Prodocs Solutions IPO
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Prodocs Solutions IPO details
Schedule of Prodocs Solutions
| Issue open date | 08 Dec 2025 |
| Issue close date | 10 Dec 2025 |
| UPI mandate deadline | 10 Dec 2025 (5 PM) |
| Allotment finalization | 11 Dec 2025 |
| Refund initiation | 12 Dec 2025 |
| Share credit | 12 Dec 2025 |
| Listing date | 15 Dec 2025 |
| Mandate end date | 25 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 10 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 11 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Prodocs Solutions
Prodocs Solutions Limited was incorporated in March 2019 as a private limited company and converted into a public company in November 2024. The company is promoted by experienced professionals with over 15 years of collective industry experience. It operates in the non-voice IT IT-enabled services (ITES/BPO) segment. The company provides indexing services, title services, e-publishing, and other business process support solutions. Its clients are primarily based in the United States and Australia. Operations are driven through delivery centres in Mumbai and Bangalore, supported by onshore project management in California through its subsidiary, eData Solutions Inc. The company has also formed Prodocs Solutions Inc (USA) and holds a 60% stake in eData Solutions Inc to strengthen its global presence.
Prodocs follows an offshore service delivery model focused on accuracy, turnaround time, and scalable workflows. A dedicated IT team supports internal applications, automation, and integrations. The workforce comprises over 1,100 employees. The company is certified for ISO 9001:2015, ISO 14001:2015, and ISO 27001:2022, ensuring quality, environmental standards, and robust information security. Strong promoter expertise, integrated global operations, and diversified service capabilities form the core strengths of the business.
Financials of Prodocs Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Total issue | 27.60 |
| Fresh Issue – Proceeds go to the company | 22.08 |
| Offer for sale – Proceeds go to the existing investors | 5.52 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Design, development & implementation of software | 4.31 (19.52%) |
| Purchase & installation of IT equipment and hardware | 3.93 (17.80%) |
| Repayment / Prepayment of borrowings | 3.77 (17.07%) |
| Working capital requirements | 4.5 (20.38%) |
| General corporate purposes | 5.57 (25.23%) |
Strengths
- Experienced promoters with strong industry knowledge
- Diversified service offerings across ITES and BPO functions
- Established client presence in the US and Australia markets
- Scalable offshore delivery model supported by certified processes
- Strong in-house tech capabilities and process automation focus
Risks
- High revenue dependence on international markets, mainly the US
- Exposure to foreign exchange fluctuations affecting profitability
- Intense competition in the ITES/BPO industry may impact margins
- Businesses are reliant on maintaining service quality and timely delivery
- Economic or regulatory changes in key geographies may affect demand
Allotment Status for Prodocs Solutions
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Prodocs Solutions
As per media reports (Link), the Grey Market Premium (GMP) of Prodocs Solutions is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 10, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 3.72 | 5.93 | 1.59x |
| NII | 4.00 | 14.84 | 3.71x |
| Retail | 6.70 | 15.96 | 2.38x |
| Total | 14.42 | 36.73 | 2.55x |