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Prakhar Software Solutions Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 31, 2025 to raise funds through Initial Public Offer (IPO).
Prakhar Software Solutions Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Arihant Capital Markets Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Prakhar Software Solutions IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,22,16,000 shares |
| Share Holding Post Issue | 2,44,32,000 shares |
| 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 |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 31, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in January 2014, Prakhar Software Solution Limited operates in IT and e-government, providing services from Software Requirement Specification (SRS) document creation to software development and implementation.
The company has expanded into Recruitment Process Outsourcing (RPO), Turnkey Project Management Consultancy (PMC), and Employable Skill Development IT Solutions. Recently, it also ventured into drone services and skill development in the drone industry.
The company has quality accreditations including ISO 9001:2015, ISO 45001:2018, ISO/IEC 20000-1:2018, ISO/IEC 27001:2022, and is CMMI Institute accredited at SVC ML3.
The company has expanded its operations with ten offices and five training centers nationwide.
Services Offered:
The company has offices in Delhi and a training centre in Dodi, Sehore, Madhya Pradesh.
As of September 30, 2024, the company has had 244 employees.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 72.84 | 48.38 | 25.94 | 20.18 |
| Total Income | 74.3 | 96.41 | 86.86 | 60.02 |
| Profit After Tax | 12.51 | 7.08 | 3.38 | 2.41 |
| Net Worth | 27.51 | 15.01 | 7.94 | 4.56 |
| Reserves and Surplus | 13.25 | 14.7 | 7.63 | 4.25 |
| Total Borrowing | 12.39 | 9.79 | 3.65 | 2.71 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 61.68% |
| ROCE | 44.28% |
| Debt/Equity | 0.65 |
| RoNW | 61.69% |
| PAT Margin | 7.34% |
The Company Prakhar Software Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding for setting up of advanced technology | 389.16 |
| 2 | Fund Utilization for business developments | 74.8 |
| 3 | Fund Deployment on Research and Development | 207.71 |
| 4 | Funding the long-term working capital requirement | 140 |
| 5 | Funding inorganic growth through Unidentified Acquisition and other strategic initiatives and General Corporate Purpose |
Prakhar Software Solutions Ltd.
C-11, LGF,
C-Block
Malviya Nagar, South Delh
South Delhi, New Delhi, 110017
Phone: +91 92892 5812
Email: niharika.jajoo@prakharsoftwares.com
Website: https://www.prakharsoftwares.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Prakhar Software Solutions IPO is a SME IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Prakhar Software Solutions IPO open and close dates are not available as of now.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Prakhar Software Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Prakhar Software Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prakhar Software Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prakhar Software Solutions IPO dates are not announced. Please check back again after some time.
Prakhar Software Solutions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Prakhar Software Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Prakhar Software Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prakhar Software Solutions IPO allotment status.
The Prakhar Software Solutions IPO listing date is not yet announced. The tentative date of Prakhar Software Solutions IPO listing is [.].
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