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Pranav Constructions Limited

Uncategorized · NSE & BSE · Lists in 5 days

Pranav Constructions is a pure-play real estate developer based in Mumbai, predominantly undertaking redevelopment projects in the Western Suburbs, focusing on economical, mid-range, mass, and aspirational homes. The company’s core business involves entering into redevelopment agreements with Co-operative Housing Societies to acquire redevelopment rights, followed by the demolition of existing structures and the construction of new premises. It generates revenue primarily through the sale of additional units and constructed area to both the existing members of the housing societies and to new customers. By securing these rights and executing the developments, the company manages the entire project lifecycle and utilizes pre-sales of these units to fund its ongoing working capital requirements during the construction phase.

Grey market premium

₹44+35.5%₹2
Estimated listing
₹168
Expected gain
+35.5%
Kostak
Subject to Sauda

Updated 10 Sept 2026, 10:08 am IST

Issue details

Price band
₹118 – ₹124 per share
Lot size
120 shares
Minimum application
1 lot · ₹14,880
Retail maximum
13 lots · ₹1,93,440
Issue size
₹351 cr
Bidding days
3 · 7 Sept to 9 Sept
Listing at
NSE, BSE

Documents

DRHP and RHP links appear here once connected to a live document source. Always read the red herring prospectus on sebi.gov.in or the exchange website before applying.

Grey market premium

Unofficial per-share premium quoted by grey market dealers. Estimated listing price = upper band + GMP.

Compare with other IPOs
013253851Opens3 Sept: ₹30.564 Sept: ₹33.95 Sept: ₹39.036 Sept: ₹41.727 Sept: ₹443 Sept4 Sept5 Sept6 Sept7 Sept
Day-wise grey market premium per share. Dashed markers show issue open and close.

What the quote means for one application

A minimum application of 1 lot (120 shares) costs ₹14,880. At today's grey market quote it would be worth about ₹20,160 on listing, an indicative gain of ₹5,280 before costs and tax, and only if you are allotted.

Arithmetic from the latest quote, not a forecast. Grey market quotes are unofficial and frequently wrong; see the accuracy tracker on the GMP page.

DateGMPEst. listing
7 Sept₹44₹168
6 Sept₹42₹166
5 Sept₹39₹163
4 Sept₹34₹158
3 Sept₹31₹155

Grey market premium, Kostak and Subject-to-Sauda rates are unofficial, unregulated indications collected from market sources. They are not endorsed by SEBI, NSE or BSE and are no guarantee of the listing price. IPOKhazana does not deal in, facilitate or recommend grey market transactions.

Subscription

Times subscribed per category, cumulative by day. QIB figures exclude the anchor portion.

  • QIB
    0.45×
  • bNII
    6.04×
  • sNII
    9.49×
  • NII
    7.19×
  • Retail
    4.70×
  • Total
    4.30×

As of day 1 · 7 Sept. Bars use a log scale; amber marks categories still under 1×.

DayQIBbNIIsNIINIIRetailTotal
Day 1 7 Sept0.45×6.04×9.49×7.19×4.70×4.30×

Overall 4.30× as of day 1. Retail bids are capped at ₹2 lakh per PAN; oversubscribed retail and sNII portions are allotted by lottery.

Key dates

Under SEBI's T+3 timeline: allotment on T+1, refunds and demat credit on T+2, listing on T+3, where T is the closing day.

  1. Issue opens

    Mon, 7 Sept, 2026

  2. Issue closes

    Wed, 9 Sept, 2026

  3. Basis of allotment

    Thu, 10 Sept, 2026

  4. Refunds / unblock

    Fri, 11 Sept, 2026

  5. Credit to demat

    Fri, 11 Sept, 2026

  6. Listing

    Tue, 15 Sept, 2026

Allotment

Basis of allotment is due on Thu, 10 Sept, 2026. Check with the registrar using your PAN, application number or DP/client ID.

Check your status

Registrar details for this issue haven't been indexed yet.

  • Status also appears on BSE's application-status page and in your broker app.
  • Unallotted funds are unblocked by Fri, 11 Sept, 2026.
  • Allotted shares are credited to demat by Fri, 11 Sept, 2026.

Estimate your odds

Chance of at least one lot

21%

Subscribed 4.70×. Allotment is by lottery at one lot per winner, so roughly one in 5 applicants gets shares. Extra lots do not improve the odds in this category.

Illustrative estimate from published subscription figures. The registrar's basis of allotment is the only authoritative source.

Reviews from third-party research

Attributed summaries of published research. IPOKhazana does not issue its own subscribe or avoid calls.

No published research has been indexed for this issue yet. Reviews usually appear a day or two before the issue opens.

Opinions belong to the named source. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

PRANAV IPO: common questions

What is the PRANAV IPO price band and lot size?

The price band is ₹118 to ₹124 per share with a lot size of 120 shares. The minimum application is 1 lot, or ₹14,880 at the upper band.

What are the PRANAV IPO dates?

The issue opens on Mon, 7 Sept, 2026 and closes on Wed, 9 Sept, 2026. Basis of allotment is expected on Thu, 10 Sept, 2026, refunds and demat credit by Fri, 11 Sept, 2026, and listing on Tue, 15 Sept, 2026 on NSE and BSE.

What is the PRANAV IPO GMP today?

The latest grey market premium is ₹44 per share (7 Sept), implying an estimated listing price of about ₹168 and an expected gain of +35.5% over the upper band. GMP is unofficial and unregulated and is not a forecast of the listing price.

How do I check PRANAV IPO allotment status?

Allotment is finalised around Thu, 10 Sept, 2026. Check with the issue's registrar using your PAN, application number or DP/client ID, or on BSE's application-status page, or in your broker app.

How many times is the PRANAV IPO subscribed?

As of day 1 (7 Sept) the issue is subscribed 4.30× overall: QIB 0.45×, NII 7.19×, retail 4.70×.

Is the PRANAV IPO a mainboard or SME issue?

Pranav Constructions Limited is a mainboard issue listing on NSE and BSE. Current status: Allotment out.

Same board or stage as PRANAV. The GMP tracker lines them all up side by side.

Compare all on the GMP tracker
Veegaland Developers Limited

Uncategorized · NSE, BSE

MainboardOpen
Price band
₹130₹140
Min. investment
₹14,980
Closes
15 Sept

Grey market premium

Not yet quoted
Closes in 5 daysDay 1 of 6
LCC Projects Limited

Uncategorized · NSE, BSE

MainboardOpen
Price band
₹139₹146
Min. investment
₹14,892
Closes
11 Sept

Grey market premium

Not yet quoted
Closes tomorrowDay 2 of 3