Praruh Technologies Ltd IPO
Status: Closed
Overview
IPO date
24 Sept 2025 to 26 Sept 2025
Face value
₹ 0 per share
Price
₹ 60 to ₹63 per share
Issue Size
3,730,000 shares
(aggregating up to ₹ 23.5 Cr)
(aggregating up to ₹ 23.5 Cr)
Allotment Date
29 Sept 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
IT - Software
Objectives of Praruh Technologies Ltd IPO
Praruh Technologies Ltd IPO Strategy
About Praruh Technologies Ltd
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T&C*
Strengths vs Risks of Praruh Technologies Ltd
Know the pros & cons
Strengths
Diversified range of services offered.- Strong Client base.
- Experience of our Promoter and core management team.
- Quality Assurance.
- Cost competitiveness and time bound delivery.
Risks
- Substantial portion of our revenue has been dependent upon our few customers. The loss of any one or more of our major clients would have a material effect on our business operations and profitability.
- Our business, growth prospects and financial performance largely depends on our ability to obtain new contracts, and there is no assurance that we will be able to procure new contracts.
- Tender are typically awarded to us on satisfaction of prescribed pre- qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not allotted to us.
- We depend on third parties for the supply of finished goods or products and do not have firm commitments for supply or exclusive arrangements with any of our suppliers. Loss of suppliers may have an adverse effect on our business, results of operations and financial condition.
- Our Company is a party to certain tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our lenders have charged over our movable and immovable properties and book debts in respect of finance availed by us.
- Our Company has given commitments of ? 964.03 Lakhs on March 31, 2025 in respect to the assignments undertaken from the clients. We cannot assure that there will be no default on our part in the future.
- Our Long term and Short term borrowing has increase drastically in the FY 2024-25 and non - payment of the same may adversely affect our business operations.
- Change in Auditor due to Casual Vacancy.
- We have certain outstanding litigation against our Company, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- If we are unable to successfully protect our computer systems from security risks, our business could suffer.
- We have experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect our cash flow requirements, which in turn may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
- There have been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent.
- We are engaged in industry of Information Technology which is the fastest evolving industry in the world, (risk of obsolescence in current technology).
- We have in the past entered into related party transactions and may continue to do so in the future.
- If we unable to attract and retain highly skilled IT professionals, we may not have the necessary resources to properly staff projects, and failure to successfully compete for such IT professionals could materially adversely affect our business, financial condition and results of operations.
- We require certain registrations and permits to operate our business, and failure to obtain them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate our business may adversely affect our operations and financial conditions.
- Our Promoters and Directors have extended mortgage over their properties along with personal guarantees with respect to various loan facilities availed by our Company. Revocation of any or all of these personal guarantees may adversely affect our business operations and financial condition.
- We have contingent liabilities and capital commitments. Our financial condition could be adversely affected if any of these contingent liabilities or capital commitments materialize.
- Our revenues and expenses are difficult to predict and can vary significantly from period to period, which could impact our share price.
- Disruption of operations at our software development facilities may adversely affect our business, financial condition and results of operations.
- Our insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business.
- Disruption of operations at our software development facilities may adversely affect our business, financial condition and results of operations.
- Our success depends largely upon the services of our Promoter and other Key Managerial Personnel and our ability to retain them. Our inability to attract and retain key managerial personnel may adversely affect the operations of our Company.
- Our business is subject to evolving laws regarding privacy, data protection, and other related matters. Many of these laws are subject to change and could result in claims, changes to our business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise which may harm our business.
- Incorrect or improper implementation or use of our software or inability of our platform to integrate with third-party software or hardware could result in customer dissatisfaction and negatively affect our business, operations, financial results and growth prospects.
- Our Company's logo Praruh Driving Technology is not registered and is in the process of Registration with Registrar of Trademark; any infringement of our brand name or failure to get it registered may adversely affect our business.
- Changes in technology may render our current technologies obsolete or require us to make substantial capital investments.
- Significant disruptions in our information technology systems or breaches of data security could adversely affect our business and reputation.
