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Prodocs Solutions IPO
Price Band
₹131.0–138.0
Issue Size
₹27.6 Cr
Lot Size
1,000 shares
Min Investment
₹276,000
2 LOTS MIN
GMP
—
Issue Price
₹138.0
Prodocs Solutions IPO AI Summary
- Prodocs Solutions IPO is listed on BSE SME in the IT Enabled Services sector.
- Price band: ₹131.0–₹138.0 per share, lot size 1,000 shares (min. investment ₹276,000, 2 lots minimum).
- Subscription window: 08 Dec–10 Dec 2025, listing on 15 Dec 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Prodocs Solutions IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Prodocs Solutions IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 (₹ Cr)
As of 2025-09-30
| 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 |
Key Ratios
EPS
₹9.37
NAV
₹36.05
ROCE
27.12%
RoNW
26.62%
P/B Value
3.83
P/E Ratio
14.72
Market Cap
₹97.29 Cr
PAT Margin
11.94%
Debt/Equity
0.42
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Riddhi Corporate Services Ltd | 58.05 | 21.58% | 6.1 | 6.1 | 11.41 |
| Dev Information Technology Limited | 12.18 | 13.83% | 6.11 | 6.12 | 6.6 |
| Atishay Ltd | 44.26 | 15.4% | 29.47 | 29.79 | 6.31 |
| Airan Limited | 11.54 | 13.88% | 14.38 | 14.38 | 1.46 |
| Prodocs Solutions limited This IPO | 42.09 | 15.87% | — | 6.68 | 6.68 |
Promoters
Nidhi Parth Sheth, Manan H Kothari, Pallavi Hiren Kothari and Onus Digital Services Pvt.Ltd.
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 6 Issue Expenses 2.71 Total 22.49
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹36.81 Cr in the year ended 31 Mar 2023, rising to ₹45.66 Cr by 31 Mar 2024, before decreasing to ₹42.78 Cr in the year ended 31 Mar 2025. As of 30 Sep 2025, the Total Income stood at ₹21.11 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.54 Cr in the year ended 31 Mar 2023, increasing to ₹3.16 Cr by 31 Mar 2024, then rising further to ₹5.11 Cr in the year ended 31 Mar 2025. As of 30 Sep 2025, the Profit After Tax was ₹3.43 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Prodocs Solutions has an implied P/E ratio of 14.72 at the issue price, compared to peers trading at P/E ratios ranging from 6.1 to 29.47.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It can provide an indication of the expected listing price based on demand and supply dynamics. However, trading in the grey market carries risks, as prices can fluctuate significantly.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals, risk tolerance, and the company's growth potential.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, as it operates in a competitive and evolving sector.
IPO Timeline, Explained
The IPO opens for subscription on 8 December 2025 and closes on 10 December 2025. Allotment is expected on 11 December 2025, with shares listed on the stock exchange on 15 December 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and company performance.
This evaluation is generated from Prodocs Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Prodocs Solutions IPO?
The price band of Prodocs Solutions IPO is ₹131.0–₹138.0 per share.
When does Prodocs Solutions IPO open and close?
Prodocs Solutions IPO opens on 08 December 2025 and closes on 10 December 2025.
When does Prodocs Solutions IPO list on the stock exchange?
Prodocs Solutions IPO listed on 15 December 2025 at ₹138.0.
What is the lot size for Prodocs Solutions IPO?
The lot size for Prodocs Solutions IPO is 1000 shares, requiring a minimum investment of ₹276,000 (2 lots).
What is the lot size for this IPO?
The lot size for the Prodocs Solutions IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹276,000.
What is the price band for the IPO?
The price band for the Prodocs Solutions IPO is ₹131.0 to ₹138.0.
When is the listing date?
The listing date for the Prodocs Solutions IPO is 15 December 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which shares are expected to trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Dec 2025
Close
10 Dec 2025
Allotment
11 Dec 2025
Listing
15 Dec 2025
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