PRO FX Tech Gears Up for Rs 40.30 Crore IPO on NSE SME Platform
By ScanX News Team
PRO FX Tech is launching its Initial Public Offering (IPO) to raise Rs 40.30 crore. The IPO comprises 46.32 lakh fresh equity shares with a price band of Rs 82.00 to Rs 87.00 per share. The subscription period is from June 26 to June 30, 2025. Funds will be used for debt repayment, working capital, and new showrooms. The company will list on the NSE SME Platform, with the tentative listing date set for July 3, 2025.
*this image is generated using AI for illustrative purposes only.
PRO FX Tech, a company poised to enter the public market, has announced the launch of its Initial Public Offering (IPO) set to open on June 26, 2025. The company aims to raise Rs 40.30 crore through this fresh equity offering, marking a significant milestone in its corporate journey.
IPO Details
The IPO comprises 46.32 lakh fresh equity shares, with a price band set between Rs 82.00 to Rs 87.00 per share. Investors will have a five-day window to participate in the offering, as the subscription period closes on June 30, 2025.
Key Dates
| Event | Date |
|---|---|
| Subscription Period | June 26 - June 30, 2025 |
| Expected Allotment Date | July 1, 2025 |
| Tentative Listing Date | July 3, 2025 |
| Listing Venue | NSE SME Platform |
Utilization of Funds
PRO FX Tech has outlined clear objectives for the utilization of the IPO proceeds. The company plans to allocate the funds towards:
- Debt repayment
- Working capital requirements
- Setting up new showrooms
This strategic allocation of funds suggests that PRO FX Tech is focusing on strengthening its financial position while also expanding its physical presence in the market.
SME Platform Listing
The company's decision to list on the NSE SME platform is noteworthy. This platform is designed to provide smaller companies with access to capital markets, offering them an opportunity to raise funds and gain visibility among investors.
For potential investors, it's crucial to carefully review the company's prospectus and consider the risks associated with investing in SME stocks before making any investment decisions. As always, it's advisable to consult with a financial advisor to understand the suitability of this investment in one's portfolio.
The success of PRO FX Tech's IPO and its subsequent performance on the NSE SME platform will be closely watched by market participants, as it could provide insights into investor appetite for new listings in the SME sector.
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