PRO FX Tech IPO is a book-built issue worth ₹40.30 crore. The IPO consists entirely of a fresh issue of 46.32 lakh equity shares. The IPO opens for subscription on June 26, 2025, and closes on June 30, 2025. The allotment is expected to be finalised on July 1, 2025, with tentative listing on NSE SME scheduled for July 3, 2025.
The IPO is priced in a band of ₹82 – ₹87 per share. Retail investors must apply for a minimum of 1 lot comprising 1,600 shares, requiring an investment of ₹1,39,200 at the cutoff price. HNI investors must apply for a minimum of 2 lots (3,200 shares), amounting to ₹2,78,400.
Hem Securities Limited is the book-running lead manager to the issue, and Cameo Corporate Services Limited is the registrar. Hem Finlease Private Limited is acting as the market maker for the IPO.
For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the PRO FX Tech IPO RHP.
Industry Outlook
- India’s audio-visual (AV) and home automation industry is experiencing a period of robust expansion, fuelled by rising urbanisation, increasing disposable incomes, and a growing appetite for premium lifestyle solutions. The sector is being shaped by a shift in consumer behaviour towards immersive entertainment experiences and smart living environments, particularly in metropolitan and Tier-I cities.
- The proliferation of smart homes and integrated AV systems is being accelerated by government initiatives such as Digital India and Make in India, which are fostering innovation and encouraging domestic manufacturing. With a compound annual growth rate (CAGR) exceeding 16%, the home automation segment, comprising smart lighting, HVAC control, and security systems, is emerging as a key driver of growth within the broader AV ecosystem.
- India’s AV market is characterised by a blend of global and domestic players. International brands such as Denon, KEF, JBL, and Polk continue to dominate the high-end segment, offering cutting-edge technology and superior acoustics. Simultaneously, Indian companies are gaining ground by offering cost-effective, locally adapted solutions, often in partnership with global manufacturers.
- The competitive landscape remains fragmented yet dynamic, with differentiation hinging on product quality, technological innovation, and customer-centric service delivery. System integrators and solution providers play a pivotal role in tailoring AV and automation solutions to individual client needs, ensuring seamless integration and long-term reliability.
PRO FX Tech IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Repay a portion of existing borrowings to strengthen the company’s balance sheet and reduce interest obligations. This will enhance financial flexibility and support future expansion initiatives.
- Establish three new showroom-cum-experience centres in Delhi, Kochi, and Chennai. This includes interior fit-outs, acoustic treatments, and the procurement of high-end display stock to showcase premium audio-visual and home automation solutions, thereby expanding the company’s retail footprint and customer engagement capabilities.
- Augment working capital reserves to support the company’s growing operations, including inventory procurement, dealer support, and fulfilment of increasing demand across its distribution, retail, and corporate solution segments.
- Support general corporate purposes, including brand development, administrative overheads, and strategic initiatives aimed at reinforcing the company’s market presence and operational resilience.
About PRO FX Tech Limited
PRO FX Tech Limited was originally incorporated as Advanced Audio Solutions (Bangalore) Private Limited on 8 November 2006 under the Companies Act, 1956. The company was renamed PRO FX Tech Private Limited on 17 June 2014 and subsequently converted into a public limited company as PRO FX Tech Limited on 13 June 2024.
The company specialises in the distribution of high-end audio-visual (AV) products and the design and implementation of bespoke AV solutions. Its offerings include amplifiers, processors, turntables, wireless streamers, speakers, subwoofers, sound bars, and cables. In addition to product distribution, PRO FX Tech provides tailored AV installations for home theatres, premium home automation systems, multi-room audio setups, and corporate environments.
PRO FX Tech has established strategic partnerships with globally recognised brands such as Denon, Polk, KEF, JBL, Theory Audio Design, and Pro Audio Technology, enabling it to deliver cutting-edge AV solutions across India. The company operates through a network of showrooms, experience centres, and franchised service outlets, with its corporate and registered offices located in Bangalore, Karnataka.
The company’s operations are focused within India, with a growing presence in key urban centres. Its expansion strategy includes the launch of new showroom-cum-experience centres in Delhi, Kochi, and Chennai, aimed at enhancing customer engagement and brand visibility.
How To Check the Allotment Status of the PRO FX Tech IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for PRO FX Tech IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the PRO FX Tech IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of PRO FX Tech IPO
Registered Office: PROFX Global Theatre, Ground Floor, 84, Barton Centre, M. G. Road, Bangalore – 560001, Karnataka, India
Phone: +91 8041122539
E-mail: info@profx.com
PRO FX Tech IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
Not more than 50% of the Net Issue |
|
Retail Shares Offered |
Not less than 35% of the Net Issue |
|
NII (HNI) Shares Offered |
Not less than 15% of the Net Issue |
PRO FX Tech IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1600 |
₹1,39,200 |
|
Retail (Max) |
1 |
1600 |
₹1,39,200 |
|
HNI (Min) |
2 |
3200 |
₹2,78,400 |
PRO FX Tech IPO Promoter Holding
The promoters of the company are Manmohan Ganesh and Shreya Nambiar.
|
Share Holding Pre-Issue |
68.40% |
|
Share Holding Post Issue |
50.30% |
Key Performance Indicators for PRO FX Tech IPO
The market capitalisation of PRO FX Tech IPO is ₹152.28 Cr. Here are the KPIs of PRO FX Tech:
|
KPI |
Value |
|
EBITDA Margin (%) |
13.19 |
|
PAT Margin (%) |
9.41 |
|
Return on Equity (RoE) (%) |
39.71 |
|
Return on Capital Employed (RoCE) (%) |
43.58 |
PRO FX Tech IPO Prospectus
PRO FX Tech IPO Registrar and Lead Managers
PRO FX Tech IPO Lead Managers
- Hem Securities Limited
Registrar for PRO FX Tech IPO
Cameo Corporate Services Limited
- Contact Number: +91 44 4002 0700
- Email Address: ipo@cameoindia.com
PRO FX Tech IPO Registrar
Financial Performance of PRO FX Tech Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operations (₹ Lakh) | 12,937.54 | 11,047.73 | 9,578.39 |
| EBITDA Margin (%) | 13.19 | 13.01 | 10.55 |
| PAT Margin (%) | 9.41 | 8.51 | 6.60 |
| Return on Equity (RoE) (%) | 39.71 | 47.07 | 53.79 |
| Return on Capital Employed (RoCE) (%) | 43.58 | 45.55 | 52.73 |
| Net Worth (₹ Lakh) | 3,691.16 | 2,471.90 | 1,537.46 |
Know before investing
Strengths
8Exclusive distribution rights with global AV brands like Denon, KEF, JBL, and Polk.
Offers high-end AV equipment and customised automation solutions for homes and corporates.
Consistent increase in revenue and profit over the last three financial years.
Operational footprint through showrooms, experience centres, and dealer networks across major cities.
Planned launch of new showrooms in Delhi, Kochi, and Chennai to boost market reach.
Growing consumer interest in home automation and immersive AV experiences.
Benefiting from initiatives like Digital India and Make in India.
Scope to scale retail and experience-driven sales channels across urban India.
Risks
8Termination or non-renewal of distribution agreements may disrupt operations.
High working capital needs and risk of unsold or obsolete stock.
Heavy reliance on AV distribution may affect resilience.
Delays or lapses in statutory approvals could impact business continuity.
Ongoing legal proceedings may affect financial stability.
Rapid AV tech changes may render products outdated.
Intense competition from domestic and international brands.
Heavy import reliance exposes the company to currency fluctuations.
