Bookbuilding IPO | ₹23 Cr | Listed at BSE SME | Wed, Sep 24, 2025 - Fri, Sep 26, 2025
Praruh Technologies IPO is a book build issue of ₹23.50 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹23.50 crore.
Praruh Technologies IPO bidding started from Sep 24, 2025 and ended on Sep 26, 2025. The allotment for Praruh Technologies IPO was finalized on Sep 29, 2025. The shares got listed on BSE SME on Oct 1, 2025.
Praruh Technologies IPO price band is set at ₹63 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,78,000.
Corporate Makers Capital Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SMP Securities Ltd..
Refer to Praruh Technologies IPO RHP for detailed Information.
IPO Open
Wed, Sep 24, 2025
IPO Close
Fri, Sep 26, 2025
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹87.76 Cr
| IPO Date | 24 to 26 Sep, 2025 |
| Listed on | Wed, Oct 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹63 |
| Issue Price | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,30,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,88,000 shares SMP Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 35,42,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 35,42,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,02,00,000 shares |
| Share Holding Post Issue | 1,39,30,000 shares |
| BSE Script Code | 544538 |
| ISIN | INE0TI501017 |
Praruh Technologies IPO comprises a total issue size of 37,30,000 shares. The net offer to the public is 35,42,000 shares, after excluding 1,88,000 shares allotted on a firm basis. Of the Net offer 17,70,000 (49.97%) are allocated to QIB, 5,32,000 (15.02%) allocated to NII 12,40,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,70,000 | 49.97% | 47.45% |
| − Anchor Investor Shares Offered | 10,62,000 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 7,08,000 | 18.98% | |
| NII (HNI) Shares Offered | 5,32,000 | 15.02% | 14.26% |
| − bNII > ₹10L | 3,60,000 | 9.65% | |
| − sNII < ₹10L | 1,72,000 | 4.61% | |
| Retail Shares Offered | 12,40,000 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,88,000 | 5.04% | |
| Total Shares Offered | 37,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 14,000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,08,000 |
Praruh Technologies IPO raises ₹6.69 crore from anchor investors. Praruh Technologies IPO Anchor bid date is September 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 23, 2025 |
| Shares Offered | 10,62,000 |
| Anchor Portion (₹ Cr.) | 6.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 30, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 30, 2025 |
Incorporated in 2019, Praruh Technologies Limited is an ICT System Integration firm and digital transformation solutions provider.
The company provides hardware, applications, data centers, networking, security, and audio-video solutions. It offers turnkey ICT solutions, ensuring effective, industry-specific services aligned with client's business strategies.
The company assists organizations in revolutionizing their business and driving growth by offering end-to-end system integration solutions and exceptional service experiences.
Services:
System Integration – Praruh provides end-to-end system integration, simplifying IT infrastructure, optimizing workflows, and enhancing business efficiency with expert solutions across India.
IT Consultancy – Praruh offers tailored IT strategies, covering cloud, risk management, disaster recovery, and strategic planning to support business growth.
Security Solutions – Praruh delivers comprehensive security solutions, including endpoint, network, and application security, powered by advanced technologies and leading OEM partnerships.
Networking Solutions – Praruh builds secure networks, offering LAN/WAN design, network auditing, video conferencing, load balancing, and data center deployments.
As of August 31, 2025, the company had 61 employees.
Competitive Strengths:
Praruh Technologies Ltd.'s revenue increased by 2% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 54.78 | 38.28 | 17.61 |
| Total Income | 62.62 | 61.66 | 28.04 |
| Profit After Tax | 6.79 | 6.50 | 2.18 |
| EBITDA | 10.47 | 9.88 | 3.02 |
| NET Worth | 18.12 | 11.33 | 4.83 |
| Reserves and Surplus | 7.92 | 11.13 | 4.63 |
| Total Borrowing | 17.11 | 13.51 | 1.80 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Certain Borrowings | 6.33 |
| 2 | Unidentified acquisitions in India | 1.00 |
| 3 | Funding of Working Capital Requirement of the company | 11.00 |
| 4 | General corporate purposes | 2.82 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 46.08% |
| ROCE | 53.62% |
| Debt/Equity | 0.94 |
| RoNW | 46.08% |
| PAT Margin | 10.96% |
| EBITDA Margin | 16.92% |
| Price to Book Value | 3.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.65 | 4.87 |
| P/E (x) | 9.47 | 12.93 |
| Promoter Holding | 100% | 73.66% |
| Market Cap | ₹87.76 Cr. |
The Praruh Technologies IPO is subscribed 1.21 times on September 26, 2025 5:04:44 PM (Day 3). The public issue subscribed 0.93 times in the individual investors category, 1.01 times in the QIB category, and 2.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.01 | 7,08,000 | 7,16,000 | 0 |
| NII* | 2.14 | 5,32,000 | 11,40,000 | 0 |
| bNII (bids above ₹10L) | 3.04 | 3,44,000 | 10,46,000 | |
| sNII (bids below ₹10L) | 0.50 | 1,88,000 | 94,000 | |
| Individual Investor | 0.93 | 12,40,000 | 11,52,000 | 0 |
| Total | 1.21 | 24,80,000 | 30,08,000 | 343 |
Total Application : 343
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees, Fees Payable to Registrar to the Issue, Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.40 |
| 2 | Underwriting Commission, Brokerage and selling commission 183.00 77.80 7.78 Fees Payable for A | 1.83 |
| 3 | Fees Payable for Advertising and Publishing Expenses, Payment for Printing & Stationery, Postage, etc | 0.04 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 5 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, and CDPs and Miscellaneous Expenses) | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹63.00 |
| Low | ₹63.00 |
| High | ₹64.90 |
| Last Trade | ₹64.25 |
Lead Manager Reports
Praruh Technologies IPO is a SME IPO of 37,30,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Sep 24, 2025, and closes on Fri, Sep 26, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Praruh Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Praruh Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Praruh Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Praruh Technologies IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025.
Praruh Technologies IPO lot size is 2000, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.
You can apply in Praruh Technologies 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 Praruh Technologies IPO will be done on Monday, September 29, 2025, and the allotted shares will be credited to your demat account by Tue, Sep 30, 2025. Check the Praruh Technologies IPO allotment status.
The Praruh Technologies IPO listing date is on Wed, Oct 1, 2025.
