Prakhar Software Solutions Limited

Prakhar Software Solutions (NEW IPO):GMP, Profit, Price & expert review

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Prakhar Software Solutions Limited is a New Delhi-based IT and e-governance service provider that has diversified into recruitment process outsourcing and cutting-edge drone technology. It offers a broad range of services including software development, IT consulting, and project management, while notably operating a dedicated drone R&D and training facility in Madhya Pradesh

Prakhar Software Solutions Limited was incorporated on January 2, 2014 & the company is currently led by Mrs. Sahasha Namdeo.

The company boasts an extensive customer reach, serving major government entities like the Election Commission of India, AAI (managing 25+ airports), and the GeM portal, alongside diverse corporate clients.

Strategically positioned as an SME IPO, Prakhar Software Solutions Limited filed its Draft Red Herring Prospectus (DRHP), proposing an IPO size of Up to 1,22,16,000 Equity Shares consisting entirely as a Fresh Issue of 1,22,16,000 Equity Shares and no Offer for Sale.

Subscription date to apply for Prakhar Software Solutions Limited is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:Up to 1,22,16,000 Equity Shares
Fresh Issue:Up to 1,22,16,000 Equity Shares
Offer for Sale:N/A
Price Range:TBA
Lot Size:TBA
GMPPending

Prakhar Software Solutions Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2024
Networth₹ 46.54 Cr
Revenue:₹144.93 Cr
EBITDA₹27.22 Cr
EBITDA Margin:18.78%
PAT₹18.31 Cr
PAT Margin12.64%
Face Value:₹ 05

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Setting High Performance GPU Server~ ₹ 18.82 Cr
Upgrading existing IT infrastructure~ ₹ 6.86 Cr
Sales and Marketing~ ₹ 7.48 Cr
Ultra-Advanced AI Staffing Suite₹ 30.00 Cr

Prakhar Software Solutions Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 87.9₹ 95.0₹ 144.9
PAT (₹ Cr)₹ 4.1₹ 7.7₹ 18.3
Asset (₹ Cr)₹ 24.6₹ 48.1₹ 80.2
Net Worth (₹ Cr)₹ 8.6₹ 16.3₹ 46.5

Prakhar Software Solutions Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
05-Apr₹ –₹ –₹ –
04-Apr₹ –₹ –₹ –
03-Apr₹ –₹ –₹ –
02-Apr₹ –₹ –₹ –
01-Apr₹ –₹ –₹ –
Prakhar Software Solutions

Prakhar Software Solutions IPO Pros & Cons

Strengths:

  • Explosive Profit Growth: PAT surged by 138% in FY25, showing exceptional bottom-line efficiency and high-speed business scaling.
  • Strong Return Ratios: Boasts a robust ROE of 57.91% and ROCE of 66.80%, indicating highly efficient capital usage. Low Debt Profile:
  • The company maintains a healthy Debt-to-Equity ratio of 0.17, ensuring minimal financial leverage risks.
  • Emerging Drone Segment: Strategic entry into drone services and anti-drone technology taps into a high-growth, niche market.
  • Diverse Revenue Streams: Operates across e-governance, IT staffing, and software development, reducing dependency on a single sector.

Risks:

  • Assessment Risks: Listing on NSE SME platform implies lower liquidity and higher price volatility for retail investors.
  • Negative Cash Flows: Despite high profits, the company reported negative cash flow from operations in recent financial periods.
  • High Working Capital: Working capital days increased significantly to 135 days, suggesting potential delays in payment collections.
  • Intense Market Competition: Faces stiff competition from established IT giants and specialized drone startups with deeper financial pockets.
  • Inorganic Growth Risks: Part of IPO proceeds funds “unidentified acquisitions,” which carries execution and integration uncertainty risks.

Prakhar Software Solutions Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Sahasha Namdeo~ 44.81%
Pradeep Namdeo~ 44.37%
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Prakhar Software Solutions Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Prakhar Software Solutions Limited

Lead / Book Running Lead ManagersArihant Capital Markets Limited
Registrar (RTA)Skyline Financial Services Pvt. Ltd.

FAQ’s of Prakhar Software Solutions Limited

  • Itprovides IT services, e-governance solutions, manpower staffing, and advanced drone technology services.

  • Prakhar Software Solutions Limited is raising funds via IPO for GPU servers, IT infrastructure, AI suite development, and acquisitions.

  • Prakhar Software Solutions Limited is offering 1,22,16,000 equity shares. It will be listed on the NSE Emerge platform.

  • Key risks include high client concentration, negative operating cash flows, and dependencies on manpower staffing services.

  • Potential upsides include AI expansion, drone sector growth, robust profit margins, and high return ratios.

  • You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.

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