PRO FX Tech IPO: Price, Overview, And GMP

PRO FX Tech IPO- Complete Overview

PRO FX Tech IPO under the SME IPO category is a bookbuild issue of Rs. 40.30 Cr by PRO FX Tech Limited. It was established in 2006 and engaged in the distribution of AV equipment such as amplifiers, audio streamers, processors, turntables, speakers, subwoofers, sound bars, and advertising cables. 

This company develops specialised audio-visual systems for various types of home theatres and automation systems, as well as multi-room audio installations for residential users and for institutional corporate clients.

They distribute products of Denon, Polk, JBL, among others. They distribute, granting them rights to use these brands so that they can get the latest innovations in AV equipment and high-quality goods imported from other countries.

The Company has encompassed its display range through seven Showrooms and two Experience centres across six cities in India, namely Ernakulum, Mysore, Mumbai, Bangalore, Coimbatore, and Chennai.

PRO FX Tech IPO Overview

The PRO FX Tech IPO date is on 26 June 2025, and its initial public offering will end on 30 June 2025. 

The Rs. 40.30 crore new SME IPO comprises a wholly fresh issue of 46.32 lac Shares. The PRO FX Tech IPO price is Rs. 82 to Rs. 87 for each Share. 

The PRO FX Tech IPO listing date (expected) is Thursday, Jul 03, 2025, and listing at the NSE and SME.

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Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	66.15	46.41	37.50
Total Revenue	130.05	110.94	96.26
PAT	12.24	9.44	6.35
Net Worth	36.91	24.72	15.37
Reserves & Surplus	24.56	12.33	15.75
Borrowings	2.05	3.82	0.62

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	295.88	87.54	(157.05)
Net Cash Flow Investing Activities	(66.90)	(29.93)	(21.46)
Net Cash Flow Financing Activities	(271.57)	235.51	(171.24)

 

Revenue Bifurcation

Segment-wise Revenue Bifurcation

(Amount in lac)

Geography-wise Revenue Bifurcation

(Amount in lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment of a portion of the company's borrowed funds.

• Financing capital expenditures for the establishment of three new "Showroom" experience centers.

• To fulfill the needs for working capital.

• General corporate purposes.

 

Click to check the IPO application status.

Peers of PRO FX Tech Ltd.

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

 

Evaluation

The PRO FX Tech Limited IPO price is Rs. 82 to Rs. 87 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2025 with an EPS of Rs. 9.51 from the last year, the resulting P/E ratio is 9.14x.

Considering the weighted EPS of Rs. 8.02 for the last three years, the P/E ratio is 10.84x.

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IPO's Strengths

• Broad geographical reach, as well as distribution and retail network channels.

• Comprehensive service infrastructure.

• A seasoned sales and technical team.

• Strong customer acquisition, dynamic promotional activity, and effective marketing communications.

• An effective promoter, together with an experienced management team.

 

 

IPO’s Weaknesses

• The company relies greatly on international suppliers and local vendors for procurement. Any disruption or delivery failure coupled with rising costs of these partners stands to disturb operations and profit margins.

• Due to the Automation and Audio-Video industry's rapid advancements, products have shorter life cycles. In case a company fails to keep pace with industry trends as well as new technologies, it exposes itself to inventory stagnation, devaluation, reduced price realisation, and diminished demand.

• Heavy reliance on imports makes these companies especially vulnerable. A fall in the Indian rupee value would increase costs from peripheral countries, along with other geopolitical conflicts in supplier nations, leading to supply chain disruptions.

 

PRO FX Tech IPO GMP

PRO FX Tech IPO GMP is Rs. 0 as of 25 Jun 2025 while writing this information. Hence, its expected listing price is Rs. 87.

IPO Timetable (Tentative)

The PRO FX IPO date of allotment is on Jul 01 and listing on Jul 03, 2025.

Events	Date
IPO Opening Date	Jun 26, 2025
IPO Closing Date	Jun 30, 2025
IPO Allotment Date	Jul 01, 2025
Refund Initiation	Jul 02, 2025
IPO Listing Date	Jul 03, 2025

 

PRO FX Tech IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 46,32,000 Shares (Rs. 40.30 Cr) with a market maker portion of 2,40,000 Shares (Rs. 2.09 Cr).

IPO Opening & Closing Date	26 Jun, 2025 to 30 Jun, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 82 to Rs. 87 per Share.
Lot Size	1600 Shares
Issue Size	46,32,000 Shares (Rs. 40.30 Cr)
Offer for Sale	-
Fresh Issue	46,32,000 Shares (Rs. 40.30 Cr)
Listing at	NSE, SME
Issue Type	Book Built Issue
Registrar	Cameo Corporate Services Limited

 

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs. 1,39,200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs. 2,78,400.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	50%
Retail’s Portion	35%
Non-Institutional Portion	15%

 

Promoters And Management of PRO FX Tech Ltd.

• Manmohan Ganesh

• Shreya Nambiar

Pre-Issue Promoter Shareholding	68.40%
Post-Issue Promoter Shareholding	50.30%

 

IPO Lead Managers

• Hem Securities Limited.

 

 

Dividend Policy

The company has not declared a dividend in the last three years.

 

Conclusion

FX Tech IPO offers access to a unique tech-enabled trading solutions provider. They aim at scalable B2B and retail segments because of their strong financials, diverse service offerings, and institutional-grade tools. It does have some operational risks and negative cash flows.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.