Prodocs Solutions IPO opens on 8 December 2025 and closes on 10 December 2025. The SME IPO, priced between ₹131 and ₹138 per share, aims to raise around ₹27.60 crore. The issue includes a fresh issue of ₹22.08 crore and an offer for sale of 4,00,000 equity shares. The allotment will be declared on 11 December, and the listing is scheduled on BSE SME on 15 December 2025.
The company has posted steady financial growth, with FY2025 profit rising to ₹5.11 crore from ₹3.16 crore in FY2024. Its strong margins and consistent non-voice BPO demand make it a stable long-term consideration for investors.
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Prodocs Solutions IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹131 to ₹138 |
| Issue Size | ₹27.60 crore |
| Fresh Issue | ₹22.08 crore |
| Offer for Sale | 4,00,000 shares |
| Issue Type | Book Build Issue |
| Listing | BSE SME |
| DRHP | View PDF |
| RHP | View PDF |
Prodocs Solutions IPO
Open: 8-10 Dec
Issue Size: ₹27.60 Cr.
Objective: Fund IT infrastructure, repay loans, boost working capital and general growth.
Exchange: BSE SME
Prodocs Solutions IPO GMP Today
The Prodocs Solutions SME IPO GMP remains flat for the third consecutive session, indicating a neutral sentiment in the grey market. As per the latest update on 8 December 2025, the GMP stands at ₹0.
With the IPO priced at the cap of ₹138 per share, the estimated listing price also remains at ₹138. This reflects a 0% expected gain or loss based on current market interest. Such a muted trend usually suggests that grey market buyers are waiting for stronger subscription numbers or clearer demand before taking active positions.
Grey market activity over the last three days shows no movement at all, signalling stability rather than weakness. It simply means there is neither speculative premium nor discount being assigned to the IPO at this stage.
Often in SME IPOs, GMP picks up only after QIB and retail subscriptions start reflecting momentum. For now, the trend indicates steady but cautious sentiment.
Prodocs Solutions SME IPO Day-wise GMP Trend:
| Date | GMP | Estimated Listing Price | Expected Gain |
|---|---|---|---|
| 8 December 2025 | ₹0 | ₹138 | 0% |
| 7 December 2025 | ₹0 | ₹138 | 0% |
| 6 December 2025 | ₹0 | ₹138 | 0% |
| 5 December 2025 | ₹0 | ₹138 | 0% |
| 4 December 2025 | ₹0 | ₹138 | 0% |
| 3 December 2025 | ₹0 | ₹138 | 0% |
The table clearly shows a stable trend with no volatility. Investors should track daily updates, as GMP can change quickly once subscription levels rise.
Prodocs Solutions IPO Review
Prodocs Solutions is an established non-voice BPO company serving global clients in the US and Australia. The firm’s margins and profitability have improved in the last two years, supported by strong IT capability and offshore demand.
The IPO valuation appears reasonable for long-term investors, though short-term listing gains may depend on market sentiment.
Prodocs Solutions IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,76,000 |
| Retail Maximum | 2 | 2,000 | ₹2,76,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,14,000 |
| S-HNI Maximum | 7 | 7,000 | ₹9,66,000 |
| B-HNI Minimum | 8 | 8,000 | ₹11,04,000 |
IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| QIB | – | 50% |
| NII | – | 15% |
| Retail | – | 35% |
| Anchor | – | – |
Prodocs Solutions IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | December 5, 2025 |
| List | View PDF |
| Shares Offered | – |
| Anchor Size | – |
| Lock-in 50% (30 days) | January 10, 2026 |
| Lock-in 50% (90 days) | March 11, 2026 |
- Also Read: Vidya Wires IPO : Apply or Avoid?
Prodocs Solutions IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Basis of Allotment | December 11, 2025 |
| Refunds | December 12, 2025 |
| Credit to Demat | December 12, 2025 |
| Listing Date | December 15, 2025 |
| Cut-off Time | December 10, 2025 – 5 PM |
Promoters and Shareholding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 54,50,000 | 74.31% |
| Promoter Holding Post-Issue | 70,50,000 | – |
Objects of the Issue
The IPO proceeds will be used for technology development, including building customised software systems for internal operations.
Funds will also go towards capital expenditure such as IT hardware and other equipment. A portion of the capital will be utilised to repay borrowings, strengthen working capital, and support general corporate needs.
About Prodocs Solutions
Founded in 2019, Prodocs Solutions is a fast-growing IT-enabled services company specialising in non-voice BPO services.
The company offers indexing, title support, e-publishing, litigation support, and finance and accounting services. It serves multiple international clients and has a team of over 1,100 professionals supported by a strong in-house IT division.
Prodocs Solutions Financial Report (₹ in crores)
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 36.81 | 35.11 | 1.54 | 7.65 |
| 2024 | 45.66 | 41.92 | 3.16 | 13.04 |
| 2025 | 42.78 | 36.35 | 5.11 | 35.08 |
| September 2025 | 21.11 | 17.07 | 3.43 | 38.94 |
Prodocs Solutions IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 26.62% |
| ROCE | 27.12% |
| EBITDA Margin | 19.57% |
| PAT Margin | 11.94% |
| Debt-Equity Ratio | 0.42 |
| EPS (Basic) | ₹9.60 |
| P/E Ratio | N/A |
| RoNW | 40.78% |
| NAV | ₹36.05 |
Peer Group Comparison
| Company | EPS | PE | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Airan Ltd | 14.38 | 14.38 | 13.88% | 11.54 | 117.63 Cr |
| Atishay Ltd | 29.79 | 29.47 | 15.40% | 44.26 | 53.26 Cr |
| Dev IT Ltd | 6.12 | 6.11 | 13.83% | 12.18 | 183.91 Cr |
| Riddhi Corporate Services | 6.10 | 6.10 | 21.58% | 58.05 | 255.29 Cr |
IPO Lead Manager
- Cumulative Capital Pvt Ltd.
Company Address
| Particulars | Details |
|---|---|
| Address | 6/19, 1st Floor, Transmission House, Compound No. 82, MIDC, Near M.V. Road, Andheri East, Mumbai – 400059 |
| Phone | +91 22 6231 5800 |
| secretarial@prodocssolution.com | |
| Website | www.prodocssolution.com |
IPO Registrar
| Registrar | Details |
|---|---|
| MUFG Intime India Pvt. Ltd | +91-22-4918 6270 |
| prodocssolutions.smeipo@in.mpms.mufg.com | |
| Website | in.mpms.mufg.com |
Prodocs Solutions IPO FAQs
What is Prodocs Solutions IPO?
It is an SME IPO on BSE SME, aiming to raise ₹27.60 crore with a price band of ₹131–₹138.
When does the IPO open?
The IPO opens on 8 December and closes on 10 December 2025.
What is the investor quota?
QIB: 50%, NII: 15%, Retail: 35%.
How to apply for the IPO?
Investors can apply through ASBA via banks or UPI through stockbrokers.
What is the allotment date?
11 December 2025.
When is the listing?
15 December 2025 on BSE SME.
Expert Comment
Prodocs Solutions brings a consistent earnings profile, strong promoter experience, and healthy margins for a niche non-voice BPO segment.
The valuation looks steady for a long-term horizon, especially with rising global outsourcing demand. Investors looking for stability and gradual growth may consider this IPO for portfolio diversification.
