IPO Watch, March 3 -- Pranav Constructions Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

The company ranks as one of the leading real estate firms, distinguished by its supply of units and the number of MCGM redevelopment projects that are either completed or currently in development. It has 27 MCGM redevelopment projects in the Western Suburbs, totaling 1,503 units, while other developers have between 2 and 7 MCGM redevelopment projects, all launched between CY 17 and CY 24, according to the C&W Report.

Pranav Constructions is among the top redevelopment firms in Mumbai, primarily focusing on redevelopment...