Pranav Constructions Limited
Promoters Pranav Kiran Ashar · Ravi Ramalingam
Against an issue price of ₹124. Split- and bonus-adjusted official closes — a past move, never a forecast.
Pranav Constructions Limited raised ₹460 crore through a mainboard initial public offer.
The filing places it in Realty and names two promoters: Pranav Kiran Ashar and Ravi Ramalingam.
The book was open from 7 September 2026 to 9 September 2026.
The issue was priced at ₹124 a share, from a band of ₹118 to ₹124.
As of the exchange's 09-Sep-2026 19:00:00 update the book was subscribed 121.0 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 258.71 times, non-institutional investors 208.21 times and retail investors 43.33 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
50.98 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
The shares listed on 15 September 2026.
The last official close on file is ₹111 (17 September 2026), which is 10.4% below the issue price.
It now trades as PRANAV, and its filed financials are on its company page.
Shares sold in the issue at ₹124 last closed at ₹111.16.
See PRANAV’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Registered office
- Western India
- Company website
- https://www.pranavconstructions.com
- Registrar
- KFin Technologies Limited
- Lead managers
- Centrum Broking Limited
- PNB Investment Services Limited
- Bidding opens7 Sept 2026
- Bidding closes9 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing15 Sept 2026
Investors have bid for 121.00 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 121.00x headline above and the two must never be compared or added together.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.13% between ₹118 and ₹124, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
We have not extracted an anchor allotment list for this issue.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment15 Oct 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment14 Dec 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment15 Mar 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment15 Mar 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
Restated figures the issuer is required to publish in its offer document, covering the years before it came to market.
| Line | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Cash flow from financing activities(₹ million) | 5.72 | 941.69 | 246.29 |
| Cash flow from investing activities(₹ million) | 197.84 | -7.42 | -53.08 |
| Cash flow from operating activities(₹ million) | 54.62 | -926.01 | -411.94 |
| EBITDA (₹ million)(₹ million) | 597.27 | 985.38 | 1,308.34 |
| Basic Earning per Equity Share(₹ per share) | 4.66 | 7.22 | 8.18 |
| Diluted Earning per Equity Share(₹ per share) | 4.66 | 7.22 | 8.18 |
| Equity Share capital(₹ million) | 36.51 | 871.71 | 871.71 |
| Net Asset Value per Equity Share (in ₹)(₹ per share) | 10.3 | 20.14 | 28.3 |
| Net worth(₹ million) | 883.65 | 1,755.92 | 2,467.03 |
| Profit after tax for the year(₹ million) | 396.17 | 622.54 | 713.24 |
| Revenue from operations(₹ million) | 4,474.83 | 6,362.72 | 7,615.96 |
| Return on Net Worth (%)(%) | 64.93 | 47.17 | 33.78 |
| Total borrowings(₹ million) | 993.35 | 1,964.97 | 2,584.43 |
Figures as filed by the issuer in its offer document.
What the company says it will do with the money it raises. Only the fresh-issue portion reaches the company; anything raised through an offer for sale goes to the shareholders selling.
- Funding costs towards obtaining government and statutory approvals and purchase of1,457.18₹ million
- Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings915₹ million
- Funding acquisition of future redevelopment projects and general corporate purposes-1₹ million
Figures as filed by the issuer in its offer document.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Arkade Developers Consolidated Limitednot in our universe | 482.6 | — | 0.6% | 0.29 | ₹8,164 cr |
| Godrej Limitednot in our universe | 33.3 | — | 10.0% | 61.43 | ₹51,314 cr |
| Kalpataru Limited Consolidatednot in our universe | 56.6 | — | 2.5% | 4.76 | ₹34,356 cr |
| Keystone Limitednot in our universe | 64.9 | — | 3.3% | 6.25 | ₹26,345 cr |
| Kolte-Patil Developers Consolidated Limitednot in our universe | — | — | -3.7% | -4.51 | ₹7,350 cr |
| Lodha Limitednot in our universe | 33.5 | — | 15.7% | 34.34 | ₹1,66,762 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Centrum Broking Limited 2026 – 2026 | 3 1 measurable | +6.5% | 0 of 1 | 0 of 1 | — |
PNB Investment Services Limited 2023 – 2026 | 3 1 measurable | +6.5% | 1 of 1 | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 124 30 measurable | +7.9% | 8 of 16 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive10 Sept 2026
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· ZIP · exchange archive28 Feb 2025
- Abridged prospectus· PDF · exchange archive1 Sept 2026
- Anchor investor allotment· ZIP · exchange archiveThis document is a scan with no text layer — readable by eye, not by machine.
- Financial ratios advertisement· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.