PRO FX Tech Limited, an established player in the Indian audio-video (AV) distribution and customization industry, is launching its IPO on June 26, 2025. The company operates in both B2B and B2C segments, offering AV hardware distribution and integrated AV solution design for home theatres, multi-room systems, corporate spaces, and premium home automation setups.

The company's association with global AV brands such as Denon, Polk, Definitive Technology, KEF, Theory, Pro Audio Technology, JBL, and Revel positions it as a leading player in the high-end audio-video distribution space.

IPO Details

• IPO Size: ₹38.21 Crores

• Type: Book Built Issue

• Fresh Issue Only: 46.32 lakh equity shares

• IPO Opening Date: June 26, 2025

• IPO Closing Date: June 30, 2025

• Allotment Date: July 1, 2025 (Tuesday)

• Tentative Listing Date: July 3, 2025 (Thursday)

• Exchange: NSE SME

• Price Band: ₹82 to ₹87 per equity share

• Lot Size: 1,600 shares

Investment Requirements

• Retail Investors: Minimum investment ₹1,39,200 (1 lot)

• HNIs: Minimum investment ₹2,78,400 (2 lots or 3,200 shares)

Lead Manager, Registrar, Market Maker

• Book Running Lead Manager: Hem Securities Limited

• Registrar to the Issue: Cameo Corporate Services Limited

• Market Maker: Hem Finlease Private Limited

Grey Market Premium (GMP)

As of June 20, 2025, the GMP of PRO FX Tech IPO is ₹9, indicating an approximate 10.34% expected listing gain over the upper band price of ₹87.

Note: GMP is speculative, based on unofficial markets and not endorsed for investment decisions.

Live Subscription Status

The IPO will be open for bidding from June 26 to June 30, 2025, across the Retail, HNI, and QIB categories. Real-time subscription status will be available on the NSE SME platform.

How to Check Allotment Status

Allotment results will be declared on July 1, 2025, and can be checked via the registrar’s website.

Steps to check:

1. Visit the IPO allotment status portal of Cameo Corporate Services

2. Choose PRO FX Tech Limited IPO from the dropdown

3. Enter Application Number, PAN, or DP Client ID

4. Click Submit to view status

Objectives of the IPO

The company will use the IPO proceeds for the following:

1. ₹150.00 Lakhs to repay partial company borrowings

2. ₹746.57 Lakhs to set up three showroom-cum-experience centres

3. ₹1,900.00 Lakhs for working capital requirements

4. Remaining for general corporate purposes

Promoter & Management Team

• Mr. Manmohan Ganesh – Promoter & Managing Director with 33+ years of AV industry experience

• Ms. Shreya Nambiar – Co-Promoter with 6+ years in AV systems

• Mr. Appadurai Manuel Santhana Joekumar – Whole-time Director & CFO with 30 years of domain experience

This seasoned leadership ensures operational efficiency and strategic expansion capabilities.

Financial Performance Snapshot

The company has recorded strong topline and bottom-line growth over three consecutive fiscal years.

Key Valuation Metrics

• Pre-Issue EPS (FY24): ₹9.51

• Post-Issue EPS (FY24): ₹6.99

• Pre-Issue P/E Ratio: 9.14x

• Post-Issue P/E Ratio: 12.44x

• Industry P/E Ratio: ~25x

• ROCE (FY24): 43.58%

• ROE (FY24): 39.71%

• RoNW: 33.15%

The IPO is fairly priced compared to industry averages, with strong capital efficiency ratios.

IPO Review and Recommendation

PRO FX Tech has built a credible brand in the premium AV distribution and integration segment, backed by established global brands and an expanding network of experience centres. The company shows steady revenue growth, strong profitability, and healthy returns on capital.

The presence of a ₹9 GMP (10.34%) suggests moderate listing gains potential. Investors looking for short-term gains may consider subscribing. However, as the AV electronics industry is tech-sensitive and brand-dependent, risk-averse investors should evaluate with caution.

Recommendation: Risk-taking investors can Apply for listing gain, while conservative investors may wait for post-listing performance.

Disclaimer

This article is for educational and informational purposes only and does not constitute investment advice. Readers should consult a licensed financial advisor before making any investment decisions. IPO investments are subject to market risks. The GMP is based on unregulated sources and should not be used as the sole basis for investment.

The Upcoming IPOs in this week and coming weeks are Supertech EV, Valencia India, Neetu Yoshi, Abram Food, PRO FX Tech, Suntech Infra Solutions, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Ace Alpha Tech, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel.

The Current active IPO are  Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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