211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Praruh Technologies IPO Review

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Praruh Technologies IPO Date
  • IPO Open Date:
    24 Sep 2025
  • IPO Close Date:
    26 Sep 2025
  • IPO Allotment Date:
    29 Sep 2025
  • Tentative Refund Date:
    30 Sep 2025
  • IPO Listing:
    1 Oct 2025
Check Praruh Technologies IPO GMP

Praruh Technologies IPO Overview

Sector Update

Operating in the Information Technology and Global information technology market size reached to USD 1,532 billion in 2023 from USD 1,093 in 2019 growing at a CAGR of 8.8%.

Growth drivers

The growth drivers include Low Cost Skilled Labour, Continued focus on quality and Rapid growth in key business infrastructure.

Financial Update:
(comparison of FY23 FY24 )
Revenue ₹27.97 cr ₹61.44 cr (+119.66%)
PAT ₹2.16 cr ₹6.54 cr (+202.78%)
PAT Margin 7.72 % 10.64 % (+37.82%)
EBITDA ₹3.18 cr ₹10.50 cr (+230.19%)
EBITDA Margin 11.37 % 17.09 % (+50.31%)
ROE 44.81 % 57.52 % (+28.36%)
ROCE 63.86 % 61.27 % (-4.06%)
D/E 0.37 1.19 (+221.62%)
Business Diversification

Company specializes in a broad spectrum of services, including Hardware, Applications, Data Centre, Networking, Storage, Security, Audio-Video Integration and Collaboration Solutions. By offering turnkey solutions and leveraging best practices in ICT systems and infrastructure, it addresses the diverse needs of various industries and organizations, ensuring that each solution is both effective and aligned with the client's business strategy.

IPO Valuation

PE Ratio: 13.41x Average Sector PE Ratio: 17.57x

Praruh Technologies IPO Reservation

Praruh Technologies IPO Share Allocation
QIB Shares Offered: 1770000
- Anchor Investor Shares Offered: 1062000
− QIB (Ex. Anchor) Shares Offered : 708000
NII (HNI) Shares Offered: 532000
- bNII > ₹10L: 344000
- sNII < ₹10L: 188000
Retail Shares Offered: 1240000
Total Shares Offered: 3542000
Praruh Technologies IPO Lot Size
Application Lot Shares Amount
Individual investors (Retail) (Max) 2 4000 ₹252000
S-HNI (Min) 3 6000 ₹378000
S-HNI (Max) 7 14000 ₹882000
B-HNI (Min) 8 16000 ₹1008000

Interesting facts about IPO

IPO Size: ₹ 23.50 Cr.

Avg IPO Size (Sector Based):

₹ 26.46 cr.


SME IPO so far in this sector:

99

Merchant Banker: Corporate Makers

SME IPO by BRLM so far:

6


SME IPO so far in this city:

179

PE Ratio: 13.41

Average Sector PE Ratio:

17.57 X

Price Band (Upper): ₹ 63.00

Listing Price:

₹ 83.00

Business Profile

Praruh was incorporated on November 15, 2019, under the Companies Act, 2013, with the Registrar of Companies, Kanpur. Over time, the company underwent changes in its name and registration, as detailed in the “History and Corporate Structure” section of the Draft Red Herring Prospectus. The name Praruh signifies "to grow," reflecting its mission of enabling business growth through technology.

The company is a leading ICT system integration firm offering turnkey solutions across hardware, applications, data centers, networking, storage, security, audio-video integration and collaboration solutions. Its offerings cater to diverse industries and organizations with a focus on comprehensive ICT infrastructure.

Praruh follows a consulting-led approach that combines technical expertise with service excellence. With strong investments in technical capabilities, infrastructure, and engineering services, it manages complex IT projects, particularly in data center consolidation and related initiatives, ensuring efficiency and alignment with client strategies.

Strengths and Challenges as per DRHP

Strengths Image
  • Diversified range of services offered
  • Strong Client base
  • Experience of our Promoter and core management team
  • Quality Assurance
  • Cost competitiveness and time bound delivery
Strengths Image
WEAKNESSES Image
  • Ethical Considerations and Responsible AI
  • Cybersecurity Threats
  • Tech Talent Shortage
Strengths Image
S
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Comparison of Praruh Technologies IPO with some Listed peers/Listing Gains in the Similar sector

Select Listed IPO for Comparison:
Basis
Praruh Technologies IPO
vs
vs
vs

IPO Date
1st Oct 2025


IPO Size
₹ 23.50 Cr.

Total Assets
₹ 38.32 Cr.

Revenue
₹ 61.44 Cr.

PAT
₹ 6.54 Cr.

PAT Margin
10.64 %

Leverage Ratio
1.19 x

PE Multiple
13.41 x

EV/EBITDA
9.63 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

Praruh Technologies IPO Objectives (Objects of Offer) and expected Utilisation

To meet out the repayment of certain borrowings
[●]

Track Record of (Merchant Banker)/merchant Banker Report

Corporate Makers Capital Limited, based in New Delhi is the Lead Manager (BRLM) of Praruh Technologies IPO. Corporate Makers Capital Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Corporate Makers Capital Limited .

Read more details of this IPO

Peer Companies Of This Sector

FAQs

Praruh Technologies IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Praruh Technologies Financial Review Page

Praruh Technologies IPO subscription was 1.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Praruh Technologies IPO listed at a listing price of 83.00 against the offer price of 63.00.

The current market price of Praruh Technologies is 62.80.

Services

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Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

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