Prodocs Solutions was incorporated on March 12, 2019. The company operates in the IT-enabled services (ITES/BPO) space, mainly in the non-voice segment, offering indexing, title services, e-publishing, finance and accounting, and litigation support. It also has an in-house IT team for system integration, application development, and maintenance
| Bidding Dates |
|---|
| 08 Dec 2025 - 10 Dec 2025 |
| Subscription |
|---|
| 3.03x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,62,000 | 2 | 2 | 1000 | 2.0 M | ₹131 - ₹138 | 51.77 % | ₹262.0 M - ₹276.0 M | RHP DOC |
Prodocs Solutions IPO SUBSCRIPTION STATUS
10 Dec '25Prodocs Solutions IPO overall subscription rate was 3.03 times the total available shares
Prodocs Solutions IPO retail subscription rate was 3.76 times in the retail segment
Prodocs Solutions IPO non-institutional investor subscription rate was 8.16 times in the non-institutional investor category
Prodocs Solutions IPO Qualified Institutional Bidder subscription rate was 0.98 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Dec 2025 (Day 3) | 3.76x | 8.16x | 0.98x |
09 Dec 2025 (Day 2) | 0.56x | 3.26x | - |
08 Dec 2025 (Day 1) | 0.12x | 1.92x | - |
Prodocs Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 24.4 | 3.8 | 8.8 | 8.4 | 24.6% |
| FY25 | 41.8 | 5.1 | 3.1 | 0.2 | 19.6% |
| FY24 | 45.4 | 3.2 | 2.6 | 1.9 | 10.2% |
| FY23 | 36.6 | 1.5 | 3.2 | 2.2 | 6.0% |
Prodocs Solutions IPO SUBSCRIPTION STATUS DETAILS
Prodocs Solutions had 2.0 M shares on offer
Prodocs Solutions IPO offer price was in the range ₹131 - ₹138
Prodocs Solutions IPO minimum Investment was ₹262000
Prodocs Solutions IPO issue size was ₹ 262.0 M - ₹ 276.0 M
Prodocs Solutions had a minimum lot size of 1000 Shares per application
Prodocs Solutions NUMBER OF SHARES ON OFFER
Prodocs Solutions IPO IMPORTANT DATES
| Issue Open Date | 08 Dec 2025 |
| Issue close Date | 10 Dec 2025 |
| Allotment Date | 11 Dec 2025 |
| Refund Date | 12 Dec 2025 |
| Demat Account Credit Date | 12 Dec 2025 |
| Listing Date | 15 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Prodocs Solutions Allotment Status | Exchange/ Registrar |
Prodocs Solutions IPO subscription opened on 08 Dec 2025, and closed on 10 Dec 2025
IPO allotment for Prodocs Solutions was finalized on Thursday, 11 Dec 2025
IPO listing for Prodocs Solutions was on BSE on Monday, 15 Dec 2025
Prodocs Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 138.0 |
| Listing Open Price | 144.0 |
| Listing Close Price | 151.2 |
| Listing Gain% | 4.3% |
| Current Gain% | 22.5% |
Prodocs Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prodocs Solutions Ltd. | 169 | 119.1 | 11.4 | 2.1 | 20.9 | 13.4 | 56.9 | 10.4 | 14.8 | ||||
| Firstsource Solutions Ltd. | 279.8 | 19518.1 | 29.1 | 4.3 | 1.9 | 15.4 | 7.2 | 9563.8 | 19.9 | 674.4 | 13.5 | 9.6 | 6.8 |
| eClerx Services Ltd. | 1769.1 | 16638.5 | 22.8 | 0.8 | 3.8 | 27.6 | 19.1 | 4218.2 | 22.2 | 706.2 | 30.5 | 77.5 | 27.5 |
| Quess Corp Ltd. | 311 | 4645.8 | 18.4 | 0.2 | 0.3 | 19 | 7.3 | 15321.7 | 2.2 | 221.6 | 383.9 | 16.9 | 96.9 |
| Hinduja Global Solutions Ltd. | 428.4 | 1992.9 | -45.9 | 0.7 | 0.5 | 0.4 | 0.3 | 4857 | -2.1 | 32.2 | -73.5 | -9.3 | -62.7 |
| One Point One Solutions Ltd. | 60.3 | 1587.5 | 33.3 | 0.8 | 5.1 | 8.6 | 4.6 | 331 | 22.5 | 38.3 | 15.4 | 1.8 | 43.9 |
Prodocs Solutions INFORMATION ON IPO ISSUE
About Prodocs Solutions
Prodocs Solutions was incorporated on March 12, 2019. The company operates in the IT-enabled services (ITES/BPO) space, mainly in the non-voice segment, offering indexing, title services, e-publishing, finance and accounting, and litigation support. It also has an in-house IT team for system integration, application development, and maintenance
