Pranav Constructions IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 449.75 | 638.24 | 763.93 |
| Expense | 410.65 | 566.16 | 669.99 |
| Profit (PAT) | 39.62 | 62.25 | 71.32 |
| Total Assets | 966.80 | 1,246.29 | 1,799.19 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Keystone Realtors Limited | 6.25 | 64.86 | 3.34 | 229.29 | 2,634.54 Cr |
| Godrej Properties Limited | 61.43 | 33.25 | 9.97 | 642.58 | 5,131.43 Cr |
| Macrotech Developers Limited | 34.34 | 33.48 | 15.71 | 234.55 | 16,676.20 Cr |
| Suraj Estate Developers Ltd | 19.51 | 9.94 | 9.53 | 207.87 | 555.86 Cr |
| Kolte-Patil Developers Limited | -4.51 | - | -3.73 | 135.84 | 734.96 Cr |
| Arkade Developers Limited | 0.29 | 482.59 | 0.60 | 47.51 | 816.40 Cr |
| Kalpataru Limited | 4.76 | 56.64 | 2.45 | 198.04 | 3,435.62 Cr |
Promoters: Pranav Kiran Ashar and Ravi Ramalingam
Strengths & Risks
- Strong grey-market premium — +22% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Revenue grew 20% in the latest reported year.
- Solid profit margin — 9.3%.
- Strong return on equity — 34%.
- Elevated leverage — debt/equity of 1.08.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
| Purpose | Amount (Cr) |
|---|---|
| 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 |
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company. | 91.50 |
| Funding acquisition of future redevelopment projects and general corporate purposes. | - |
Resources & Documents
Pranav Constructions Ltd., Unit No. 1001, 10th Floor, DLH Park,, Near MTNL, S.V. Road,, Goregaon (West),, Mumbai, Maharashtra, 400104
Pranav Constructions has set a price band of Rs 118–Rs 124 per share for an issue size of Rs 351 crore. The Mainboard issue is scheduled to open for subscription on September 07, 2026 — 4 days from now.
The issue is promoted by Pranav Kiran Ashar and Ravi Ramalingam with Centrum Capital Ltd., PNB Investment Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding costs towards obtaining government and statutory approvals and purchase of additional FSI and cost towards Compe… (Rs 146 crore) and Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company. (Rs 92 crore).
Grey market is quoting a premium of +Rs 27 (+21.8% over issue price), up Rs 8 from the previous session.
On fundamentals, the company is posting revenue growth of 19.7%, a profit margin of 9.3%, return on equity of 33.8% in its most recent reported period. Listed peers in this segment include Keystone Realtors Limited (P/E 64.86x) and Godrej Properties Limited (P/E 33.25x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Pranav Constructions IPO GMP — What It Means
The latest grey market premium for Pranav Constructions IPO is ₹27 (+21.8%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Pranav Constructions it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Pranav Constructions GMP history and trend, or learn how grey market premium works and how reliable it is.
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