The Indian IPO market continues to present diverse investment opportunities, and the upcoming PROFX Tech Ltd IPO is set to be a notable entry from the electronics, equipment, and components sector. This article aims to provide a clear and comprehensive guide for general consumers, industry experts, and potential investors, covering its key details, subscription trends, Grey Market Premium, and, importantly, its Shariah compliance status.
Understanding the specifics of companies operating in the electronics and components industry, along with their financial health and ethical considerations, is crucial for making informed investment decisions.
Table of Contents
About PRO FX Tech Ltd: Powering Connectivity and Entertainment
PRO FX Tech Ltd (PROFX) is engaged in the electronics, equipment, and components industry. The company operates through four core business segments: Distribution, Retail, Corporate Solutions, and Home Automation Solutions.
- Distribution: This is the largest segment, generating 72.65% of the total revenue in FY 2024-25. It involves supplying premium AV products across India through a network of dealers, showrooms, and experience centers, serving both residential and commercial markets.
- Corporate Solutions: Contributed 15.49% to the total revenue.
- Retail: Accounted for 8.96% of the total revenue.
- Home Automation Solutions: Contributed 2.90% to the total revenue.
PRO FX Tech’s business model revolves around bringing advanced audio-visual and home automation technologies to various markets, from individual consumers to large corporate clients. Their focus on premium products and a broad distribution network positions them within a growing segment of the electronics market.
PRO FX Tech IPO Snapshot: Key Details You Need to Know
The PRO FX Tech Ltd IPO is an NSE SME Bookbuilding issue. Here are its essential details, based on the tentative schedule:
- IPO Open Date: Thursday, June 26, 2025
- IPO Close Date: Monday, June 30, 2025
- Issue Price Band: ₹82 to ₹87 per equity share
- Face Value: ₹10 per share
- Sale Type: Fresh Capital
- Total Issue Size: 46,32,000 shares (aggregating up to ₹40.30 Crore)
- Reserved for Market Maker: 2,40,000 shares (aggregating up to ₹2.09 Crore) for Hem Finlease Private Limited
- Net Offered to Public: 43,92,000 shares (aggregating up to ₹38.21 Crore)
- Minimum Lot Size for Retail: 1,600 Shares (Amount: ₹1,39,200 at upper price band)
- Listing At: NSE SME
- Tentative Allotment: Tuesday, July 1, 2025
- Tentative Listing Date: Thursday, July 3, 2025
- Cut-off time for UPI mandate confirmation: 5 PM on June 30, 2025
(Source: Chittorgarh IPO Details – PRO FX Tech IPO)
Crucial Insight: Shariah Status of PRO FX Tech Ltd IPO
For investors committed to Islamic finance principles, the Shariah compliance of an investment is a primary consideration. Shariah law sets specific guidelines regarding permissible business activities and financial ratios, particularly concerning interest-bearing debt and revenue sources.
Based on our detailed screening, PRO FX Tech Ltd is categorized as “SHARIAH COMPLIANT.”
As indicated by the screening:
- The Business: Passes the Shariah screen. The company’s core activities in distribution, retail, corporate solutions, and home automation are deemed permissible.
- Impermissible income to total revenue: Is well within the acceptable Shariah thresholds.
- Interest-bearing debt to total assets: Is comfortably within the acceptable Shariah thresholds.
- Illiquid assets to total assets ratio: Is passing the criteria.
- Net liquid assets v market capitalisation & Non-Compliant Investments to Total Assets: Both pass the screening criteria.
The strong performance across all screening parameters makes PRO FX Tech Ltd a suitable option for investors seeking Shariah-compliant opportunities, as determined by platforms like our app, IslamicStock.
Understanding IPO Subscription Status
The subscription status of an IPO provides a real-time indication of the demand for the shares from various investor categories: Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
As of June 26, 2025, at around 06:00 PM (Day 1), the PRO FX Tech IPO Subscription Status (Bidding Detail) is as follows:
- QIB: 3.55 times subscribed
- NII: 0.95 times subscribed
- Retail: 0.16 times subscribed
- Total: 1.30 times subscribed
- Total Applications: 174
(Source: Chittorgarh IPO Subscription – PRO FX Tech)
On Day 1, the IPO has seen significant interest from Qualified Institutional Buyers (QIBs) already. While Retail and NII segments are yet to be fully subscribed, the overall IPO is oversubscribed, indicating healthy demand. Monitoring this status daily throughout the bidding period is essential to gauge overall investor interest.
Grey Market Premium (GMP) Insights
The Grey Market Premium (GMP) is an unofficial, speculative price at which IPO shares trade before their official listing on the stock exchange. It serves as an early, unofficial indicator of market sentiment, reflecting the premium (or discount) over the IPO’s issue price that investors are willing to pay in the unofficial market.
For the PRO FX Tech Ltd IPO, the current GMP is:
- PRO FX Tech IPO GMP Today (June 26, 2025): ₹– (0.00%)
Important Note: GMP is not an official indicator. It is highly speculative, unregulated, and can change drastically based on market news, sentiment, and other factors. A GMP of zero indicates no significant premium or discount in the unofficial market at the moment. It should only be used as a very rough guide and not as a guarantee of listing performance. Investors should always base their decisions on thorough research of the company’s fundamentals, financials, and the overall market.
Making an Informed Investment Decision
Investing in an upcoming IPO requires careful consideration. For the PRO FX Tech Ltd IPO, potential investors should review several factors:
- Company Fundamentals: Thoroughly evaluate PROFX’s business model, financial performance, growth strategies, and competitive landscape within the electronics and components sector.
- Industry Outlook: Assess the prospects of the electronics industry, including technological advancements, consumer demand, and supply chain dynamics.
- IPO Valuations: Assess if the IPO price band offers a reasonable valuation compared to its peers and industry growth potential.
- Risk Factors: Understand the specific risks detailed in the company’s Red Herring Prospectus (RHP), particularly those related to market competition, technology obsolescence, and supply chain management.
- Shariah Compliance: For investors strictly adhering to Shariah principles, the “Shariah Compliant” status is a key positive factor, indicating alignment with Islamic investment guidelines.
Disclaimer
This article is for informational and educational purposes only and should not be considered financial advice. IPO investments carry inherent risks, and there is no guarantee of returns. Readers are strongly encouraged to conduct their own due diligence, consult with a SEBI-registered financial advisor, and carefully read the Red Herring Prospectus (RHP) before making any investment decisions. The information on Shariah compliance is based on the provided screening and common interpretations of Islamic finance principles.
To learn more about IPOs, detailed company analyses, and Shariah-compliant investment options, visit our website at IslamicStock Website, explore insightful articles on our blog at IslamicStock Blog, and download our application, IslamicStock, for in-depth screenings and investment guidance.