PRO FX Tech IPO Subscribed 1.37 Times on Day 2
By Ankur Chandra | Published at: Jun 27, 2025 06:04 PM IST
Bengaluru, June 27, 2025 – PRO FX Tech Limited’s SME IPO witnessed increased traction on its second day of bidding, with the public issue subscribed 1.37 times as of 5:00 PM. The total bids received reached 45.29 lakh shares against the offer size of 33.15 lakh shares (net of market maker reservation).
Day 2 Subscription Status
| Category | Applications | Shares Bid For | Approx. Times Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 3 | 31,21,600 | Fully subscribed |
| Non-Institutional Investors (NII) | 24 | 6,91,200 | 1.05x |
| Retail Individual Investors (RII) | 448 | 7,16,800 | 2.97x |
| Total | 475 | 45,29,600 | 1.37x |
Retail investor interest surged sharply, with 448 applications received, up from 151 on Day 1. Cut-off bids accounted for nearly 66% of the RII demand, with 4.75 lakh shares bid at cut-off.
QIB and NII Participation
QIB bids remained unchanged from Day 1, comprising:
- Domestic Financial Institutions: 24 lakh shares
- Foreign Institutional Investors: 1.29 lakh shares
- Others (QIB): 5.92 lakh shares
Non-institutional participation also improved with a total of 24 applications, including 23 from individuals and 1 from corporate.
Key Dates
| Event | Date |
|---|---|
| Issue Closes | June 30, 2025 |
| Allotment Date | July 1, 2025 |
| Listing Date | July 3, 2025 |
| Listing Platform | NSE Emerge |
The ₹40.30 crore IPO, with a price band of ₹82–₹87 per share, consists of a fresh issue of 46.32 lakh equity shares. Proceeds will be used for debt repayment, showroom expansion, and working capital.
With the issue closing on Monday, June 30, investor interest is expected to remain high as the final bidding day approaches.
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