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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding Redevelopment Expenses
Financing project development costs including statutory and government approvals, purchasing additional Floor Space Index (FSI), and providing alternate accommodation or hardship compensation to existing housing society members.
Repayment of Borrowings
Full or partial prepayment or repayment of specific outstanding secured and unsecured debt facilities availed by the company.
General Corporate Purposes and Future Acquisitions
Funding the acquisition of future redevelopment projects and supporting general corporate operational requirements.
(₹ in Crore)
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Established in 2003, Pranav Constructions Limited is a prominent residential real estate developer based in Mumbai, specializing in urban redevelopment projects across the Municipal Corporation of Greater Mumbai (MCGM) region. The company concentrates its operational activities primarily in Mumbai's Western Suburbs, delivering residential developments in established micro-markets such as Bandra, Juhu, Santacruz, Vile Parle, Andheri, Goregaon, Malad, Kandivali, and Borivali. The business operates an asset-light operational model focused on society redevelopment contracts and Joint Development Agreements. Under this structure, the company executes housing projects without incurring massive capital expenditures for direct land acquisition. Pranav Constructions manages the entire redevelopment process internally, from securing development rights and architectural planning to statutory municipal approvals, project execution, and final unit marketing. The company's project portfolio encompasses completed, active, and pipeline developments catering to mid-income, affordable, and premium residential housing segments. Revenue is predominantly derived from selling free-sale residential units generated via additional Floor Space Index (FSI) after allocating modern rehabilitated housing units to existing housing society members.
Pranav Constructions Limited allocated 67,94,034 equity shares to 14 institutional anchor investors on September 4, 2026, raising Rs 84.25 crore at the upper price band of Rs 124 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 September 2026, 12:40 AM
Established Suburb Footprint
The enterprise maintains an extensive redevelopment footprint across key micro-markets in Mumbai Western Suburbs, supported by a proven execution record in residential housing society projects.
Asset-Light Business Framework
Operating via joint development structures allows the company to minimize upfront capital commitments for land acquisition while retaining strong project margins.
In-House Lifecycle Execution
Comprehensive internal management encompasses architectural planning, municipal approvals, construction oversight, and direct sales execution to maintain quality control.
Regional Market Concentration
Nearly all operational revenue is generated within Mumbai Western Suburbs, leaving earnings vulnerable to localized real estate downturns or policy shifts.
Municipal Approval Dependencies
Project schedules rely on timely municipal clearances and Floor Space Index sanctions, where regulatory delays can defer unit delivery and cash flows.
Input Material Price Fluctuations
Without long-term fixed-price supply agreements, construction costs remain exposed to price volatility in steel, cement, and key building materials.
Pranav Constructions Limited
Unit No. 1001, 10th Floor, DLH Park, Near MTNL, S.V. Road, Goregaon (West), Mumbai, Maharashtra, 400104
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