Pro FX Tech
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 26 Jun 2025 – 30 Jun 2025
- Listing date
- 03 Jul 2025
- Face value
- ₹10 per share
- Issue price
- ₹87 per share
- Lot size
- 1,600 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹40.30 Cr
- Market cap at offer price
- ₹152 Cr
- Promoter holding
- 68.40% → 50.30% pre-issue → post-issue
- ISIN
- INE0VJT01017
- Registrar
- Cameo Corporate Services Ltd.
- Lead managers
- Hem Securities Ltd.
- Registered office
- PROFX Global Theatre, Ground Floor, 84, Barton Centre, Mahatma Gandhi Road, Karnataka
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 13,16,800 | — | — |
| Market maker | 2,40,000 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹87
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,39,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,78,400 |
| S-HNI (max) | 7 | 11,200 | ₹9,74,400 |
| B-HNI (min) | 8 | 12,800 | ₹11,13,600 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 9.51 | 6.99 |
| P/E (×) | 9.15 | 12.45 |
| Price to book (×) | 3.03 | — |
| Market cap | — | ₹152 Cr |
Key performance indicators
- Return on net worth
- 33.15%
- ROCE
- 45.55%
- Debt / equity
- 0.06
- PAT margin
- 9.41%
- EBITDA margin
- 13.19%
- NAV per share
- ₹28.68
- Price to book
- 3.03
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Pro FX Tech
Established in 2006 as Advanced Audio Solutions (Bangalore) Private Limited, PRO FX Tech Limited operates in the distribution and retail of Audio-Video products including amplifiers, processors, speakers, subwoofers, turntables, and related cables. The company designs and implements customized AV solutions for home theaters, premium home automation, multi-room audio systems, and corporate solutions. With distribution rights from renowned global suppliers such as Denon, Polk, Definitive Technology, KEF, Theory, Pro Audio Technology, JBL, and Revel, the company serves affluent households and corporate entities. The company operates six showrooms and two experience centers across five cities (Bangalore, Mysore, Coimbatore, Chennai, and Kochi), supplemented by 28 service centers comprising 10 company-managed and 18 franchised facilities. Revenue grew from ₹9,578.39 lakhs in FY 2022-23 to ₹12,937.54 lakhs in FY 2024-25, with profit after tax reaching ₹1,223.75 lakhs in FY 2024-25.
Company Analysis
from RHPPRO FX Tech Limited is an audio-video (AV) products distributor and designer of customized AV solutions for residential and corporate customers, operating across India with distribution partnerships for premium global brands including Denon, Polk, KEF, and JBL.
Established in 2006 as Advanced Audio Solutions (Bangalore) Private Limited, PRO FX Tech Limited operates in the distribution and retail of Audio-Video products including amplifiers, processors, speakers, subwoofers, turntables, and related cables. The company designs and implements customized AV solutions for home theaters, premium home automation, multi-room audio systems, and corporate solutions. With distribution rights from renowned global suppliers such as Denon, Polk, Definitive Technology, KEF, Theory, Pro Audio Technology, JBL, and Revel, the company serves affluent households and corporate entities. The company operates six showrooms and two experience centers across five cities (Bangalore, Mysore, Coimbatore, Chennai, and Kochi), supplemented by 28 service centers comprising 10 company-managed and 18 franchised facilities. Revenue grew from ₹9,578.39 lakhs in FY 2022-23 to ₹12,937.54 lakhs in FY 2024-25, with profit after tax reaching ₹1,223.75 lakhs in FY 2024-25.
Objects of the Issue
- Repayment of a portion of certain borrowing availed by our Company ₹150.00 lakhs p.22
- Funding capital expenditure towards setting-up of 3 new Showroom cum experience centres ₹746.57 lakhs p.22
- To meet Working Capital requirements ₹1,900.00 lakhs p.22
- General Corporate Purpose p.22
Issue Structure
- Total Issue
- upto ₹[●] lakhs
- Fresh Issue
- upto 46,32,000 Equity Shares of ₹10 each at ₹[●] per Equity Share
- Offer for Sale
- Nil
- Price Band
- ₹[●] to ₹[●] per Equity Share
- Lot Size
- [●] Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue through three primary verticals: (1) Distribution of AV products (72.65% of FY 2024-25 revenue) through a dealer network across India, (2) Retail sales through showrooms and experience centers (8.96% of revenue), (3) Corporate Solutions for boardrooms, retail spaces, F&B establishments, hospitals, and educational institutions (15.49% of revenue), and (4) Home Automation Solutions (2.90% of revenue). The company procures products from global manufacturers under distribution agreements and sells them through dealers, showrooms, and directly to corporate customers, providing installation, programming, and after-sales support services.
Business Segments
SWOT Analysis
- • Distribution rights with renowned global AV brands(p.109)
- • Wide geographical presence with dealer and retail network(p.110)
- • Extensive service infrastructure with 28 service centres(p.111)
- • Experienced management team with deep industry knowledge(p.112)
- • Consistent revenue and profitability growth(p.28)
- • Dependence on few global suppliers for distribution rights(p.27)
- • High working capital intensity requires significant funding(p.32)
- • Reliance on lease agreements without property ownership(p.30)
- • Proposed showroom locations not yet finalized(p.29)
- • Contingent liabilities of Rs. 149.80 lakhs(p.41)
- • Expansion into digital signage market segment(p.112)
- • Establishment of new experience centres in tier-1 and tier-2 cities(p.112)
- • Growth in home automation and IoT market in India(p.100)
- • E-commerce expansion to reach new customer segments(p.113)
- • Expansion of service network to underserved regions(p.113)
- • Termination or adverse modification of distribution agreements(p.27)
- • Intense competition from organized and unorganized players(p.34)
- • Supply chain disruptions and product availability risks(p.28)
- • Foreign currency exchange rate fluctuations(p.33)
- • Rapid technological changes and evolving consumer preferences(p.35)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Manmohan Ganesh | Promoter | 33.40% | 24.56% |
| Shreya Nambiar | Promoter | 35.00% | 25.74% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.