The record
Written from the 1 report below. Nothing here is unsourced.
- Real estate developer Pranav Constructions Ltd raised ₹84.24 crore from anchor investors ahead of its IPO, allotting 67.94 lakh shares at ₹124 apiece.
- The anchor round included Goldman Sachs Investments (Mauritius), ITI Mutual Fund, Taurus Mutual Fund, Abudantia Capital VCC and Ashika India Select Fund.
- The IPO, priced in a ₹118-124 band, is worth over ₹351 crore and comprises a ₹315.6 crore fresh issue plus an offer-for-sale of 28.5 lakh shares by BioUrja India Infra.
- The company focuses on redevelopment in Mumbai's western suburbs under the Municipal Corporation of Greater Mumbai.
What to watch next
- IPO opens for subscription on September 7 and closes on September 9
- Whether the issue draws full subscription at the ₹124 upper end of the ₹118-124 price band
- Post-listing performance after anchor backing from names like Goldman Sachs and ITI Mutual Fund
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1 report
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Named India · Abudantia Capital VCC · Ashika India Select Fund · BioUrja India Infra · Bombay Stock Exchange · Goldman Sachs Investments (Mauritius) Ltd · ITI Mutual Fund · Pranav Constructions · Taurus Mutual Fund
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