Pranav Constructions Shares Soar 33% in Market Debut

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Sep 15, 2026 11:46

Pranav Constructions Ltd shares surged 33% on its market debut, listing at a strong premium after its Rs 351-crore IPO was subscribed 121 times.

Pranav Constructions Shares Soar 33% in Market Debut

Illustration: Dominic Xavier/Rediff.com

Key Points

Pranav Constructions shares surged 33% on its market debut trade.
The stock listed at Rs 162 on BSE and Rs 165 on NSE against an issue price of Rs 124.
The company's Rs 351-crore IPO was oversubscribed 121 times.
Pranav Constructions is a real estate developer focused on Mumbai's western suburbs.

New Delhi, Sep 15 (PTI) Shares of real estate developer Pranav Constructions Ltd on Tuesday listed with a strong premium of 33 per cent against the issue price of Rs 124.

The stock started trading at Rs 162, registering a jump of 30.64 per cent from the issue price on the BSE.

At the NSE, the stock listed at Rs 165, a premium of 33 per cent.

The company's market valuation stood at Rs 1,520.97 crore.

Pranav Constructions' Rs 351-crore IPO was subscribed 121 times on the final day of bidding on Wednesday last week.

The company's IPO was open for subscription from September 7-9 with a price band of Rs 118-124 per equity share.

Pranav Constructions Ltd had raised Rs 84.24 crore from anchor investors.

The company 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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