PRO FX Tech IPO Launches 26 June: ₹40.30 Crore Issue with Price Band of ₹82–₹87

Mumbai, 25 June 2025: PRO FX Tech Limited will open its ₹40.30 crore initial public offering (IPO) for subscription on 26 June 2025, aiming to raise capital through a book-built SME issue on the NSE Emerge platform. The IPO features 46.32 lakh equity shares priced in the band of ₹82 to ₹87 per share. The public issue will remain open until 30 June, with listing expected on 3 July 2025.

Pro Fx Tech IPO Details: Dates, Lot Size and Listing Timeline

Company Profile: Premium AV and Automation Solutions Provider

Founded in 2006 and headquartered in Bengaluru, PRO FX Tech Limited specialises in distributing high-end audio-video (AV) equipment and home automation systems. Its product portfolio includes amplifiers, streamers, soundbars, speakers, and subwoofers, catering to both residential and commercial markets. The company also provides customised AV integration solutions for homes and corporate spaces.

PRO FX Tech holds exclusive distribution rights in India for leading global AV brands such as Denon, Polk, JBL, KEF, and Definitive Technology, enhancing its brand strength and market reach.

Financial Performance: Steady Growth Across Key Metrics

The company has demonstrated consistent growth in revenue, profitability, and asset base, with FY25 showing a 17.2% increase in revenue and over 29% rise in profit after tax compared to FY24.

Use of IPO Proceeds: Strategic Expansion and Debt Reduction

The company intends to deploy the funds raised through the IPO as follows:

• ₹15 crore: Repayment of outstanding borrowings
• ₹7.47 crore: Establishment of three new experience centres in Delhi, Kochi, and Chennai
• ₹19 crore: Funding working capital requirements
• Remaining amount: To be used for general corporate purposes

This strategic allocation highlights the company’s aim to reduce leverage while expanding its retail presence and operational capabilities.

Promoter Details and Shareholding Structure

• Promoters: Manmohan Ganesh and Shreya Nambiar
• Pre-issue shareholding: 68.40%
• Post-issue shareholding: 50.30%

The issue is a purely fresh issue, with no Offer for Sale (OFS) component, indicating that the entire capital raised will benefit the company directly.

Lead Manager and Registrar

• Book Running Lead Manager: Hem Securities Limited
• Registrar to the Issue: Cameo Corporate Services Limited

Risks to Monitor: Global Ties and Capital Demands May Weigh on Future Performance

Investors should consider the following key risks:

• Heavy reliance on international supplier partnerships, exposing the business to global logistics or supply chain disruptions
• A working capital-intensive model, which could strain short-term liquidity
• Delays in rolling out new experience centres may affect revenue projections
• No dividend history, with all earnings currently reinvested into the business

Market Watch: Subscription Interest and Listing Day Performance Key to Valuation

As PRO FX Tech prepares to debut on NSE Emerge, market participants will closely observe subscription trends and anchor investor participation. The listing on 3 July 2025 is expected to reflect the market’s response to the company’s growth story, financial stability, and premium brand associations.

Given its rising revenue trajectory, brand partnerships, and plans for pan-India expansion, the IPO has garnered attention from both retail and institutional investors seeking exposure to the growing AV and smart home solutions space.

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