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Pranav Constructions IPO Subscription: Pranav Constructions IPO GMP today stands at ₹44 per share, indicating strong grey-market interest in the ₹351.03 crore mainboard IPO. Based on the upper price band of ₹124, the current GMP implies an estimated listing price of around ₹168 per share, or a potential premium of approximately 35.48%.
The Pranav Constructions IPO opened for subscription on September 7, 2026, and will close on September 9, 2026. The price band has been fixed at ₹118 to ₹124 per share, while the minimum lot size for retail investors is 120 shares.
⚠️ Important: Grey Market Premium (GMP) is an unofficial market indicator. It can change rapidly and does not guarantee the IPO’s actual listing price or listing returns.
🔥 Pranav Constructions IPO GMP Today
The latest Pranav Constructions IPO Grey Market Premium is ₹44 per share.
At the upper price band of ₹124, a ₹44 GMP indicates an estimated listing price of:
₹124 + ₹44 = ₹168 per share
This translates into an indicative premium of:
₹44 ÷ ₹124 × 100 = 35.48%
Pranav Constructions IPO GMP Snapshot
| Particulars | Latest Data |
|---|---|
| IPO GMP Today | ₹44 |
| Upper Price Band | ₹124 |
| Estimated Listing Price | ₹168 |
| Indicative Listing Premium | 35.48% |
| Lot Size | 120 Shares |
| Minimum Investment at ₹124 | ₹14,880 |
The estimated listing price is calculated using the current GMP and should not be treated as a prediction or guarantee of the actual listing price.
📈 Pranav Constructions IPO GMP Live Rates Day by Day
Pranav Constructions IPO GMP has strengthened ahead of and on the opening day of the public issue. Based on the provided grey-market data, the premium increased from ₹23 on September 2 to ₹44 on September 7.
| Date | IPO GMP | GMP Trend | Indicative Gain* | Last Updated |
|---|---|---|---|---|
| 7 September 2026 | ₹44 | 🟢 | 35.48% | 17:35 |
| 4 September 2026 | ₹31 | 🟢 | 25.00% | 09:21 |
| 3 September 2026 | ₹27 | 🟢 | 21.77% | 17:16 |
| 2 September 2026 | ₹23 | 🟢 | 18.54% | 18:05 |
| 1 September 2026 | – | – | – | 16:25 |
*Indicative gain is calculated against the upper price band of ₹124.
📊 Pranav Constructions IPO GMP Trend
The available GMP data shows a positive trend:
₹23 → ₹27 → ₹31 → ₹44
From September 2 to September 7, the quoted premium increased by ₹21 per share.
A rising GMP generally indicates improving sentiment in the unofficial grey market. However, investors should not make an investment decision based solely on GMP because grey-market quotations are unregulated and may change substantially before listing.
💰 Pranav Constructions IPO Expected Listing Price
With Pranav Constructions IPO GMP at ₹44 and the upper issue price at ₹124, the estimated listing price is approximately ₹168 per share.
If the shares were to list at this implied price, the premium over the upper issue price would be approximately 35.48%.
For one retail lot of 120 shares:
- Investment at ₹124: ₹14,880
- Indicative value at ₹168: ₹20,160
- Difference: ₹5,280
This ₹5,280 figure is only a mathematical illustration based on the current GMP. It is not a guaranteed profit.
🚀 Pranav Constructions IPO Subscription Status
Pranav Constructions IPO attracted strong investor interest on its opening day. The issue was reported to have been subscribed approximately 5.69 times on Day 1, with bids for about 12.79 crore shares against approximately 2.25 crore shares available.
The subscription figures, along with the movement in GMP, indicate strong early demand for the issue. Investors should nevertheless evaluate the company’s fundamentals, valuation and risks rather than relying solely on subscription or grey-market trends.
🏢 Pranav Constructions IPO Details
| IPO Details | Information |
|---|---|
| IPO Open Date | September 7, 2026 |
| IPO Close Date | September 9, 2026 |
| Face Value | ₹10 per Equity Share |
| IPO Price Band | ₹118 to ₹124 per Share |
| Issue Size | Approx. ₹351.03 Crore |
| Fresh Issue | Approx. ₹315.60 Crore |
| Offer for Sale | Approx. ₹35.43 Crore |
| OFS Shares | 28,56,869 Shares |
| Lot Size | 120 Shares |
| Issue Type | Book-Building Issue |
| Listing | BSE and NSE |
The IPO consists of a fresh issue of approximately 2.55 crore shares aggregating to around ₹315.60 crore and an offer for sale of approximately 28.57 lakh shares worth around ₹35.43 crore.
💳 Pranav Constructions IPO Lot Size & Minimum Investment
The minimum retail application is one lot of 120 shares.
At the upper price band of ₹124:
120 × ₹124 = ₹14,880
Therefore, a retail investor bidding at the upper end of the price band needs at least ₹14,880 for one lot.
