Prodocs Solutions SME IPO
ListedBSE SMEOpens 8 December 2025Closes 10 December 2025
Prodocs Solutions Limited, incorporated in 2019, is an IT Enabled Services (ITES/BPO) company specializing in non-voice processes. The company provides specialized services like Indexing, Title Services (for US real…
Prodocs Solutions Limited, incorporated in 2019, is an IT Enabled Services (ITES/BPO) company specializing in non-voice processes. The company provides specialized services like Indexing, Title Services (for US real estate/mortgage), e-Publishing, and litigation support. It offers offshore solutions primarily to clients in the U.S. and Australia, supported by a workforce of over 1,100 employees. The company recently acquired 60% of eData Solutions Inc. in the US to gain direct client access and is certified under ISO 9001, 14001, and 27001.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
8 Dec
IPO Closes
10 Dec
Allotment
11 Dec
Listing
15 Dec
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 8 December 2025 |
| IPO Close Date | 10 December 2025 |
| Allotment Date | 11 December 2025 |
| Listing Date | 15 December 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,76,000 |
SHNI (Min) | 3 | ₹4,14,000 |
SHNI (Max) | 7 | ₹9,66,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,04,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 46.50% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.10% |
| BHNI (Big Non-Institutional Investor) | 9.90% |
| Retail | 33.50% |
| Market Maker | 5.00% |
| Total | 100.00% |
IPO Objectives
- Design, development, implementation & support for a tailored software to meet the specific needs of the Company (₹4.31 Cr).
- Funding capital expenditure towards purchase & installation of IT equipment, computer hardware, and other ancillary equipment (₹3.93 Cr).
- Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company (₹3.77 Cr).
- Funding working capital requirements of the Company (₹4.50 Cr).
- General corporate purposes.
Strengths
- The company offers Integrated ITES Solutions, specializing in non-voice BPO services across Title, Indexing, and E-Publishing, which creates high client stickiness.
- It has Global Reach and Diverse Clientele, providing offshore solutions primarily for the US and Australia, ensuring revenue stability and diversification.
- The business demonstrates a Commitment to Quality and Compliance, holding major international certifications (ISO 9001, ISO 14001, ISO 27001) for rigorous data security and reliability.
- The Acquisition-led Growth strategy, including the recent acquisition of eData Solutions Inc. in the US, provides direct access to the US client base.
- The company exhibits Healthy Profitability, shown by a strong RoCE of 27.12% and a low Debt/Equity ratio of 0.42 (FY25).
Weaknesses
- The reported 6% decline in total income in FY25 despite a rise in PAT raises concerns about the top-line Revenue Instability and business sustainability in a competitive segment.
- There is Geographic Concentration with high dependence on the US and Australian markets, making revenue vulnerable to foreign currency fluctuations and real estate/mortgage cycles in the US.
- The business has significant Working Capital Needs, with IPO proceeds allocated to cover substantial requirements and debt repayment.
- The High Employee Count (over 1,100 employees) makes the business susceptible to rising wage inflation and attrition risk in the ITES sector.
Financial Performance
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 38.94 | 35.08 | 13.04 | 7.65 |
| Revenue (₹ Cr.) | 21.11 | 42.78 | 45.66 | 36.81 |
| PAT (₹ Cr.) | 3.43 | 5.11 | 3.16 | 1.54 |
| Net Worth (₹ Cr.) | 22.43 | 19.19 | 5.87 | 2.8 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 1.59x |
| NII | 1.38x | 1.64x | 4.61x |
| S-HNI | 0.64x | 1.22x | 2.87x |
| B-HNI | 1.77x | 1.86x | 5.51x |
| RII | 0.09x | 0.35x | 2.38x |
| Total | 0.35x | 0.54x | 2.66x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 3,72,000 | 5,93,000 | 8.18 |
| NII | 3,00,000 | 13,84,000 | 19.1 |
| Small NII | 1,02,000 | 2,93,000 | 4.04 |
| Big NII | 1,98,000 | 10,91,000 | 15.06 |
| RII | 6,70,000 | 15,96,000 | 22.02 |
| Total | 13,42,000 | 35,73,000 | 49.31 |
Company Details
- Prodocs Solutions Ltd.
- 6/19, 1st Floor, Transmission House, Compound No. 82, MIDC, Near M.V. Road, Andheri East, Mumbai, -400059
- +91 22 6231 5800
- secretarial@prodocssolution.com
- http://www.prodocssolution.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- prodocssolutions.smeipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html
Frequently Asked Questions
What are the core ITES services provided by Prodocs Solutions?
When does the Prodocs Solutions IPO close for subscription?
What is the IPO price band and listing exchange?
What are the main objectives of the ₹20.70 Cr Fresh Issue?
What are the key financial strengths and risks for Prodocs Solutions?
What compliance certifications does Prodocs Solutions hold?
Prodocs Solutions SME IPO News & Updates
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Prodocs Solutions SME IPO IPO Pages
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Prodocs Solutions SME IPO GMP
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Prodocs Solutions SME IPO Subscription
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Prodocs Solutions SME IPO Allotment
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Sources
We match Prodocs Solutions SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.