Deal: Trilegal advises Pranav Constructions on its INR 351 crore IPO

Trilegal advised Pranav Constructions Limited (“PCPL”) on its successful listing of equity shares pursuant to an initial public offering aggregating to INR 3,510 million.

PCPL is a leading real estate company focusing on redevelopment projects in the Western suburbs of Mumbai Metropolitan Region. The IPO was oversubscribed by 126 times. It listed on the Indian bourses with ~ 33% premium.

The IPO comprised a fresh issue of equity shares and an offer for sale by existing investor selling shareholder. The net proceeds from the fresh issue will be utilised for debt repayment, funding redevelopment expenses and fusing acquisition of future redevelopment projects and general corporate purposes.

The syndicate of book running lead managers comprised Centrum Broking Limited and PNB Investment Services Limited.

The Trilegal Capital Markets Team advising on this matter was led by Partners: Richa Choudhary and Maitreya Rajurkar,and supported by Counsel: Avanti Kale; Senior Associates: Pooja Tada; Associate: Siddhant Mishra, Yug Gambhir, Arnab Goswami and Tanushka Trivedi.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.