively impact business, financial condition, and operational results
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 35.4 crore, of 2,856,869 shares. It also consists of a fresh issue of Rs 315.6 crore.
The promoters of the company are Pranav Kiran Ashar and Ravi Ramalingam.
The category allocation of qualified institutional buyers is 40.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 45.0%.
The price band of the IPO is Rs 118.0 - 124.0.
The IPO application opens on Sep 07, 2026 and closes on Sep 09, 2026.
The minimum lot size for the IPO is 120. The maximum lot size for the IPO is 1560.
For all category investors, the minimum application amount for this IPO is Rs. 14,160.0, the maximum value for this IPO is Rs 193,440.0.
This IPO will be allotted on Sep 10, 2026.
The refund will be credited to your account on Sep 11, 2026.
The allotted shares will be credited to your demat on Sep 11, 2026.
Pranav Constructions Ltd.’s shares listed on the stock exchanges on Sep 15, 2026.