PRO FX Tech Limited, a key player in the distribution and integration of high-end audio-visual (AV) products and customized solutions, has announced its Initial Public Offering (IPO) worth ₹38.21 crores, set to open on June 26, 2025, and close on June 30, 2025. This SME IPO, listed on the NSE SME platform, is poised to attract investors due to the company’s consistent financial growth, strong industry positioning, and a Grey Market Premium (GMP) of ₹9, translating to an expected listing gain of 10.34%.

Company Overview – PRO FX Tech Limited

PRO FX Tech is widely recognized for its distribution and implementation of premium AV products and solutions. The company’s portfolio includes:

• Amplifiers & processors

• Turntables

• Audio streamers

• Speakers, subwoofers, and soundbars

• Cables

Besides distribution, the company has carved a niche in customized AV solutions, providing:

• Home theatre design

• Premium home automation

• Multi-room audio systems

• Corporate bespoke AV integrations

It partners with renowned international brands like Denon, Polk, KEF, JBL, and Pro Audio Technology, giving it exclusive distribution rights in India—ensuring access to top-tier AV innovations for its customers.

IPO Details at a Glance

• IPO Type: Book Built Issue

• Issue Size: ₹38.21 Crores

• Fresh Issue: 46.32 Lakh shares

• Price Band: ₹82 – ₹87 per share

• Lot Size: 1,600 shares

• Minimum Investment (Retail): ₹1,39,200

• Minimum Investment (HNI): ₹2,78,400 (2 lots)

• Market Cap at Upper Band: ₹152.28 Crores

• Listing Exchange: NSE SME

• IPO Subscription Dates: June 26 – June 30, 2025

• Allotment Date: July 01, 2025

• Tentative Listing Date: July 03, 2025

• Lead Manager: Hem Securities Limited

• Registrar: Cameo Corporate Services Limited

• Market Maker: Hem Finlease Private Limited

Anchor Investment Round – ₹11.45 Crores Raised

On the strength of its fundamentals and potential, PRO FX Tech has already raised ₹11.45 crores from Anchor Investors at the upper price band of ₹87 per share. A total of 13,16,800 equity shares were allocated to anchor investors, indicating institutional confidence in the issue.

Grey Market Premium (GMP) and Expected Listing Price

As of June 20, 2025, the GMP is ₹9, which suggests an expected listing price of ₹96 per share—an estimated gain of 10.34% from the issue price. However, it’s important to note that:

GMP trading is unofficial, unregulated, and purely speculative. It is used only for informational purposes, and investors should not base decisions solely on GMP trends.

Live Subscription Status

As of 11:00 AM on June 27, 2025, the IPO was subscribed 1.27 times on Day 2 of its subscription period. Investors can check real-time subscription data directly from the NSE SME portal.

How to Check IPO Allotment Status

Once the allotment is finalized (expected on July 01, 2025), follow these steps to check status:

1. Visit the Registrar Website (Cameo Corporate Services)

2. Select PRO FX Tech Limited IPO from the list

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

4. Submit and check allotment status

Use of IPO Proceeds

The net proceeds from the issue will be used for the following objectives:

• ₹150.00 Lakhs – Repayment of borrowings

• ₹746.57 Lakhs – Setting up three showroom-cum-experience centers

• ₹1,900.00 Lakhs – Working capital requirements

• Remaining for General Corporate Purposes

Strong Financial Performance

PRO FX Tech has reported consistent financial growth over the past three fiscal years:

This upward trend in revenues, profits, and operational margins showcases the company’s strong fundamentals and scalability potential.

Valuation and Key Ratios

• Pre-Issue EPS (FY24): ₹9.51

• Post-Issue EPS: ₹6.99

• Pre-Issue P/E: 9.14x

• Post-Issue P/E: 12.44x

• ROCE (FY24): 43.58%

• ROE (FY24): 39.71%

• RoNW: 33.15%

These ratios indicate efficient capital utilization and healthy returns, which reflect a reasonably priced IPO with positive growth trajectory.

Risks and Considerations for Investors

While the company is fundamentally sound, risk-averse investors should note:

• High ticket size for retail participation at ₹1.39 lakhs

• GMP-based decisions are speculative and unofficial

• Competitive landscape in AV product distribution and services

Final Verdict – Should You Apply?

Given the company’s robust financial performance, industry reputation, growing revenue and profits, positive GMP trends, and decent valuation metrics, the PRO FX Tech IPO appears attractive for investors looking for short-term listing gains and long-term potential in the premium AV solutions market.

Recommendation: Risk-Tolerant Investors may consider applying for listing gains. Conservative investors should wait for listing performance.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions.

The Current active IPO are Neetu Yoshi, Adcounty Media India, Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials.

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