Account
Watchlists
Bookmarks
Pricing
Home
Dashboard
Ask Portfolio
Discovery
Timeline
Toolkit
Multibagg AI is an AI powered stock research and analysis platform. We provide data, information, content, and analytics for publicly traded Indian companies listed on NSE and BSE. AI can make mistakes, check important information.
Prices might be delayed by a few minutes.
Join our Exclusive Community
Made with 💙 in India. © Finsky Technologies Pvt Ltd. 2025
Praruh Technologies Limited, incorporated in 2019, is an Information and Communication Technology (ICT) system integration firm that provides end-to-end technology solutions. The company specializes in a wide range of services, including hardware, applications, data center management, networking, storage, security, and audio-video integration. Operating with a consulting-led approach, Praruh Technologies delivers turnkey solutions and best practices to a diverse client base across various industries, aiming to drive business growth by addressing complex IT and data requirements.
Opening Date
Sep 24, 2025
Closing Date
Sep 26, 2025
Listing Date
Oct 01, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
23.5 Cr
Fresh Issue
23.5 Cr
Offer for Sale
—
Price Band
₹60 - ₹63
Lot Size
2000
The net proceeds from the issue are proposed to be utilized for the following objectives:
Full or partial repayment or pre-payment of certain secured and unsecured borrowings availed by the company, amounting to up to ₹7.00 crores, to reduce outstanding debt, lower debt servicing costs, and improve the debt-to-equity ratio.
Funding unidentified strategic acquisitions in India within the same line of business to facilitate inorganic growth, expand market presence, scale up operations, and benefit from economies of scale, with an allocation of up to ₹1.00 crore.
Financing the company's working capital requirements to support incremental business needs, fund growth opportunities, and manage day-to-day operations, with an estimated amount of up to ₹14.00 crores.
To meet general corporate purposes, including but not limited to, funding operational expenses, business development, marketing capabilities, and addressing unforeseen exigencies to drive business growth.
P/E Ratio
78.79
EPS
0.8
ROE
46.08%
ROCE
53.62%
RONW
46.08%
Debt to Equity Ratio
0.94
PAT Margin
10.96%
EBITDA Margin
16.92%
P/B
3.55
Established track record since 2019 with successful delivery of major IT projects for clients like Delhi Metro Rail Corporation.
Diverse clientele across various sectors including railways, defence, and government, reducing dependency on any single industry.
Experienced promoters and management team with deep understanding of cutting-edge technologies and extensive industry experience.
Strong quality assurance and control processes integral to operations, ensuring high customer satisfaction and retention.
High customer concentration, with the top 10 customers accounting for 98.99% of revenue from operations in FY2024.
The company operates in a highly competitive and fragmented IT services industry with numerous domestic and multinational players.
Relatively short operational history, having been incorporated in late 2019, which may limit brand recognition compared to established players.
Significant increase in total borrowings, leading to a higher debt-to-equity ratio and increased financial leverage.
Increasing digitization and demand for emerging technologies like AI, Cloud Computing, and Cybersecurity provide significant growth avenues.
Government initiatives like 'Make in India' and increased spending on infrastructure projects create new business opportunities.
Inorganic growth through strategic acquisitions, for which a portion of the IPO proceeds is allocated, to expand market presence and service offerings.
Expansion into new domestic and international markets by leveraging existing expertise and relationships.
The business is susceptible to slowdowns in global and domestic economies, which can lead to reduced IT spending by clients.
Intense competition from both established and new players in the IT services sector can put pressure on pricing and profitability.
Rapid technological advancements require continuous investment and adaptation to stay relevant, posing a risk of obsolescence.
Geopolitical instability, inflation, and volatile commodity prices can disrupt supply chains and increase operational costs.