- We face strong competition from onshore and offshore IT services companies, and increased competition, our inability to compete successfully against competitors, pricing pressures or loss of market share could materially adversely affect our business, financial condition and results of operations.
- Our Promoters and members of the Promoter Group will continue jointly to retain majority control over our Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
- There may be potential conflicts of interest of our Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as our business operations.
- We have not made any dividend payments in the past and our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in our financing arrangements.
- The objects of the Issue include funding working capital requirements of our Company, which is based on certain assumptions and estimates.
- Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.
- In addition to normal remuneration, other benefits, and reimbursement of expenses of our Directors (including our Promoter) and Key Management Personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
- Our inability to respond adequately to increased competition in our business may adversely affect our business, financial condition and results of operations.
- The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
- Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which we operate is evolving and is subject to change.
- There is no monitoring agency appointed by Our Company to monitor the utilization of the Issue proceeds.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.
- Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
- We are exposed to the risks of malfunctions or disruptions of information technology systems.
- The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
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The IPO opens on 24 Sept 2025 & closes on 26 Sept 2025.
Praruh Technologies Limited was originally incorporated as a Private Limited Company as 'Praruh Private Limited' on November 15, 2019 with the Registrar of Companies, Kanpur. Further, Company's name changed from 'Praruh Private Limited' to 'Praruh Technologies Private Limited' and a fresh Certificate of Incorporation dated March 22, 2024 and it subsequently converted the status into Public Limited and a fresh Certificate of Incorporation dated June 27, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Company is engaged in the business of consultancy in the field of information technology, supplies related to system integration & infrastructure, system delivery, Implementation & integration, complete management of IT operations and infrastructure. Services designed to facilitate the use of technology by enterprises and end users. Supplies & Services provide specialized technology-oriented solutions by combining the processes and functions of software, hardware, networks, telecommunications and electronics Services that offer support, management and self-service tools for configuring and operating infrastructure including software development including scientific information technology based activity and other business activities.
The Company's extensive investment in developing technical capabilities, support infrastructure, and engineering services allow it to manage complex IT projects with precision. This commitment is particularly evident in its data center consolidation projects and similar initiatives, where Praruh's expertise proves invaluable. The Company boasts a highly certified and trained team of consulting sales and services professionals who provide 24/7 support, ensuring that any IT challenge is met with prompt and effective solutions.
The Company has launched the IPO by issuing 37,30,000 equity shares of Rs 10 each, by raising Rs 23.50 crores in September, 2025.
Praruh Technologies Ltd IPO will close on 26 Sept 2025.
- Diversified range of services offered.
- Strong Client base.
- Experience of our Promoter and core management team.
- Quality Assurance.
- Cost competitiveness and time bound delivery.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Vishal Prakash | 5099898 | 49.99 | 5099898 | 36.61 |
| 2 | Amar Deep Sharma | 2549949 | 24.99 | 2549949 | 18.52 |
| 3 | Rahul Sharma | 2549949 | 24.99 | 2549949 | 18.52 |
| 4 | Pariza Chaturvedi | 51 | --- | 51 | --- |
| 5 | Nilam Pandey | 51 | --- | 51 | --- |
| 6 | Vikash Prakash | 51 | --- | 51 | --- |
- Substantial portion of our revenue has been dependent upon our few customers. The loss of any one or more of our major clients would have a material effect on our business operations and profitability.
- Our business, growth prospects and financial performance largely depends on our ability to obtain new contracts, and there is no assurance that we will be able to procure new contracts.
- Tender are typically awarded to us on satisfaction of prescribed pre- qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not allotted to us.
- We depend on third parties for the supply of finished goods or products and do not have firm commitments for supply or exclusive arrangements with any of our suppliers. Loss of suppliers may have an adverse effect on our business, results of operations and financial condition.
- Our Company is a party to certain tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our lenders have charged over our movable and immovable properties and book debts in respect of finance availed by us.
- Our Company has given commitments of ? 964.03 Lakhs on March 31, 2025 in respect to the assignments undertaken from the clients. We cannot assure that there will be no default on our part in the future.
- Our Long term and Short term borrowing has increase drastically in the FY 2024-25 and non - payment of the same may adversely affect our business operations.
