Pranav Constructions Shares Make Strong Market Debut, List at Rs 165 with 33% Premium

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Mumbai, September 15, 2026:  Pranav Constructions Limited, which is a leading real estate player based on the supply of units and number of completed and under construction MCGM - redevelopment projects in the western suburbs, listed at Rs 165 on the exchange, a premium of 33.1% to IPO price.

The scrip reached a high of Rs 164.50 on the BSE, and Rs 165.10 on the NSE. The scrip closed at Rs 129.6 on the BSE, and at Rs 132 on the NSE.
As per NSE, the total quantity traded stood at 418.28 lakh shares, on BSE the total Quantity stood at 65.06 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 689.2 crore.
The market capitalisation of the Company at today’s closing price stood at Rs 1,459.59 crore as per BSE, and Rs 1486.6 crore as per NSE.
The issue received bids of 2,71,80,46,080 equity shares against the offered 2,24,63,137 equity shares, according to data available on the stock exchanges.
Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 258.71 times and 43.33 times, respectively. Non-Institutional Investors (NII) portion was subscribed 208.21 times.
Company Information
The company is a leading real estate player based on the supply of units and number of completed and under construction MCGM - Redevelopment projects in the western suburbs, with a total of 1,864 units and 34 MCGM – redevelopment projects (completed and under construction) whereas other developers have 4 to 11 MCGM - redevelopment projects, each launched between calendar year 17 – Q1 CY26 (Source: C&W Report).
The company is amongst the top redevelopment companies based out of Mumbai predominantly undertaking redevelopment projects in the western suburbs focusing on economical, mid and mass, and aspirational homes (Source: C&W Report).

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