Pranav Constructions Limited’s Initial Public Offering to open on Monday, September 07, 2026

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

 

 ·         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 1^st 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 2^nd 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.