GENERAL3 Sept 2026
Pranav Constructions IPO: Price band set in range of ₹118–124; check key dates, other IPO details | Stock Market News
Pranav Constructions has priced its ₹351-crore IPO at ₹118–124 a share. It opens September 7 and closes September 9. The issue has fresh equity and an offer for sale (OFS), where existing investor BioUrja will sell shares. Applying needs a minimum of 120 shares, costing ₹14,880. Money raised will repay debt and fund redevelopment projects. Investors eyeing Mumbai real estate should track this issue.
Key Statutory Highlights
- The ₹351-crore IPO of Pranav Constructions is priced at ₹118–124 per share and opens on September 7, closing on September 9.
- The issue combines a ₹315.6 crore fresh equity issue with an offer for sale in which BioUrja India Infra will sell 28.57 lakh shares worth ₹35.43 crore.
- Retail investors can apply for a minimum of 120 shares, so the smallest investment at the top price band is ₹14,880.
Actionable Advice for Taxpayers / Founders:If you are thinking of investing, read the red herring prospectus and study the company's debt and redevelopment plans before deciding whether to apply.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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