Mumbai, December 5, 2025 – Prodocs Solutions Limited, a fast‑growing non‑voice IT Enabled Services (ITES/BPO) company, today announced the launch of its Initial Public Offering (IPO). The Bid/Offer period will open on Monday, December 8, 2025, and close on Wednesday, December 10, 2025, with the Anchor Investor bidding window scheduled for Friday, December 5, 2025.
IPO Structure
Offer Size
- Total Offer: Up to 20,00,000 Equity Shares (Face Value ₹10 each)
- Fresh Issue: Up to 16,00,000 Equity Shares
- Offer for Sale: Up to 4,00,000 Equity Shares
- Pre‑Issue Share Capital: 54,50,000 Equity Shares
- Post‑Issue Share Capital: Up to 70,50,000 Equity Shares
IPO Timeline
- Anchor Investor: December 5, 2025
- Issue Opens: December 8, 2025
- Issue Closes: December 10, 2025
- Listing: BSE SME Platform
Offer Composition
- Market Maker Reservation: 1,00,000 Equity Shares
- Net Offer to Public: 19,00,000 Equity Shares
Allocation Breakdown
A. QIB Portion
- Not more than 9,30,000 Equity Shares
- Anchor Investor Portion: Up to 5,58,000 Equity Shares
- Net QIB Portion: Up to 3,72,000 Equity Shares
B. Non‑Institutional Investors (NII): Up to 3,00,000 Equity Shares
C. Retail Individual Investors (RII): Up to 6,70,000 Equity Shares
Final allocation will be determined upon completion of the basis of allotment.
Utilisation of Net Proceeds
| Particulars | Amount (₹ in lakhs) |
|---|---|
| Design, development, implementation & support for tailored software solution | 443.15 |
| Capital expenditure for IT equipment, hardware & ancillary systems | 392.69 |
| Repayment / prepayment of certain borrowings | 376.65 |
| Working capital requirements | 450.00 |
| General corporate purposes | [●] |
| Total | [●] |
Offer Intermediaries
- Book Running Lead Manager: Cumulative Capital Private Limited
- Registrar to the Offer: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Management Commentary
Ms. Nidhi Parth Sheth, Managing Director, Prodocs Solutions Limited, said: “This IPO marks a significant milestone as we strengthen our global delivery capabilities and expand our technology‑driven service offerings. The proceeds will support deeper investments in software solutions, IT infrastructure, and working capital resilience.”
Mr. Swapnilsagar Vithalani, Director & Co‑founder, 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‑certified processes make this IPO compelling for investors seeking scalable offshore service models.”
About Prodocs Solutions Limited
Prodocs Solutions Limited is a diversified non‑voice IT Enabled Services company headquartered in Mumbai. The company operates across Title Services, e‑Publishing, Indexing Services, and Business Services (Finance & Accounting, Litigation Support), serving clients primarily in the United States and Australia.
With 1,100+ employees across delivery centres in Mumbai and Bengaluru, and on‑shore project management capabilities in California through its 60%‑owned subsidiary eData Solutions Inc, Prodocs delivers scalable, tech‑enabled offshore solutions. The company is certified with ISO 9001:2015, ISO 14001:2015, and ISO 27001:2022, ensuring strong standards in quality, environmental management, and information security.
