Draft Red Herring Prospectus
Draft Red Herring Prospectus AV
Offer Documents
Red Herring Prospectus
Disclaimer – Important
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the red herring prospectus of Pranav Constructions Limited (the “Company”), dated August 31, 2026 (the “Red Herring Prospectus”), filed with the Registrar of Companies Registrar of Companies, Mumbai-I at Mumbai and thereafter with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited and the abridged prospectus of the Company dated August 31, 2026 (the “Abridged Prospectus”) filed with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited, in relation to the initial public offering of the equity shares of face value of ₹10 each (the “Equity Shares”) of the Company (the “Offer”). You are advised to read the following notice carefully before accessing the Red Herring Prospectus and the Abridged Prospectus. In accessing the Red Herring Prospectus and, or, the Abridged Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
THE RED HERRING PROSPECTUS IS BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (“SEBI ICDR REGULATIONS”).
The Red Herring Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. You may not forward, distribute, reproduce, or deliver this document, in whole or in part, whether electronically or otherwise, to any person outside India.
Access to the Red Herring Prospectus does not constitute a recommendation by the Company, the Selling Shareholder (as defined in the Red Herring Prospectus) or the members of the Syndicate (as defined in the Red Herring Prospectus) to subscribe to the Equity Shares offered in the Offer.
Any potential investor should note that investment in the Equity Shares involves a high degree of risk and for details relating to such risks, see the section titled “Risk Factors” on page 18 of the Red Herring Prospectus.
The Equity Shares offered in the Offer have not been and will not be registered, listed or otherwise qualified in any jurisdiction except India and may not be offered or sold to persons outside of India except in compliance with the applicable laws of each such jurisdiction. In particular, the Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold in the United States (as defined in Regulation S under the U.S. Securities Act (“Regulation S”)) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer are being offered and sold only outside the United States in “offshore transactions” as defined in, and in reliance on, Regulation S.
The information in the Red Herring Prospectus is as of the date thereof and none of the Company, the Selling Shareholder, the Book Running Lead Managers or their respective affiliates, directors, officers, agents, representatives, advisers or employees are under any obligation to update or revise the Red Herring Prospectus to reflect circumstances arising after the date thereof.
No person outside India is eligible to bid for Equity Shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which comprises the Red Herring Prospectus and the preliminary international wrap (which contains, among other things, the selling restrictions for the Offer outside India).
You are responsible for protecting against viruses and other destructive items. You are accessing this website at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature. None of the Company, its affiliates, directors, officers, agents, representatives, advisers or employees shall be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or from any other cause relating to your access to, inability to access, or use of this website or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you.
Failure to comply with this disclaimer may result in a violation of the applicable laws of jurisdictions outside India.
If you are not in India, please exit this webpage.
Confirmation of your acceptance of the terms and conditions
By clicking on the “I Confirm” button below you represent to the Company and the members of the Syndicate that:
- You have read the disclaimer set out above and you agree to be bound by its terms; and
- You are located in India.
If you cannot make these confirmations, you must press the button marked “I Do Not Confirm”.
Red Herring Prospectus – SEBI AV
Prospectus
Disclaimer
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the prospectus of Pranav Constructions Limited (the “Company”) dated September 9, 2026 (the “Prospectus”) filed with the Registrar of Companies Registrar of Companies, Mumbai-I at Mumbai and thereafter with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited, in relation to the initial public offering of the equity shares of face value of ₹10 each (the “Equity Shares”) of the Company (the “Offer”). You are advised to read the following notice carefully before accessing the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
THE PROSPECTUS IS BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (“SEBI ICDR REGULATIONS”).
The Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. You may not forward, distribute, reproduce, or deliver this document, in whole or in part, whether electronically or otherwise, to any person outside India.
Access to the Prospectus does not constitute a recommendation by the Company, the Selling Shareholder (as defined in the Prospectus) or the members of the Syndicate (as defined in the Prospectus) to invest in the Equity Shares.
An investment in the Equity Shares involves a high degree of risk and for details relating to such risks, see the section titled “Risk Factors” on page 18 of the Prospectus.
