Pranav Constructions Raises ₹84 Cr from Anchor Investors

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Sep 04, 2026 21:42

Pranav Constructions secured ₹84.24 crore from anchor investors like Goldman Sachs ahead of its ₹351 Cr IPO opening Sept 7-9. Price band ₹118-124.

Pranav Constructions Raises ₹84 Cr from Anchor Investors

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Key Points

Pranav Constructions raised Rs 84.24 crore from anchor investors ahead of its IPO.
The IPO, valued at over Rs 351 crore, will open for subscription from September 7 to September 9.
The company allocated 67.94 lakh equity shares at Rs 124 apiece to anchor investors.
Key anchor investors include Goldman Sachs, ITI Mutual Fund, and Taurus Mutual Fund.
Pranav Constructions is a real estate developer focused on Mumbai's western suburbs redevelopment.

New Delhi, Sep 4 (PTI) Real estate developer Pranav Constructions Ltd on Friday raised Rs 84.24 crore from anchor investors, ahead of the opening of its initial public offering (IPO) for subscription.

The company allocated 67.94 lakh equity shares at Rs 124 apiece to anchor investors, according to a circular uploaded on the BSE website.

Investors participating in the anchor round included Goldman Sachs Investments (Mauritius) Ltd, ITI Mutual Fund, Taurus Mutual Fund, Abudantia Capital VCC and Ashika India Select Fund.

Pranav Constructions has fixed a price band of Rs 118-124 per share for its over Rs 351-crore IPO. The issue will open for subscription on September 7 and close on September 9.

The IPO comprises a fresh issue worth Rs 315.6 crore and an offer-for-sale (OFS) of 28.5 lakh equity shares worth Rs 35.43 crore by investor shareholder BioUrja India Infra.

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

Source: PTI By Rediff Money Desk, New Delhi

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