The Rs 23.5 crore IPO was a fully fresh issue of 37.3 lakh shares. It opened for bidding between September 24 and September 26 and saw an overall subscription of 1.2 times.
Non-institutional investors showed the most interest, subscribing their quota 2.1 times, while qualified institutional buyers just about covered their portion at 1.01 times. Retail participation was relatively weak, with only 0.9 times subscription. The company also raised Rs 6.7 crore from anchor investors ahead of the issue.
Praruh Technologies is an ICT system integration and digital transformation solutions firm. It provides a wide range of services including hardware supply, applications, networking, security solutions, IT consultancy and data center management.
The company positions itself as an end-to-end service provider, offering tailored IT solutions for businesses across sectors. As of August 2025, it employed 61 people and catered to a diverse client base.
Financially, the company has shown modest growth. Its revenue in FY25 stood at Rs 62.6 crore, a small 2% increase from the previous year, while profit after tax rose 4% to Rs 6.8 crore. Margins remained steady with a PAT margin of nearly 11%.The company’s stock performance post listing will depend on how well it executes its working capital expansion, manages acquisitions, and sustains profitability in a crowded ICT market.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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