Mouri Tech Ltd. has filed its draft red herring prospectus with SEBI to raise ₹1,500 crore through an initial public offering (IPO). The offering includes a fresh issue of ₹440 crore and an Offer for Sale (OFS) of ₹1,060 crore, with promoters Sujai Paturu, Anil Reddy Yerramreddy, and Srinivasu Rao Sandaka set to offload their shares. Nuvama Wealth Management, ICICI Securities, and JM Financial are managing the issue.
The net proceeds will support several objectives:
- Debt Repayment: ₹165 crore will be used to repay debt through subsidiary investment.
- Working Capital: ₹125 crore will fund the company’s working capital needs.
- Acquisitions and General Use: The remainder will support inorganic growth through acquisitions and general corporate purposes.
Mouri Tech is an IT solutions and services provider specializing in intelligent enterprise resource planning (iERP), enterprise digital transformation, infrastructure services, and program management. With a global presence, the company operates across the US, Europe, the Middle East, and India, offering a wide portfolio of end-to-end IT services. The IPO aims to strengthen the company’s financial foundation, fueling growth and expansion in its key market areas.
