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Prodocs Solutions SME IPO

Prodocs Solutions came to market through an SME IPO that opened on 8 December 2025 and closed on 10 December 2025, and the shares listed on 15 December 2025 on BSE SME. The price band was ₹131 to ₹138 per share and one lot was 1000 shares, so the minimum application was ₹1,38,000. The issue size was ₹27.6 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.

MUFG Intime India Pvt.Ltd was the registrar to the issue, and Cumulative Capital Pvt.Ltd was the lead manager.

Issue details

Issue type
Book Built Issue
Price band
₹131 to ₹138
Lot size
1000 shares
Minimum investment
₹1,38,000
Face value
₹10 per share
Issue size
₹27.6 crore
Fresh issue
16,00,000 shares (aggregating up to ₹22.08 crore)
Offer for sale
4,00,000 shares (aggregating up to ₹5.52 crore)
Listing at
BSE SME
Registrar
MUFG Intime India Pvt.Ltd
Lead managers
Cumulative Capital Pvt.Ltd
Promoter holding before the issue
74.31%

Timeline

Opens
8 December 2025
Closes
10 December 2025
Allotment
11 December 2025
Listing
15 December 2025

Subscription status by day

As of 10 December 2025.

Day
1
2
3

About Prodocs Solutions

Prodocs Solutions Limited was incorporated in March 2019 and is engaged in the IT-enabled services (ITES/BPO) business, primarily operating in the non-voice BPO segment.It's a diversified non-voice BPO that offers a broad range of services from Indexing Services, Title Services, e-Publishing, and other business services such as finance and accounting and litigation support.

The company offers offshore solutions devised to meet the requirements of its main clients based in US and Australia.The company has more than 1,000 employees, most of whom are based in Mumbai at its delivery facility. The infrastructure at the facility allows them to maintain consistent excellence in operations and in meeting the emerging client requirements.

The company is certified to ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environment Management, and ISO 27001:2022 for Information Security Management, thus assuring that all services meet stern International Standards related to excellence, reliability, and the protection of data. Services: Title Services: They offer title insurance and related information services, which are critical for real estate and mortgage settlement processes in the United States and select international market. E-Publishing Services:

Offering a wide range of services on all aspects of digital publishing. Indexing Services: They provide indexing services to clients across the US, Australia, and the UK. The forms they process include but are not limited to: traffic citations, rebate coupons, and medical forms. The Company currently employs 1011 people as of October 31, 2025. The Company is certified for quality management (ISO 9001:2015), environmental management (ISO 14001:2015), and information security (ISO 27001:2022).

As described in the offer document.

Objects of the issue

  • Design, development, implementation & support for a tailored software to meet the specific needs of the Company
  • Funding capital expenditure towards purchase & installation of IT equipment, computer hardware, and other ancillary equipment
  • Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company
  • Funding working capital requirements of the Company
  • General corporate purposes

Financials (₹ crore)

Metric30-Sep-2531-Mar-2531-Mar-2431-Mar-23

Promoters

Nidhi Parth Sheth, Manan H Kothari, Pallavi Hiren Kothari, Onus Digital Services Private Limited. Promoter holding 74.31% before the issue.

Application sizes

Individual (min)
2 lots, 2000 shares, ₹2,76,000
Individual(max)
2 lots, 2000 shares, ₹2,76,000
sHNI(min)
3 lots, 3000 shares, ₹4,14,000
sHNI(max)
7 lots, 7000 shares, ₹9,66,000
bHNI(min)
8 lots, 8000 shares, ₹11,04,000

Valuation

ROCE
27.12%
RoNW
26.62%
PAT Margin
11.94%
Debt/Equity
0.42
Market Cap
₹27.6 cr

Registrar and allotment status

Registrar
MUFG Intime India Pvt.Ltd
Allotment status
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Phone
+91-22-4918 6270
Email
prodocssolutions.smeipo@in.mpms.mufg.com

Work out the listing gain for this SME IPO

How allotment works

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.

What happens on listing day

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.

Questions about the Prodocs Solutions SME IPO

What is Prodocs Solutions IPO?

Prodocs Solutions IPO was a ₹27.6 crore book-built issue, comprising a fresh issue of ₹22.08 crore and an offer for sale of ₹5.52 crore. It was priced at ₹131–₹138 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,76,000). The IPO was open from December 8 to December 10, 2025 and was subscribed 2.74x.

Shares listed on BSE SME on December 15, 2025 at ₹144, a 4.3% premium to the issue price of ₹138. MUFG Intime India Pvt. Ltd. is the registrar. Cumulative Capital Pvt. Ltd. is the book running lead manager.

What is the price band of Prodocs Solutions IPO?

The price band of Prodocs Solutions IPO is ₹131 to ₹138 per share.

What is the lot size of Prodocs Solutions IPO?

The lot size of Prodocs Solutions IPO is 1000 shares.

What is the minimum investment for Prodocs Solutions IPO?

The minimum investment for Prodocs Solutions IPO is approximately ₹2,76,000 based on the upper price band.

What is the allotment date of Prodocs Solutions IPO?

The allotment date of Prodocs Solutions IPO is Dec 11, 2025.

How to check Prodocs Solutions IPO allotment status?

You can check Prodocs Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Prodocs Solutions IPO allotment status on Rupix for quick and easy access.

What was the price band of the Prodocs Solutions SME IPO?

₹131 to ₹138 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.

What was the lot size of the Prodocs Solutions SME IPO?

One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,38,000. After listing, SME shares also trade in lots rather than one share at a time.

What was the minimum investment in the Prodocs Solutions SME IPO?

₹1,38,000, for one lot of 1000 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.

When did the Prodocs Solutions SME IPO open and close?

It opened on 8 December 2025 and closed on 10 December 2025.

When was the allotment of the Prodocs Solutions SME IPO?

The basis of allotment was published on 11 December 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.

When did Prodocs Solutions list on BSE SME?

The shares listed on 15 December 2025 on BSE SME.

How large was the Prodocs Solutions SME IPO?

The issue size was ₹27.6 crore. The fresh issue was 16,00,000 shares (aggregating up to ₹22.08 crore). The offer for sale was 4,00,000 shares (aggregating up to ₹5.52 crore).