|
|
|
Issue Open Date
|
07-Sep-26
|
|
|
|
Issue Closing Date
|
09-Sep-26
|
|
|
|
Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
118
-
124
|
|
|
|
Minimium Application No.
|
120
|
|
|
|
Issue Size (Shares)
|
29602631
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
|
Objective
|
|
1. Funding costs towards obtaining government and statutory approvals and purchase of additional FSI and cost towards Compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of our Under-construction Redevelopment Projects, and certain of our Upcoming Redevelopment Projects (“Funding Redevelopment Expenses”);2. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company; and3. Funding acquisition of future redevelopment projects and general corporate purposes.
|
|
|
|
|
|
|
Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
|
|
|
|
Qualified Institutional Buyers
|
|
|
|
|
Retail Individual Investors
|
|
|
|
|
|
|
|
Business Description:
We are the leading real estate company, based on the supply of units and number of completed and under construction MCGM - Redevelopment27 projects in the Western Suburbs28, with a total of 1,503 units and 27 MCGM - Redevelopment projects (completed and under construction) whereas other developers have 2 to 7 MCGM - Redevelopment projects, each launched between CY 17 –CY 24 (Source: C&W Report). We are amongst the top redevelopment companies based out of Mumbai predominantly undertaking redevelopment projects in the Western Suburbs focusing on Economical29, Mid and Mass30, and Aspirational31 homes (Source: C&W Report).
|
|
|
Promoter's Holding
|
|
|
|
Total Share Capital
|
55219345
|
|
|
|
Offered to Public
|
29602631
|
|
|
|
Promoter's Holding (Pre-Issue)
|
63.35
|
|
|
|
Promoter's Holding (Post-Issue)
|
|
|
|
|
|
|
|
|
|
|
|
|
Address |
Unit No. 1001
10th Floor
D L H Park
Near M T N L
S. V. Road
Goregaon (West)
Mumbai
,
Maharashtra
,
400104
Phone :
022 62769999
Email :
contact@pranavconstructions.com
Website :
www.pranavconstructions.com
|
|
|
|
Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
|
|
|
|
Listed at |
|
BSE, NSE
|
|
|
|
Lead Manager |
Centrum Capital Ltd
PNB Investment Services Ltd
|
|
|
|
Promoters |
Pranav Kiran Ashar
Ravi Ramalingam
|
|
