New Delhi, Dec. 15 -- Shares of Prodocs Solutions listed at a premium of over 4% on the BSE SME on Monday, December 15, in an otherwise weak market. Prodocs Solutions shares were listed at Rs.144, up 4.35% compared to the issue price of Rs.138. The SME stock extended gains to hit the 5% upper circuit of Rs.151.20. Around 10:25 am, the stock was at its upper circuit level, while the benchmark Sensex was 0.26% down at 85,049.

The SME IPO was listed above grey market expectations, as the last grey market premium (GMP) for Prodocs Solutions shares was nil, indicating that the stock would list at par with the issue price.

Prodocs Solutions is engaged in the IT-enabled services (ITES/BPO) business, primarily operating in the non-voice BPO seg...