• Products
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Corporate/HUF Trading Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Trading Platforms
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Trading Platforms
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Market Movers
    Share Market Today
    Top Gainers
    Top Losers
    Stocks
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Quarterly Results
    Reliance Industries Quarterly Results
    TCS Quarterly Results
    HDFC Bank Quarterly Results
    Market Movers
    Stocks
    Indices
    Mutual Funds
    IPO
    Quarterly Results
  • Learn
    Stockshaala
    Basics of Stock Market
    Introduction to Fundamental Analysis
    Introduction to Technical Analysis
    Derivatives, Risk management & Option Trading Strategies
    Personal Finance
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Events
    Budget 2025
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
    Stockshaala
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement

-- / --

IPO Details

Issue Date

--

Investment/lot

--

Price Range

--

Lot Size

--

IPO Size

N/A

Schedule of Mouri Tech Ltd

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Initial public offering of [] equity shares of face value of Rs. 10 each (equity shares) of Mouri Tech Limited (company or the issuer) for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (the offer price) aggregating up to Rs. 1500.00 crore, comprising a fresh issue of [] equity shares aggregating up to Rs. 440.00 crores (fresh issue) and an offer for sale of [] equity shares (the offered shares) aggregating up to Rs. 1060.00 crores ,comprising [] equity shares by sujai paturu aggregating up to Rs. 615.00 crores, [] equity shares by anil reddy yerramreddy aggregating up to Rs. 316.00 crores and [] equity shares by srinivasu rao sandaka aggregating up to Rs. 129.00 crores (collectively, the selling shareholders) and such equity shares offered by the selling shareholders (offer for sale, and together with the fresh issue, the offer). The offer will constitute []% of the post-offer paid-up equity share capital. The company, in consultation with the brlms, may consider issue of specified securities as may be permitted under the applicable law, aggregating up to Rs. 88.00 crores with the roc (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. If the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the offer complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and prospectus. The offer includes a reservation of [] equity shares, aggregating to Rs. [] crores (constituting []% of the post offer paid-up equity share capital of the company) for subscription by eligible employees (the employee reservation portion). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer shall constitute []% and []%, respectively, of the post-offer paid-up equity share capital of the company. The companyin consultation with the book running lead managers, may offer a discount of up to []% (equivalent of Rs. [] per equity share) to the offer price to eligible employees bidding under the employee reservation portion (employee discount). The face value of equity shares is Rs. 10 each. The offer price is [*] times the face value of the equity shares. The price band, the minimum bid lot size and the employee discount (if any) will be decided by the company.

Read More

The Mouri Tech Limited IPO is an IPO of ₹1500 crores. It includes a fresh issue of equity shares aggregating up to ₹440 crores and an offer for sale of equity shares aggregating up to ₹1060 crores. The share allotment date, demat account credit, and refund initiation dates are TBA.

  • Investment in one of the Material Subsidiaries, MT USA, for the repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by it, including payment of the interest accrued.
  • Funding the working capital requirements of the company.
  • Funding inorganic growth through unidentified acquisitions and general corporate purposes.
  • To achieve the benefit of listing the Equity Shares on the Stock Exchanges and enhance the brand name among users and create a public market for the Equity Shares in India.
Details Information
Upper Price Band (₹)
TBA
Existing Shares to be Sold
Aggregating up ₹1060 crores
Fresh Issue
Aggregating up to ₹440 crores
EPS (₹) (ended Mar 31, 2024)
15.39
Category Shares offered
QIB Shares Offered
Not more than 50% of the Issue
NIIs (HNI)
Not less than 15% of the Issue
Retail Shares Offered
Not less than 35% of the Issue
Employee Reservation Portion
TBA

Industry Outlook

The global technology market is projected to reach USD 696,790 crores by 2027, growing at a CAGR of 8.3% from 2024 to 2027. Within this expansive market, the IT outsourcing sector in India, a critical segment, is valued at USD 880 crores as of 2023 and is expected to grow at a CAGR of 17.8%, reaching USD 2000 crores by 2028. This robust growth is fuelled by increasing demand for advanced technological solutions like cloud computing, big data analytics, and AI-driven digital transformation services that are reshaping industries and driving innovation globally.

Company Information

Mouri Tech Limited is a global enterprise IT solutions and services company, delivering a comprehensive portfolio of services with a focus on end-to-end capabilities in intelligent enterprise resource planning (iERP) and enterprise digital transformation. The company operates across four practice areas: iERP, enterprise digital transformation, infrastructure services, and program management. The company serves a large base of customers whose operations are diversified across industries such as business services, energy and utilities, non-profit and public sector, professional services, hospitality, media and entertainment, manufacturing, life sciences, logistics and transportation.

Comprehensive Portfolio of IT Solutions and Services in iERP and Enterprise Digital Transformation

The company’s expertise in iERP extends to providing end-to-end capabilities, including advisory, analysis, project planning, design, deployment, integration, testing, and ongoing support for iERP systems. Its engagement with ISVs has enabled it to offer services such as custom enhancements, integrations, application testing and automation, enterprise application platforms, application maintenance and support, and infrastructure management. They also help businesses through their digital transformation journey by offering their services to cover the entire process from developing a roadmap to the deployment and maintenance of digital solutions.

