PRO FX Tech IPO Subscribed 1.20 Times on Day 1

Authored By HDFC SKY | Last Modified: Jun 27, 2025 12:10 AM IST

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Bengaluru, June 26, 2025 – The SME IPO of PRO FX Tech Limited received a solid response on its opening day, with the issue subscribed 1.20 times by 5:00 PM, according to NSE data.

The company is offering 33,15,200 equity shares in its ₹40.30 crore public issue at a price band of ₹82 to ₹87 per share. The issue opened today and will remain open until June 30, 2025.

Day 1 Subscription Summary

Category	Applications	Shares Bid For	Times Subscribed
Qualified Institutional Buyers (QIB)	3	31,21,600	–
Non-Institutional Investors (NII)	13	6,25,600	–
Retail Individual Investors (RII)	151	2,41,600	–
Total	167	39,88,800	1.20

Among QIBs, bids came in from domestic financial institutions (24 lakh shares), FIIs (1.29 lakh shares), and others (5.92 lakh shares). Retail investors accounted for 151 applications, with 107 opting for the cut-off price.

Bid Price Interest

Price Point	Shares Bid (Lakh)
₹87	39.86
₹83	39.87
₹82	39.88
Cut-off (Retail)	1.71

IPO Timeline

Detail	Information
Issue Closes	June 30, 2025
Allotment Date	July 1, 2025
Listing Date	July 3, 2025
Listing Platform	NSE Emerge

The IPO is entirely a fresh issue of 46.32 lakh shares, with no offer for sale. Proceeds are intended for loan repayment, opening new experience centres, and working capital needs.

Market participants will continue to track subscription trends closely over the remaining days.

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