Pranav Constructions Ltd

Pranav Constructions Limited was originally incorporated as 'Pranav Constructions Private Limited', a private limited company, dated July 31, 2003 with the RoC. The name of the Company was subsequently changed to 'Pranav Constructions Limited', upon conversion of the Company status from private limited to a public limited and a fresh certificate of incorporation was issued on July 29, 2024, by Registrar of Companies, Central Processing Centre. Pranav Constructions is the leading real estate company, based on supply of units and number of completed and under construction MCGM - Redevelopment projects in Western Suburbs. The Company is primarily engaged in the business of redevelopment of cooperative housing societies. The Company started Redevelopment in 2012 and are led by the Promoters, Pranav Kiran Ashar and Ravi Ramalingam. The Company launched first redevelopment project namely Plot 229' comprising of 30 units in the Goregaon Micro Market of Mumbai Western Suburbs (North Region) spanning a developable area of 16, 548 sq. ft. Further, Ashutosh CHSL' comprising of 20 units in Borivali West spanning a developable area of 18, 962 sq. ft. launched in 2015. The Company entered the Malad Micro Market of Mumbai's Western Suburbs (North Region) by launching a 3 redevelopment projects namely, Deep (Sunder Lane) CHSL, Rajendra Apartment CHSL & The Malad Rajhans CHSL comprising of 112 units spanning a developable area of 1,03,437 sq. ft. in 2017. It launched first mid-size redevelopment project, namely, Pravesh Co-operative Housing Society Limited comprising of 114 units in the Borivali Micro Market of Mumbai Western Suburbs (North Region) spanning a developable area of 1,49,830 sq. ft. in 2020.; launched 10 redevelopment projects comprising of 523 units and spanning a total developable area of 555,467 sq. ft. in 2022 and further launched a redevelopment project, namely, Pearl Palace in Santacruz spanning developable area of 82,064 sq.ft. in 2022-23. Company is planning to raise funds from public through IPO aggregating to Rs 392 Crore equity shares through fresh issue and by issuing 2,856,869 equity shares through offer for sale.