# Pragyawan Technologies files DRHP with Sebi for Rs 400 crore IPO — retained record

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-07-03 09:43 ingested 2026-07-04 08:32

[original source ↗](https://economictimes.indiatimes.com/markets/stocks/news/pragyawan-technologies-files-drhp-with-sebi-for-rs-400-crore-ipo/articleshow/132157906.cms)

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The proposed public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer for Sale (OFS) of up to 15 million equity shares with a face value of Rs 2 each.
The company intends to utilize the net proceeds from the fresh issue primarily to meet its working capital requirements, amounting to Rs 400 crore, while the remaining funds will be deployed for general corporate purposes.
According to the F&S Report, Pragyawan Technologies has demonstrated robust business growth in recent years, driven by its diversified portfolio and execution capabilities. The company is engaged in the supply of skill development and training products, while also delivering utility solutions and operations & maintenance (O&M) services across critical infrastructure sectors.
Pragyawan Technologies currently operates through two key business verticals:
Skill Development: Offering training products, capacity-building programs, and learning solutions.
Utility Solutions: Delivering execution and O&M services across power, water, renewable energy, and allied infrastructure segments.
The company's integrated business model encompasses procurement, contract manufacturing, system integration, project execution, and lifecycle support, enabling it to execute specification-driven projects across multiple geographies in India. By combining these capabilities, Pragyawan Technologies helps customers enhance operational efficiency, strengthen institutional capacities, and bridge complex execution requirements with large-scale supply capabilities.
Pantomath Capital Advisors Limited has been appointed as the sole Book Running Lead Manager (BRLM) to the issue.
About Pragyawan Technologies
Pragyawan Technologies is a diversified technology and infrastructure solutions company offering services across skill development, utility solutions, and operations & maintenance. Its integrated approach combines procurement, contract manufacturing, system integration, project execution, and lifecycle support, enabling the company to deliver end-to-end solutions across sectors such as power, water, renewable energy, and allied infrastructure. Through its focus on capacity building and efficient project execution, the company supports institutions and enterprises in enhancing operational performance while addressing complex infrastructure and training requirements across India.
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