Mouri Tech, one of the well-known IT Solutions and services companies, has resubmitted its DRHP with SEBI to raise funds of ₹1500 crore through an IPO.
In September 2024, the company filed its Draft papers for the first time, but later withdrew the documents in December 2024. The reason behind the withdrawal of the document was not revealed.
As of May 5, 2025, the company refiled the draft papers again to raise ₹250 crore via a fresh issue and raise funds of ₹1250 via an Offer-for-sale component.
The promoters of the company, Sujai Paturu and Anil Reddy Yerramreddy, will be selling shares worth ₹726.30 crore and ₹370.60 crore. Whereas, the existing shareholders, Srinivasu Rao Sandaka, will be selling shares worth ₹153.10 crore.
Mouri Tech may plan to raise funds of ₹50 crore in the pre-IPO placement. If they successfully raise funds via a pre-IPO round, the funds of ₹50 crore will be reduced from the fresh issue.
The proceeds raised from the fresh issue will be utilized to invest in its subsidiary MT USA, pay off debt, support growth, and lastly, the remaining funds will be used for the company’s general corporate uses.
Mouri Tech Incorporated in 2005, is a global enterprise IT solutions and services company, focusing on offering a wide range of services in intelligent enterprise resource planning (“iERP”) and enterprise digital transformation. The company focuses on providing services in the 4 areas, including iERP, enterprise digital transformation, infrastructure services, and program management. As of December 2024, the company consists of a total of 2,983 employees.
The book running lead managers of the issue are Nuvama Wealth Management, ICICI Securities, and JM Financial, whereas the equity shares of the issue are planned to be listed on NSE and BSE.
Mouri Tech IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Mouri Tech Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹837.61 | ₹677.61 | ₹116.52 |
| 2023 | ₹1120.60 | ₹902.41 | ₹159.95 |
| 2024 | ₹1153.61 | ₹930.03 | ₹167.25 |
Mouri Tech IPO Valuation – FY2024
Mouri Tech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹15.39 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 31.39% |
| Net Asset Value (NAV): | ₹49.04 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Persistent Systems Limited | 72.44 | 73.04 | 22.81% | 317.60 | 9,821.59 Cr. |
| Mphasis Limited | 82.42 | 37.27 | 20.04% | 408.24 | 13,278.52 Cr. |
| Coforge Limited | 131.56 | 51.13 | 23.47% | 552.11 | 9,179.00 Cr. |
| Birlasoft Limited | 22.54 | 29.36 | 22.30% | 99.80 | 5,278.15 Cr. |
| Sonata Software Limited | 11.12 | 62.14 | 22.19% | 50.11 | 8,613.06 Cr. |
| Zensar Technologies Limited | 29.36 | 26.72 | 19.26% | 151.19 | 4,901.90 Cr. |
| Happiest Minds Technologies Limited | 16.73 | 48.17 | 16.73% | 100.03 | 1,624.66 Cr. |
Objects of the Issue
- Investment in one of our Material Subsidiaries, MT USA, for the repayment / prepayment, in full or in part, of certain outstanding borrowings availed by it, including payment of the interest accrued thereon;
- Funding working capital requirements of our Company; and
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Limited
- ICICI Securities Limited
- JM Financial Limited
