Prodocs Solutions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹138
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,38,000
Issue Size
₹27.6 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.26%
QIB Quota
48.95%
NII Quota
15.79%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Prodocs Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
74.31%
Promoter Holding (Post-Issue)
51.77%
Issue Type
Book Building - SME
ISIN
INE10XK01019
About the Company
We are engaged in IT Enabled Services (ITES/BPO) business and operates in the non-voice BPO segment. We are a diverse non-voice BPO Company providing wide spectrum of services ranging from Indexing Services, Title Services, e-Publishing and Other business services. Also, we have a small in-house IT team assisting in systems integrations, internal application developments and maintenance.
Industry Overview
Business Process Solutions (BPS) streamline operations by optimizing workflows, automating tasks, and enhancing efficiency across industries. These solutions encompass outsourced services, automation tools, and cloud-based platforms that improve finance, HR, supply chain, customer service, and IT operations. BPS includes process automation, data management, analytics, and AI-driven solutions, catering to businesses in banking, healthcare, retail, manufacturing, and telecom. By integrating advanced technologies, BPS enhances productivity, reduces costs, and ensures seamless operations, enabling companies to focus on core competencies while improving scalability and compliance. India's Business Process Management (BPM) industry has evolved into a cornerstone of the nation's economy, demonstrating robust growth, technological innovation, and a significant global presence. Below is an in-depth analysis of the industry's key attributes, end-use applications, and major customer segments, supported by data from reputable government sources. According to the National Association of Software and Service Companies (NASSCOM), the Indian IT industry's revenue touched US$ 227 billion in FY22, a 15.5% YoY growth and was estimated to have touched US$ 245 billion in FY23. The IT spending in India is estimated to record a double-digit growth of 11.1% in 2024, totalling US$ 138.6 billion up from US$ 124.7 billion last year.
Company History
Our Company was originally incorporated as "Prodocs Solutions Private Limited" a private limited company under the provision of Companies Act, 2013, vide Certificate of Incorporation dated March 12, 2019, issued by Registrar of Companies, Central Registration Centre. Subsequently, our Company was converted into a public limited company pursuant to special resolution passed at Extra-ordinary General Meeting by the shareholders of our Company held on September 20, 2024, and the name of our Company was changed to "Prodocs Solutions Limited". A fresh Certificate of Incorporation consequent upon conversion from a Private Limited Company to Public Limited Company dated November 13, 2024, was issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is engaged in IT Enabled Services (ITES/BPO) business and operates in the non-voice BPO segment.
Growth Strategy
- Expanding Global Presence and Diversification of Client Base.
- Leveraging Advanced Technology for Automation and AI Integration.
- Plant and Machinery.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 20,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Prodocs Solutions Limited ("Prodocs" or the "Company") for cash at a price of Rs.138/- per equity share (Including a Share Premium of Rs. 128/- per equity share) ("Offer Price"), aggregating up to Rs. 27.6 crores ("the Offer"), comprising a fresh issue of up to 16,00,000 equity shares aggregating up to Rs. 22.08 crores by the company ("Fresh Issue") and an offer for sale of up to 1,40,000 equity shares of face value of Rs. 10/- each by Pallavi Hiren Kothari (the "Promoter Selling Shareholder") aggregating to Rs. 1.93 crores, up to 2,00,000 equity shares of face value of Rs.10/- each by Onus Digital Services Private Limited (the "Promoter Selling Shareholder") aggregating to Rs. 2.76 Crores, up to 30,000 equity shares of face value of Rs. 10/- each by Khyati Ritesh Sanghavi (the "Promoter Group Selling Shareholder") aggregating to Rs. 0.41 crores and up to 30,000 equity shares by Khushboo Shah (the "Promoter Group Selling Shareholder") aggregating to Rs. 0.41 crores (Collectively Referred to as "Selling Shareholders") ("Offer for Sale"). Out of the offer, 1,00,000 equity shares aggregating to Rs.1.38 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. net offer of 19,00,000 equity shares of face value of Rs. 10/- each at an offer price of Rs.138 per equity share aggregating to Rs.26.22 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 28.37% and 26.95%, respectively of the post offer paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Integrated solutions across multiple domains.
- Commitment to quality and compliance.
- Global reach with diverse clientele.
- Experience and expertise.
- Data Security and Confidentiality Policies.
- The Company has a significant reliance on its Promoter Group entities, i.e. eData Solutions Inc and eData Services Inc, for revenue generation.
- Fluctuations in foreign exchange rates pose a significant risk to the company financial performance, given its heavy reliance on international markets.
- The company has experienced significant growth in its PAT by 105.46% from Fiscal 2023 to 2024 and 61.46% from Fiscal 2024 to 2025. However, the company growth in the past may not be indicative of its future financial performance. Failure to effectively manage the company growth could materially and adversely affect the success of its business and/or impact the company margins.
- Certain filings of the Company under the Companies Act have been filed post the prescribed date of filing. There may also be certain inadvertent errors in these filings.
- The company has been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.