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  1. Pranav Constructions IPO Day 3: Check subscription status, allotment date and steps

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Pranav Constructions IPO Day 3: Check subscription status, allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.

2 min read | Updated on September 09, 2026, 08:16 IST

SUMMARY

The ₹351.03 crore Pranav Constructions IPO consists of a fresh issue valued at ₹315.6 crore and an offer for sale (OFS) component of 28.5 lakh shares aggregating to ₹35.43 crore by investor shareholder BioUrja India Infra.

Pranav Constructions is a Mumbai-based real estate developer predominantly undertaking redevelopment projects in the Western Suburbs. | Image: Facebook/Pranav Constructions

Pranav Constructions is a Mumbai-based real estate developer predominantly undertaking redevelopment projects in the Western Suburbs. | Image: Facebook/Pranav Constructions

The initial public offering of Mumbai-based real estate developer Pranav Constructions will conclude on Wednesday, September 9. The subscription details for Day 1 will be available post 10 am.

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As of Day 2, the issue was subscribed 18.20 times. It received bids for 40,87,63,680 shares compared to 2,24,63,137 shares on offer, according to the NSE data.

The part for non-institutional investors (NIIs) got subscribed 43.75 times. The category for retail investors received 15.75 times subscription and that of qualified institutional buyers (QIBs) 1.00 times.

The ₹351.03 crore IPO consists of a fresh issue valued at ₹315.6 crore and an offer for sale (OFS) component of 28.5 lakh shares aggregating to ₹35.43 crore by investor shareholder BioUrja India Infra.

With a price band of ₹118 to ₹124 per share, a lot comprises 120 shares.

The funds raised will be used to obtain additional FSI and cost towards compensation to members towards alternate accommodation and hardship compensation in relation to the under-construction redevelopment projects and certain upcoming redevelopment projects.

The money will also be used for debt clearance, acquisition of future redevelopment projects and general corporate purposes.

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

Pranav Constructions IPO: Allotment and listing date

The basis of allotment of Pranav Constructions is likely to be finalised on Thursday, September 10. The company's shares will be listed on the stock exchanges on September 15.

How to check Pranav Constructions IPO allotment status online on NSE

Steps to check Pranav Constructions IPO allotment status on KFin Technologies

  • Go to this link: https://ipostatus.kfintech.com/
  • In the 'Select IPO' section, pick 'Pranav Constructions Ltd'
  • Add your IPO application number, Demat account number or PAN
  • Click on ‘Submit’
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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