Mouri Tech IPO: IT options and providers agency Mauri Tech is getting ready to carry its IPO as soon as once more. For this, draft papers have been submitted close to the capital market regulator SEBI. The corporate has deliberate to boost Rs 1,500 crore by way of public challenge. Earlier, the corporate submitted its IPO papers in September 2024. Then in December 2024, the draft papers have been withdrawn with out giving any cause. Of their new draft Pink Herring Prospects (DRHP) filed on 5 Might, Mauori Tech has made a plan to boost Rs 250 crore by promoting new shares within the IPO. Additionally, the promoters and current shareholders are getting ready to promote shares value Rs 1,250 crore by way of the Provide for Sale (OFS). Amongst those that promote shares in OFS are promoter Sujay Patauru and Anil Reddy Yeramreddy. They’ll promote shares value Rs 726.30 crore and Rs 370.60 crore. As well as, an present shareholder Srinivasu Rao Sandka goes to promote shares value Rs 153.10 crore. The corporate can contemplate pre-iPO placement as much as Rs 50 crore. How will the IPO cash be used will likely be used for issuing new shares within the IPO of Mouri Tech and its subsidiary will likely be utilized in MT USA funding, debt restore, by way of unknown acquisitions, funding of inorganic progress, and common company aims. The corporate gives providers with “AI First” method. It gives providers to prospects who work in industries similar to enterprise providers, power and utilities, non-profit and public sector, skilled providers, hospitality, media and leisure, manufacturing, life sciences, logistics and transportation. The corporate is current in USA, Europe, Center East, Africa and India. As of December 2024, the variety of Mary Tech workers was 2,983. Nuwama Wealth Administration, ICICI Securities and JM Monetary are the book-hanging lead supervisor of its public challenge. After the closure of the IPO, there’s a plan to listing fairness shares on NSE and BSE.
Supply hyperlink
