PRO FX Tech SME: Check IPO Date, Live Subscription and Key Details
PRO FX Tech is engaged in the distribution of high-end Audio-Video (AV) products and the design and implementation of customized AV solutions. Their product portfolio includes amplifiers, processors, turntables, audio streamers, speakers, subwoofers, sound bars, cables, projectors, and digital signage systems, distributed through partnerships with global brands like Denon, Polk, Definitive Technology, KEF, Theory, Pro Audio Technology, and JBL.
Min Investment
₹139200
Price Range
₹82.00-87.00
Issue Size
₹38.21 Cr
IPO Type
NSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
6.99
P/E Ratio
12.44
RoNW
33.15%
ROE
39.71%
Debt to Equity
0.06
Timeline
IPO Opens
26 Jun
IPO Closes
30 Jun
Allotment
1 Jul
Listing
3 Jul
IPO Objectives
- Repayment of a portion of certain borrowing availed by the Company.
- Funding capital expenditure towards setting-up of 3 new Showroom cum experience centres (“Showroom”).
- To meet Working Capital requirements.
- General Corporate Purpose.
Strengths
- Wide geographical reach and established distribution & retail network across five major Indian cities (Ernakulam, Mysore, Bangalore, Coimbatore, Chennai), supported by 28 service centers.
- Extensive service infrastructure with company-managed and franchisee-based service centers ensuring comprehensive after-sales support and customer satisfaction.
- Experienced Sales and Technical Team (104 employees as of August 31, 2024, including 49 in sales/marketing and 43 in technical support), providing expertise in product sales, installation, and troubleshooting.
- Robust Marketing Strategies and Proactive Customer Engagement through a multi-channel approach (social media, press releases, trade shows, website), enhancing brand visibility and direct interaction.
- Experienced Promoter and Management Team with deep industry knowledge and strategic vision, leading the company since 2006.
Weaknesses
- Significant portion of revenues derived from a limited number of customers (top 10 customers accounted for 25.72% - 26.48% of total revenue from FY23-FY25), making the company vulnerable to the loss of key clients or changes in their purchasing patterns.
- High dependence on a limited number of suppliers for its products (top 10 suppliers accounted for 73.69% of purchases in 9M FY25), with no long-term contracts, exposing the company to supply chain disruptions and price volatility.
- Operating in a highly competitive and increasingly intense Audio-Video and Automation Industry with both organized and unorganized players, which can lead to pricing pressures and impact market share.
- The company's success relies on its ability to keep pace with rapidly changing technology and consumer preferences in the AV and automation industry, requiring continuous investment in product updates and training.
- The current global economic slowdown and geopolitical factors could negatively impact discretionary spending on premium AV products and home automation systems.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 66.15 | 46.41 | 37.5 | 32.95 |
| Revenue (₹ Cr.) | 130.05 | 110.94 | 96.26 | 86.25 |
| PAT (₹ Cr.) | 12.24 | 9.44 | 6.35 | 4.28 |
| Net Worth (₹ Cr.) | 36.91 | 24.72 | 15.37 | 8.23 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 3.55x | 3.55x | 22.03x |
| NII | 0.95x | 0.69x | 56.35x |
| RII | 0.17x | 0.47x | 13.83x |
| Total | 1.30x | 1.40x | 25.29x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 8,78,400 | 1,93,50,400 | 168.35 |
| NII | 6,59,200 | 3,71,45,600 | 323.17 |
| RII | 15,37,600 | 2,12,72,000 | 185.07 |
| Total | 30,75,200 | 7,77,68,000 | 676.58 |
Company Details
- PROFX Global Theatre, Ground Floor, 84, Barton Centre, Mahatma Gandhi Road, Bangalore Urban, Karnataka-560001, India
- +91 8041122539
- info@profx.com
- https://profx.com/
Registrar Details
- Cameo Corporate Services Limited
- +91-44-28460390
- ipo@cameoindia.com
- https://ipo.cameoindia.com/