Praruh Technologies IPO opens for subscription: ₹23.50 crore SME issue draws investor attention amid digital growth optimism

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Praruh Technologies Ltd has officially opened its Initial Public Offering (IPO) for subscription on September 24, 2025, marking a significant milestone for the emerging tech firm in India’s SME segment. The IPO, which aims to raise ₹23.50 crore through a fresh issue of equity shares, is scheduled to close on September 26, 2025. The company will be listed on the BSE SME platform, with its shares expected to debut on October 1, 2025.

The IPO has generated buzz among retail and institutional investors, driven by Praruh’s positioning in the digital solutions space and its consistent financial growth over the past three years. While the Grey Market Premium (GMP) remains neutral at ₹0 as of the opening day, market watchers are closely monitoring subscription trends and anchor investor activity.

Praruh Technologies IPO – Key Details

ParameterInformation
IPO Open DateSeptember 24, 2025
IPO Close DateSeptember 26, 2025
Listing DateOctober 1, 2025 (Tentative)
Issue TypeBook Built Issue
ExchangeBSE SME
Price Band₹60 to ₹63 per equity share
Face Value₹10 per share
Lot Size2,000 shares
Minimum Investment (Retail)₹2,52,000 (4,000 shares at upper band)
Issue Size₹23.50 crore (entirely fresh issue)
RegistrarMaashitla Securities Pvt. Ltd.
Lead ManagerCorporate Makers Capital Ltd.
Market MakerSMC Global Securities Ltd.

The IPO comprises 37,30,000 equity shares, with 1,88,000 shares reserved for market makers. The remaining shares are allocated across Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and anchor investors.

Praruh Technologies IPO – Share Allocation Structure

Investor CategoryShares OfferedPercentage of Issue
Market Maker1,88,0005.04%
QIB (including Anchor)17,70,00047.45%
Anchor Investors10,62,00028.47%
QIB (Ex-Anchor)7,08,00018.98%
NII (HNI)5,32,00014.26%
Retail Investors (RII)12,40,00033.24%
Total37,30,000100%

The company has already raised ₹6.69 crore from anchor investors on September 23, 2025, indicating strong institutional interest. However, the GMP remains flat, suggesting cautious sentiment in the grey market.

Praruh Technologies – Financial Performance Snapshot

Financial Year EndingTotal Income (₹ Cr)Profit After Tax (₹ Cr)EBITDA (₹ Cr)Net Worth (₹ Cr)
FY 202313.900.190.570.97
FY 202417.880.801.491.77
FY 202524.643.104.766.97

The company has demonstrated strong growth in revenue and profitability, with PAT rising nearly fourfold in FY 2025 compared to the previous year. Its asset base has more than doubled, and net worth has surged, reflecting improved operational efficiency and scalability.

Praruh Technologies operates in the digital transformation and IT services domain, catering to clients across sectors such as fintech, logistics, and enterprise automation. The IPO proceeds will be used to fund expansion, strengthen working capital, and invest in technology infrastructure.

IPO Timeline – Important Dates

EventDate
IPO OpenSeptember 24, 2025
IPO CloseSeptember 26, 2025
Basis of AllotmentSeptember 29, 2025
Refund InitiationSeptember 30, 2025
Credit to Demat AccountsSeptember 30, 2025
Listing DateOctober 1, 2025

Retail investors can apply for a minimum of 4,000 shares, while HNIs must bid for at least 3 lots (6,000 shares). The IPO is being offered via book-building, allowing investors to bid within the ₹60–₹63 price band.

Market Sentiment – Praruh Technologies IPO Buzz

PlatformEngagement LevelSentiment (%)Top Hashtags
Twitter/X820K mentions78% curious#PraruhIPO #SMEIPO #TechListing
Facebook640K interactions74% optimistic#PraruhTechnologies #IPOWatch
YouTube580K views80% analytical#IPOReview #PraruhTechnologiesIPO
Instagram520K views82% celebratory#IPOAlert #DigitalIndiaIPO

While the GMP is yet to show upward momentum, analysts suggest that the fundamentals of Praruh Technologies—especially its revenue growth and sectoral relevance—could drive post-listing performance. Investors are advised to evaluate the company’s long-term prospects and not rely solely on grey market trends.

Disclaimer: This article is based on publicly available IPO documents, financial disclosures, and market reports. It does not constitute investment advice or endorsement. Investors are advised to consult financial experts and review official filings before making any investment decisions.

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