Prodocs Solutions IPO Details
Issue Date
08 Dec - 10 Dec'25
Price Range
₹131 - ₹138
Lot Size
1000
IPO Size
₹19.9 Cr
Prodocs Solutions IPO Listing Details
Listing On
15 Dec'25
Issue Price
₹138
Listed Price
₹ 144
Retail Gain/Listing Gain
▲4.35%
Schedule of Prodocs Solutions IPO
Start date
08/12/2025
End date
10/12/2025
Allotment of bids
11/12/2025
Refund Initiation
12/12/2025
Listing on exchange
15/12/2025
Prodocs Solutions IPO Subscription Status Live
(Last updated on 10 Dec 2025 04:45 PM)
Day 1 08-Dec-2025 | 0.33x | 0x | 0.09x | 1.04x |
Day 2 09-Dec-2025 | 0.57x | 0x | 0.35x | 1.48x |
Day 3 10-Dec-2025 | 2.53x | 1.59x | 2.34x | 3.71x |
Prodocs Solutions IPO Subscription Rate
Non-Institutional (HNI) | 3.71x |
Qualified Institutions | 1.59x |
Retail | 2.37x |
Total Subscription | 2.54x |
About Prodocs Solutions IPO
The IPO of Prodocs Solutions comprises a fresh issue and an offer for sale. Fresh issue comprises up to 16,00,000 equity shares while offer for sale is up to 4,00,000 equity shares. The price band is ₹131 to ₹138 per share, and it’s a 100% book-built offer.
Prodocs Solutions’ IPO opens on December 8, 2025 and closes on December 10, 2025. The allotment of shares will take place on December 11, 2025. The credit of shares to the Demat account will take place on December 12, 2025. The initiation of refunds will take place on December 12, 2025. The listing of shares will take place on December 15, 2025.
The lot size of shares in the IPO is 1000. The minimum number of lots in the IPO for retail investors is 2. The minimum investment amount required by a retail investor is ₹2,76,000 based on the upper price.
Prodocs Solutions is engaged in the IT Enabled Services (ITES/BPO) business, primarily operating in the non-voice BPO segment. It’s a diverse non-voice BPO Company 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.
Objectives of Prodocs Solutions IPO
The company plans to utilise the IPO proceeds to:
- Design, develop, implement and support for a tailored software to meet the specific needs of the company
- Fund capital expenditure towards purchase & installation of IT equipment, computer hardware, and other ancillary equipment
- Repay and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company
- Fund working capital requirements of the company
- General corporate purposes.
Upper Price Band | ₹138 |
Fresh Issue | Up to 16,00,000 equity shares |
Offer for Sale | Up to 4,00,000 equity shares |
EPS in ₹ in FY25 | 9.60 |
Prodocs Solutions IPO Lot Size
Individual Investors (Retail)(Min) | 2 | 2000 | 2,76,000 |
Individual Investors (Retail) (Max) | 2 | 2000 | 2,76,000 |
S-HNI (Min) | 3 | 3000 | 4,14,000 |
S-HNI (Max) | 7 | 7000 | 9,66,000 |
B-HNI (Min) | 8 | 8000 | 11,04,000 |
Prodocs Solutions IPO Share Offer and Subscription Details
QIBs | Not more than 50% of the offer size |
Non-institutional Bidders | Not more than 15% of the net offer |
Individual Investors | Not less than 35% of the net offer |
Prodocs Solutions Industry Outlook
The Business Process Management (BPM) industry in India is integral to the digital transformation of various sectors. Its role extends beyond cost efficiency to delivering customer-centric, technology-driven, and value-added solutions for businesses worldwide. The industry is expected to see continued growth, driven by automation, AI, cloud computing, and data analytics. With India's strong talent pool and advanced technological capabilities, the country remains a global leader in the BPM domain.
The IT-BPM industry in India experienced a CAGR of 11.85% from FY21 to FY23. This growth reflects the sector's resilience and expansion during this period. The rapid growth of India’s IT-BPM industry, as highlighted in the image, will have a significant positive impact on the Business Process Solutions (BPS) industry in India. With the industry's revenue reaching $245 billion in FY23 and expected to maintain strong momentum, the demand for outsourced business solutions will rise.
