Mumbai, December 5, 2025 – Prodocs Solutions Limited, a fast-growing non-voice IT Enabled Services (ITES/BPO) company, announced the launch of its Initial Public Offering (IPO). The Bid/Offer will open on Monday, December 8, 2025 and close on Wednesday, December 10, 2025, with an Anchor Investor bidding window scheduled for Friday, December 5, 2025.
IPO Details
Offer Size:
o Total Offer: Up to 20,00,000 Equity Shares of Face Value ₹10 each
o Fresh Issue: Up to 16,00,000 Equity Shares
o Offer for Sale: Up to 4,00,000 Equity Shares
o Pre-Issue Shares: 54,50,000 Equity Shares
o Post-Issue Shares: Up to 70,50,000 Equity Shares
IPO Timeline
o Anchor Investor: December 5, 2025
o Open: December 8, 2025
o Close: December 10, 2025
o Listing: BSE SME Platform
Offer Comprises
o Market Maker Reservation: 1,00,000 Equity Shares
o Net Offer to Public: 19,00,000 Equity Shares
Allocation Breakdown
- QIB Portion
o Not more than 9,30,000 Equity Shares
Of which:
o Anchor Investor Portion: Up to 5,58,000 Equity Shares
o Net QIB Portion (post-anchor): Up to 3,72,000 Equity Shares
- Non-Institutional Investors (NII):Up to 3,00,000 Equity Shares
- Retail Individual Investors (RII):Up to 6,70,000 Equity Shares
Note: The above allocations will be finalised upon the basis of allotment.
Utilisation of Net Proceeds
| Particulars |
Amount
(₹ in lakhs) |
| Design, development, implementation & support for a tailored software solution |
443.15 |
| Funding capital expenditure for IT equipment, computer hardware and ancillary systems |
392.69 |
| Repayment / prepayment of certain outstanding borrowings |
376.65 |
| Funding working capital requirements |
450.00 |
| General corporate purposes |
[●] |
| Total |
[●] |
Offer Intermediaries
o Book Running Lead Manager: Cumulative Capital Private Limited
o Registrar to the Offer: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
Management Commentary
Ms. Nidhi Parth Sheth, Managing Director, said: “This IPO marks an important milestone for Prodocs as we strengthen our global capabilities and expand our technology-driven service delivery. The funds will enable us to invest deeper into software solutions, IT infrastructure, and working capital resilience.”
Mr. Swapnilsagar Vithalani, Director & Co-founder of Cumulative Capital Private Limited, added: “Prodocs Solutions operates in a high-growth, specialized segment of the ITES industry. Its strong track record, international footprint and ISO-backed processes make this IPO compelling for investors looking at scalable offshore service models.”
