Pragyawan Technologies Files Draft Papers with SEBI for ₹400 Crore IPO

Noida-based Pragyawan Technologies, a company that provides skill development products and utility solutions, has filed draft papers with SEBI to launch an Initial Public Offering (IPO). The company plans to raise fresh capital of ₹400 crore worth of shares via IPO. 

The IPO will also include an Offer for Sale (OFS) of 1.5 crore equity shares, where promoters Puneet Jain and Shefali Jain will sell part of their holdings. 

Before launching the IPO, the company may raise up to ₹80 crore through a pre-IPO placement. If this happens, the size of the fresh issue will be reduced accordingly.

Pragyawan Technologies operates in two main business segments. Its skill development division offers training products and capacity-building solutions, while its utility solutions division provides execution, operation, and maintenance services for power, water, renewable energy, and related infrastructure projects. 

The company has reported strong financial growth in recent years. In the financial year ended March 2025, its profit increased by 65.7% to ₹39.9 crore, compared to ₹24.1 crore in the previous year. Revenue also grew by 69.7%, rising to ₹359.4 crore from ₹211.7 crore. 

Pantomath Capital Advisors has been appointed as the merchant banker for the IPO.

Pragyawan Technologies IPO Prospectus:

Pragyawan Technologies Company Financial Report

Amount ₹ in Crores

Pragyawan Technologies IPO Valuation – FY2025

Pragyawan Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

• There are no listed peer companies.

Objects of the Issue

• Funding the working capital requirements of the Company
• General corporate purposes

IPO Lead Managers aka Merchant Bankers

• Pantomath Capital Advisors Pvt. Ltd.