Bookbuilding IPO | ₹28 Cr | Listed at BSE SME | Mon, Dec 8, 2025 - Wed, Dec 10, 2025
Prodocs Solutions IPO is a book build issue of ₹27.60 crores. The issue is a combination of fresh issue of 0.16 crore shares aggregating to ₹22.08 crores and offer for sale of 0.04 crore shares aggregating to ₹5.52 crores.
Prodocs Solutions IPO bidding started from Dec 8, 2025 and ended on Dec 10, 2025. The allotment for Prodocs Solutions IPO was finalized on Dec 11, 2025. The shares got listed on BSE SME on Dec 15, 2025.
Prodocs Solutions IPO price band is set at ₹138 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,76,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,14,000.
Cumulative Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Fortune Fiscal Limited.
Refer to Prodocs Solutions IPO RHP for detailed Information.
IPO Open
Mon, Dec 8, 2025
IPO Close
Wed, Dec 10, 2025
Issue Price
₹138 per share
Market Cap (Pre-IPO)
₹97.29 Cr
| IPO Date | 8 to 10 Dec, 2025 |
| Listed on | Mon, Dec 15, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹131 to ₹138 |
| Issue Price | ₹138 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 20,00,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 1,00,000 shares Fortune Fiscal Limited (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 15,00,000 shares (agg. up to ₹21 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 19,00,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 54,50,000 shares |
| Share Holding Post Issue | 70,50,000 shares |
| BSE Script Code | 544643 |
| ISIN | INE10XK01019 |
Prodocs Solutions IPO comprises a total issue size of 20,00,000 shares. The net offer to the public is 19,00,000 shares, after excluding 1,00,000 shares allotted on a firm basis. Of the Net offer 9,30,000 (48.95%) are allocated to QIB, 3,00,000 (15.79%) allocated to NII 6,70,000 (35.26%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,30,000 | 48.95% | 46.50% |
| − Anchor Investor Shares Offered | 5,58,000 | 27.90% | |
| − QIB (Ex. Anchor) Shares Offered | 3,72,000 | 18.60% | |
| NII (HNI) Shares Offered | 3,00,000 | 15.79% | 15.00% |
| − bNII > ₹10L | 1,98,000 | 9.90% | |
| − sNII < ₹10L | 1,02,000 | 5.10% | |
| Retail Shares Offered | 6,70,000 | 35.26% | 33.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,00,000 | 5.00% | |
| Total Shares Offered | 20,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,76,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,76,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,14,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,66,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,04,000 |
Prodocs Solutions IPO raises ₹7.70 crore from anchor investors. Prodocs Solutions IPO Anchor bid date is December 5, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 5, 2025 |
| Shares Offered | 5,58,000 |
| Anchor Portion (₹ Cr.) | 7.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 9, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 10, 2026 |
Incorporated in March 2019, Prodocs Solutions Limited is engaged in the IT-enabled services (ITES/BPO) business, primarily operating in the non-voice BPO segment.
The company is a diverse non-voice BPO, providing a wide spectrum of services ranging from Indexing Services, Title Services, e-Publishing, and other business services comprising finance and accounting and litigation support.
The company offers offshore solutions tailored to meet the needs of the clientele based primarily in US and Australia.
The company's workforce of over 1,000 employees is mainly located in Mumbai at its delivery facility. This infrastructure enables them to maintain operational excellence and efficiency while meeting their clients' evolving demands. The company is certified with ISO 9001:2015 for Quality Management; ISO 14001:2015 for Environment Management and ISO 27001:2022 for Information Security Management, ensuring that all the services comply with rigorous International Standards of excellence, reliability, and data protection.
Services:
As of October 31, 2025, the Company employs 1011 individuals. It holds certifications in quality management (ISO 9001:2015), environmental management (ISO 14001:2015), and information security (ISO 27001:2022).
