The company has fixed the price band at Rs 60–63 per share. The IPO comprises a fresh issue of 37.3 lakh shares. At the upper end of the band, the post-issue market capitalisation is expected to be around Rs 87.76 crore. The grey market premium (GMP) currently stands at nil, reflecting muted expectations for listing gains.
Issue structure
Of the total issue, 1.88 lakh shares are reserved for the market maker. The remaining 35.42 lakh shares are offered to the public, with not more than 50% earmarked for qualified institutional buyers (QIBs), not less than 35% for retail investors, and not less than 15% for non-institutional investors.Investors can bid for a minimum of 4,000 shares, requiring an investment of Rs 2.52 lakh. For HNIs, the minimum application size is 6,000 shares, translating to Rs 3.78 lakh.
About the company
Praruh Technologies is an ICT system integration and digital transformation solutions provider. The company offers end-to-end services across hardware, data centers, applications, networking, security, and audio-visual solutions.Its portfolio includes system integration, IT consultancy, security solutions, and networking deployments. The company focuses on aligning technology strategies with client business needs, delivering customised IT and infrastructure services.
Financials
The company reported revenues of Rs 61.66 crore in FY24, up from Rs 28.04 crore in FY23. Profit after tax more than tripled to Rs 6.54 crore in FY24 from Rs 2.16 crore in the previous year.
Use of proceeds
as a Reliable and Trusted News SourceFunds raised will go towards repayment of borrowings (Rs 7 crore), acquisitions in India (Rs 1 crore), working capital (Rs 14 crore), and general corporate purposes.