PRO FX Tech IPO Allotment Status & GMP – Here’s How to Check Yours
So, What’s the Deal with This IPO?
Alright, let’s break this down. The PRO FX Tech IPO closed on June 30, 2025, and honestly, it got way more attention than anyone expected. People are buzzing about it—kind of like how everyone suddenly cares about cricket during the World Cup. Now, if you’ve applied, you’re probably refreshing your browser every five minutes waiting for allotment results. And that Grey Market Premium (GMP) everyone’s talking about? Yeah, that matters too. Here’s the lowdown on how to check your status and what GMP even means.
1. PRO FX Tech IPO: The Basics
1.1 Who Are These Guys?
PRO FX Tech is one of those fintech startups that popped up a few years back—you know, the kind that makes you think, “Why didn’t I come up with that?” They use AI for forex and payment stuff, and business is booming. Last year, their revenue shot up by 42%. The IPO? ₹1,200 crore, with shares priced between ₹340 and ₹360. About ₹900 crore is fresh money going into the company, and the rest is early investors cashing out.
1.2 How Crazy Was the Demand?
Let me put it this way: the IPO was oversubscribed 18.6 times overall. Retail investors went for it 12.3 times over, but the big players—QIBs—really drove the hype at 24.8 times. Even the NIIs (that’s high-net-worth folks) subscribed 15.2 times. Basically, everyone wanted a piece of this.
2. When Will You Know If You Got Shares?
2.1 The Waiting Game
SEBI says allotment should happen by July 5, 2025. If you didn’t get any shares (fingers crossed you did), refunds start rolling out by July 8. Successful applicants? Your Demat accounts should show the shares by July 9.
2.2 Mark Your Calendar
The stock will probably hit BSE and NSE around July 12—assuming the regulators don’t throw a curveball.
3. How to Check Your Allotment Status (Without Losing Your Mind)
3.1 The Registrar’s Website
- Head over to KFintech’s site—yeah, it looks like it hasn’t been updated since 2010, but it works.
- Click on “PRO FX Tech IPO” under the ‘IPO Status’ tab.
- Type in your PAN or application number. Pro tip: Keep your PAN card handy because who actually memorizes that?
- Boom. There’s your status.
3.2 BSE/NSE Route
Or, if you’re feeling fancy, check BSE or NSE. Same deal—look for ‘IPO Status’ and enter your application number.
3.3 Broker Notifications
If you used Zerodha, Upstox, or any other broker, they’ll probably email or text you. But let’s be real—you’ll check manually anyway because trust issues.
4. Grey Market Premium (GMP): The Unofficial Crystal Ball
4.1 GMP Explained
Okay, so GMP is like the black market for IPO shares before they officially list. If the GMP is ₹50, it means people are willing to pay ₹410 for a share that cost ₹360 in the IPO. Not bad, right? But here’s the catch—it’s unofficial. So take it with a grain of salt.
4.2 What’s the GMP Saying Now?
As of July 2, GMP was ₹62—that’s a 17.2% premium. People are clearly expecting a strong debut. But remember, GMP changes faster than Mumbai weather.
4.3 Where to Track GMP
Check sites like IPO Watch or your broker’s research notes. Just don’t bet your life savings on it.
5. What to Do After Allotment
5.1 If You Got Shares
Your Demat account will show them by July 9. Now, the million-rupee question: hold or sell? Depends on the listing price and whether you believe in the company long-term.
5.2 If You Didn’t Get Any
Refunds hit your account by July 10. If you used ASBA, check your UPI mandate—sometimes banks take their sweet time.
5.3 Listing Day Strategy
If you’re looking to cash in quick, set a limit order—maybe 10-15% above the IPO price. But if you’re in it for the long haul, maybe wait for the first quarterly results. Patience pays. Sometimes.
6. FAQs (Because Everyone Asks the Same Things)
6.1 When’s the allotment happening?
By July 5. Check registrar or broker sites in the evening—they’re never on time.
6.2 What if there’s a mistake in my allotment status?
Email KFintech at help@kfintech.com with your application details. Good luck getting a quick reply.
6.3 Can I sell on listing day?
Absolutely. But keep an eye on GMP and market mood—don’t be that guy who panics and sells at the bottom.
6.4 Is GMP reliable?
It’s a hint, not a guarantee. Remember LIC’s IPO? GMP tanked right before listing. So yeah, don’t put all your faith in it.
Final Thoughts
Allotment results are coming soon, so stay glued to official channels. GMP looks promising, but do your homework—check the company’s fundamentals before making moves. Bookmark this page if you want updates, and here’s hoping PRO FX Tech’s algorithms are as sharp as your investment decisions!
Source: Livemint – Markets