Diversified Marquee Global Customer Base with Longstanding Customer Relationships

The longstanding nature of their relationship is reflected in the recurring revenues from the company’s key customers. As of March 31, 2024, the company had 337 active customer accounts (i.e., an active customer account means that an invoice/ credit memo/ recognition of unbilled revenue has been generated on or after October 1, 2023). To grow, it has acquired 104, 136 and 211 new customers in fiscals 2024, 2023 and 2022, respectively.

Fast Growing Digital IT Services & Solutions Portfolio

The company’s multi-level engagements with leading ISVs have helped them to evolve and broaden their portfolio of digital services over the years to meet changing market needs.

  • The company derives 82.38% of its revenue from the United States, making it highly vulnerable to the region's adverse economic, political, or regulatory developments, including inflationary trends, economic slowdowns, or anti-outsourcing legislation, which could significantly impact its business operations and financial performance.

  • A significant portion of its revenue (47.22% in Fiscal 2024) comes from its top 10 customers, and any reduction in business from these clients due to factors such as economic challenges, corporate restructuring, or shifts in outsourcing strategies could adversely affect its revenues and profitability.

  • The company derives significant revenue from enterprise digital transformation and intelligent enterprise resource planning (“iERP”) solutions. In Fiscal 2024, their revenues from digital transformation and iERP were 44.04% and 41.32% of their revenue from operations respectively. Any decline in the demand of these offerings could reduce their revenues and adversely affect their business, cash flows, financial condition and results of operations.

Loading chart...
Loading chart...
Loading chart...
Parameters Mouri Tech Limited Persistent Systems Limited Mphasis Limited Coforge Limited
Revenue From Operations for the year ended March 31, 2024 (₹ in crores)
1141.3
9821.587
13278.515
9179
P/E (number of times)
-
73.04
37.27
51.13
EPS (Basic)
15.39
72.44
82.42
131.56
Return on Net Worth (%)
31.39
22.81
20.04
23.47
NAV per share
49.04
317.60
408.24
552.11

Anchor Investor bidding date: The anchor investor bidding will take place one day before the IPO opens. The exact date is yet to be announced.

IPO Registrar and Book Running Lead Manager:

Book running lead managers: Nuvama Wealth Management Limited, ICICI Securities Limited, JM Financial Limited

Name of the Registrar: Link Intime India Private Limited

Business Model:

The company earns its revenue as a global enterprise IT solutions and services company, delivering a comprehensive portfolio of services with a focus on end-to-end capabilities in intelligent enterprise resource planning (iERP) and enterprise digital transformation.

They operate across four practice areas: iERP, enterprise digital transformation, infrastructure services, and program management. Company Growth Trajectory: Mouri Tech Limited has demonstrated a robust growth trajectory over the years, driven by strategic expansions, a growing customer base, and technological advancements. The company’s revenue increased from ₹827.961 crores in FY22 to 1141.3 crores in FY24, reflecting an upward trajectory in financial performance.

Company Market Position:

As of March 31, 2024, the company had 2,203 IT professional employees across 8 countries including India, the USA, Canada, the UK, South Africa, and Germany which enabled it to serve its customers through its global delivery model.

In 2023, the company was ranked 18 among the top 100 best companies to work for in India by the Great Place to Work Institute.

Parameter FY22 FY23 FY24
Total Income (₹ crores)
837.61
1120.603
1153.613
Restated profit/(loss) before tax
160
218.195
223.586
Net Profit (₹ crores)
116.519
159.947
167.253
EBITDA (₹ crores)
181.332
243.063
255.174
EPS (₹) basic
11.64
15.98
15.39
Parameter FY22 FY23 FY24
Profit before tax (₹ crores)
160
218.195
223.586
Net Cash from Operating Activities
89.416
106.299
167.942
Net Cash Used in Investing Activities
64.932
42.331
66.744
Net Cash Used in Financing Activities
24.845
52.299
29.525
Cash and Cash Equivalents (₹ Crores)
27.648
48.055
120.729

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar Link Intime India Private Limited. To check the status on the BSE website:

  • Visit the BSE website
  • Click on “Investor Services” and choose “Application Status Check”
  • Choose the issue type — Equity or Debt (Equity in this case)
  • Select the Issue Name from the drop-down. The issue name is the company’s name, which is Mouri Tech Limited
  • Enter your application number or PAN number
  • Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

  • Visit the Link Intime India Private Limited website
  • Choose “Public Issues” from the “Investor Services” drop-down
  • Select Mouri Tech Limited from the drop-down
  • Enter your PAN number or Application number
  • Click on “Submit” to know the allotment status
Company NameBidding Dates
To be announced
14 Jul - 16 Jul'25
14 Jul - 16 Jul'25
16 Jul - 18 Jul'25
To be announced

Mouri Tech Ltd IPO FAQs

Mouri Tech Limited has an issue size aggregating up to ₹1500 crores. The IPO dates are to be announced.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about Mouri Tech Limited and its IPO from the company’s draft red herring prospectus (DRHP) here: (SEBI |Mouri Tech Limited DRHP)

Company NameBidding Dates
To be announced
14 Jul - 16 Jul'25
14 Jul - 16 Jul'25
16 Jul - 18 Jul'25
To be announced
Open Demat Account to Invest in any IPO
+91 -

personImage
Open Demat Account to Invest in any IPO
+91 -