Pranav Constructions IPO allotment likely today: GMP signals 32% listing gain. Here’s how to check status

Investors who subscribed to the Pranav Constructions IPO may get the much-awaited allotment update today. With the public issue receiving a massive 121-times subscription, attention has now shifted to the basis of allotment and the company’s upcoming stock-market debut.

The Rs 351.03-crore Pranav Constructions IPO is expected to finalise its share allotment today. Once the allotment is announced, investors will be able to check online whether they have been allotted shares. The company’s stock is tentatively scheduled to list on both the BSE and NSE on September 15, 2026.

Investor interest has also been boosted by the IPO’s grey market premium (GMP), which is currently around 32%. The premium suggests that the stock could potentially deliver a strong listing gain. However, GMP is an unofficial indicator and can fluctuate before the shares begin trading.

The IPO opened for subscription on September 7 and closed on September 9. It was subscribed 121 times overall. The retail portion was subscribed 43.33 times, while the Non-Institutional Investors (NIIs) category saw 208.21 times subscription. Qualified Institutional Buyers (QIBs) subscribed 258.71 times.

The company had set the IPO price band at Rs 118–Rs 124 per share. The lot size was fixed at 120 shares, meaning retail investors applying at the upper end of the price band had to invest a minimum of Rs 14,880 for one lot.

Centrum Capital Ltd. acted as the book-running lead manager for the issue, while Kfin Technologies Ltd. served as the registrar to the IPO.

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

• Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)
• Select Pranav Constructions from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
• Select Equity.
• Choose Pranav Constructions from the list.
• Enter your application number and PAN to check the status.

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose Pranav Constructions from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

Ahead of the public issue, Pranav Constructions raised Rs 84.24 crore from anchor investors. According to the company’s stock exchange filing, it allotted 67,94,034 equity shares at Rs 124 per share to anchor investors. The anchor allocation highlights strong institutional interest in the company ahead of the IPO opening.

Pranav Constructions IPO GMP Today

The Pranav Constructions IPO GMP (Grey Market Premium) stands at Rs 40, indicating a 32% premium over the upper price band of Rs 124. Based on the current GMP, the estimated listing price is around Rs 164.

GMP Note: The Grey Market Premium (GMP) is an unofficial and unregulated indicator of market sentiment. It can fluctuate significantly before the stock's listing and does not guarantee the actual listing price or investment returns. Investors should avoid making IPO subscription decisions based solely on GMP.

IPO Objects of the Issue

The company plans to utilise the IPO proceeds primarily towards funding redevelopment expenses, with Rs 145.72 crore allocated for government and statutory approvals, acquisition of additional FSI, and compensation to members for alternate accommodation and hardship related to select under-construction and upcoming redevelopment projects. A further Rs 91.50 crore will be used for repayment/pre-payment of certain borrowings, while the remaining proceeds will support the acquisition of future redevelopment projects and general corporate purposes. The total issue proceeds proposed to be utilised amount to Rs 237.22 crore.

About Pranav Constructions Ltd.

Incorporated in 2003, Pranav Constructions Limited is a Mumbai-based real estate company focused primarily on redevelopment projects in the MCGM region, particularly the Western Suburbs.

The company follows a pure-play redevelopment model, covering residential segments from economical and mid-market to aspirational housing. As of March 31, 2026, its portfolio included 65 projects, comprising 28 completed, 20 under construction and 17 upcoming projects, with a total developable area of around 5.01 million sq. ft.

Pranav Constructions has been active in redevelopment since 2012 and follows an integrated, in-house approach covering project execution from tendering and construction to post-construction activities.

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