New Delhi, Dec. 8 -- 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 Rs.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 Rs.7.70 crore from anchor investors by allotting 5.58 lakh shares at a price of Rs.138 per share. On Friday, December 5, the company allotted 3.40 lakh shares, or 60.93% of the anchor investor portion, to Lords Multigrowth Fund for Rs.4.69 crore and 2.18 lakh shares, or 39.07% of the anchor investor portion, to 31 Degrees North Fund for Rs.3.01 crore.

By 1:40 PM on Monday, the i...