IPO Key Dates
| Anchor Investor Subscription | |
| IPO opens on | 24 Sept. 2025 |
| IPO Closes on | 26 Sept. 2025 |
| Allotment on | 29 Sept, 2025 |
| Credit of shares on | 30 Sept. 2025 |
| Tentative Listing on | 1 Oct 2025 |
IPO Concise Verdict
Praruh Technologies – Quick Review (Price: Rs. 60–63)
• Rapid scale-up: Total income rose from Rs. 20.28 cr (FY22) to Rs. 61.66 cr (FY24) — ~74% CAGR; PAT grew to Rs. 6.54 cr (~112% CAGR).
• Profitability healthy: FY24 PAT margin ~10.6%; RoE looks elevated (≈80% on avg. equity) but partly flattered by a low base.
• Leverage jumped: Borrowings rose to Rs. 13.51 cr; D/E ~1.2x—watch working-capital discipline and cash flows post-listing.
• Valuation sense-check: At Rs. 60–63, upside looks reasonable if implied P/E stays in mid-teens on FY24 earnings (confirm post-issue market cap).
Call: Apply for listing gains; hold long-term only if debt/receivables remain under control and growth sustains.
Business:
Incorporated in 2019, Praruh Technologies is an ICT system integrator and digital-transformation solutions provider.
It delivers turnkey stacks across hardware, applications, data centers, networking, security, and audio-video.
Core offering: end-to-end system integration to simplify infrastructure, optimize workflows, and lift business efficiency.
IT consultancy spans cloud strategy, risk management, disaster recovery, and long-term tech roadmaps.
Security solutions cover endpoint, network, and application layers, backed by leading OEM partnerships.
Networking services include LAN/WAN design, audits, video conferencing, load balancing, and data-center deployments across India.
IPO Details
| IPO opens on | 24 September 2025 |
| IPO closes on | 26 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 37,30,000 Shares / Rs 23.50 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 1,88,000 Shares |
| Net offer to Public | 35,42,000 Shares Rs. 22.31 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 60-63 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
How shares can be applied?
| Application | Shares | Amount Rs. |
| Retail (Min) | 4,000 | 2,52,000 |
| Retail (Max) | 4,000 | 2,52,000 |
| S-HNI (Min) | 6,000 | 3,78,000 |
| S-HNI (Max) | 14,000 | 8,82,000 |
| B-HNI (Min) | 16,000 | 10,08,000 |
The Promoters
The promoters hold 100.00% of the pre-IPO capital
The Objects of the IPO
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
| Objects of the Issue | To be utilised for (in Millions) |
| Repayment of Certain Borrowings | 70 |
| Unidentified acquisitions in India | 10 |
| Funding of Working Capital Requirement of the company | 140 |
| General corporate purposes |
| Registered Office of the Company |
| Praruh Technologies Ltd. A-58, Sector -6, NOIDA, Gautam Budh Nagar Noida, Uttar Pradesh, 201301 |
| Email: compliance@praruh.in |
| Lead Manager of the IPO |
| Corporate Makers Capital ltd |
| Registrar to the IPO Maashitla Securities Pvt ltd |
Financials Snapshot
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 38.32 | 17.6 | 13.53 |
| Total Income | 61.66 | 28.04 | 20.28 |
| Profit After Tax | 6.54 | 2.16 | 1.46 |
| Net Worth | 11.37 | 4.82 | 2.56 |
| Reserves and Surplus | 11.17 | 4.62 | 2.46 |
| Total Borrowing | 13.51 | 1.8 | 1.39 |
| Amount in Crore | |||
Key Financial Indicators
| KPI | Values |
| ROE | 57.57% |
| ROCE | 61.27% |
| Debt/Equity | 1.19 |
| RoNW | 57.57% |
| PAT Margin | 10.65% |
| Price to Book Value | 0.11 |
| EPS | 6.42 |
| PER | 9.82 |
Peer Comparison:
| Company Name | P/E (x) | RoNW (%) |
| Praruh Technologies Limited | 57.57 | |
| Esconet Technologies Limited | 33.5 | 25 |
Quicklinks
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
