Summary
Pranav Construction plans to raise ₹315 crore through its fresh IPO issue, with ₹145 crore allocated for FSI and approval costs and ₹91.5 crore for debt repayment. Whole time Director Ravi Ramalingam stated that the company aims to manage leverage and interest costs through early financial closure and planned sales, addressing its current debt of around ₹236 crore.
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