Hyderabad-based IT firm set to launch its maiden public issue; Offer includes ₹250 crore fresh issue and ₹1,250 crore OFS
Hyderabad, May 17, 2025 — Mouri Tech Limited, a global IT solutions and services company headquartered in Hyderabad, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed initial public offering (IPO) aggregating up to ₹1,500 crore. The offer comprises a fresh issue of equity shares worth ₹250 crore and an offer for sale (OFS) of up to ₹1,250 crore by the promoters and key shareholders.
Offer Structure
| Component | Amount (₹ in crore) | Details |
|---|---|---|
| Fresh Issue | ₹250 | To fund debt repayment of subsidiary MT USA and future acquisitions |
| Offer for Sale (OFS) | ₹1,250 | By promoters Sujai Paturu (₹726.3 crore), Anil Reddy Yerramreddy (₹370.6 crore), and shareholder Srinivasu Rao Sandaka (₹153.1 crore) |
| Total Offer Size | ₹1,500 |
Company Snapshot
Founded in 2005, Mouri Tech has evolved into a global enterprise with a focus on intelligent ERP (iERP) and enterprise digital transformation. The company operates through four main verticals:- iERP (intelligent ERP solutions)
- Enterprise digital transformation
- Infrastructure services
- Program management
Financial Highlights
| Particulars | 9M FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue from Operations | ₹1,314.3 crore | ₹1,141.3 crore | ₹1,099.8 crore |
| Profit After Tax | ₹135.4 crore | ₹167.3 crore | ₹159.9 crore |
| EBITDA Margin | Not disclosed | Not disclosed | Not disclosed |
| Net Worth | ₹671.8 crore | ₹532.6 crore | ₹374.6 crore |
| Total Borrowings | ₹345.1 crore | ₹35.8 crore | ₹29.6 crore |
Objects of the Issue
The proceeds from the fresh issue of ₹250 crore will be used for:- Repayment/prepayment of borrowings of MT USA: ₹165 crore
- Funding inorganic growth through potential acquisitions
- General corporate purposes
Promoters and Shareholding
Promoters Sujai Paturu and Anil Reddy Yerramreddy currently hold a combined 78.91% stake. Post-issue shareholding will be updated once final allotments and pricing are determined.| Name | Pre-Offer Holding |
|---|---|
| Sujai Paturu | 52.25% |
| Anil Reddy Yerramreddy | 26.66% |
Listing and Lead Managers
The equity shares are proposed to be listed on BSE and NSE. The book running lead managers (BRLMs) for the issue are:- Nuvama Wealth Management
- ICICI Securities
- JM Financial
Legal and Tax Matters
The company has disclosed minor pending tax litigation amounting to ₹4.58 crore. There are no criminal proceedings or SEBI regulatory actions reported against the company or its promoters.Mouri Tech's IPO marks a significant step in the company's growth journey, as it prepares to scale operations and diversify its global presence through strategic investments and acquisitions.
