Pranav Constructions IPO Date, Review, Price and Key Information

Pranav Constructions IPO is fully book build issue and it includes both fresh issue and offer for sale. The share offering is a fresh issue worth ₹392 crores and offer for sale upto 2,856,869 shares.

The dates for the Pranav Constructions IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Pranav Constructions IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Pranav Constructions IPO has not been announced yet.

Registrar for this IPO is KFin Technologies Limited and lead managers for Pranav Constructions IPO are Centrum Capital Limited, PNB Investment Services Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	2,856,869 Shares + ₹392 Crores
Fresh Issue	₹392.00 Crores
OFS Issue	2,856,869 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About Pranav Constructions Limited Company

Pranav Constructions Limited is a leading real estate company specializing in MCGM-Redevelopment projects in Mumbai's Western Suburbs. As of December 31, 2024, they hold the top rank for the highest combined supply in MCGM Redevelopment projects launched between CY 21 and CY 24.

With a focus on economical, mid-range, mass, and aspirational homes, Pranav Constructions boasts a portfolio of 58 Redevelopment Projects. This includes 26 completed projects with a total developable area of 12.5 Lakh sq ft, 11 under-construction projects with 10.7 Lakh sq ft, and 21 upcoming projects with a total developable area of 18.7 Lakh sq ft.

Known for timely project completion and strong execution capabilities, Pranav Constructions has cultivated a trusted brand in the Western Suburbs, operating with a capital-efficient business model and in-house expertise covering all stages of redevelopment, from initiation to completion.

Pranav Constructions Limited Financial Details

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1208.39	966.80	702.66	627.83
Revenue	430.59	447.48	355.26	218.79
Profit After Tax	43.05	39.62	20.35	3.61
Net Worth	156.36	88.37	33.66	18.26
Reserves and Surplus	93.29	84.70	30.16	-29.24
Total Borrowing	149.88	99.34	97.69	8.02

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
4.66	64.93%	10.30	1.18	64.93%	28.62%

Offer Objectives

Offer Objects Analysis:

The offer includes a fresh issue of equity shares aggregating up to ₹3,920 million (₹392 crore) and an offer for sale of up to 2,856,869 equity shares. The company will not receive any proceeds from the offer for sale. A pre-IPO placement of up to ₹784 million (₹78.4 crore) may be considered, reducing the fresh issue size if completed.

Use of Net Proceeds: The net proceeds from the fresh issue are proposed to be utilized as follows:

₹2,237.50 million (₹223.75 crore) for funding redevelopment expenses related to government approvals, FSI purchase, and compensation for alternate accommodation in under-construction and upcoming redevelopment projects.
₹740.00 million (₹74 crore) for repayment or pre-payment of certain outstanding company borrowings.
Funding acquisition of future redevelopment projects and general corporate purposes (amount to be finalized). The amounts utilized for funding acquisition of future redevelopment projects and general corporate purposes will not individually exceed 25% of the Gross Proceeds respectively, and will not collectively exceed 35% of the Gross Proceeds.

The schedule for deploying net proceeds is planned for Fiscal 2026 and Fiscal 2027, with a significant portion allocated to funding redevelopment expenses.