Prodocs Solutions Company Information
Prodocs Solutions is engaged in the IT Enabled Services (ITES/BPO) business, primarily operating in the non-voice BPO segment. It’s a diverse non-voice BPO Company 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. In addition, it has a dedicated in-house IT team that supports system integrations, internal application developments and maintenance.
Strengths of Prodocs Solutions
- Integrated solutions across multiple domains
- Commitment to quality and compliance
- Global reach with diverse clientele
- Experience and expertise
- Established, long-term relationships with eData Solutions Inc and eData Services Inc
Risks of Prodocs Solutions
- High dependence on promoter group entities for revenue exposes it to financial, operational, and regulatory risk
- Exposure to foreign exchange rate fluctuations may affect financial performance
- Inability to manage rapid growth could impact margins
- History of negative cash flows and any such negative cash cash flows in the future may affect business
- Outstanding legal proceedings may adversely affect business and financial condition
- Data breach, hacking incident or unauthorised access to client information could result in financial losses
- IT-enabled services industry is changing rapidly, driven by new technologies such as artificial intelligence (AI), robotic process automation (RPA) and blockchain
- Delay in customer payments could adversely impact business
- Increase in prices and any decrease in the supply would materially adversely affect company’s business
- Any infringement of brand name or failure to get it registered may adversely affect business
All Financial Information about Prodocs Solutions Ltd (in ₹ crores)
Comparison with peers
Prodocs Solutions | 25.0187 | 6.68 | 15.87 | 42.09 |
Airan | 117.6305 | 14.38 | 13.88 | 11.54 |
Atishay | 53.2564 | 29.79 | 15.40 | 44.26 |
Dev Information Technology | 183.9089 | 6.12 | 13.83 | 12.18 |
Riddhi Corporate Services | 255.2866 | 6.10 | 21.58 | 58.05 |
Anchor Investor Bidding Date
Anchor portion of the IPO opens for bidding on December 5, 2025.
IPO Registrar and Book Running Lead Manager
- IPO Registrar: MUFG Intime India
- Book Running Lead Manager: Cumulative Capital
Prodocs Solutions Business Model
The company provides integrated solutions across a wide range of services in Indexing, title services, ePublishing, and litigation support. By offering end-to-end services, it ensures that clients receive seamless, high-quality solutions that are tailored to their specific needs.
Whether it’s converting physical documents to digital formats, processing real estate title information, or developing custom software applications, its team works together to deliver cohesive results.
Prodocs Solutions Growth Trajectory
The revenue from operations of Prodocs Solutions grew from ₹36.6142 crores in FY 23 to ₹41.7914 crores in FY 25, while EBITDA margin has increased from 5.89% in FY 23 to 19.57% in FY 25. The company’s PAT margin has risen from 4.18% in FY 23 to 11.94% in FY 25. Commitment to quality and compliance coupled with global reach with diverse clientele has helped the company grow over the years.
Prodocs Solutions Market Position
Prodocs Solutions stands at the forefront of the IT-enabled services industry, delivering offshore services tailored to meet the evolving needs of its clients, primarily based in the United States. It combines technology with over six years of collective management experience, it provides scalable, high-quality services.
It’s 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 its services comply with rigorous International Standards of excellence, reliability and data protection. The company serves clients across the US, and Australia and other parts of the world.
Prodocs Solutions Profit and Loss (in ₹ crores)
Total Income | 42.7767 | 45.6581 | 36.8079 |
Profit / (Loss) Before Tax | 6.4246 | 3.7382 | 1.6979 |
Profit After Tax | 5.1085 | 3.1639 | 1.5399 |
EBITDA | 8.1794 | 4.6219 | 2.1879 |
EPS in ₹ | 9.60 | 7.81 | 14.26 |
Prodocs Solutions Balance Sheet (in ₹ crores)
Profit / (Loss) Before Tax | 6.4246 | 3.7382 | 1.6979 |
Net Cash from/ (used in) Operating Activities | 3.0626 | 2.5869 | 3.1675 |
Net Cash from/ (used in) Investing Activities | (15.9823) | (3.4749) | (1.7633) |
Net Cash from / (used in) Financing Activities | 13.1074 | 0.8036 | (1.4699) |
Cash & Cash Equivalents As At End of Year | 0.2484 | 0.0606 | 0.1450 |
How to Apply for the Prodocs Solutions IPO?
- Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
Prodocs Solutions IPO FAQs
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