IPO Synopsis
| Pranav Constructions Ltd |
|---|
| Registered Office: 1001 10TH FLOOR,DLH PARK NEAR,,Mumbai-400104, Maharashtra |
| Tel. No: +91 22 6276 9939 |
| Fax No: NA |
| Email: compliance.officer@pranavconstructions.com |
| Website: www.pranavconstructions.com |
| Initial public offer of 28,308,481 equity shares of face value of Rs. 10 each ("Equity Shares") of Pranav Constructions Limited (the "Company" or the "Company" or the "Issuer") for cash at a price of Rs. 124 per equity share (including a premium of Rs. 114 per equity share) (the "Offer Price") aggregating to Rs. 351.03 Crores (the "Offer") comprising a fresh issue of 25,451,612 equity shares by the company aggregating to Rs. 315.6 Crores (the "Fresh Issue") and an offer for sale of 2,856,869 equity shares of face value of Rs. 10 each by Biourja India Infra Private Limited aggregating to Rs. 35.43 Crores (such offer for sale of equity shares of face value of Rs. 10 each by the selling shareholder, the "Offer For Sale"). The offer shall constitute 25.14% of the post-offer paid up equity share capital of the company. Price Band: Rs. 124 per equity share of face value of Rs. 10 each. The floor price is 12.40 times the face value of the equity shares. Bids can be made for a minimum of 120 equity shares bearing face value of Rs. 10 each and in multiples of 120 equity shares thereafter. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 07-Sep-2026 | 09-Sep-2026 | ₹124.00 - 0.00 | |
| Minimum Application for shares in Nos : 120.0 | Further Multiples of :120.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 279.79 | Centrum Broking Limited |
| Project Financed through Current Offer | 351.03 | PNB Investment Services Ltd |
| Post Issue Equity Share Capital | 112.62 | |
| Issue Price | 124.00 |
| Projects |
|---|
| Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation, |
| Repayment or pre-payment, in full or in part, of certain of the company outstanding borrowings availed by the comapny |
| Funding acquisition of future redevelopment projects and general corporate purposes |
| Promoted By |
|---|
| Pranav Kiran Ashar |
| Ravi Ramalingam |
| Pranav Ashar Trust |
| Listing At |
|---|
| BSE |
| NSE |
| Registrar To The Issue |
|---|
| KFin Techologies Ltd |
