Prodocs Solutions Limited IPO is announced. It’s going to see a flotation of equity shares with a face value of ₹10 per share. The public issue is going to include up to 20,00,000 shares (1.6 million of those will be fresh issue and 4,00,000 shares of those will be an offer-for-sale), making for a total issue size of roughly 27.60 crores.
The public issue opens for subscription from Dec 8th 2025, and remains available until Dec 10th 2025.
We’re expecting allotment to be finalised on December 11th, 2025, with refunds and share credits then being issued by the 12th of that month, and the big day – listing on the BSE-SME platform – is scheduled for the 15th of December 2025. The IPO’s price band is set at ₹131 to ₹138 per share, and you’ll be looking to invest in lots of 1,000 shares. Which means that if you want to go all in at the upper end of that band, the minimum investment you’d need is to stump up ₹138,000.
Prodocs Solutions IPO Details
Here are the main specifications of the Prodocs Solutions IPO presented at a glance.
| Bid Opening Date | 8 December 2025 |
| Bid Closing Date | 10 December 2025 |
| Face Value | ₹10 |
| Price Band | ₹131 to ₹138/share |
| Issue Price | – |
| IPO Lot Size | 1000 Shares |
| Sale Type | Fresh issue plus offer-for-sale |
| Offer for Sale | 4,00,000 shares (₹5.52 Cr) |
| Fresh Issue | 15,00,000 shares (₹20.70 Cr) |
| Issue Type | Book Built IPO |
| Listing | BSE & NSE |
| Total Issue Size (₹ Cr) | 20,00,000 shares (₹27.60 Cr) |
| Minimum Investment(₹) | ₹2,76,000 (2000) |
Prodocs Solutions IPO Timeline
Below is the full chronological schedule for the Prodocs Solutions IPO.
| Bidding Period Opens | 8 December 2025 |
| Bidding Period Closes | 10 December 2025 |
| Allotment Date | 11 December 2025 |
| Refunds Initiation | 12 December 2025 |
| Shares Credited to demat | 12 December 2025 |
| Listing Date | 15 December 2025 |
| Deadline for UPI Mandate Confirmation | 5 PM, 10 December 2025 |
Prodocs Solutions Limited Key Performance Indicator
This section highlights Prodocs Solutions Private Limited financial information consisting year-wise metrics to help understand the company’s financial position.
| KPIs | 2025 | 2024 | 2023 |
| ROCE (%) | 27.12 | 18.00 | 24.72 |
| Debt-Equity Ratio (in times) | 0.42 | 2.55 | 6.49 |
| RoNW (%) | 26.62 | 53.94 | 55.8 |
| PAT Margin (%) | 11.94 | 6.93 | 4.18 |
| EBITDA Margin (%) | 19.57 | 10.17 | 5.98 |
| Price-Book Value | – | – | |
| ROE (%) | – | – | – |
Prodocs Solutions Private Limited Financial Information
Shown in this table is the financial data showing growth patterns in revenue, assets, and PAT.
| Aspect | 2025 (₹ Lakhs) | 2024 (₹ Lakhs) | 2023 (₹ Lakhs) |
| Total Income (Revenue) | 4,277.67 | 4,565.81 | 3,680.79 |
| Total Asset | 3,508.47 | 1,303.90 | 765.09 |
| Profit/Loss (PAT) | 510.85 | 316.39 | 153.99 |
Prodocs Solutions IPO Subscription Status in India
A simple view of investor participation across all three bidding days for the IPO.
| Day | QIB | NII | Individual Investor | Total |
| Day 1 | 0 | 1.38 | 0.09 | 0.35 |
| Day 2 | 0 | 1.64 | 0.35 | 0.54 |
| Day 3 | 1.59 | 4.61 | 2.38 | 2.66 |
Prodocs Solutions IPO Grey Market Premium (GMP)
Prodocs Solutions IPO GMP today is at ₹0. The grey market is displaying a stable, neutral tone based on recent updates.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 6 December 2025 | ₹0 | ₹138 (0.00%) | ₹0 | ↔️ Neutral |
| 5 December 2025 | ₹0 | ₹138 (0.00%) | ₹0 | ↔️ Neutral |
Note: GMP provides an initial idea of investor appetite by reflecting pre-subscription market reactions.
Prodocs Solutions IPO Reservation
Discussed in this section is the share distribution pattern set for the IPO.
| Category | % of Shares Offered | Number of Shares Offered |
| QIBs | 46.50% | 9,30,000 |
| Retail Investors | 33.50% | 6,70,000 |
| NII (HNI) | 15% | 3,00,000 |
| Total Shares Offered | 100% | 20,00,000 |
Prodocs Solutions IPO Lot Size
The table summarises the Prodocs Solutions IPO IPO lot size, how many shares each category can apply for and at what cost.
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors (Minimum) | 2 | 2,000 | 2,76,000 |
| Retail Investors (Maximum) | 2 | 2,000 | 2,76,000 |
| S-HNI (Minimum) | 3 | 3,000 | 4,14,000 |
| S-HNI (Maximum) | 7 | 7,000 | 9,66,000 |
| B-HNI (Minimum) | 8 | 8,000 | 11,04,000 |
Prodocs Solutions IPO Anchor Investors Details
The given information lists the anchor investors and the share distribution finalised in the anchor placement.
| Bid Date | December 05, 2025 |
| Shares Offered | Up to 60% of the QIB Portion (5,58,000 equity shares) |
| Anchor Portion Size | Yet to be announced |
Prodocs Solutions IPO Prospectus
Every approved document related to the IPO can be found at the links included below.
