Prosus Sees Significant IPO Upside in India...
26 Jun, 2025
Mouri Tech is a global IT services firm with an “AI-first” approach, specializing in intelligent ERP and enterprise digital transformation. The company operates in the USA, Europe, the Middle East, Africa, and India, with a workforce of 2,983 employees as of December 2024. Company had already filed its IPO paper in September 2024 but it was withdrawn without any reason. Now the company has refiled its DRHP with SEBI to raise 1500 crore from public.
Mouri Tech IPO Breakdown
Mouri Tech is ready with its fresh refiling with the Securities and Exchange Board of India (SEBI) to raise ₹1,500 crore via an Initial Public Offering (IPO). The offering includes a fresh issue of shares worth ₹250 crore and an offer for sale (OFS) of ₹1,250 crore by promoters and an existing shareholder.
Reason for IPO
The main reason behind the IPO is “its shareholders offloading their stakes”. Promoters Sujai Paturu and Anil Reddy Yerramreddy will sell shares worth ₹726.3 crore and ₹370.6 crore, respectively. Existing shareholder Srinivasu Rao Sandaka will offload shares worth ₹153.1 crore. Company is also considering a pre-IPO placement of up to ₹50 crore.
Utilization of Funds
Funds raised from the fresh issue will be used to invest in Mouri Tech’s U.S. subsidiary, MT USA, for debt repayment, potential acquisitions, and general corporate purposes.
Listing and Lead Managers
The equity shares will be listed on NSE and BSE. Nuvama Wealth Management, ICICI Securities, and JM Financial are acting as the book-running lead managers for the IPO.
