PRO FX Tech IPO Subscribed 1.20 Times on Day 1
By HDFC SKY | Updated at: Jun 27, 2025 12:10 AM IST
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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