Pranav Constructions Ltd IPO

Last Updated: 05 March 2025 9:36 AM by 5Paisa

Initial public offer of up to [*] equity shares of face value of Rs. 10/- each (Equity Shares) of Pranav Constructions Limited (the Company or the Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a Premium of Rs. [*] per equity share) (the Offer Price) aggregating up to Rs. [*] crores (the Offer) comprising a fresh issue of up to [*] equity shares by the company aggregating up to Rs. 392.00 crores (the Fresh Issue) and an offer for sale of up to 2,856,869 equity shares of face value of Rs. 10/- each comprising upto 2,307,472 equity shares of face value of Rs. 10/- each by Biourja India Infra Private Limited and upto 549,397 equity shares of face value of Rs. 10/- each by Ravi Ramalingam aggregating up to Rs. [*] crores (Collectively, Selling Shareholders and such offer for sale of equity shares of face value of Rs. 10/- each by the selling shareholders, the Offer for Sale). The offer shall constitute [*]% of the post-offer paid up equity share capital of the company. The company, in consultation with the brlms, may consider an issue of specified securities, as may be permitted under the applicable law. to any person(s), aggregating up to Rs. 78.40 crores, at its discretion, prior to the filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company. The face value of the equity share is Rs. 10/- each and the offer price is [*] times the face value of equity share. The price band and the minimum bid lot will be determined by the company.