Prodocs Solutions IPO: Complete Detailed Analysis (Dates, Financials, Strengths, Risks & More)
The Prodocs Solutions Limited IPO has attracted the attention of investors due to its presence in the fast-growing IT-enabled services (ITeS) and non-voice BPO segment. If you are planning to apply, this detailed analysis will help you understand every important aspect of the IPO—including dates, financial performance, company background, strengths, risks, FAQs, and investment considerations.
Let’s dive into the complete breakdown.
Prodocs Solutions IPO Important Dates
| Event | Date |
|---|---|
| IPO Bidding Opens | 08 December 2025 |
| IPO Bidding Closes | 10 December 2025 |
| Cut-off / Pre-apply Date | Available 4 days before bid opening |
| Allotment Date (Tentative) | 11 December 2025 |
| Listing Date (Tentative) | 15 December 2025 |
| Listing Exchange | BSE SME |
⭐ Prodocs Solutions IPO Details
| Detail | Information |
|---|---|
| Minimum Investment | ₹2,62,000 for retail |
| Lot Size | 1,000 shares |
| Price Band | ₹131 – ₹138 |
| Issue Size | ₹27.60 Crore |
| Promoter | Prodocs Solutions Ltd |
| Founded | 2019 |
| MD/CEO | Ms. Nishi Parth Sheth |
⭐ About Prodocs Solutions Limited
Prodocs Solutions Limited is a provider of IT-enabled services (ITeS) with a strong focus on the non-voice BPO segment. The company offers a wide range of solutions, including:
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Data processing
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Invoice processing
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E-publishing
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Healthcare documentation
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IT support
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Real estate BPO
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Market research support
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Back-office operations
The company serves clients across India, the US, Australia, and multiple other international markets.
Their business model is a mix of domestic and export services, heavily service-driven and contract-based.
⭐ Prodocs Solutions Financial Performance
Revenue Growth (₹ Cr)
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FY22: 38.01
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FY23: 45.63
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FY24: 42.20
Profit After Tax (₹ Cr)
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FY22: 1.54
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FY23: 3.16
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FY24: 5.11
📌 The company has shown consistent profit growth, increasing PAT from ₹1.54 Cr in FY22 to ₹5.11 Cr in FY24.
⭐ Strengths of Prodocs Solutions
✔ 1. Diverse Client Portfolio
The company caters to multiple non-voice BPO functions under a single service provider, increasing cross-selling opportunities.
✔ 2. International Exposure
Strong presence in:
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US
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Australia
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Healthcare
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Real estate
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Market research sectors
This reduces dependency on any single industry.
✔ 3. Strong Internal Controls
The company claims structured internal systems:
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Employee contracts
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Work handling guidelines
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Non-disclosure policies
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Regular training on data management
✔ 4. Long-standing Client Relationships
A major portion of revenue comes from stable repeat clients, including:
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eData Solutions
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eData Services Inc.
This ensures predictable income and business continuity.
✔ 5. Certified Processes
The company holds multiple certifications:
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ISO 9001:2015 – Quality Management
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ISO 14001:2015 – Environmental Management
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ISO 27001:2022/2027 – Information Security
✔ 6. Growing Profitability
Profits increased steadily from FY22 to FY24, indicating improving margins and stronger financial stability.
⭐ Risks of Prodocs Solutions
❌ 1. High Dependence on Related Parties
A significant part of revenue comes from related entities like eData Solutions, creating concentration risk.
❌ 2. Exposure to Forex Fluctuations
A large portion of revenue is export-based. Adverse USD/INR changes may impact profitability.
❌ 3. High Trade Receivables
Trade receivables increased across years:
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FY25: ₹7.05 Cr
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FY24: ₹8.23 Cr
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FY23: ₹4.40 Cr
Delayed payments may affect working capital.
❌ 4. Legal Proceedings
Directors and promoters are involved in certain ongoing cases, which could adversely affect the company’s brand and operations.
❌ 5. High Employee Costs
Employee benefits form a major part of expenses:
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FY22: ₹1.85 Cr
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FY23: ₹2.37 Cr
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FY24: ₹2.86 Cr
Any wage inflation could impact profitability.
❌ 6. Unsecured Loans
Company has unsecured loans amounting to ₹8.12 Cr, which may cause interest-related risks.
❌ 7. Competition from Large BPO Firms
Large firms with stronger technology and global infrastructure can capture market share.
⭐ Application Details
| Category | Details |
|---|---|
| Apply As | Individual Investor |
| Price Band | ₹131 – ₹138 |
| Investment Range | ₹2 – 5 Lakhs |
| Lot Size | 1000 shares |
⭐ Top FAQs About Prodocs Solutions IPO
1. What is the issue size of the IPO?
The issue size is ₹27.60 Crore.
2. What is pre-apply?
Pre-apply allows investors to submit applications 4 days before the IPO opens.
3. When will I know my allotment?
You’ll be notified once the allotment is processed—usually within 24 hours after closing.
4. What are the open and close dates?
08 December 2025 – 10 December 2025.
5. What is the lot size?
Minimum 1 lot = 1000 shares.
6. Where will the shares list?
The IPO will be listed on BSE SME.
7. Who is the registrar?
Registrar details are yet to be announced.
⭐ Conclusion: Should You Apply for Prodocs Solutions IPO?
Prodocs Solutions operates in a growing segment of IT-enabled and non-voice BPO services, backed by:
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Stable client relationships
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Consistent profit growth
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International market exposure
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ISO-certified operations
However, investors must also consider:
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Dependence on related-party clients
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High trade receivables
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Exposure to forex fluctuations
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Legal proceedings involving promoters
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SME IPO volatility
This IPO may suit investors with a higher risk appetite who understand SME markets and are comfortable with medium-to-high volatility. Its growth potential is visible, but risks are equally important to evaluate.
⚠ Disclaimer
This article is for educational and informational purposes only.
It is NOT financial advice or investment recommendation.
Please consult a SEBI-registered financial advisor before making any investment decisions.
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