Prodocs Solutions stock debuts today. Check GMP and other details
Prodocs Solutions’ Rs 27.60-crore IPO was a mix of fresh issue and offer for sale. The company raised Rs 22.08 crore through fresh equity and the promoters partially exited through an offer for sale of Rs 5.52 crore.
The issue received a moderate response, being subscribed 2.66 times overall. Demand was highest from the non-institutional investor segment, which subscribed 4.61 times, while retail investors bid 2.38 times their quota. Qualified institutional buyers subscribed their portion 1.59 times, reflecting selective institutional participation rather than widespread enthusiasm.
Ahead of the public issue, Prodocs Solutions raised Rs 7.70 crore from lead investors, providing a baseline level of confidence in the product.
Prodocs Solutions operates in the IT support services space, focusing primarily on non-voice BPO services. The company primarily serves international clients in the United States and Australia, providing services such as title services for real estate and mortgage transactions, desktop publishing solutions, indexing services and back-office support across the finance, accounting and litigation sectors.
The business model is built around long-term customer relationships and process-driven service delivery rather than volume-driven expansion.
Financially, Prodocs Solutions has delivered consistent profitability, although sales growth has been uneven. Total revenue for FY25 declined 6% to Rs 42.78 crore despite profit after tax rising 61% to Rs 51.1 billion due to tight cost controls and margin improvement. For the six months ended September 2025, the company reported PAT of Rs 21.11 crore and Rs 34.3 crore. The IPO proceeds from the new issuance are expected to strengthen the Company’s balance sheet while supporting working capital requirements and general corporate purposes.
Investors will closely track execution, customer additions and margin sustainability to assess whether the company can gradually build value following its debut.
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