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Pranav Constructions Ltd
Registered Office:
1001 10TH FLOOR,DLH PARK NEAR,,
Mumbai - 400104,
Maharashtra, India.
Phone : +91 22 6276 9939
Fax : NA
Email :
compliance.officer@pranavconstructions.com
Website :
www.pranavconstructions.com
Initial public offer of up to 28,308,481 equity shares of face value of (
R
s
) 10/- each ("Equity Shares") of Pranav Constructions Limited (the "Company" or the "Company" or the "Issuer") for cash at a price of (
R
s
) 124 per equity share (including a premium of (
R
s
) 114 per equity share) (the "Offer Price") aggregating up to (
R
s
) 351.03 Crores (the "Offer") comprising a fresh issue of up to 25,451,612 equity shares by the company aggregating up to (
R
s
) 315.6 Crores (the "Fresh Issue") and an offer for sale of up to 2,856,869 equity shares of face value of (
R
s
)10/- each by Biourja India Infra Private Limited aggregating up to (
R
s
) 35.43 Crores (such offer for sale of equity shares of face value of (
R
s
) 10/- each by the selling shareholder, the "Offer For Sale"). The offer shall constitute [*]% of the post-offer paid up equity share capital of the company. Price Band: (
R
s
) 118 to (
R
s
) 124 per equity share of face value of (
R
s
) 10 each. The floor price is 11.80 times the face value of the equity shares and the cap price is 12.40 times the face value of the equity shares. Bids can be made for a minimum of 120 equity shares bearing face value of (
R
s
) 10 each and in multiples of 120 equity shares thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
07-Sep-26
09-Sep-26
118.00-124.00
0.00-0.00
Minimum Application for shares in Nos : 120 Further Multiples of : 120
(
R
s
.Cr
)
Lead Managers to the Issue
Project Cost
0.00
Centrum Broking Limited
Project Financed through Current Offer
349.31
Post Issue Equity Share Capital
115.48
Issue Price
118.00
Projects
Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation,
Repayment or pre-payment, in full or in part, of certain of the company outstanding borrowings availed by the comapny
Funding acquisition of future redevelopment projects and general corporate purposes
Promoted By
Pranav Kiran Ashar
Ravi Ramalingam
Pranav Ashar Trust
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd