Pranav Constructions IPO allotment: How to check status online on NSE, BSE, KFin Technologies; listing date, time revealed

The basis of allotment for Pranav Constructions Ltd is expected to be finalised on Thursday, September 10. The bid finalisation details will be available on the websites of the NSE, the BSE and KFin Technologies.

The initial public offering was subscribed a whopping 121 times. It secured bids for 2,71,80,46,080 shares compared to 2,24,63,137 shares on offer, according to BSE data.

The ₹351.03 crore initial share sale was a fresh issue worth ₹315.60 crore and an offer for sale (OFS) of ₹35.43 crore by investor BioUrja India Infra.

The company will use the net proceeds for the following objectives:

• Funds costs towards getting government and statutory approvals and purchase of additional FSI and compensation to members towards alternate accommodation and hardship compensation related to the development of certain under-construction redevelopment projects and certain upcoming redevelopment projects.
• Debt clearance
• Acquiring future redevelopment projects and general corporate purposes

Pranav Constructions is a real estate developer focused on the Municipal Corporation of Greater Mumbai, or MCGM, redevelopment segment in Mumbai's western suburbs.

Pranav Constructions IPO: Allotment date and time

Pranav Constructions' IPO allotment status is likely to be finalised on Thursday, September 10, by late evening.

Pranav Constructions IPO allotment status online on NSE; full steps

• Go to the allotment page of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select 'Equity & SME IPO bid details'
• From the 'Select Symbol' dropdown, choose 'PRANAV'
• Submit your application number or PAN
• Hit the 'Submit' button

How to check Pranav Constructions IPO allotment status online on BSE

• Visit the BSE's allotment status page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• From the ‘Issue Name’ dropdown, pick 'Pranav Constructions Ltd'
• Identify yourself using PAN or IPO application number
• Press the 'Search' button

Steps to check Pranav Constructions IPO allotment status online on KFin Technologies

• Head to the registrar's IPO status page: https://ipostatus.kfintech.com/
• In the 'Select IPO' section, click on 'Pranav Constructions Ltd'
• Add your IPO application number, PAN or Demat account number
• Click on 'Submit'

Pranav Constructions IPO listing date and time

Shares of Pranav Constructions Ltd will be listed on the NSE and the BSE on Tuesday, September 15, at 10 am.