Pranav Constructions

 Pranav Constructions, Fujiyama Power, SIS Cash Services gets Sebi nod for IPOs 

Pranav Constructions, Fujiyama Power, and SIS Cash Services has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI) for IPO.

 

Pranav Constructions IPO

Mumbai-based Real Estate Player, Pranav Constructions Limited is planning to raise funds through Initial Public Offering (IPO). The Company had filed its IPO papers with Sebi on February 28, 2025. The IPO, with a face value of Rs 10, is a mix of fresh issue of shares up to Rs 392 crore and an offer-for-sale up to 23,07,472 equity shares by BioUrja India Infra Private Limited and up to 5,49,397 equity shares by Ravi Ramalingam.

 

Pranav Constructions Limited is a leading real estate developer, particularly in the MCGM redevelopment segment in Mumbai’s Western Suburbs. According to a C&W Report mentioned in the Draft Red Herring Prospectus (DRHP), it holds the top position in redevelopment companies based out of Mumbai predominantly undertaking redevelopment projects in the Western Suburbs focusing on Economical29, Mid and Mass30, and Aspirational31 homes. With a total of 1,503 units across 27 such projects (both completed and ongoing), Pranav Constructions significantly outpaces other developers in the region, who have undertaken only 2 to 7 similar projects each between CY 2017 and CY 2024. The company specializes in redevelopment projects catering to Economical, Mid and Mass, and Aspirational housing segments.

 

Fujiyama Power IPO

Noida-based Rooftop Solar Company Fujiyama Power Systems Limited has refiled its Draft Red Herring Prospectus (DRHP) to raise funds through Initial Public Offering (IPO). The IPO, with a face value of Re 1, is a mix of fresh issue of shares up to Rs 600 crore and an offer-for-sale of up to 10 million by Pawan Kumar Garg, and up to 10 million shares by Yogesh Dua.

Fujiyama Power Systems, is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. The company excels in solar panel manufacturing, solar invester, manufacturing (covering on-grid, hybrid and off-grid solutions), and both lead acid and lithium-ion battery production. The company has a robust R&D capability in inverter technology and provide a variety of solar SKU’s, distinguishing company as a well-rounded leader in the industry. The company has built brand recall and reputation in the industry through brands UTL Solar, which has a 28 years legacy and Fujiyama Solar.

 

SIS Cash Services IPO

SIS and Singpai-backed cash logistics solutions provider SIS Cash Services has filed draft red herring prospectus with the SEBI to raise funds via initial public offering. The IPO will be a combination of fresh issuance of equity shares worth Rs 100 crore, and an offer-for-sale of up to 17.95 lakh and 19.19 lakh shares by SIS, and SMC Integrated Facility Management Solutions respectively.

SIS Cash Services has been providing cash logistics solutions for 13 years. It operates under the trademark SIS prosegur, and its subsidiary SIS Prosegur Holdings operates under the trademark SISCO. It is the second largest cash logistics player in the Indian cash logistics industry in terms of revenue from operations for Fiscal 2024, having an overall market share estimated to be around 17-18% (source: CRISIL Report).