Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Prodocs Solutions IPO
Prodocs Solutions Ltd
₹2,62,000 /1000 sharesMinimum Investment
Prodocs Solutions IPO Details
| Bidding dates | Minimum investment | Lot size | Price range |
|---|---|---|---|
| 8 Dec ‘25 - 10 Dec ‘25 | ₹2,62,000 | 1,000 | ₹131 - ₹138 |
| Issue size | IPO doc | Tentative allotment date | Tentative listing date |
|---|---|---|---|
| 27.60 Cr | RHP PDF | 11 Dec ‘25 | 15 Dec ‘25 |
| Face value |
|---|
| 10 |
About Prodocs Solutions
Founded in
2019
MD/CEO
Ms Nidhi Parth Sheth
Parent organisation
Prodocs Solutions Ltd
Strengths & Risks of Prodocs Solutions
Strengths
Risks
The company claims to allow clients to access multiple non-voice BPO functions under a single service provider. Their ability to deliver end-to-end services positions them to cater to diverse business requirements across sectors.
Prodocs Solutions claims to serve clients in the US, Australia, and other markets across sectors, such as real estate, publishing, finance, and healthcare. This geographic spread may reduce dependency on a single market or industry. Their order book as of October 31, 2025, is reported at Rs 67.68 crore, providing short-term revenue visibility.
Prodocs Solutions claims to have structured internal controls, such as access restrictions, non-disclosure provisions in employee contracts, and regular training on data handling. They also state that no data breaches caused by employees have been reported to date. These internal mechanisms may support secure processing of sensitive information for clients.
The company derives a significant portion of revenue from long-standing relationships with its group entities, eData Solutions Inc. and eData Services Inc. This inter-company business provides financial stability and predictable demand for services. The company also states that formal agreements are in place, which may support continuity and planning.
The company is ISO 9001:2015 certified for its quality management systems, ISO 14001:2015 certified for its environmental management systems, and ISO 27001:2022 certified for information security.
The company has seen a consistent increase in profit after tax (PAT), which increased from Rs 1.54 crore in FY23 to Rs 3.16 crore in FY24 to Rs 5.11 crore in FY24.
The company generates a substantial majority of its revenue from related-party entities, especially eData Solutions. Revenue from this promoter group entity accounted for 83.09 percent of operating revenue in the period ended September 30, 2025, 83.59 percent in FY25, 90.92 percent in FY24, and 89.92 percent in FY23. Such high dependency exposes the company to concentrated risk if this entity reduces or discontinues engagement.
Foreign exchange fluctuations directly influence profitability due to a high share of export-linked earnings. The company recorded forex gains of only Rs 0.08 crore in the period ended September 30, 2025, and Rs 0.06 crore in FY25, Rs 0.03 crore in FY24, and Rs 0.18 crore in FY23, respectively. Any sustained appreciation of INR could reduce margins, and hedging strategies may not fully mitigate these risks.
The company reported negative cash flows from investing activities of Rs 28.27 crore (consolidated) in the period ended September 30, 2025, and Rs 15.98 crore in FY25, Rs 3.47 crore in FY24, and Rs 1.76 crore in FY23. Additionally, negative cash flow from financing activities amounted to Rs 1.64 crore (standalone) for the period ended September 30, 2025, and Rs 1.47 crore (standalone) in FY23. Sustained negative cash flows may strain liquidity, limit the ability to fund expansion, and increase reliance on external financing.
The top 5 debtors accounted for Rs 7.05 crore (71.82 percent) (consolidated) of the company’s trade receivables in the period ended September 30, 2025, Rs 9.38 crore (100 percent) in FY25, Rs 4.40 crore (100 percent) in FY24, and Rs 2.08 crore (100 percent) in FY23. Delay in collections from a few clients can materially impact working capital and cash flows.
The company’s directors and promoters are involved in certain ongoing tax proceedings. Any adverse judgment in these cases can be detrimental to the company’s business prospects.
Employee benefits expenses accounted for Rs 14.50 crore (71.74 percent) of the company’s total expenses for the period ended September 30, 2025; Rs 25.95 crore (71.39 percent) in FY24; Rs 28.68 crore (68.42 percent) in FY23; and Rs 23.23 crore (66.17 percent) in FY22. Any increase in employee costs due to labour regulation changes or wage inflation, and any inability to pass these increases on to customers, can adversely affect margins, cash flows, and financial condition.
The company has unsecured loans amounting to Rs 8.12 crore as of October 31, 2025, which can be recalled at any time. If lenders demand immediate repayment, the company may need alternative financing, which may not be accessible on favourable terms and could adversely affect operations and liquidity.
The company faces competition from large IT-BPO players with stronger financial resources, global scale, and technological capabilities. This may create pricing pressure and potential margin compression. Given the company’s revenue concentration and modest scale, loss of clients to larger firms could materially affect business performance.
Prodocs Solutions Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Prodocs Solutions IPO
| Apply as | Price band | Apply Range | Lot size |
|---|---|---|---|
| Individual investor | ₹131 - 138 | ₹2 - 5 Lakh | 1000 |
For Prodocs Solutions IPO, eligible investors can apply as Individual investor.