Prodocs Solutions Limited
Bookbuilding IPO · BSE
- Price band
- ₹131 - ₹138
- Lot size
- 1,000 shares
- Issue amount
- ₹27.6 cr
- Total subscription
- 2.74×
- Opens
- 8 Dec 2025
- Closes
- 10 Dec 2025
- Allotment
- 11 Dec 2025
- Listing
- 15 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 20,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,31,000
- Fresh issue
- ₹22.08 cr
- Offer for sale
- ₹5.52 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,38,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 54,50,000
- Shares after issue
- 70,50,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,76,000 |
| sHNI | 3 | 3,000 | ₹4,14,000 |
| bHNI | 8 | 8,000 | ₹11,04,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 335 | 5,883 |
| HNIs(10L +) | 67 | 817 |
| HNIs (2-10L) | 33 | 546 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.13 | 8.18 |
| RETAIL | 9.25 | 22.02 |
| NIB | 4.14 | 20.48 |
| HNIs 2+ | 1.38 | 4.04 |
| HNIs 10+ | 2.76 | 16.44 |
| HNIs | 4.14 | 20.48 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 13.81 | 27.12 | 18 | 24.72 |
| RONW | 15.87 | 26.62 | 53.94 | 55.08 |
| PRE IPO(PE) | 0 | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Prodocs Solutions limited | 0 | 0 | 0 | 42.09 | 15.87 | 6.68 |
| Airan Limited | 14.38 | 0 | 0 | 11.54 | 13.88 | 14.38 |
| Atishay Ltd | 29.47 | 0 | 0 | 44.26 | 15.40 | 29.79 |
| Dev Information Technology Limited | 6.11 | 0 | 0 | 12.18 | 13.83 | 6.12 |
| Riddhi Corporate Services Ltd | 6.10 | 0 | 0 | 58.05 | 21.58 | 6.10 |
Company information
Company profile
Incorporated in March 2019, Prodocs Solutions Limited is an IT-enabled services (ITES/BPO) company specializing in non-voice operations, offering a wide range of services such as indexing, title support, e-publishing, finance and accounting, and litigation support. The company provides customized offshore solutions to clients primarily in the US and Australia, supporting processes like title insurance for real estate and mortgage transactions, digital publishing, and indexing for documents such as traffic citations, rebate coupons, and medical forms across the US, Australia, and the UK. As of December 31, 2024, the company employs 1,180 people.
Strengths
- Integrated Service Offerings: Provides end-to-end solutions in indexing, title services, e-publishing, and litigation support, helping clients get complete and consistent services from one source. This reduces complexity, speeds up delivery, and maintains quality through global expertise and ISO-certified processes.
- Strong Focus on Quality & Data Security: Follows strict standards backed by ISO 9001:2015, ISO 14001:2015, and ISO 27001:2022 certifications. Robust data protection, structured workflows, and high compliance ensure secure, reliable, and high-quality service—building long-term client trust.
- Experienced Team: A skilled team with deep domain knowledge delivers tailored and effective solutions. Their understanding of diverse business needs supports strong client relationships and successful project execution.
Risk factors
- Foreign Exchange Risk: Heavy dependence on global markets makes the company vulnerable to currency fluctuations. Depreciation in USD, GBP, or AUD against INR can reduce revenue and margins. Hedging helps but may not fully protect against losses.
- Compliance Delays: Past delays in filing EPF, ESIC, GST, PF, PT, and TDS returns have led to penalties. These issues, caused by internal lapses and technical problems, expose the company to compliance risks.
- Legal Proceedings: The company and its key personnel are involved in several ongoing legal cases. These matters may consume time, require financial resources, and any negative decision could impact reputation and business performance.
Promoters
Nidhi Parth Sheth
Manan H Kothari
Pallavi Hiren Kothari
Onus Digital Services Private Limited
Registrar & documents
Lead manager
Cumulative Capital Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
6/19, 1st Floor, Transmission House, Compound No. 82, MIDC, Near M.V. Road, Andheri East, Mumbai, Maharashtra, 400059
+91 22 6231 5800
[email protected]Company website ↗Understanding PRODOCS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.