Mouri Tech Limited, a prominent player in the IT Solutions and Services sector, has once again submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The company aims to raise an impressive ₹1,500 crore through an Initial Public Offering (IPO). This marks a significant development since Mouri Tech initially filed its DRHP back in September 2024.
Mouri Tech’s Innovative Focus
Mouri Tech is making waves by adopting an “AI-first” approach to provide cutting-edge IT solutions. The firm specializes in intelligent enterprise resource planning (iERP) and enterprise digital transformation, showcasing its expertise across four core areas:
- iERP
- Enterprise digital transformation
- Infrastructure services
- Program management
This strategic focus positions Mouri Tech as a leader in transforming businesses into intelligent enterprises.
Diverse Clientele and Global Reach
The company serves a wide array of industries, including:
- Business services
- Energy and utilities
- Public sector and non-profit
- Professional services
- Hospitality
- Media and entertainment
- Manufacturing
- Life sciences
- Logistics and transportation
With operations extending beyond India, Mouri Tech has established a global presence in regions such as the USA, Europe, the Middle East, and Africa. In India, their offices are strategically located in Hyderabad, Bengaluru, Chennai, Visakhapatnam, Kolhapur, and Indore. Internationally, they have locations in Irving and Fremont in the USA, Scarborough in Canada, and other countries including Singapore, South Africa, Germany, the UK, Philippines, Australia, and the UAE.
IPO Breakdown and Financial Strategy
The IPO will be offered at a face value of ₹10 per share, comprising a fresh issue of up to ₹250 crore and an offer for sale (OFS) of ₹1,250 crore from promoters and other selling shareholders. Notably, Sujai Paturu and Anil Reddy Yerramreddy, prominent stakeholders, plan to sell shares valued at ₹726.30 crore and ₹370.60 crore, respectively. Additionally, Srinivasu Rao Sandaka and other shareholders are set to divest shares worth up to ₹153.10 crore.
Funds raised from this IPO will be allocated toward:
- Investment in its Material Subsidiary, MT USA
- Repayment of outstanding borrowings and accrued interest
- Facilitating growth through undisclosed acquisitions
- General corporate purposes
Management and Listing Plans
To manage this significant offering, Nuvama Wealth Management Limited, ICICI Securities Limited, and JM Financial Limited have been appointed as the book-running lead managers, while MUFG Intime India Private Limited will act as the registrar. Following the IPO, Mouri Tech’s equity shares are expected to be listed on both the National Stock Exchange of India Limited and BSE Limited.
This IPO represents a pivotal moment for Mouri Tech as it seeks to fortify its position in the rapidly evolving IT landscape while fueling its ambitious growth plans. As the company prepares for this critical capital raise, stakeholders will be closely monitoring its progress in the competitive market.
For more insights on upcoming IPOs, check our latest updates on investment opportunities.
