Prodocs Solutions shares listed strongly on BSE SME today, opening at a 4% premium over the ₹138 issue price and quickly hitting the upper circuit amid robust investor interest. The ₹27.6 crore SME IPO, subscribed 2.66 times, reflects confidence in the company's digital solutions growth. Listing date aligns with December 15 schedule post-allotment.
Listing Details
Prodocs Solutions IPO opened for bidding December 8-10 at ₹131-138 per share, with allotment finalized December 11 and demat credits December 12. Shares debuted at around ₹143 (4% gain), extending to upper circuit limits, signaling positive market reception for this fresh issue plus offer-for-sale of 20 lakh shares. The firm specializes in IT services, boasting revenue of ₹42.78 Cr and PAT of ₹5.11 Cr.
Key Highlights
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Debut Performance: Opened at 4% premium (₹143 est.), hit upper circuit swiftly on BSE SME.
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IPO Specs: ₹27.6 Cr size; lot size 1,000 shares (min ₹1.38 lakh); face value ₹10.
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Subscription: 2.66x overall, driving listing gains.
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Timeline: Bids Dec 8-10; allotment Dec 11; listing today, Dec 15.
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Financials: Strong margins (11.94% PAT); GMP indicated flat-to-modest debut.
Sources: StockGro, Chittorgarh, Moneycontrol, IPOWatch