The Equity Shares offered in the Offer have not been and will not be registered, listed or otherwise qualified in any jurisdiction except India and may not be offered or sold to persons outside of India except in compliance with the applicable laws of each such jurisdiction. In particular, the Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold in the United States (as defined in Regulation S under the U.S. Securities Act (“Regulation S”)) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer were offered and are being sold only outside the United States in “offshore transactions” as defined in, and in reliance on, Regulation S.
The information in the Prospectus is as of the date thereof and none of the Company, the Selling Shareholder, the Book Running Lead Managers or their respective affiliates, directors, officers, agents, representatives, advisers or employees are under any obligation to update or revise the Prospectus to reflect circumstances arising after the date thereof.
No person outside India was eligible to bid for Equity Shares in the Offer unless that person received the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap attached thereto (which contains, among other things, the selling restrictions for the Offer outside India), both of which are dated August 31, 2026.
You are responsible for protecting against viruses and other destructive items. You are accessing this website at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature. None of the Company, its affiliates, directors, officers, agents, representatives, advisers or employees shall be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or from any other cause relating to your access to, inability to access, or use of this website or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you.
Failure to comply with this disclaimer may result in a violation of the applicable laws of jurisdictions outside India.
If you are not in India, please exit this webpage.
Confirmation of your acceptance of the terms and conditions
By clicking on the “I Confirm” button below you represent to the Company and the members of the Syndicate that:
- You have read the disclaimer set out above and you agree to be bound by its terms; and
- You are located in India.
If you cannot make these confirmations, you must press the button marked “I Do Not Confirm”.
Material Contracts and Documents for Inspection
Material Contracts
- Offer Agreement dated February 28, 2025 read with Amendment Agreement dated August 18, 2026
- Registrar Agreement dated February 28, 2025 read with Amendment Agreement dated August 18, 2026
- Monitoring Agency Agreement dated August 31, 2026
- Cash Escrow and Sponsor Bank Agreement dated August 24, 2026
- Share Escrow Agreement dated August 24, 2026
- Syndicate Agreement dated August 27, 2026
- Underwriting Agreement dated September 9, 2026
Material Documents
- Certified copies of the MoA and AoA
- Certificate of incorporation dated July 31, 2003
- Fresh certificate of incorporation consequent to the conversion dated July 29, 2024
- Board Resolutions and Shareholders Resolutions approving the Fresh Issue and other related matters
- Board resolution and Shareholders’ resolution for appointment of the Chairman and Managing Director
- Employment Agreement along with Addendum entered between the Company and Pranav Kiran Ashar
- Employment Agreement along with Addendum entered between the Company and Ravi Ramalingam
- Employment Agreement along with Addendum entered between the Company and Suneet J Desai
- Employment Agreement along with Addendum entered between the Company and Ninad N Patkar
- Engagement Letter with C&W dated July 7, 2026
- In-principle approvals issued by BSE and NSE
- Tripartite agreement dated June 27, 2024, between the Company, NSDL and the Registrar to the Company
- Tripartite agreement dated June 27, 2024, between the Company, CDSL and the Registrar to the Company
- SEBI observation letter dated July 17, 2025
- Board Resolution dated February 28, 2025 approving DRHP
- Examination Report dated July 18, 2026 of the Statutory Auditors
- Due diligence certificate dated February 28, 2025
- Certificate on key performance indicators issued by Agrawal Jain & Gupta, Chartered Accountants dated August 31, 2026
- Audit Committee Resolution dated August 31, 2026 approving the KPIs for disclosure
- Consent from Selling Shareholder authorising its participation in the Offer
- Consent from Independent Chartered Engineer
- Consent from Independent Architect
- Consent from Industry Report Provider
- Exemption Application and SEBI Response Letter
- Board Resolution dated August 31, 2026 approving RHP
- Statement of Possible Tax Benefits dated August 31, 2026
- Certificate on Sources of Deployment of Funds dated August 31, 2026
- Certificate on Details of Loans utilised by the Company dated August 31, 2026
- Certificate on WACA and Financial Indebtedness
- Consent from Statutory Auditor
- Consent from Independent Chartered Accountant
- Consent from Practicing Company Secretary
- IPO related Consents
- Board Resolution approving Prospectus