📅 Pranav Constructions IPO Dates
Here is the tentative Pranav Constructions IPO schedule:
| Event | Date |
|---|---|
| IPO Opens | September 7, 2026 |
| IPO Closes | September 9, 2026 |
| Basis of Allotment | September 10, 2026 |
| Refund Initiation | September 11, 2026 |
| Shares Credited to Demat | September 11, 2026 |
| IPO Listing Date | September 15, 2026 |
The shares are proposed to be listed on both the BSE and NSE.
🏗️ About Pranav Constructions Limited
Pranav Constructions Limited is a Mumbai-focused real estate company primarily engaged in redevelopment projects in the Municipal Corporation of Greater Mumbai (MCGM) region, with a significant focus on Mumbai’s Western Suburbs.
The company was incorporated in July 2003 and operates primarily in the redevelopment segment rather than focusing exclusively on developing properties on new parcels of land.
Its residential redevelopment portfolio covers several housing categories, including Economical, Mid and Mass, and Aspirational homes.
As of March 31, 2026, Pranav Constructions had 65 redevelopment projects, comprising:
- 28 completed projects
- 20 projects under construction
- 17 upcoming projects
The combined portfolio represented a total developable area of approximately 5.01 million square feet.
The company follows an integrated redevelopment model covering activities such as tendering, pre-construction, construction and post-construction.
💹 Pranav Constructions Financial Performance
Pranav Constructions reported growth in total income and profit after tax during FY2026.
| Financial Metric | FY2025 | FY2026 |
|---|---|---|
| Total Income | ₹638.24 Crore | ₹763.93 Crore |
| Profit After Tax | ₹62.25 Crore | ₹71.32 Crore |
| EBITDA | ₹98.54 Crore | ₹130.83 Crore |
Total income increased by approximately 19.7%, while profit after tax grew by about 14.6% from FY2025 to FY2026.
EBITDA increased from ₹98.54 crore in FY2025 to ₹130.83 crore in FY2026.
🎯 Pranav Constructions IPO: Use of Proceeds
The company intends to use the fresh issue proceeds for several purposes.
A significant portion—approximately ₹145.72 crore—is proposed to fund redevelopment-related expenses. These include certain government and statutory approvals, acquisition of additional FSI, alternate accommodation expenses and hardship compensation associated with selected redevelopment projects.
Approximately ₹91.50 crore is proposed to be used for repayment or prepayment of certain borrowings.
The remaining proceeds are intended for purposes including the acquisition of future redevelopment projects and general corporate requirements.
📊 What Does ₹44 GMP Mean for Pranav Constructions IPO?
A ₹44 GMP means shares of Pranav Constructions are reportedly commanding an unofficial premium of ₹44 over the IPO price in the grey market.
With the upper price band at ₹124, this produces an implied value of ₹168.
However, GMP should be viewed only as a sentiment indicator. It is not an official price established by the NSE, BSE or SEBI, and the premium can rise, fall or disappear before the shares list.
⚠️ Key Risks Investors Should Consider
Before applying for the IPO, investors should evaluate factors beyond the grey-market premium.
Pranav Constructions has significant exposure to Mumbai’s real-estate redevelopment market. Its performance can therefore be affected by project execution, regulatory approvals, redevelopment timelines, property-market conditions and geographic concentration.
IPO subscription numbers and GMP may indicate investor sentiment, but they do not determine the company’s long-term investment performance.
❓ Pranav Constructions IPO GMP FAQs
What is Pranav Constructions IPO GMP today?
Pranav Constructions IPO GMP is ₹44 per share based on the latest available grey-market data for September 7, 2026.
What is Pranav Constructions IPO expected listing price?
Based on the ₹44 GMP and ₹124 upper price band, the implied listing price is approximately ₹168 per share.
What is Pranav Constructions IPO expected listing gain?
At a GMP of ₹44, the indicative premium over the upper price band is approximately 35.48%. This is not a guaranteed return.
What is Pranav Constructions IPO price band?
The IPO price band is ₹118 to ₹124 per equity share.
What is Pranav Constructions IPO lot size?
The minimum lot size is 120 shares.
What is the minimum investment in Pranav Constructions IPO?
At the upper price band of ₹124, one lot of 120 shares requires an investment of ₹14,880.
When will Pranav Constructions IPO close?
The IPO is scheduled to close for subscription on September 9, 2026.
When is Pranav Constructions IPO allotment?
The basis of allotment is tentatively scheduled for September 10, 2026.
When will Pranav Constructions IPO list?
Pranav Constructions shares are tentatively scheduled to list on BSE and NSE on September 15, 2026.
Is Pranav Constructions IPO GMP guaranteed?
No. GMP is an unofficial and unregulated market indicator. It does not guarantee the IPO’s actual listing price or investment return.
⚠️ Disclaimer
The information provided in this article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy, sell or subscribe to any securities. IPO GMP is unofficial and may change at any time. Investors should read the company’s Red Herring Prospectus and consider consulting a SEBI-registered investment adviser before making an investment decision. Investments in securities markets are subject to market risks.
