In an exciting development, Prakhar Software Solutions Ltd. has taken a significant step towards its Initial Public Offering (IPO) by refiling its Draft Red Herring Prospectus (DRHP) on September 29, 2025 with the the NSE SME Notably, this company had previously submitted its IPO documents to SEBI on March 31, 2025.
A Snapshot of the Company:
Incorporated in January 2014, Prakhar Software Solution Limited operates in IT and e-government, providing services from Software Requirement Specification (SRS) document creation to software development and implementation.
IPO Details and Strategic Objectives:
As per DRHP filled on Sep 29, 2025, the company is planning to offer consists solely of fresh issue of 1.22 crore equity shares.
Allocation strategy includes Not more than 50% of the Net Issue for Qualified Institutional Buyers (QIBs), Not less than 15% of the Net Issue for Non-Institutional Investors and Not less than 35% of the Net Issue for Retail Individual Biddersrespectively.
Prakhar Software Solutions IPO Purpose
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards High-Performance GPU Server | 18.83 |
| 2 | Capital expenditure towards upgrading the existing IT infrastructure for the Company | 6.86 |
| 3 | Investment in Sales and Marketing for in-house built technology and Business Expansion | 7.48 |
| 4 | Capital expenditure towards Development, Deployment, and Commercialization of Ultra-Advanced AI Staffing Suite | 30.00 |
| 5 | Funding inorganic growth through Unidentified Acquisition in India and other strategic initiatives and General Corporate Purpose |
Financial Performance Highlights:
Prakhar Software Solutions Ltd.’s total income grew by 52%, reached ₹145.40 crore in Mar 31, 2025, compared to ₹95.51 crore in Mar 31, 2024.
Profit after tax jumped 138% to ₹18.31 crore, compared to ₹7.69 crore.
Key IPO Management Team:
Leading the charge, the Book-Running Lead Manager (BRLM) for the IPO is Arihant Capital Markets Ltd., with Skyline Financial Services Pvt.Ltd. entrusted as the Issue Registrar.
