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Prodocs Solutions IPO day 1: GMP, subscription status, price band, other details of BSE SME IPO

Prodocs Solutions IPO day 1: The initial public offering (IPO) of IT-enabled services company Prodocs Solutions opened for subscription on Monday, December 8. The SME IPO is a book build issue of ₹27.60 crore, which combines a fresh issue of up to 16,00,000 shares and an offer for sale (OFS) of up to 4,00,000 shares. Meanwhile, ahead of the IPO, the company has raised ₹7.70 crore from anchor investors by allotting 5.58 lakh shares at a price of ₹138 per share.

Prodocs Solutions IPO day 1: GMP, subscription status, price band, other details of BSE SME IPO

Credit: Livemint

Key Highlights

  • On Friday, December 5, the company allotted 3.40 lakh shares, or 60.93% of the anchor investor portion, to Lords Multigrowth Fund for ₹4.69 crore and 2.18 lakh shares, or 39.07% of the anchor investor portion, to 31 Degrees North Fund for ₹3.01 crore.
  • By 1:40 PM on Monday, the issue had seen an overall subscription of 0.24 times, with the retail portion booked 0.04 times, and the segment reserved for NIIs subscribed to 0.81 times.
  • QIB's portion had not seen any subscription till that time.
  • 1.
  • Prodocs Solutions IPO GMP: According to market sources, the latest grey market premium (GMP) of Prodocs Solutions shares was nil.
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Sources

  1. Prodocs Solutions IPO day 1: GMP, subscription status, price band, other details of BSE SME IPO

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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