- Change in Auditor due to Casual Vacancy.
- We have certain outstanding litigation against our Company, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- If we are unable to successfully protect our computer systems from security risks, our business could suffer.
- We have experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect our cash flow requirements, which in turn may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
- There have been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent.
- We are engaged in industry of Information Technology which is the fastest evolving industry in the world, (risk of obsolescence in current technology).
- We have in the past entered into related party transactions and may continue to do so in the future.
- If we unable to attract and retain highly skilled IT professionals, we may not have the necessary resources to properly staff projects, and failure to successfully compete for such IT professionals could materially adversely affect our business, financial condition and results of operations.
- We require certain registrations and permits to operate our business, and failure to obtain them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate our business may adversely affect our operations and financial conditions.
- Our Promoters and Directors have extended mortgage over their properties along with personal guarantees with respect to various loan facilities availed by our Company. Revocation of any or all of these personal guarantees may adversely affect our business operations and financial condition.
- We have contingent liabilities and capital commitments. Our financial condition could be adversely affected if any of these contingent liabilities or capital commitments materialize.
- Our revenues and expenses are difficult to predict and can vary significantly from period to period, which could impact our share price.
- Disruption of operations at our software development facilities may adversely affect our business, financial condition and results of operations.
- Our insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business.
- Disruption of operations at our software development facilities may adversely affect our business, financial condition and results of operations.
- Our success depends largely upon the services of our Promoter and other Key Managerial Personnel and our ability to retain them. Our inability to attract and retain key managerial personnel may adversely affect the operations of our Company.
- Our business is subject to evolving laws regarding privacy, data protection, and other related matters. Many of these laws are subject to change and could result in claims, changes to our business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise which may harm our business.
- Incorrect or improper implementation or use of our software or inability of our platform to integrate with third-party software or hardware could result in customer dissatisfaction and negatively affect our business, operations, financial results and growth prospects.
- Our Company's logo Praruh Driving Technology is not registered and is in the process of Registration with Registrar of Trademark; any infringement of our brand name or failure to get it registered may adversely affect our business.
- Changes in technology may render our current technologies obsolete or require us to make substantial capital investments.
- Significant disruptions in our information technology systems or breaches of data security could adversely affect our business and reputation.
- We face strong competition from onshore and offshore IT services companies, and increased competition, our inability to compete successfully against competitors, pricing pressures or loss of market share could materially adversely affect our business, financial condition and results of operations.
- Our Promoters and members of the Promoter Group will continue jointly to retain majority control over our Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
- There may be potential conflicts of interest of our Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as our business operations.
- We have not made any dividend payments in the past and our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in our financing arrangements.
- The objects of the Issue include funding working capital requirements of our Company, which is based on certain assumptions and estimates.
- Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.
- In addition to normal remuneration, other benefits, and reimbursement of expenses of our Directors (including our Promoter) and Key Management Personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
- Our inability to respond adequately to increased competition in our business may adversely affect our business, financial condition and results of operations.
- The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
- Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which we operate is evolving and is subject to change.
- There is no monitoring agency appointed by Our Company to monitor the utilization of the Issue proceeds.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.
- Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
- We are exposed to the risks of malfunctions or disruptions of information technology systems.
- The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
The Issue type of Praruh Technologies Ltd is Book Building - SME.
The minimum application for shares of Praruh Technologies Ltd is 4000.
The total shares issue of Praruh Technologies Ltd is 3730000.
Initial public issue of up to 37,30,00 equity shares of face value of Rs. 10/- each of Praruh Technologies Limited ("P T L" or the "Company" or the Issuer) for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share (the issue price) aggregating to Rs. 23.50 crores (the Issue), of which 1,88,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 1.18 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The public issue less the market maker reservation portion i.e. net issue of 35,42,000 equity shares of face value of Rs. 10/- each at a issue price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 22.31 crores is herein after referred to as the net issue. The public issue and the net issue will constitute 26.78% and 25.44% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 60/- to Rs. 63/- for equity share of face value of Rs. 10 each.
The floor price is 6.0 times times the face value and cap price is 6.30 times of the face value of the equity shares.
Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.