 with the Securities and Exchange Board of India (SEBI)){kind=link}
Pragyawan Technologies Ltd has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO). The proposed public issue will consist of a fresh issue of equity shares worth up to ₹400 crore, alongside an offer for sale (OFS) of up to 1.5 crore equity shares, each carrying a face value of ₹2.
According to the draft documents, the capital raised from the fresh issue will primarily be used to fund the company’s working capital requirements, which are estimated at ₹400 crore. The remainder of the proceeds will be allocated toward general corporate purposes.
Pragyawan Technologies operates as a diversified solutions provider across two distinct core business verticals: Skill Development and Utility Solutions. Its Skill Development division specializes in manufacturing and supplying training products alongside large-scale capacity-building solutions. Meanwhile, the Utility Solutions segment offers comprehensive project execution, operations, and maintenance (O&M) services across crucial infrastructure sectors including power, water, and renewable energy.