Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
MOURI Tech IPO
Mouri Tech Ltd. filed its DRHP with SEBI and received approval on August 29, 2025, for its IPO, i.e., the Mouri Tech IPO, which is a book-built issue comprising a fresh issue and an offer for sale. The IPO comprises a fresh issue aggregating ₹250 crore and an offer for sale (OFS) aggregating up to ₹1,250 crore by promoters and other selling shareholders, taking the total issue size to ₹1,500 crore.
The price band, official listing date, and subscription opening and closing date will be listed by the company later. The equity shares are proposed to be listed on the BSE and the NSE. The company appointed several professional BRLMs for this issue, including Nuvama Wealth Management Ltd., ICICI Securities Ltd., and JM Financial Ltd., while MUFG Intime India Private Ltd. is acting as the registrar to the offer.
Company Background
Mouri Tech Ltd. was incorporated on October 24, 2001, in Hyderabad. Mouri Tech Ltd. has spanned a long journey over the last two decades (20+ years), from a private company to a global entity catering to IT solutions globally. Mouri Tech Ltd. has established itself both globally and in Hyderabad, Telangana.
The company is committed to delivering comprehensive enterprise solutions that enable businesses to modernize their operations. From its inception, the company has successfully transformed itself into a scale-driven organization that is capable of handling complex digital engineering and cloud service projects across various industries.
Operations & Product Range
The core operations of Mouri Tech Ltd. are to offer enterprise resource planning services and digital transformation. The solution provided by the company runs from implementation to support for leading platform providers such as SAP, Oracle, Microsoft, and Workday. Besides core ERP, the company provides other services and solutions related to digital engineering, AI-led solutions, and cloud-based services. These products are designed to enhance operational efficiency among customers in the manufacturing, retail, healthcare, and financial services sectors.
Facilities & Capacity
Mouri Tech Ltd. operates through its delivery centers in India. The company has delivery centers in different locations. Their locations are in places like Hyderabad and Visakhapatnam in Andhra Pradesh, Bengaluru in Karnataka, and Kolhapur in Maharashtra. Mouri Tech operates in different locations like the US, UK, and Germany through its overseas headquarters.
The company also plans to direct some of the funds it has mobilized to improve its information technology infrastructures and equipment as part of its planned expansions, aiming to increase its capacity to offer services and respond to the growing demand for digital transformation services within its targeted markets.
Brands & Market Presence
Mouri Tech Ltd. has grown to become a respected partner of leading global technology providers. The company is adequately diversified between domestic and international markets, with a clear presence across North America.
It has a reputation backed by long-standing relationships with the industry leaders and global technology partners. The company, which is essentially a service-led enterprise, has remained competitive in the global IT services landscape through its presence in international tech hubs.
Revenue Streams & Business Model
The primary revenue source for Mouri Tech Ltd. is the provision of IT services and digital solutions. In the financial year ended March 31, 2024, the company reported revenue from operations of ₹1,110 crores.
The business model is heavily export-oriented, with North America contributing 65% of the total revenue. India accounts for 20% of the revenue, while the remaining 15% comes from Europe and other international regions. This geographic spread helps the company mitigate risks associated with regional economic fluctuations.
Management & Shareholding
Mouri Tech Ltd. is promoted by Anil Reddy Yerramreddy and Sujai Paturu, who have been instrumental in its growth and strategic direction. Before the Mouri Tech IPO, the promoters held a combined 90% stake in the company, with Anil Reddy Yerramreddy holding 45% and Sujai Paturu holding 45%.
The remaining 10% is held by other shareholders. After the completion of the IPO (post-IPO), the promoter shareholding will adjust based on the final issue of shares and the portion sold during the offer for sale.
Board & Key Management
The leadership team at Mouri Tech Ltd. is led by Sujai Paturu, who serves as the Chairman and Whole-time Director. Anil Reddy Yerramreddy is the managing director of the company and Srinivasa Rao Sandaka serves as a whole-time director.
The board also includes several independent directors who provide oversight and corporate governance. These include Dr. Shailesh Kumar, Ms. Smita G. Jha and Mr. Ramesh Mantri, bringing diverse professional experience to the company's decision-making processes.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
MOURI Tech IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
MOURI Tech IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | [.] shares (agg. up to ₹1,500 Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | [.] shares (agg. up to ₹250 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹1,250 Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,26,28,816 shares |
| Share Holding Post Issue | - |
MOURI Tech IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
MOURI Tech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | - | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | - | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | - | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | - | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | - | Over ₹10,00,000 |
MOURI Tech IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 88.62% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Deep domain expertise in providing ERP and digital transformation services across diverse technology platforms.
- • A diversified customer base with a significant presence in high-growth geographies such as North America and Europe.
- • Strong and long-standing collaborative relationships with global technology partners like SAP, Oracle and Microsoft.
- • An experienced management team and a large pool of skilled IT professionals that support scalable operations.
MOURI Tech IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 1,382.41 | 1,341.25 | 135.36 | 135.36 | 619.49 | 345.10 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 736.03 | 1,153.61 | 167.25 | 532.62 | 435.66 | 35.80 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 586.10 | 1,120.60 | 159.95 | 374.66 | -16.85 | 22.91 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 496.46 | 837.61 | 116.52 | 250.81 | -150.57 | 38.99 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.51% |
| ROCE | 39.26% |
| Debt/Equity | -0.16x |
| RoNW | 31.39% |
| PAT Margin | 14.65% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.08 (basic/diluted) | |
| P/E (x) |
IPO Objectives
The company plans to use the net proceeds of the Mouri Tech IPO for the following objectives:
- Repayment of Borrowings (in part or in full)
- Funding inorganic growth through acquisitions
- General corporate purposes.
Conclusion
The Mouri Tech IPO presents an opportunity for investors to participate in a seasoned IT services company with a global presence, operating in high-growth areas such as digital transformation services and intelligent ERP solutions. The diversified industry presence, service delivery and financial performance are the key highlights of Mouri Tech. This issue will help the company in its growth and fund the financial projects, as the company will pay its debt, which will strengthen the finances and remain for the inorganic growth through acquisition.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 13-05-2025 | View DRHP |
| 2 | SEBI/Exchange approval received | 29-08-2025 | - |
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Frequently Asked Questions (FAQs)
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What is the total issue size of the Mouri Tech IPO?
The Mouri Tech IPO has a total issue size of ₹1,500 crores. This consists of a fresh issue of ₹250 crores and an Offer for Sale (OFS) of up to ₹1,250 crores.
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When will the Mouri Tech IPO open for subscription?
The specific open and close dates for the Mouri Tech IPO have not been announced yet. The company has received SEBI approval and will launch the issue subject to market conditions.
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What does Mouri Tech Ltd. do?
Mouri Tech is a global IT solutions company. It specializes in Intelligent ERP (iERP) implementation and enterprise digital transformation services, helping businesses automate and modernize their operations using technologies like AI and cloud computing.
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Who are the promoters of Mouri Tech Ltd.?
The company is promoted by Anil Reddy Yerramreddy and Sujai Paturu.
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How does the company plan to use the Mouri Tech IPO proceeds?
The funds from the fresh issue will be used mainly for repaying borrowings in its subsidiary MT USA (about ₹165 crores) and funding inorganic growth acquisitions and the rest for general corporate purposes.
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Where will Mouri Tech Ltd.’s shares be listed?
The equity shares are proposed to be listed on both the NSE and the BSE.
