PRO FX Tech came to market through an SME IPO that opened on 26 June 2025 and closed on 30 June 2025, and the shares listed on 3 July 2025 on NSE SME. The price band was ₹82 to ₹87 per share and one lot was 1600 shares, so the minimum application was ₹1,39,200. The issue size was ₹40.3 crore. The whole issue was fresh shares, so the money raised went to the company.
Cameo Corporate Services Limited was the registrar to the issue, and Hem Securities Limited was the lead manager.
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PRO FX Tech Limited, founded in 2006, distributes AV products such as amplifiers, processors, turntables, audio streamers, speakers, subwoofers, sound bars, and cables. The company custom designs AV solutions for home theatres, automation, multi-room audio, and corporate customers. The company distributes products to brands such as Denon, Polk, and JBL, with distribution rights available to ensure access to the newest AV innovations and high-quality international products. The firm operates seven showrooms and two experience Centres across six Indian cities:
Ernakulum, Mysore, Mumbai, Bangalore, Coimbatore, and Chennai, featuring its product portfolio. The firm has a total of 104 employees as of August 31, 2024, with 49 employees in the sales and marketing department and 43 employees in the technical support division.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Manmohan Ganesh, Shreya Nambiar. Promoter holding 68.40% before the issue and 50.30% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
PRO FX Tech IPO was a ₹40.3 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹82–₹87 per share with a lot size of 1,600 shares (₹1,39,200). The IPO was open from June 26 to June 30, 2025. Shares listed on NSE SME on July 3, 2025 at ₹95, a 9.2% premium to the issue price of ₹87. Cameo Corporate Services Limited is the registrar. Hem Securities Limited is the book running lead manager.
The price band of PRO FX Tech IPO is ₹82 to ₹87 per share.
The lot size of PRO FX Tech IPO is 1600 shares.
The minimum investment for PRO FX Tech IPO is approximately ₹1,39,200 based on the upper price band.
The allotment date of PRO FX Tech IPO is Jul 1, 2025.
PRO FX Tech IPO's final recorded GMP before listing was ₹9 per share (a 10% premium over the ₹87 upper price band). The shares listed at ₹95. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check PRO FX Tech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the PRO FX Tech IPO allotment status on Rupix for quick and easy access.
₹82 to ₹87 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,39,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,39,200, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 June 2025 and closed on 30 June 2025.
The basis of allotment was published on 1 July 2025 by Cameo Corporate Services Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 July 2025 on NSE SME.
The issue size was ₹40.3 crore. The fresh issue was 46,32,000 shares (aggregating up to ₹40.3 crore).