PRO FX Tech, a company specializing in the distribution of high-end AV (Audio-Video) products and customized audio-visual solutions, has opened its Initial Public Offering (IPO) for public subscription. The IPO is a Book Built Issue amounting to ₹38.21 Crores, consisting entirely of a Fresh Issue of 46.32 lakh equity shares. The subscription window began on June 26, 2025, and will close on June 30, 2025.

The company is targeting a listing on the NSE SME platform, with the tentative listing date scheduled for July 3, 2025. The IPO allotment is expected to be finalized by July 1, 2025, and investors can check their allotment status on the registrar’s website, CAMEO CORPORATE SERVICES LIMITED, post-announcement.

The price band for the PRO FX Tech IPO has been set between ₹82 to ₹87 per equity share, with a lot size of 1,600 shares. Retail investors must apply with a minimum investment of ₹1,39,200, while High Net-Worth Individuals (HNIs) are required to apply for at least 2 lots (i.e., ₹2,78,400 worth). At the upper price band of ₹87, the company's post-issue market capitalization will stand at ₹152.28 Crores.

HEM SECURITIES LIMITED is acting as the Book Running Lead Manager, while Hem Finlease Private Limited will serve as the Market Maker for this issue.

Business Overview

PRO FX operates in the premium AV segment, distributing globally renowned brands like Denon, Polk, KEF, JBL, Definitive Technology, Revel, and more. The company's offerings include amplifiers, turntables, audio streamers, soundbars, subwoofers, and complete home theatre and automation setups. They also design and implement bespoke AV solutions for corporate clients, in addition to residential customers.

With over three decades of experience, Manmohan Ganesh, the Managing Director, leads the company. He is joined by Shreya Nambiar and Mr. Appadurai Manuel Santhana Joekumar, the Whole-time Director and CFO, with over 30 years of experience in finance and operations.

Financial Performance

PRO FX Tech’s financial growth reflects its robust market position. The Revenue from Operations for the years ending March 31, 2025, 2024, and 2023 stood at ₹13,005.42 lakh, ₹11,094.27 lakh, and ₹9,625.94 lakh respectively.
The EBITDA grew from ₹1,076.20 lakh in FY23 to ₹1,795.34 lakh in FY25.
Profit After Tax (PAT) also increased steadily from ₹714.18 lakh in FY23 to ₹1,223.75 lakh in FY25.

Key metrics such as:

• Pre-Issue EPS: ₹9.51

• Post-Issue EPS: ₹6.99

• Pre-Issue P/E: 9.14x

• Post-Issue P/E: 12.44x

• Return on Capital Employed (ROCE): 43.58%

• Return on Equity (ROE): 39.71%

• Return on Net Worth (RoNW): 33.15%

These figures indicate that the company has managed to maintain strong profitability and operational efficiency, even as it scales its operations.

IPO Objectives

The proceeds from the ₹38.21 Cr IPO will be used for the following purposes:

1. ₹150.00 lakhs towards repayment of certain borrowings

2. ₹746.57 lakhs to fund capital expenditure for setting up 3 showroom-cum-experience centres

3. ₹1,900.00 lakhs to fulfill working capital requirements

4. Remaining proceeds towards general corporate purposes

Grey Market Premium (GMP) & Anchor Investment

As of June 20, 2025, the Grey Market Premium (GMP) for PRO FX Tech IPO is ₹9, suggesting an expected listing price of ₹96, indicating a 10.34% potential gain over the upper price band. However, it’s worth noting that GMP is unregulated, purely indicative, and should be taken with caution.

Anchor Investors have shown confidence in the company, with ₹11.45 Cr raised at the upper end of the price band (₹87). 13,16,800 equity shares have been allocated to anchor investors ahead of the IPO opening date.

IPO Subscription Status (Live Update)

As of 7:00 PM on June 27, 2025, the IPO is subscribed 1.37 times, showing strong demand from retail and institutional investors alike. Investors can track real-time subscription data on the NSE platform.

GMP Trend Summary

How to Check PRO FX Tech IPO Allotment Status

To check the IPO allotment status for PRO FX Tech, follow these simple steps:

• Visit the IPO allotment status page on the registrar's site

• Select “PRO FX Tech Limited IPO” from the dropdown

• Enter your PAN, DP ID, or Application Number

• Click submit to view your status

This status will be available on or after July 1, 2025, post finalization of allotments.

PRO FX Tech IPO Review

PRO FX Tech presents a compelling opportunity for investors looking to enter a niche, high-growth AV market. With solid financial performance, a well-experienced leadership team, and a healthy GMP indicating listing gains, the IPO may appeal to those seeking short-term listing profit as well as long-term portfolio growth.

The issue appears fairly priced based on the valuation metrics and future growth potential. However, it is advised that risk-averse investors conduct their due diligence before subscribing.

Final Thoughts

Given its steady revenue growth, diverse brand portfolio, and strong customer focus, PRO FX Tech is positioned well in the premium AV distribution market. With a GMP of ₹9, the market expects a positive debut. Investors should closely monitor the subscription data and market trends over the IPO period.

Disclaimer:
The content above is purely informational and educational. It is not intended to be a recommendation or financial advice. Always consult a registered financial advisor before making any investment decision. Investing in IPOs involves market risk, and past performance is not indicative of future results.

The Upcoming IPOs in this week and coming weeks are Travel Food Services, Cryogenic, 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.

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