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Puranik Builders IPO
COMPANY INFORMATION
Puranik Builders Limited, a prominent real estate developer in India, has announced plans to launch an Initial Public Offering (IPO) to raise approximately ₹800 crore. The IPO comprises a fresh issue of shares worth ₹510 crore and an offer for sale (OFS) of up to 9.45 lakh equity shares by existing shareholders, including promoters Ravindra Puranik and Gopal Puranik, who will each offload up to 4.725 lakh shares.
About Puranik Builders
Puranik Builders Limited is a well-established real estate developer in India, known for its commitment to quality, innovation, and timely project execution. Since its inception in 1990, the company has played a significant role in shaping the real estate landscape, delivering high-quality residential and commercial spaces to thousands of satisfied customers.
With over three decades of experience, Puranik Builders has successfully developed more than 421,000 square meters of real estate, with an additional 988,000 square meters currently under construction. The company has earned the trust of over 20,000 families by providing thoughtfully designed homes and commercial properties that blend modern architecture with functional living spaces.
Our Vision & Mission
Puranik Builders is driven by a vision to create homes and commercial spaces that not only meet but exceed customer expectations. The company's mission revolves around building sustainable, high-quality developments that offer value for money while maintaining an unwavering commitment to transparency, integrity, and customer satisfaction.
Residential Projects
Puranik Builders has a strong portfolio of residential developments, ranging from affordable housing to premium luxury apartments. Their projects are designed to cater to various customer needs, ensuring a blend of comfort, style, and functionality. Whether it’s first-time homebuyers or those seeking luxurious living, Puranik Builders provides well-planned communities with modern amenities, landscaped gardens, and eco-friendly features.
Commercial Projects
Apart from residential properties, Puranik Builders has also made a significant impact in the commercial real estate sector. The company has developed cutting-edge office spaces, business hubs, and retail complexes that cater to the growing needs of businesses and entrepreneurs. Their commercial properties are strategically located and designed to enhance productivity while providing a modern work environment.
Commitment to Quality & Innovation
Puranik Builders is known for its focus on innovation and quality construction. The company consistently integrates modern technology and sustainable building practices to ensure the durability and energy efficiency of its projects. From using eco-friendly materials to implementing smart home features, Puranik Builders aims to provide future-ready homes and workspaces.
Customer Satisfaction & Trust
With a strong foundation built on trust and customer-centric values, Puranik Builders ensures a seamless home-buying experience. The company maintains transparency in its transactions, adheres to high ethical standards, and delivers projects on time—making it one of the most reliable names in the real estate industry.
Corporate Office
Puranik Builders Limited is headquartered in Mumbai, Maharashtra, with its corporate office located in Thane.
Address:
Puraniks One, Kanchan Pushp, Near Suraj Water Park
Kavesar, Ghodbunder Road, Thane West
Mumbai, Maharashtra 400607
India
Why Choose Puranik Builders?
- Over 30 Years of Excellence – A trusted name in real estate with decades of experience.
- Innovative Design & Planning – Homes and commercial spaces that are thoughtfully designed for modern living.
- Timely Project Delivery – A track record of delivering projects on time with high construction quality.
- Sustainable & Eco-Friendly Practices – Commitment to green building initiatives and environmental responsibility.
- Strong Customer Focus – Dedicated to customer satisfaction, ensuring a smooth buying and ownership experience.
As one of India's leading real estate developers, Puranik Builders continues to create world-class living and working spaces that redefine urban lifestyles. With a strong commitment to excellence, the company remains dedicated to building homes and commercial spaces that stand the test of time while enriching the lives of those who live and work in them.
As the demand for quality housing and commercial spaces continues to rise, Puranik Builders remains committed to expanding its real estate portfolio, enhancing customer experience, and driving innovation in the real estate industry. For more details, refer to the SEBI filing.
Puranik Builders IPO
Puranik Builders IPO Overview and Key Highlights
Puranik Builders, a Thane-based real estate developer, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of equity shares aggregating up to ₹5,100 million and an Offer for Sale (OFS) of up to 945,000 equity shares by Ravindra Puranik and Gopal Puranik. The proceeds from the fresh issue will be used for debt repayment, business expansion, and general corporate purposes. The shares will be listed on NSE and BSE.
Key IPO Details of Puranik Builders
- Type of Issue • 100% Book Built Issue
- Total Issue Size • ₹5,100 million (Fresh Issue) + 945,000 equity shares (OFS)
- Face Value • ₹10 per share
- Issue Price • To be determined
- Offer Opens • To be announced
- Offer Closes • To be announced
- Listing Exchange • NSE & BSE
- Offer Structure • Allocation for QIBs, NIIs, and RIIs as per SEBI guidelines
Company Overview of Puranik Builders
Puranik Builders was incorporated as Puranik Builders Private Limited in 1990 and later converted into a public company in 2018. The company is engaged in residential and commercial real estate development, primarily in the Mumbai Metropolitan Region (MMR) and Pune Metropolitan Region (PMR).
- Promoters • Ravindra Puranik and Gopal Puranik
- Headquarters • Thane, Maharashtra
- Corporate Identification Number (CIN) • U99999MH1990PLC056451
Financial Overview of Puranik Builders
Puranik Builders has shown steady revenue growth, leveraging its brand reputation and project pipeline. The IPO proceeds will be used to reduce debt, enhance project execution, and expand its land bank.
Key Strengths of Puranik Builders
- Established Brand in Real Estate • Over 30 years of experience in residential and commercial projects.
- Strong Presence in MMR and PMR • Focused on affordable and mid-income housing segments.
- Ongoing and Upcoming Projects • A robust pipeline of 29 ongoing and 13 forthcoming projects.
- Recognized for Quality and Timely Delivery • Winner of CNBC Awaaz Best Residential Project Award.
IPO Pros and Cons of Puranik Builders
Pros
Growing Demand for Housing • Strong potential in mid-income and affordable housing sectors.
IPO Proceeds Utilization • Debt reduction will improve financial flexibility.
Diversified Project Portfolio • Presence in residential, commercial, and retail developments.
Cons
Market Dependency • Revenue tied to real estate demand and economic cycles.
Regulatory Risks • Compliance with RERA and real estate policies.
High Debt Levels • Borrowings impact profitability and cash flow.
Risk Factors for Puranik Builders
Potential investors should consider the following risks before investing:
- Real Estate Market Volatility • Fluctuations in property demand and pricing.
- Operational Challenges • Managing project approvals, land acquisition, and construction timelines.
- Regulatory Compliance • Adherence to real estate laws and taxation policies.
FAQs About IPO Dashboard
Puranik Builders IPO will open on and close on . Investors must apply within this period to participate.
The Puranik Builders IPO price band is set between ₹0.00 and ₹0.00 per share. The minimum lot size is 0, requiring an investment of at least ₹0.00.
The Puranik Builders IPO shares are expected to be listed on , subject to regulatory approvals and final allotment.
You can track your Puranik Builders IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Puranik Builders IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.