Pro FX Tech IPO

About Pro FX Tech IPO

The IPO of Pro FX Tech Ltd comprises a fresh issue of up to 46,32,000 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. 2,40,000 shares are set aside for market makers. The price band of the IPO is between ₹82 - ₹87. The lot size is 1600 shares.

The opening date is June 26, 2025 and the closing date is June 30, 2025. The allotment date is July 1, 2025. The credit of shares to the demat account will take place on July 2, 2025. The tentative listing date is July 3, 2025. The initiation of refunds will take place on July 2, 2025.

Objectives of Pro FX Tech IPO

• Repayment of a portion of certain borrowing availed by the company
• Funding capital expenditure towards setting-up of 3 new showrooms cum experience centres
• Working capital requirements
• General corporate purpose

Industry Outlook

The Indian Media & Entertainment (M&E) sector is set for substantial growth, with a projected 10.2% increase, reaching ₹2,55,000 crore (US$ 30.8 billion) by 2024 and a 10% CAGR, hitting ₹3.08 trillion (US$ 37.2 billion) by 2026. India's Entertainment and Media (E&M) industry is set to outpace global growth, with a compound annual growth rate (CAGR) of 8.3%, projected to reach US$ 43.03 billion (₹3,65,000 crore) by FY28.

On the other hand, the electronics market has grown at a CAGR of 14% from 2016-19 and is expected to accelerate at a CAGR of 16.6% in 2020-25, with the total demand likely to account for US$ 540 billion in FY25.

Company Information

Pro FX Tech Ltd is engaged in the distribution of AV (Audio-Video) products, including but not limited to amplifiers & processors, turn-tables, audio streamers, speakers, subwoofers, sound bars, and cables. In addition to distribution, it excels in designing and implementing customised AV solutions for home theatres, premium home automation, multi-room audio systems, and bespoke AV solutions for corporate customers. It offers extensive after-sales support services to ensure optimal product performance and customer satisfaction.

Risks of Pro FX Tech

• Dependent on Global Suppliers

The company depends on its global suppliers/ manufacturers or domestic vendors for its operations and unsatisfactory products provided by them or failure to maintain relationships with them could disrupt its operations. Further, it may not be able to pass on any increase in costs levied by its global suppliers/manufacturers or vendors to its customers.

• Consistent and Timely Availability of Finished Products

The company’s business and profitability heavily rely on the consistent and timely availability of finished products. Any disruption in supply or price volatility of these products can negatively impact its operations and financial health. Additionally, its dependence on third-party suppliers, without firm supply commitments or exclusive arrangements, poses a risk. The loss of any suppliers could adversely affect its business, operational outcomes, and financial condition.

• Not Own Registered Office, Corporate Office

The company doesn’t own the registered office, corporate office, warehouse, Service Centres and Showrooms from which it carries out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

Anchor Investor Bidding Date

The Anchor investor bidding date is one day prior to the IPO opening date i.e. July 25, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Cameo Corporate Services Ltd
• Book Running Lead Manager: Hem Securities Ltd

Business Model

Pro FX Tech Ltd’s tailored residential solutions, such as home theatre systems (including projectors, amplifiers, processors, source equipment, speakers, subwoofers, sound bars, and cables) and automation solutions, are crafted to meet the unique lifestyle requirements of affluent consumers seeking premium AV and automation solutions, along with seamless installation, connectivity, programming, and reliable after-sales support.

For corporate customers, it provides end-to-end AV and automation solutions for boardrooms, corporate lobbies, retail spaces, F&B establishments, hospitals, educational institutions, hospitality venues, places of worship, and beyond.

Additionally, it has recently ventured into digital signage solutions. Digital signage is emerging as a powerful tool for communication, branding, and engagement across various industries, and it’s well-equipped to deliver innovative solutions such as professional displays, active LEDs, projectors, and interactive displays customised to customers' requirements.

Company Growth Trajectory

The revenue from operations of Pro FX Tech Ltd grew from ₹95.7839 crores in FY 23 to ₹129.3754 crores in FY 25. Its EBITDA margin grew from 10.55% in FY 23 to 13.19% in FY 25, while PAT margin increased from 6.60% in FY 23 to 9.41% in FY 25. Wide geographical reach coupled, extensive service infrastructure and experienced sales and technical team have helped the company grow over the years.

Market Position

In addition to its registered and corporate office in Bengaluru, Pro FX Tech Ltd operates a 15,000 sq. ft. warehouse at SY. No. 71/3, Cheemasandra, Near Milk Society, Virgonagar (Post), Bangalore, 560049, which is dedicated to storing its AV products.

The company’s extensive pan-India dealer network ensures a robust presence across the country. Furthermore, it has 28 service centres, comprising both company-managed and franchise-based, across various regions of India to provide comprehensive support and services to its customers.

How to Apply for the Pro FX Tech IPO?

Visit the Registrar’s Website

• Visit the official website of Cameo Corporate Services Ltd and click on IPO Status Links
• Click on any one of the links
• Choose the company name and enter either your PAN No, Application No or DP ID
• Enter captcha and click on Submit to know the status

Check on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Pro FX Tech Ltd IPO. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
• Application number
• PAN Then click 'Submit' to know the allotment status.

How to Apply for the Pro FX Tech IPO?

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.