Pranav Constructions Ltd - IPO

Pranav Constructions Ltd IPO Details

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.

Objective of issue

Funding costs towards obtaining gov. & statutory approvals of addi. FSI & cost towards compensation to members towards alternate accommodation, & hardship compensation, in relation to the dev. of certain of the Co. under-construction redevelopme. 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