Pranav Constructions came to market through an IPO that opened on 7 September 2026 and closed on 9 September 2026, and the shares listed on 15 September 2026 on BSE, NSE. The price band was ₹118 to ₹124 per share and one lot was 120 shares, so the minimum application was ₹14,880. The issue size was ₹351.03 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹165, a gain of 33.1% against the issue price of ₹124. Kfin Technologies Ltd. Reservation Category: Retail : 45% HNI : 15% QIB : 40% was the registrar to the issue, and Centrum Capital Ltd., PNB Investment Services Ltd were the lead managers.
As of 9 September 2026.
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Overall the issue was subscribed 126.34 times.
It was incorporated in the year 2003 as an Indian construction company, Pranav Constructions Limited, into residential, commercial, and infrastructure development projects. Key Services: Residential Projects: Affordable housing, premium apartments, and gated communities. Commercial Projects: Construction of offices, retail centers, and mixed-use projects. Infrastructure Development: Engaged in road construction, bridges, water supply projects, and other works of public infrastructure. Redevelopment Expertise: The company has in-house capabilities to manage the entire redevelopment process, including: Tendering Stage -Bidding for projects.
Pre-Construction Stage – Planning and approvals. Construction Stage: The stage at which a project is executed. Post-construction stage - Final handover and manageme
As described in the offer document.
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Pranav Constructions Limited finalised its anchor investor allocation on September 4, 2026, raising ₹84.25 crore from 14 institutional investors at an anchor price of ₹124 per share. The anchor book comprises 67,94,034 equity shares, with domestic mutual funds receiving 29.08% of the allocation through 2 fund houses across 7 schemes — ITI Mutual Fund and Taurus Mutual Fund. No allocation was made to life insurance companies or pension funds, with the unsubscribed portion redistributed to other anchor investors.
The remaining allocation was led by Goldman Sachs Investments (Mauritius) Limited at 29.67%, followed by The Asio Fund VCC – Sub Fund 4 at 8.90%, Saint Capital Fund at 8.60%, and Abudantia Capital VCC, ASAS Global Fund Incorporated VCC, Ashika India Select Fund, and Rigel Global Fund, each at 5.94%.
Pranav Kiran Ashar, Ravi Ramalingam. Promoter holding 63.35% before the issue and 48.54% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Pranav Constructions IPO was a ₹351.03 crore book-built issue, comprising a fresh issue of ₹315.6 crore and an offer for sale of ₹35.43 crore. It was priced at ₹118–₹124 per share with a lot size of 120 shares (₹14,880). The IPO was open from September 7 to September 9, 2026 and was subscribed 126.34x. Shares listed on BSE and NSE on September 15, 2026 at ₹165, a 33.1% premium to the issue price of ₹124. Kfin Technologies Ltd.
is the registrar. Centrum Capital Ltd. and PNB Investment Services Ltd. are the book running lead managers.
The price band of Pranav Constructions IPO is ₹118 to ₹124 per share.
The lot size of Pranav Constructions IPO is 120 shares.
The minimum investment for Pranav Constructions IPO is approximately ₹14,880 based on the upper price band.
The allotment date of Pranav Constructions IPO is Sep 10, 2026.
No GMP quote could be verified as recorded before Pranav Constructions IPO listed. A grey-market observation of ₹47 per share was recorded on 15 Sep 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹165. GMP is unofficial and does not forecast or guarantee the actual listing price.
Pranav Constructions IPO listed on Sep 15, 2026. It was issued at ₹165.0(NSE) and is currently around ₹92.42 as on 30-Oct-2026 3:30 PM, which is approximately -25.5% versus issue price. The 52-week high is ₹165.10.
You can check Pranav Constructions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Pranav Constructions IPO allotment status on Rupix for quick and easy access.
₹118 to ₹124 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 120 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,880.
₹14,880, for one lot of 120 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 September 2026 and closed on 9 September 2026.
The basis of allotment was published on 10 September 2026 by Kfin Technologies Ltd. Reservation Category: Retail : 45% HNI : 15% QIB : 40%, and allotted shares were credited to demat accounts before listing.
The shares listed on 15 September 2026 on BSE, NSE, opening at ₹165.
The issue size was ₹351.03 crore. The fresh issue was 2,54,51,612 shares (aggregating up to ₹315.6 crore). The offer for sale was 28,56,869 shares (aggregating up to ₹35.43 crore).
It listed at ₹165 against an issue price of ₹124, a gain of 33.1 percent on listing day.