• IPO proceeds allocation: Out of the fresh capital raised, ₹145 crore will fund FSI payments, corpus payments, and dislocation charges, ₹91.5 crore is allocated for debt repayment, and the remainder covers general corporate purposes and issue expenses.
• Project execution pipeline: The company manages a 5 million sq ft portfolio—comprising 1.4 million delivered, 1.6 million under construction, and nearly 2 million in planned projects—alongside 40 open bids, operating on an average construction cycle of 26 months.
• Operating cash flow: Cash flows have remained negative due to heavy upfront fund deployment into expanding under-construction projects from 11 in December 2024 to 21 in FY26, with management maintaining a growth-first strategy.
• Capital structure targets: Pranav Constructions aims to maintain a debt-to-equity ratio below 1:1, with balance sheet leverage set to improve further following debt reduction from the IPO proceeds.
• MMR market focus: The company is expanding from 10 to 14 micro-markets across the Mumbai Metropolitan Region under an asset-light model, leveraging its track record of 65 redevelopment projects since 2012.