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Prodocs Solutions IPO : Price, GMP, Analysis, And Details
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Prodocs Solutions IPO- Company Analysis
Prodocs Solutions IPO under the SME IPO category is a book build issue of Rs. 27.60 Cr by Prodocs Solutions Limited and operates in the non-voice BPO sector of the IT-enabled services (ITES/BPO) industry.
The organization is a multifaceted non-voice BPO that offers a wide range of services, including e-publishing, indexing, title services, and other business services, including accounting, finance and litigation assistance.
Most of its clients are headquartered in the United States and Australia, and the company provides offshore solutions tailored to their needs. The company employs around 1,000 people, most of whom work at its delivery facility in Mumbai. They are able to satisfy their clients' changing needs while maintaining operating quality and efficiency thanks to this infrastructure.
Services:
- Title Services.
- Indexing Services.
- E-Publishing Services.
Prodocs Solutions IPO Details
The Prodocs Solutions IPO date of opening is 08 December 2025, its initial public offering will end on 10 Dec, IPO allotment on Dec 11 and refund initiation on Dec 12, 2025.
The Rs. 27.60 crore new SME IPO comprises a combination of fresh issue of 0.16 crore shares (Rs. 22.08 Cr) and an offer for sale of 0.04 crore shares (Rs. 5.52 Cr).
The Prodocs Solutions IPO listing date (expected) might be on Monday, Dec 15, 2025, and listing at the BSE and SME. The Prodocs Solutions IPO price band is Rs. 131 to Rs. 138.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Dec 08, 2025 |
|
IPO Closing Date |
Dec 10, 2025 |
|
IPO Allotment Date |
Dec 11, 2025 |
|
Refund Initiation |
Dec 12, 2025 |
|
IPO Listing Date |
Dec 15, 2025 |
Click to open demat account and apply for the IPO.
Company Financials (Restated Consolidated)
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
35.08 |
13.04 |
7.65 |
|
Total Income |
42.78 |
45.66 |
36.81 |
|
PAT |
5.11 |
3.16 |
1.54 |
|
EBITDA |
8.18 |
4.62 |
2.19 |
|
Net Worth |
19.19 |
5.87 |
2.80 |
|
Reserves & Surplus |
13.74 |
5.06 |
2.66 |
|
Total Borrowing |
7.99 |
2.15 |
0.85 |
Cash Flows
(Amount in lac)
| Net Cash Flow | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|
Net Cash Flow Operating Activities |
306.26 |
258.69 |
316.75 |
|
Net Cash Flow Investing Activities |
(1,598.23) |
(347.49) |
(176.33) |
|
Net Cash Flow Financing Activities |
1,310.74 |
80.36 |
(146.99) |
Revenue Bifurcation
(Rs. in Lac)
(Source: DRHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Design, development, implementation & support for a tailored software to meet the specific needs of the Company. ~ Rs. 4.31 Cr.
- Funding capital expenditure towards the purchase & installation of IT equipment, computer hardware, and other ancillary equipment. ~ Rs. 3.93 Cr.
- Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company. ~ Rs. 3.77 Cr.
- Funding the working capital requirements of the Company. ~ Rs. 4.50 Cr.
- General corporate purposes.
Listed Peers of Prodocs Solutions Ltd.
|
Company Name |
Face Value (Rs. ) |
EPS (Rs. ) |
P/E Ratio (x) |
|
Airan Limited (Consolidated) |
2 |
14.38 |
14.38 |
|
Atishay Limited (Standalone) |
10 |
29.79 |
29.47 |
|
Dev Information Technology Limited (Consolidated) |
2 |
6.12 |
6.11 |
|
Riddhi Corporate Services Limited (Standalone) |
10 |
6.10 |
6.10 |
Valuation
|
KPI |
Value |
|
ROCE |
27.12% |
|
Debt-to-Equity |
0.42 |
|
RoNW |
26.62% |
|
PAT Margin |
11.94% |
|
EBITDA Margin |
19.57% |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 9.60 from the last year, the resulting P/E ratio is 14.37x.
Explore the Luxury Time IPO.
IPO's Strengths
- Integrated solutions from several domains.
- Dedication to compliance and quality.
- Global reach and a wide range of clients.
- Knowledge and proficiency
IPO’s Weaknesses
- Over 70% of revenue comes from foreign markets (the US, UK, and Europe), which makes it vulnerable to downturns in the world economy.
- Data security and regulatory compliance concerns, with laws such as the DPDP Act 2023 increasing the cost of compliance.
- Restricted growth in premium BPS services like legal process outsourcing (LPO) and knowledge process outsourcing (KPO).
Prodocs Solutions IPO GMP (Grey Market Premium)
Prodocs Solutions IPO GMP today is Rs. 0 as of 05 Dec 2025 while writing this information. With a price band set at Rs. 138, suggests that the estimated listing price of the IPO could be around Rs. 138, indicating a gain/loss of 0%.
Prodocs Solutions IPO Summary
|
IPO Opening & Closing Date |
08 Dec, 2025 to 10 Dec, 2025 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
131 to Rs. 138 per Share. |
|
Lot Size |
1000 Shares |
|
Issue Size |
20,00,000 Shares (Rs. 27.60 Cr) |
|
Offer for Sale |
4,00,000 Shares (Rs. 5.52 Cr) |
|
Fresh Issue |
15,00,000 Shares (Rs. 20.70 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build issue IPO |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum of 2 Lots (2000 Shares) for Rs. 2,76,000, and in multiples thereof, while S-HNI investors can invest in a minimum of 3 Lots (3000 Shares) for Rs. 4,14,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
S-HNI (Min) |
3 Lots |
Prodocs Solutions IPO Allotment Status
To check the Prodocs Solutions IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Prodocs Solutions Ltd.
- Nidhi Parth Sheth
- Manan H Kothari
- Pallavi Hiren Kothari
- Onus Digital Services Private Limited.
|
Pre-Issue Promoter Shareholding |
74.31% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
-
Cumulative Capital Pvt. Ltd.
Dividend Policy
- The company has paid a dividend of Rs. 1 per equity Share in FY24 and FY23.
Conclusion
Investors can gain exposure to a developing non-voice BPO business with robust profitability indicators and a global customer through Prodocs Solutions IPO. Despite the company's strong profit margins and aspirations for growth, reliance on overseas markets and growing compliance expenses continue to be major threats.
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.
Click Here To Stay Updated With The Upcoming IPOs.
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.
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Frequently Asked Questions
Dec 08, 2025.
On Dec 15, 2025, this IPO can be listed
To apply for the Prodocs Solutions IPO, you need to have a demat account. If not, click to open demat account, then log in to the app and search for IPO, fill in the necessary details, bids, DOB, etc, during the IPO open date, and submit your request.
- To check the allotment status of any IPO, follow the simple guide below-
- Go to the Registrar's website (e.g. KFintech, Link Intime, Bigshare). For your reference, the websites of these Registrars are provided below-
Link Intime IPO allotment status
Kfintech IPO allotment status
- From the menu, choose the IPO name.
- Enter your DP/Client ID, Application No., or PAN.
- Click "Search" or "Submit" to see the status of your allocation.
Dec 11, 2025.
