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Pranav Constructions IPO details The IPO comprises a fresh issue of up to Rs 315.6 crore and an offer for sale of up to 28,56,869 equity shares by the investor selling shareholder, BioUrja India Infra Private Ltd. Since the issue includes a fresh issue, part of the IPO proceeds will go to the company. The offer-for-sale portion will go to the selling shareholder. The company had 8,71,71,170 equity shares outstanding as of the date of the announcement. About Pranav Constructions Incorporated in 2003, Pranav Constructions is a Mumbai-based real estate company focused mainly on redevelopment projects in the Municipal Corporation of Greater Mumbai region, especially in the Western Suburbs. The company is among the leading redevelopment players in Mumbai’s Western Suburbs, with a focus on economical, mid and mass, and aspirational homes, according to the C&W Report cited by the company. Pranav Constructions ranked first in the MCGM region for the highest combined supply in MCGM redevelopment projects launched between CY21 and Q1 CY26. It also ranked second in the MCGM region for the highest supply in MCGM redevelopment projects launched between CY17 and Q1 CY26, according to the report. Also Read: IPO GMP Today Live Updates | Deepa Jewellers IPO Day 2: GMP at 25%, Issue Fully Subscribed; Purple Style Labs IPO 80% Subscribed so far As of March 2026, the company’s portfolio included 65 redevelopment projects across the MCGM region. This included 28 completed redevelopment projects with a total developable area of 1.42 million sq ft, 20 under-construction redevelopment projects with a total developable area of 1.63 million sq ft, and 17 upcoming redevelopment projects with a total developable area of 1.96 million sq ft. The company said it specialises in pure-play redevelopment and operates mainly in the Western Suburbs of Mumbai. As part of its business model, Pranav Constructions enters into redevelopment agreements with co-operative housing societies. This helps it run its business in a capital-efficient manner, as redevelopment projects generally involve unlocking value from existing residential societies rather than acquiring large land parcels outright. Financial details Pranav Constructions reported revenue from operations of Rs 762 crore in FY26, compared with Rs 636 crore in FY25. Net profit rose to Rs 71 crore in FY26 from Rs 62 crore in FY25. The company’s return on capital employed stood at 24.34% in FY26, compared with 24.83% in FY25. Centrum Broking and PNB Investment Services are the book-running lead managers to the issue. KFin Technologies is the registrar. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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