Pranav Constructions Limited
PRANAV • BSE, NSE
Issue details
Price band
₹118 - ₹124
Lot size
120 shares
Issue size
₹278.54 Cr
Min. investment
₹14,880
Registrar
KFin Technologies
Subscription
85.57x
Grey market premium
Est. gain+₹37 · 30%
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IPO Timeline
Open
7 Sep
Close
9 Sep
Allotment
10 Sep
Listing
15 Sep
- Refunds & demat credit
- 11 Sep 2026
- Mandate end
- 24 Sep 2026
- Anchor lock-in 50%
- 10 Oct 2026
- Anchor lock-in 100%
- 9 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 120shares 1 lot · ₹14,880 | 1,560shares 13 lots · ₹1,93,440 |
| sNII (₹2L–₹10L) | 1,680shares 14 lots · ₹2,08,320 | 8,040shares 67 lots · ₹9,96,960 |
| bNII (above ₹10L) | 8,160shares 68 lots · ₹10,11,840 | No limit funds permitting |
Based on the upper price band of ₹124 and a lot of 120 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| QIB | 47,01,558 | 91,53,15,000 | 194.68x |
| NII | 44,40,395 | 66,94,47,000 | 150.76x |
| sNII (₹2L–₹10L) | 29,60,264 | 51,47,11,200 | 173.87x |
| bNII (above ₹10L) | 14,80,131 | 15,47,35,800 | 104.54x |
| Retail (IND) | 1,33,21,184 | 33,73,87,320 | 25.33x |
| Total | 2,24,63,137 | 1,92,21,49,320 | 85.57x |
Last updated 3 minutes ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹316 Cr
2,54,51,612 shares
Offer for sale
₹35 Cr
28,56,869 shares
Shares pre-issue
8,71,71,170
Shares post-issue
11,26,22,782
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 8.18 | 6.33 |
| P/E | 15.16 | 19.59 |
| Market cap | ₹1,081Cr. | ₹1,396.52 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 33.78% | 47.17% |
| ROCE | 24.34% | 24.83% |
| Debt/Equity | 1.08 | 1.15 |
| RoNW | 33.78% | 47.17% |
| PAT Margin | 9.37% | 9.78% |
| EBITDA Margin | 17.18% | 15.49% |
| NAV | 28.30 | — |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 763.93 | 638.24 | 449.75 |
| Profit after tax | 71.32 | 62.25 | 39.62 |
| EBITDA | 130.83 | 98.54 | 59.73 |
| Net worth | 246.7 | 175.59 | 88.37 |
| Assets | 1,799.19 | 1,246.29 | 966.8 |
| Reserves & surplus | 159.52 | 88.41 | 84.7 |
| Total borrowing | 258.44 | 196.5 | 99.34 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.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, in relation to the development of certain of the Under-construction Redevelopment Projects, and certain of the Upcoming Redevelopment Projects (Funding Redevelopment Expenses₹145.72 Cr
- 2.Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company₹91.5 Cr
- 3.Funding acquisition of future redevelopment projects and general corporate purposes.—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Horizon Industrial Parks Ltd.Mainboard | ₹60 | -72.29 | ₹58.16 | -3.07% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 3 Sep 2026. Always verify against the RHP before applying.