About Prodocs Solutions Private Limited
Prodocs Solutions Private Limited, incorporated in 2019 and headquartered in Mumbai, India, provides non-voice ITES/BPO services including F&A outsourcing, tax, TP, e-publishing, indexing, and title services primarily to US and Australia clients. Nidhi P. Sheth serves as Managing Director. With over 1,100 employees across Mumbai and Bangalore delivery centers, plus US subsidiaries, it holds ISO 9001:2015, 14001:2015, and 27001:2022 certifications for quality and security. No parent company.
| Book running lead managers | Cumulative Capital Pvt. Ltd. |
| Registrar of the issue | MUFG Intime India Pvt. Ltd. |
Prodocs Solutions IPO Objectives
A clear overview of the company’s funding objectives behind the IPO.
| Particulars | Amount (in ₹ Lakhs) |
| For creating, deploying, and maintaining custom-built software designed to address the company’s unique requirements. | 431.00 |
| To finance capital spending for acquiring and installing IT systems, hardware, and related equipment. | 393.00 |
| Repayment and/or pre-payment, funds will help settle selected borrowings the company currently holds, in whole or in part. | 377.00 |
| General reasons | – |
Prodocs Solutions Private Limited: Strengths
Prodocs Solutions Ltd. leverages a structured delivery model and strategic relationships to maintain its competitive position in the IT-enabled services market:
- Comprehensive service suite spanning essential domains: Clients benefit from a single place that offers diverse solutions title documentation tasks, prepares digital publishing outputs, handles indexing processes, and supports litigation-focused workstreams.
- Increased quality and compliance framework: ProDocs maintains rigorous standards with ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), and ISO 27001:2022 (Information Security) certifications to ensure data protection and reliability.
- Cross-border execution and support framework: The firm follows a hybrid structure, managing projects onshore in the US through eData Solutions Inc while executing delivery from Mumbai and Bengaluru, ensuring worldwide reach.
- Collaborative operational ties with group companies: The company’s long-standing operational ties with Promoter Group entities such as eData Solutions Inc and eData Services Inc support steady revenue and operational consistency.
- Experienced leadership: With over five decades of collective expertise and managers serving for eight years on average, the company benefits from solid industry understanding.
- Technology-driven efficiency: ProDocs utilises internally developed applications for indexing and document processing while actively exploring AI and automation to enhance scalability and accuracy.
Prodocs Solutions Private Limited: Risks
Let’s take a look at the overview of the primary risks connected to the company’s business environment.
- High reliance on promoter entities: A significant portion of revenue (98.78% as of Sept 30, 2025) is derived from eData Solutions Inc, as well as eData Services Inc. Which form part of the company’s Promoter Group, making the business highly vulnerable to any disruption in these relationships.
- Foreign exchange volatility: The company is heavily reliant on international markets, particularly the US and Australia, exposing its financial performance to risks from fluctuations in foreign exchange rates.
- Past negative cash flows: At various times, the company showed negative cash flows in all major activities, and a repeat of such phases could influence liquidity levels.
- Technological obsolescence: Rapid advancements in AI, Robotic Process Automation (RPA), and blockchain could render the company’s current manual or semi-automated processes obsolete if they fail to adapt quickly.
- Statutory compliance delays: There have been past instances of delays in filing statutory dues and returns (such as TDS, GST, and EPF) with government authorities, which could lead to penalties or regulatory scrutiny.
- Data security risks: Handling sensitive client data exposes the company to cybersecurity risks; any breach could result in financial loss, legal penalties, and severe reputational damage.
Prodocs Solutions IPO Review
Prodocs Solutions IPO offers a profitable entry into the ITES sector, backed by strong financial growth and global delivery capabilities. However, investors must carefully weigh these strengths against significant risks, particularly the heavy revenue dependence on promoter group entities and foreign exchange volatility.
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Prodocs Solution IPO FAQs
Prodocs Solutions IPO is a ₹27.60 crore SME book-built issue on BSE SME, with fresh issue (₹20.70 Cr) and OFS (₹5.52 Cr). Price band ₹131-₹138. BPO services firm for US/Australia clients.
Log into your broker during 8-10 Dec 2025. Bid minimum 2 lots (2,000 shares, ₹2,76,000 at upper band). Approve UPI mandate by 5 PM 10 Dec. Check allotment 11 Dec.
Neutral (GMP ₹0). Strengths: PAT growth to ₹5.11 Cr, ISO certifications. Risks: 98.78% revenue from promoter group, forex volatility. High-risk BPO SME; monitor subscription carefully.
GMP ₹0 suggests flat listing at ₹138 (0% gain). Revenue ₹42.78 Cr, PAT ₹5.11 Cr (11.94% margin). Returns depend on subscription strength and post-listing market sentiment.
Prodocs Solutions IPO opens 8 December 2025, closes 10 December 2025. Minimum retail bid: 2,000 shares (₹2,76,000). Listing expected 15 December on BSE SME platform.
Lot size 1,000 shares. Retail minimum 2 lots (2,000 shares, ₹2,76,000). S-HNI minimum 3 lots (3,000 shares). Retail maximum capped at 2 lots only.
Allotment finalised 11 December 2025. Refunds and demat credit 12 December. UPI mandate deadline 5 PM 10 December. Check status on registrar MUFG Intime website.
Prodocs Solutions IPO lists on BSE SME 15 December 2025, subject to allotment. GMP ₹0 indicates flat debut around ₹138 upper price band level.
