Pragyawan Technologies Ltd. IPO Details
Pragyawan Technologies was incorporated on July 18, 2011. The company provides skill development and training products, utility solutions, and operations and maintenance services across India. Its integrated business model combines procurement, contract manufacturing, system integration, project execution, and lifecycle support to deliver customized, end-to-end solutions for institutional clients
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 15.0 M | - | - | ₹4,000.0 M | DRHP DOC |
Pragyawan Technologies issue details
Pragyawan Technologies has 15.0 M shares on offer
Pragyawan Technologies IPO issue size is ₹ 4,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Pragyawan Technologies IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Pragyawan Technologies NUMBER OF SHARES ON OFFER
Pragyawan Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 777.1 | 99.1 | 15.3 | 2.3 | 17.6% |
| FY25 | 359.4 | 39.9 | -7.8 | -13.8 | 15.9% |
| FY24 | 211.7 | 24.1 | 12.1 | 8.7 | 15.1% |
| FY23 | 67.3 | 8.8 | 8.5 | 1.9 | 17.5% |
Pragyawan Technologies INFORMATION ON IPO ISSUE
About Pragyawan Technologies
Pragyawan Technologies was incorporated on July 18, 2011. The company provides skill development and training products, utility solutions, and operations and maintenance services across India. Its integrated business model combines procurement, contract manufacturing, system integration, project execution, and lifecycle support to deliver customized, end-to-end solutions for institutional clients
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Pragyawan Technologies - PROMOTERS
| Name |
|---|
| Puneet Jain |
| Shefali Jain |
Pragyawan Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Puneet Jain | Chairman, Managing Director & Chief Executive Officer |
| Shefali Jain | Non-Executive & Non-Independent Director |
| Ashok Kumar Garg | Whole-Time Director |
| Ajay Agarwal | Independent Director |
| Nayan Handa | Independent Director |
| Ravindra Kumar Tyagi | Independent Director |
| Rakesh Mohan Agarwal | Independent Director |
Pragyawan Technologies Book Running Lead Manager
Pantomath Capital Advisors Private Limited
pragyawan.ipo@pantomathgroup.com
Pragyawan Technologies Registrar to the Offer
MUFG Intime India Private Limited
pragyawan.ipo@in.mpms.mufg.com
Pragyawan Technologies Strengths
Asset-light business model
The company follows an asset-light business model by renting equipment as required, reducing capital expenditure while improving operational flexibility and scalability. This approach enhances capital efficiency, supports higher order execution, and enables management to focus on project execution and customer service
Pan India presence
The company has a pan-India operational network with projects, offices, warehouses, suppliers, and a localized workforce across multiple regions, enabling efficient execution of large-scale projects. Its integrated supply chain and nationwide presence support timely delivery, lower logistics costs, and effective service across diverse customer segments
Diversified product portfolio
The company is one of the largest suppliers of customized toolkits under the PM Vishwakarma Yojana, having delivered over 493,000 toolkits across multiple trades through a pan-India supply network. Its large-scale execution capabilities, diversified product portfolio, and strong government relationships position it well to participate in future skill development and toolkit distribution programs
Pragyawan Technologies Risks
Working capital intensive
The company has significant working capital requirements to support project execution and provide bank guarantees required under customer contracts. Any shortfall in working capital or inability to secure adequate funding could adversely affect operations, project execution, and future growth
Cost overrun risks
The company’s projects are exposed to execution risks such as inaccurate cost estimates, delays, cost overruns, and external disruptions, which may reduce profitability and impact project timelines. Any contractual claims, liquidated damages, or payment disputes arising from such delays could adversely affect its financial performance and cash flows
Competition
The company operates in a highly competitive, tender-driven industry where winning new projects depends on competitive pricing, accurate cost estimation, and meeting stringent qualification criteria. Failure to secure contracts or manage pricing pressures could adversely affect its order book, profitability, and financial performance
IPO FAQs
The promoters of the company are Puneet Jain and Shefali Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.