Mouri Tech Limited, a leading provider of IT solutions and services, has re-submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), aiming to raise ₹1,500 crore through an initial public offering (IPO). This marks the company’s second DRHP filing, following its initial submission in September 2024.
Nuvama Wealth Management Limited, ICICI Securities Limited, and JM Financial Limited are acting as book-running lead managers to the issue. MUFG Intime India Private Limited has been appointed as the registrar. The equity shares are proposed to be listed on both the National Stock Exchange (NSE) and BSE.
The upcoming IPO comprises a fresh issue of equity shares worth up to ₹250 crore and an offer for sale (OFS) amounting to ₹1,250 crore, with a face value of ₹10 per share.
Promoter Selling Shareholders Sujai Paturu and Anil Reddy Yerramreddy will offload shares worth ₹726.30 crore and ₹370.60 crore, respectively. Additionally, Srinivasu Rao Sandaka and other investors plan to sell shares worth up to ₹153.10 crore.
Proceeds from the fresh issue will be used primarily to invest in Mouri Tech’s material subsidiary, MT USA, for repayment or prepayment of certain outstanding borrowings along with accrued interest. The funds will also support strategic acquisitions and other general corporate purposes.
Also Read: Upcoming IPO: 5 Companies, Including Veritas Finance, Ajay Poly, Received SEBI Nod to Launch IPOs
Mouri Tech Limited is an “AI-first” approach and specialises in intelligent enterprise resource planning (iERP) and enterprise digital transformation. Mouri Tech operates through four core practice areas: iERP, enterprise digital transformation, infrastructure services, and program management.
Mouri Tech serves a broad range of industries, including business services, energy and utilities, public sector and non-profit, professional services, hospitality, media and entertainment, manufacturing, life sciences, and logistics and transportation. It has a global presence spanning the United States, Europe, the Middle East and Africa (EMEA), and India.
In India, Mouri Tech operates offices in Hyderabad (Telangana), Bengaluru (Karnataka), Chennai (Tamil Nadu), Visakhapatnam (Andhra Pradesh), Kolhapur (Maharashtra), and Indore (Madhya Pradesh). Internationally, it maintains offices in Irving (Texas) and Fremont (California) in the US, Scarborough (Ontario) in Canada, and across Singapore, South Africa, Germany, the UK, Philippines, Australia, and the UAE through its subsidiaries.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 8, 2025, 9:44 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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