Silky Overseas Limited IPO...
28 Jun, 2025
PRO FX Tech Limited IPO
PRO FX Tech Limited has made its debut in the primary market with its initial public offering (IPO) by issuing fresh equity shares of 46.32 lakh at an issue price of Rs 40.30 crore. The IPO price band will be at Rs 82 to Rs 87 per share. The subscription will start on June 26, 2025 and end on June 30, 2025. The allotment date of the shares is finalised for July 1, 2025 which will be credited in the demat account by July 2 with a tentative listing date of July 3, 2025 on the NSE SME platforms. The issue is split with up to 50 percent going to Qualified Institutional Buyers, 35 percent to retail investors and 15 percent to Non-Institutional Investors.
Company Background
PRO FX Tech Limited is an Indian distributor and integrator of high-end audio-video (AV) and home automation solutions based in Bangalore and incorporated in 2006. The company serves the wealthy residential and corporate clients in India. It has created a niche in the Indian AV market in terms of distributing international brands and offering customized AV and automation solutions.
Operations & Product Range
Facility & Production:
PRO FX Tech has 6 showrooms and 2 experience centres in cities such as Bangalore, Chennai, Coimbatore, Mysore, Ernakulam and Mumbai among others. It also has 28 service centres in India, including 10 company-owned and 18 franchisee-owned centres. It has a 15,000 sq. ft. warehouse in Bangalore and a national network of dealers to facilitate distribution and after-sales service.
Brands & Market Presence:
It is an authorized dealer of a number of famous international brands like Denon, Polk Audio, KEF, JBL, Revel, Definitive Technology and Pro Audio Technology. It also collaborates with automation and control brands such as Crestron, Lutron and Unilumin. PRO FX Tech is well established in the premium AV distribution and custom installation, with showrooms and experience centres in key Indian cities.
Revenue Channels
PRO FX Tech generates revenue primarily through:
- Selling high-quality AV products such as amplifiers, speakers, subwoofers, soundbars, projectors and turntables.
- AV system integration in home theatres, multi-room audio, luxury homes, corporate board rooms, retail, hospitality and schooling institutions.
- Active LED, interactive displays and projector-based digital signage solutions.
- After-sales service and support which guarantee continued customer satisfaction and product performance.
Management & Shareholding
Promoters & Shareholding:
The company has experienced promoters who know the industry. The company's promoters are Shreya Nambiar and Manmohan Ganesh, whose stake is 68.40 percent before the issue and will be 50.30 percent after the issuance.
Board Members:
The key management consists of Mr. Manmohan Ganesh, Managing Director and Mr. Appadurai Manuel Santhana Joekumar, Chief Financial Officer. It has an experienced sales and technical team that consists of 117 employees to facilitate operations and growth.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
PRO FX Tech Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
PRO FX Tech Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 26, 2025 to June 30, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹82 to ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,32,000 shares (aggregating up to ₹40.30 Cr) |
| Reserved for Market Maker | 2,40,000 shares (aggregating up to ₹2.09 Cr) |
| Net Offered to Public | 43,92,000 shares (aggregating up to ₹38.21 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,28,71,686 shares |
| Share Holding Post Issue | 1,75,03,686 shares |
PRO FX Tech Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thu, Jun 26, 2025 |
| IPO Close Date | Mon, Jun 30, 2025 |
| Tentative Allotment | Tue, Jul 1, 2025 |
| Initiation of Refunds | Wed, Jul 2, 2025 |
| Credit of Shares to Demat | Wed, Jul 2, 2025 |
| Tentative Listing Date | Thu, Jul 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 30, 2025 |
PRO FX Tech Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,39,200 |
| Retail (Max) | 1 | 1600 | ₹1,39,200 |
| HNI (Min) | 2 | 3,200 | ₹2,78,400 |
PRO FX Tech Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 68.40% | 50.30% |
Competitive Strength:
- ● Nationwide retail and distribution network with multiple showrooms and service centres.
- ● An extensive after-sales service infrastructure ensuring customer satisfaction.
- ● Strong partnerships with leading global AV and automation brands.
- ● Experienced management and technical team.
- ● Robust financial performance with FY25 revenue of Rs 130.05 crore (up 17%) and PAT of Rs 12.24 crore (up 30%).
- ● Low debt-to-equity ratio (0.06) and strong return ratios (ROE 39.71%, ROCE 43.58%).
PRO FX Tech Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 66.15 | 130.05 | 12.24 | 36.91 | 2.05 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 46.41 | 110.94 | 9.44 | 24.72 | 3.82 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 37.5 | 96.26 | 6.35 | 15.37 | 0.62 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 32.95 | 86.25 | 4.28 | 8.23 | 1.55 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.51 | 6.99 |
| P/E (x) | 9.15 | 12.44 |
IPO Objectives
The IPO proceeds are intended to be used for:
- Repayment of existing debt.
- Funding working capital requirements.
- Setting up new showrooms and experience centres to expand market presence.
- Supporting overall business growth and operational expansion.
Conclusion
PRO FX Tech Limited’s IPO presents an opportunity to invest in a well-established player in the premium AV distribution and custom installation market in India. With a strong brand portfolio, expanding retail footprint, robust financials and a clear growth strategy funded by the IPO, the company is positioned for continued growth in the evolving AV and home automation sector.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What are the times of opening and closing of the IPO?
The IPO will start on June 26, 2025 and end on June 30, 2025.
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2. How much is the minimum investment by retail investors?
Retail investors will need to invest a maximum Rs 1,39,200 on the upper band price with a lot size of 1,600 shares.
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3. Where will the shares be listed?
The shares will be listed on the NSE SME platform, and the tentative listing is July 3, 2025.
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4. How will the company use IPO proceeds?
The money will be utilized in repaying debt, working capital and expansion of showrooms and experience centres.
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5. What are the major products and services at PRO FX Tech?
The company provides high-quality AV products, custom AV system integration, digital signage solutions and after-sales services.
