Pranav Constructions
Mumbai-based construction contractor specialising in housing redevelopment and rehabilitation projects.
Last updated 22 Sept 2026, 11:20 pm IST
- Price band
- ₹118 – ₹124
- Lot size
- 120
- Issue size
- ₹351 Cr (₹315.6 Cr fresh + ₹35.4 Cr OFS)
- Opens
- 7 Sept 2026
- Closes
- 9 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹50 (~40.3%) (14 Sep, 8:30 AM; unchanged from 11 Sep)
- Subscription
- 126.34× (final)
- Listing gain
- NSE +33.1% / BSE +30.6% (15 Sep)
- Listing date
- 15 Sept 2026
- Model prediction
- ~+38% expected → Strong Subscribe. Listed +33.1% NSE / +30.6% BSE (15 Sep), closed day 1 at +6.5%; call held.
The Ticker Tales take
Pranav Constructions is a Mumbai builder that specialises in redeveloping old housing societies — knocking down ageing buildings and rehousing the residents in new ones. The ₹351 crore issue was mostly fresh money (₹315.6 crore) going into the business rather than to existing owners, which is the healthier shape for a first-time applicant. Final demand was enormous: the book closed 126.34 times covered, with institutions at 268.54 times, big-ticket investors at 217.73 times and retail at 45.31 times. We expected a strong listing — a pop of around 38%. It opened on 15 September at ₹165 on NSE, up 33.1%, and ₹162 on BSE, up 30.6%, close to our estimate. But it gave almost all of it back through the day to close at ₹132, up just 6.5%. The call on the listing pop was right; the honest caveat is that anyone who did not sell in the first minutes kept very little of it.
More details
- Sector
- Construction / housing redevelopment
- Registrar
- KFin Technologies
- Issue type
- Book-built (₹315.6 Cr fresh + OFS)
- Lead managers
- Centrum Capital, PNB Investment Services
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.