Pranav Constructions Ltd - IPO

Pranav Constructions Ltd IPO Details

Initial public offer of 28,308,481 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. 124 per equity share (including a premium of Rs. 114 per equity share) (the Offer Price) aggregating to Rs. 351.03 Crores (the Offer) comprising a fresh issue of 25,451,612 equity shares by the company aggregating to Rs. 315.6 Crores (the Fresh Issue) and an offer for sale of 2,856,869 equity shares of face value of Rs. 10 each by Biourja India Infra Private Limited aggregating to Rs. 35.43 Crores (such offer for sale of equity shares of face value of Rs. 10 each by the selling shareholder, the Offer For Sale). The offer shall constitute 25.14% of the post-offer paid up equity share capital of the company.Price Band: Rs. 124 per equity share of face value of Rs. 10 each.The floor price is 12.40 times the face value of the equity shares. Bids can be made for a minimum of 120 equity shares bearing face value of Rs. 10 each and in multiples of 120 equity shares thereafter.

Objective of issue

Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation,. Repayment or pre-payment, in full or in part, of certain of the company outstanding borrowings availed by the comapny. Funding acquisition of future redevelopment projects and general corporate purposes.

Pranav Constructions Ltd Contact Details

Pranav Constructions Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance.officer@pranavconstructions.com

Website - www.pranavconstructions.com