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.
The RBI's Financial Stability Report says total resource mobilisation from India's securities market fell to Rs 15.32 lakh crore in FY26, with weaker debt issuances offsetting strong equity fundraising led by a record 366 IPOs.
