India’s IPO market continues to provide avenues for investors to participate in growth sectors, including technology and digital transformation. Praruh Technologies Limited, an ICT system integration and digital solutions provider, is set to open its IPO on September 24, 2025, offering investors an opportunity to gain exposure to the IT infrastructure and consultancy segment.
About Praruh Technologies Ltd.
Incorporated in 2019, Praruh Technologies Limited specialises in ICT system integration and digital transformation solutions. The company provides end-to-end services covering hardware, software, networking, security, data centres, and audio-video solutions.
Its offerings include:
- System Integration: Simplifying IT infrastructure, optimising workflows, and enhancing operational efficiency.
- IT Consultancy: Tailored IT strategies, including cloud, risk management, disaster recovery, and strategic planning.
- Security Solutions: Comprehensive endpoint, network, and application security.
- Networking Solutions: Secure LAN/WAN design, network auditing, video conferencing, load balancing, and data centre deployments.
As of August 31, 2024, the company employed 47 professionals, combining technical expertise with domain knowledge to serve diverse clients across India.
Competitive Strengths:
- Established track record in ICT solutions
- Quality assurance and service control
- Diverse clientele
- Experienced promoters and management team
- Tailored IT solutions for industry-specific requirements
Praruh Technologies IPO Details
The Praruh Technologies IPO is a book-building issue of ₹23.50 crore, entirely a fresh issue of 0.37 crore shares. The IPO will be listed on the BSE SME.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 24, 2025 |
| IPO Close Date | Sep 26, 2025 |
| Tentative Allotment | Sep 29, 2025 |
| Initiation of Refunds | Sep 30, 2025 |
| Credit of Shares to Demat | Sep 30, 2025 |
| Tentative Listing Date | Oct 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 26, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹60 – ₹63 per share |
| Lot Size | 2,000 shares |
| Total Issue Size | 37,30,000 shares (₹23.50 Cr) |
| Reserved for Market Maker | 1,88,000 shares (₹1.18 Cr) |
| Net Offered to Public | 35,42,000 shares (₹22.31 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 1,02,00,000 shares |
| Shareholding Post-Issue | 1,39,30,000 shares |
Investor Category Reservation:
- QIB: Not more than 50% of net issue
- Retail: Not less than 35% of net issue
- NII: Not less than 15% of net issue
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 4,000 | ₹2,52,000 |
| 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 |
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Promoter Holding:
The company’s promoters include Mr. Vishal Prakash, Mr. Amar Deep Sharma, and Mr. Rahul.
- Pre-IPO: 100%
- Post-IPO: NA
Book Running Lead Manager: Corporate Makers Capital Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
Praruh Technologies Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 38.32 | 17.60 | 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 & Surplus | 11.17 | 4.62 | 2.46 |
| Total Borrowing | 13.51 | 1.80 | 1.39 |
Key Performance Indicators (FY2024):
| KPI | Value |
| Market Capitalisation | ₹87.76 Cr |
| ROE | 57.57% |
| ROCE | 61.27% |
| Debt/Equity | 1.19 |
| RoNW | 57.57% |
| PAT Margin | 10.65% |
| Price to Book Value | 0.11 |
| EPS (Pre-IPO) | ₹6.42 |
| EPS (Post-IPO) | ₹4.70 |
| P/E (Pre-IPO) | 9.82x |
| P/E (Post-IPO) | 13.41x |
Objects of the Issue
| Object | Expected Amount (₹ Millions) |
| Repayment of Certain Borrowings | 70 |
| Unidentified Acquisitions in India | 10 |
| Funding of Working Capital Requirement | 140 |
| General Corporate Purposes | Balance |
Industry Outlook
The ICT system integration and digital transformation sector in India is witnessing strong growth, driven by:
- Increasing adoption of cloud and digital technologies across industries
- Rising demand for IT consultancy and integrated solutions
- Expansion of data centres and secure networking infrastructure
- Government and enterprise initiatives on digitalisation
Praruh Technologies, with its integrated services and experienced team, is well-positioned to capitalise on these trends.
Conclusion
Praruh Technologies IPO offers investors a chance to invest in a niche IT infrastructure and digital solutions firm with a strong growth trajectory. Its consistent financial performance, experienced management, and diversified services provide a stable business model. Investors should, however, consider risks such as dependence on specific industry sectors, competition from larger IT integrators, and technology obsolescence.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
