Praruh Technologies Ltd. is set to launch its IPO, a Book Built Issue, aiming to raise approximately ₹23.50 crores through a fresh issue of shares, each carrying a face value of ₹10. The IPO will be open for subscription from September 24, 2025, to September 26, 2025, with a price band set at ₹60 to ₹63 per share.
The allocation for the IPO is structured as 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The shares are slated to list on the BSE SME platform on October 1, 2025, with the allotment expected to be finalized on September 29, 2025.
Financially, the company showcased strong growth, reporting revenues of ₹61.66 crores in 2024, a significant rise from ₹28.04 crores in 2023. Its profit also surged to ₹6.54 crores in 2024, compared to ₹2.16 crores in 2023. Based on these robust financials, the IPO appears suitable for investors with a long-term investment perspective.
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Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 24, 2025 |
| IPO Close Date | September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹60 to ₹63 per share |
| Issue Size | Approx. ₹23.50 Crores |
| Fresh Issue | Approx. ₹23.50 Crores |
| Offer for Sale | – |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| NII (HNI) Quota | Up to 15% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | 2,52,000 |
| Retail Maximum | 2 | 4,000 | 2,52,000 |
| S-HNI Minimum | 3 | 6,000 | 3,78,000 |
| S-HNI Maximum | 7 | 14,000 | 8,82,000 |
| B-HNI Minimum | 8 | 16,000 | 10,08,000 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | September 24, 2025 |
| IPO Closing | September 26, 2025 |
| Basis of Allotment | September 29, 2025 |
| Refund Initiation | September 30, 2025 |
| Demat Credit | September 30, 2025 |
| Listing Date | October 1, 2025 |
Promoters
- Vishal Prakash
- Amar Deep Sharma
- Rahul
About the Company
Praruh Technologies Limited, established in 2016, is an emerging player in the ICT system integration and technology solutions industry in India. The company specializes in providing end-to-end solutions leveraging cutting-edge technologies, including drone-based services, hyperspectral imaging, and tailored IT infrastructure for sectors like railways, defense, government, and agriculture. It integrates machine learning and artificial intelligence into its offerings, such as drone-equipped hyperspectral imaging for crop monitoring and precision farming. With a strong track record of delivering IT projects for clients like Delhi Metro and the Airport Authority of India, Praruh emphasizes quality assurance, diverse clientele, and an experienced team. The IPO aims to raise ₹23.50 crores through a fresh issue of 37,31,200 equity shares, with proceeds allocated for capital expenditure, working capital requirements, and general corporate purposes.
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 20.28 | 18.31 | 1.46 | 13.53 |
| 2023 | 28.04 | 25.15 | 2.16 | 17.60 |
| 2024 | 61.66 | 52.92 | 6.54 | 38.32 |
Key Financial Ratios (FY2024)
| KPI | Value |
|---|---|
| ROE | 57.57% |
| ROCE | 61.27% |
| EBITDA Margin | 17.09% |
| PAT Margin | 10.65% |
| Debt to Equity Ratio | 1.19 |
| EPS (Basic) | ₹327.24 |
| P/E Ratio | N/A |
| RoNW | 57.57% |
| Net Asset Value (NAV) | ₹568.38 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Esconet Technologies Limited | 5.84 | 33.50 | 225.00% | 29.85 | – |
Purpose of the IPO
- Repayment of Certain Borrowings
- Unidentified acquisitions in India
- Funding Working Capital Requirements
- General Corporate Purpose
Registrar & Contact Details
Registrar:
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: rta@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Lead Manager:
Corporate Makers Capital Ltd.
Company Address:
Praruh Technologies Ltd.
A-58, Sector -6, NOIDA, Gautam Budh Nagar, Noida, Uttar Pradesh, 201301
Phone: +911203583845
Email: compliance@praruh.in
Website: http://www.praruh.in/