Prodocs Solutions IPO: 8.51% premium, recovers from dip to hit upper circuit

• Prodocs Solutions IPO listed on BSE SME at ₹149.75, an 8.51% premium over the ₹138 issue price.
• The share initially dipped to ₹141 but recovered to hit the upper circuit at ₹151.20, closing with a 9.57% gain.
• The ₹27.60 crore IPO was subscribed 2.66 times, with strong interest from NIIs (4.61x) and QIBs (1.59x).
• Funds from the IPO will be used for software development, IT equipment, debt reduction, working capital, and general corporate purposes.
• Prodocs Solutions, established in 2019, provides IT-enabled services like indexing, e-publishing, and litigation support, primarily to US and Australian clients.

Why It Matters: Prodocs Solutions IPO listing shows market volatility and potential gains for investors.