Object 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
Prodocs Solutions - PROMOTERS
| Name |
|---|
| Nidhi Parth Sheth |
| Manan H Kothari |
| Pallavi Hiren Kothari |
| Onus Digital Services Private Limited |
Prodocs Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nidhi Parth Sheth | Managing Director |
| Hasmukh Gulabchand Mehta | Non-Executive & Independent Director |
| Shashin Jayantilal Koradia | Non-Executive & Independent Director |
| Paresh Bhatelia | Non-Executive Director & Non-Independent Director |
| Abhay Prakash Kapashi | Chairman & Non-Executive Director |
Prodocs Solutions Book Running Lead Manager
Cumulative Capital Private Limited
contact@cumulativecapital.group
Prodocs Solutions Registrar to the issue
MUFG Intime India Private Limited
prodocssolutions.smeipo@in.mpms.mufg.com
Prodocs Solutions Strengths
Diversified across domains
The company provides integrated end-to-end services across indexing, title services, e-publishing, and litigation support, ensuring seamless and efficient delivery. Its global expertise, proprietary technology, and ISO-certified processes enable consistent, secure, and cost-effective solutions for clients
Quality & compliance
The company upholds strict quality and compliance standards with ISO 9001:2015, ISO 14001:2015, and ISO 27001:2022 certifications. Its strong security practices and structured development methodologies ensure reliable, protected, and professional service delivery for long-term client trust
Experience & expertise
The company’s experienced corporate team provides tailored, insight-driven advice based on market trends and best practices. By working closely with clients and partners, it delivers personalized strategies that build trust, support informed decision-making, and help businesses achieve their goals
Prodocs Solutions Risks
Technology & cybersecurity risks
The company handles sensitive client data, making strong security essential. Any breach could cause financial loss, regulatory penalties, and reputational damage, while evolving data laws require continuous investment in robust cybersecurity and compliance measures
Competition
The company faces strong competition from large IT-BPO firms with greater resources, technology, and service integration. This may create pricing pressure, affect client retention, and reduce profit margins as larger players offer more cost-effective, bundled solutions
Quality control risks
The company’s KPO work depends on strict quality control, and any lapse could lead to errors, client dissatisfaction, and reputational damage. Such failures may result in contract cancellations, loss of business, and difficulty securing new clients
IPO FAQs
This IPO consists of an offer for sale of up to Rs 5.5 crore, of 400,000 shares. It also consists of a fresh issue of Rs 22.1 crore.
The promoters of the company are Nidhi Parth Sheth, Manan H Kothari, Pallavi Hiren Kothari and Onus Digital Services Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 131.0 - 138.0.
The IPO application opens on Dec 08, 2025 and closes on Dec 10, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 262,000.0, the maximum value for this IPO is Rs 276,000.0.
This IPO will be allotted on Dec 11, 2025.
The refund will be credited to your account on Dec 12, 2025.
The allotted shares will be credited to your demat on Dec 12, 2025.
Prodocs Solutions Ltd.’s shares listed on the stock exchanges on Dec 15, 2025.