Praruh Technologies IPO
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Schedule of Praruh Technologies
| Issue open date | 24 Sep 2025 |
| Issue close date | 26 Sep 2025 |
| UPI mandate deadline | 26 Sep 2025 (5 PM) |
| Allotment finalization | 29 Sep 2025 |
| Refund initiation | 30 Sep 2025 |
| Share credit | 30 Sep 2025 |
| Listing date | 01 Oct 2025 |
| Mandate end date | 16 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 29 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Praruh Technologies
Praruh Technologies is an ICT system integration firm based in New Delhi, established in 2019, providing comprehensive technology solutions across hardware, applications, data centers, networking, security, and audio-video integration. The company serves diverse clients including Delhi Metro, Airport Authority of India, and various government organizations through its consulting-led approach combining technical expertise with service excellence.
Financials of Praruh Technologies
Issue size
| Funds Raised in the IPO | Amount |
| Total issue | ₹23.50 crores |
| Fresh issue | ₹23.50 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/pre-payment of certain borrowings | 7 (29.8%) |
| Working capital requirements | 14 (59.6%) |
| Unidentified acquisitions in India | 1 (4.3%) |
| General corporate purposes | 1.5 (6.4%) |
Strengths
- Established track record with prestigious clients like Delhi Metro and Airport Authority of India
- Diverse service portfolio spanning system integration, networking, security, and audio-video solutions
- Strong revenue growth trajectory with a 120% increase in FY24
- Advanced technology integration capabilities, including drone-based services and hyperspectral imaging
- Quality assurance processes ensure client satisfaction and reliable service delivery
Risks
- High dependency on government and public sector clients creates concentration risk
- Significant increase in borrowings from 1.73 crores to 13.51 crores in FY24
- A working capital-intensive business model affects cash flow cycles
- Intense competition from established IT service providers and system integrators
- Technology obsolescence risk requires continuous investment in skill development
- Execution risks associated with complex system integration projects
Allotment Status for Praruh Technologies
To check your allotment status – click here.
Subscription Figures for Praruh Technologies
As per media reports (Link), the Grey Market Premium (GMP) of Praruh Technologies is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 25, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 7.08 | 2.40 | 0.34x |
| NII | 5.32 | 2.56 | 0.48x |
| Retail | 12.40 | 4.72 | 0.38x |
| Total | 24.80 | 9.68 | 0.39x |