July 3, 2025
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Listing Review
On 3rd July 2025, the IPO is listed at Rs. 95, compared to the issue price of Rs. 87.
Subscription status of PRO FX Tech IPO
| QIB | NII x | RII x | Total x | Applications |
| 22.03 | 56.36 | 14.09 | 25.42 | 14505 |
| Subscription Review: | ||||
PRO FX Tech IPO Allotment Link:
What is the business of PRO FX Tech?
Founded in 2006, PRO FX Tech Limited is a leading distributor of high-performance audio-visual (AV) solutions, offering an extensive portfolio that includes amplifiers, processors, turntables, audio streamers, speakers, subwoofers, soundbars, and AV accessories.
Specializing in bespoke AV designs, the company delivers custom solutions for home theatres, smart home automation, multi-room audio systems, and corporate AV integration—tailored to meet the needs of discerning clients across India.
PRO FX Tech proudly partners with globally recognized brands such as Denon, Polk, and JBL, providing exclusive distribution rights that ensure Indian consumers and businesses have access to the latest innovations and world-class AV technologies.
With a growing presence across India, PRO FX Tech operates seven showrooms and two immersive experience centres in six major cities—Ernakulam, Mysore, Mumbai, Bangalore, Coimbatore, and Chennai—offering customers hands-on access to its premium product range and personalized consultation.
As of August 31, 2024, the company employs 104 professionals, including a dedicated sales and marketing team of 49 and a robust technical support division of 43, committed to delivering excellence in service and support at every stage of the customer journey.
PRO FX Tech IPO Details
|
Sector: |
|
| IPO opens on | 26 June 2025 |
| IPO closes on | 30 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4632,000 Shares / Rs 40.30 Crore |
| * Fresh Issue | 4632,000 Shares / Rs 40.30 Crore |
| * Offer for Sale – | – Shares/ Rs.? Crore |
| Market Maker Portion | 240,000 Shares |
| Net offer to Public | 4392,000 Shares Rs.38.21 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 82-87 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Category | Shares Offered | % of offer | Rs. In Cr. |
| Market Maker | 240,000 | 5.46% | 2.09 |
| QIB | 2076,000 | 47.27% | 18.06 |
| Anchor Investors | – | % | |
| QIB (Ex. Anchor) |
– | % | |
| NII (HNI | 622,800 | 14.18% | 5.42 |
| Retail | 1453200 | 33.09% | 12.64 |
| Total Shares | 4632000 | 100.00% | 40.30 |
| RII portion will be oversubscribed by | forms | ||
| Lot | Shares | Amount | |
| RII-Min | 1 | 1600 | 139200 |
| RII-Max | 1 | 1600 | 139200 |
| HNI-Min | 2 | 3200 | 278400 |
Who are the Promoters of PRO FX Tech?
The promoters of the company are Manmohan Ganesh and Shreya Nambiar.
What are the Objects of PRO FX Tech IPO?
*Repayment of a portion of certain borrowing availed by the Company Rs. 2 Cr.
*Funding capital expenditure towards setting-up of 3 new Showroom cum experience centres (“Showroom”) Rs. 7.18 Cr.
*To meet Working Capital requirements
*General Corporate purposes
PRO FX Tech Timetable
Tentative timetable |
|
| IPO opens on | 26 June 2025 |
| IPO Closes on | 30 June 2025 |
| IPO Allotment on | 1 July 2025 |
| Refund Initiation | 2 July 2025 |
| Credit of Shares | 2 July 2025 |
| Listing on | 3 July 2025 |
| Registered Office of the Company PRO FX Tech Limited PROFX Global Theatre, Ground Floor, 84 Barton Centre, Mahatma Gandhi Road, Bangalore Urban, Karnataka, 560001 |
| The Lead Manager of this IPO Hem Securities ltd |
|
Who is the Registrar to IPO? Cameo Corporate Services ltd |
PRO FX Tech IPO GMP grey market premium, review, Subscription, allotment, listing estimate
PRO FX Tech Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 66.15 | 46.41 | 37.5 | 32.95 |
| Revenue | 130.05 | 110.94 | 96.26 | 86.25 |
| Profit After Tax | 12.24 | 9.44 | 6.35 | 4.28 |
| EBITDA | 17.06 | 14.37 | 10.1 | 7.36 |
| Net Worth | 36.91 | 24.72 | 15.37 | 8.23 |
| Reserves and Surplus | 24.56 | 12.33 | 15.75 | 9.4 |
| Total Borrowing | 2.05 | 3.82 | 0.62 | 1.55 |
| Amount in Rs. Crore | ||||
Performance Indicators
| KPI | Values |
| ROE | 39.71% |
| ROCE | 45.55% |
| Debt/Equity | 0.06 |
| RoNW | 33.15% |
| PAT Margin | 9.41% |
| EBITDA Margin | 13.19% |
| Price to Book Value | 3.03 |
| EPS | Rs. 9.51 |
| PE Ratio | 9.15 |
How PRO FX Tech IPO compares with the Peers?
There is no peer group listed company
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
PRO FX Tech IPO Review by Paresh Gordhandas, CA & Research Analyst.
Company Overview: PRO FX Tech Limited
Founded in 2006 | Sector: High-End Audio-Visual Solutions
PRO FX Tech Limited is a prominent distributor and integrator of premium audio-visual (AV) technologies in India. The company offers a comprehensive product portfolio comprising amplifiers, processors, turntables, audio streamers, speakers, subwoofers, soundbars, and a range of AV accessories.
Renowned for its expertise in custom-designed AV solutions, PRO FX Tech caters to a diverse clientele, delivering tailored installations across segments such as home theatres, smart home automation, multi-room audio systems, and corporate AV integration. Its focus on high-performance systems has positioned it as a trusted name among quality-conscious consumers and enterprises.
Financial Snapshot & IPO Details:
- IPO Size: ₹40.30 crore – a modest issue size, likely to attract strong retail interest.
- Valuation: Shares are priced at a Price-to-Earnings (PE) multiple of 9.15, indicating an attractive entry point.
- Financial Performance: The company has demonstrated consistent growth in revenue and profitability over the past three financial years, underlining its scalable business model and growing market demand.
- Peer Landscape: Notably, there is no directly comparable listed peer in India, giving PRO FX Tech a unique position in the public markets.
Investment View:
Fundamental Perspective: Apply – Strong financials, niche market presence, and attractive valuation.
IPO Size & Sentiment: Apply – Moderate issue size with potential for positive listing momentum.
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