About
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 Stock Quote & Charts
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 Details
| 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 & 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 (agg. up to ₹1 Cr) Fortune Fiscal Limited |
| 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 |
IPO Timetable
- IPO OpenMon, Dec 8, 2025
- IPO CloseWed, Dec 10, 2025
- AllotmentThu, Dec 11, 2025
- RefundFri, Dec 12, 2025
- Credit of SharesFri, Dec 12, 2025
- ListingMon, Dec 15, 2025
IPO Reservation
Prodocs Solutions IPO offers total 20,00,000 shares. Out of which 9,30,000 (46.50%) allocated to QIB, 3,72,000 (18.60%) allocated to QIB (Ex- Anchor), 3,00,000 (15.00%) allocated to
NII
6,70,000 (33.50%) allocated to RII and 5,58,000 (27.90%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,00,000 (5.00%) |
| QIB Shares Offered | 9,30,000 (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 (15.00%) |
| − bNII > ₹10L | 1,98,000 (9.90%) |
| − sNII < ₹10L | 1,02,000 (5.10%) |
| Retail Shares Offered | 6,70,000 (33.50%) |
| Total Shares Offered | 20,00,000 (100.00%) |
IPO Lot Size
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 |
IPO Anchor Investors
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 |
About Prodocs Solutions Ltd.
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:
- Title Services: They provide title insurance and related information services essential for real estate and mortgage settlement processes in the United States and select international market.
- E-Publishing Services: They provide a range of services for all aspects of digital publishing.
- Indexing Services: provide indexing services to clients across the US, Australia, and the UK. They process a variety of forms, including: Traffic citations, Rebate coupons, and Medical forms.
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:
- Integrated solutions across multiple domains
- Commitment to quality and compliance
- Global reach with diverse clientele
- Experience and expertise
Company Financials (Restated Standalone)
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 | ||||
IPO Objects of the Issue
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 |
Key Performance Indicator (KPI)
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.37 | 9.72 |
| P/E (x) | 14.72 | 14.2 |
| Promoter Holding | 74.31% | 51.77% |
| Market Cap | ₹97.29 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.
KPIs are based on the Restated Standalone Statement of March 2025.
IPO Review
Prodocs Solutions IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
Prodocs Solutions IPO Subscription Status (Bidding Detail)
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 |
IPO Expenses
| # | 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 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹138.00 |
| Open | ₹144.00 |
| Low | ₹141.00 |
| High | ₹151.20 |
| Last Trade | ₹151.20 |
Check IPO Performance…
IPO Registrar
MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- prodocssolutions.smeipo@in.mpms.mufg.com
- Visit Website
IPO Lead Manager(s)
- Cumulative Capital Pvt.Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +91 22 6231 5800
- secretarial@prodocssolution.com
- Visit Website
IPO FAQs
What is the Prodocs Solutions IPO?
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.
How to apply in Prodocs Solutions IPO through Zerodha?
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 the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Prodocs Solutions IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When Prodocs Solutions IPO will open?
The Prodocs Solutions IPO opens on Mon, Dec 8, 2025 and closes on Wed, Dec 10, 2025.
What is the lot size of Prodocs Solutions IPO?
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.
How to apply for Prodocs Solutions IPO?
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.
When is Prodocs Solutions IPO allotment?
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.
When is Prodocs Solutions IPO listing date ?
The Prodocs Solutions IPO listing date is on Mon, Dec 15, 2025.
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