Competitive Strengths:
Prodocs Solutions Ltd.'s revenue decreased by 6% and profit after tax (PAT) rose by 61% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 38.94 | 35.08 | 13.04 | 7.65 |
| Total Income | 21.11 | 42.78 | 45.66 | 36.81 |
| Profit After Tax | 3.43 | 5.11 | 3.16 | 1.54 |
| EBITDA | 5.53 | 8.18 | 4.62 | 2.19 |
| NET Worth | 22.43 | 19.19 | 5.87 | 2.80 |
| Reserves and Surplus | 16.98 | 13.74 | 5.06 | 2.66 |
| Total Borrowing | 7.46 | 7.99 | 2.15 | 0.85 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Design, development, implementation & support for a tailored software to meet the specific needs of the Company | 4.31 |
| 2 | Funding capital expenditure towards purchase & installation of IT equipment, computer hardware, and other ancillary equipment | 3.93 |
| 3 | Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company | 3.77 |
| 4 | Funding working capital requirements of the Company | 4.50 |
| 5 | General corporate purposes | 3.29 |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 27.12% |
| Debt/Equity | 0.42 |
| RoNW | 26.62% |
| PAT Margin | 11.94% |
| EBITDA Margin | 19.57% |
| Price to Book Value | 3.83 |
KPIs are based on the Restated Standalone Statement of March 2025.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.37 | 9.72 |
| P/E (x) | 14.72 | 14.2 |
| Promoter Holding | 74.31% | 51.77% |
| Market Cap | ₹97.29 Cr. |
The Prodocs Solutions IPO is subscribed 2.66 times on December 10, 2025 6:19:42 PM (Day 3). The public issue subscribed 2.38 times in the individual investors category, 1.59 times in the QIB category, and 4.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.59 | 3,72,000 | 5,93,000 | 0 |
| NII* | 4.61 | 3,00,000 | 13,84,000 | 0 |
| bNII (bids above ₹10L) | 5.51 | 1,98,000 | 10,91,000 | |
| sNII (bids below ₹10L) | 2.87 | 1,02,000 | 2,93,000 | |
| Individual Investor | 2.38 | 6,70,000 | 15,96,000 | 0 |
| Total | 2.66 | 13,42,000 | 35,73,000 | 921 |
Total Application : 921
*Market Maker portion is not included to NII/HNI.
Consolidated Financial Statement
| Period Ended | Sep 30, 2025 (Amount in Rs Lakhs) |
|---|---|
| Assets | 38.94 |
| Total Income | 2,501.87 |
| Profit After Tax | 378.44 |
| EBITDA | 601.60 |
| NET Worth | 2,293.75 |
| Reserves and Surplus | 1,748.75 |
| Total Borrowing | 1,190.25 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Book Running Lead Manager | 0.15 |
| 2 | Underwriting Fees | 1.35 |
| 3 | Market Maker Fees | 0.04 |
| 4 | Brokerage, selling commission and upload fees and Sponsor Banker | 0.01 |
| 5 | Fees payable to Registrar to Offer | 0.01 |
| 6 | Fees payable to Legal Advisor | 0.08 |
| 7 | Statutory Advertisement Expenses | 0.05 |
| 8 | Statutory Printing of Offer related documents | 0.01 |
| 9 | Regulators including Stock Exchange | 0.06 |
| 10 | Fees to Monitoring Agency | 0.04 |
| 11 | Fees to Peer Review Auditor | 0.10 |
| 12 | Others (including the Advertising and marketing & promotion expenses, Depositories fees and charges, ROC fees, Stamp duty and other misc. expenses of professionals as above mentioned etc.) | 0.81 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹138.00 |
| Open | ₹144.00 |
| Low | ₹141.00 |
| High | ₹151.20 |
| Last Trade | ₹151.20 |
Lead Manager Reports
Prodocs Solutions IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹138 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Dec 8, 2025, and closes on Wed, Dec 10, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Prodocs Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Prodocs Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prodocs Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prodocs Solutions IPO opens on Mon, Dec 8, 2025 and closes on Wed, Dec 10, 2025.
Prodocs Solutions IPO lot size is 1000, and the minimum amount required for application is ₹2,76,000, with 2 lots being the minimum application size.
You can apply in Prodocs Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Prodocs Solutions IPO will be done on Thursday, December 11, 2025, and the allotted shares will be credited to your demat account by Fri, Dec 12, 2025. Check the Prodocs Solutions IPO allotment status.
The Prodocs Solutions IPO listing date is on Mon, Dec 15, 2025.
