Prodocs Solutions Limited began trading on the BSE SME platform with a positive start, as its shares were listed at a premium over the IPO issue price. The stock opened at ₹144 per share, compared with the issue price of ₹138, giving investors a gain of a little over 4 percent on listing day.
Buying interest remained strong after the opening. Within a short time, the share price rose further and reached the 5 percent upper circuit, which is the maximum price increase allowed for the day on the SME platform. Once the upper circuit was hit, the stock remained locked at that level, showing continued demand from investors.
The Prodocs Solutions IPO was open for subscription between December 8 and December 10. Shares were offered in a price band of ₹131 to ₹138, and the company raised around ₹27.6 crore through the public issue. The IPO received a good response and was subscribed close to three times, reflecting healthy interest from retail and other investors.
Prodocs Solutions is an IT-enabled services (ITES) and business process outsourcing (BPO) company. It mainly provides non-voice services, which do not involve customer calls. Its services include data processing, indexing, e-publishing, title search work, and support services related to legal and financial processes. The company largely serves overseas clients, especially in the United States and Australia, while its operational work is carried out from India.
The company’s financial performance has shown improvement in recent years. As per its disclosures, Prodocs Solutions reported a net profit of ₹5.11 crore in FY25. While revenue growth has been steady rather than rapid, better control over costs has helped improve profitability and strengthen the balance sheet.
Funds raised through the IPO will be used for several purposes. These include upgrading technology systems, developing software capabilities, meeting working capital needs and repaying some existing borrowings. The company believes these investments will help improve efficiency and support future growth.
Market experts said the positive listing performance indicates that investors continue to show interest in SME IPOs with stable operations and improving financials. Despite mixed conditions in the broader stock market, Prodocs Solutions’ debut highlights sustained confidence in well-managed small and medium-sized companies entering the public markets.
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