Prodocs Solutions SME: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹131.0 - ₹138.0
Issue Size
₹26.22 Cr
Lot Size
1,000 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹138
Estimate Profit
-
Retail Portion
33.50%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
0
P/E Ratio
0
RoNW
26.62%
ROE
26.62%
Debt to Equity
0.42
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Timeline
IPO Opens
8 Dec
IPO Closes
10 Dec
Allotment
11 Dec
Listing
15 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 8 December 2025 | Subscription starts |
| IPO Close Date | 10 December 2025 | Subscription ends |
| Allotment Date | 11 December 2025 | Allotment |
| Listing Date | 15 December 2025 | Listing |
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.
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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 |
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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?
Prodocs Solutions is a non-voice BPO providing specialized Indexing Services, Title Services (for US real estate/mortgage), and e-Publishing Services. It offers offshore solutions mainly to clients in the U.S. and Australia.
When does the Prodocs Solutions IPO close for subscription?
The Prodocs Solutions SME IPO is currently open for subscription and will close on December 10, 2025.
What is the IPO price band and listing exchange?
The price band is ₹131.00 to ₹138.00 per share, and the tentative listing date on the BSE SME is December 15, 2025.
What are the main objectives of the ₹20.70 Cr Fresh Issue?
The net proceeds will be used to fund Working Capital Requirements (₹4.50 Cr), repay outstanding borrowings (₹3.77 Cr), and fund IT infrastructure upgrades and software development (₹8.24 Cr total).
What are the key financial strengths and risks for Prodocs Solutions?
Key strengths include a strong RoNW of 26.62% and a low Debt/Equity ratio of 0.42. The key risk is the 6% revenue decline in FY25 despite a rise in PAT, raising concerns about business sustainability.
What compliance certifications does Prodocs Solutions hold?
The company holds major international certifications for compliance, including ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), and ISO 27001:2022 (Information Security Management).
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