PRO FX Tech IPO Listings: Professional FX Tech, an organization offering audio-visual answers, made a powerful access at the NSE SE SE SMI platform on Thursday 3 July. The corporate’s stocks had been indexed at Rs 95 with a top class of 9.20% in comparison to the Rs 87 IPO worth. On the other hand, the list pale a little bit in comparison to the expectancies noticed within the grey marketplace. Earlier than the list, its grey marketplace top class (GMP) was once operating at Rs 13, which was once anticipating an inventory achieve of about 15%.
IPO will get super reaction
Professional FX Tech’s IPO opened on 26 June and closed on 30 June. It was once an absolutely recent factor during which 46.32 lakh fairness stocks had been issued. The dimensions of this IPO was once round Rs 40.5 crore. The IPO won super reaction from certified Institutional Patrons (QIBS), Top Internet Price Folks (HNIS), and retail buyers. At the final day it was once closed with greater than 25 instances subscription.
Use of price range
The corporate will use the volume raised from this IPO to pay a few of its debt, determine 3 new revel in facilities and to satisfy operating capital wishes. Hem was once within the position of the lead supervisor on this IPO and Hem Finlies was once appointed as a marketplace maker.
Corporate Creation
Professional FX Tech, established within the 12 months 2006, is an organization focusing on the provision and set up of top-end audio-visual (AV) merchandise and customized house theater answers. It distributes merchandise of worldwide manufacturers like JBL, POLK, and Denon in India.
PAN India is in presence of the corporate. Towns like Mumbai, Bangalore and Chennai have 7 showrooms and a pair of revel in facilities. It has a group of 104 staff, of which 49 gross sales and 43 are related to technical toughen.
monetary efficiency
The corporate carried out brilliantly in FY 2024-25. Its income rose 17 % to Rs 130.05 crore on an annual foundation all through this era. On the similar time, the corporate’s internet benefit rose 30% to Rs 12.24 crore all through this era.
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