Real estate developer Pranav Constructions Ltd on Friday raised ₹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 ₹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 ₹118-124 per share for its over ₹351-crore IPO. The issue will open for subscription on September 7 and close on September 9.
The IPO comprises a fresh issue worth ₹315.6 crore and an offer-for-sale (OFS) of 28.5 lakh equity shares worth ₹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.
Copyright© 2026, THG PUBLISHING PVT LTD. or its affiliated companies. All rights reserved.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
Source: Read the original article on www.thehindubusinessline.com
Written by https://futureknowledge.in/
