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Prostarm Info Systems IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates May 27 to May 29 2025
Price Band ₹105
Current GMP ₹120 (14.29%)
Subscription 96.68 times

IPO Details

IPO Date
May 27, 2025 to May 29, 2025
Listing Date
June 3, 2025
Face Value
₹10 per share
Issue Price
₹105 per share
Lot Size
142 Shares
Total Issue Size
1,60,00,000 shares (aggregating up to ₹168.00 Cr)
Fresh Issue
1,60,00,000 shares (aggregating up to ₹168.00 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
4,28,74,592 shares
Share Holding Post Issue
5,88,74,592 shares

IPO Subscription Details

Qualified Institutions
102.67
Non-Institutional Buyers
222.13
bNII (bids above ₹10L)
249.80
sNII (bids below ₹10L)
166.79
Retail Investors
39.48
Total **
96.68

Day Wise Sub

DayDay 1 May 27, 2025
QIB0.05
NII6.86
NII (> ₹10L)6.75
NII (< ₹10L)7.09
Retail4.25
Total3.61
DayDay 2 May 28, 2025
QIB1.03
NII27.29
NII (> ₹10L)25.98
NII (< ₹10L)29.91
Retail13.20
Total12.74
DayDay 3 May 29, 2025
QIB102.67
NII222.13
NII (> ₹10L)249.80
NII (< ₹10L)166.79
Retail39.48
Total96.68

Day Wise GMP

Date03-06-2025
Price105.00
GMP12(11.43%)
Estimate List Price117
Date02-06-2025
Price105.00
GMP12(11.43%)
Estimate List Price117
Date01-06-2025
Price105.00
GMP17(16.19%)
Estimate List Price122
Date31-05-2025
Price105.00
GMP17(16.19%)
Estimate List Price122
Date30-05-2025
Price105.00
GMP20(19.05%)
Estimate List Price125
Date29-05-2025
Price105.00
GMP20(19.05%)
Estimate List Price125
Date28-05-2025
Price105.00
GMP24(22.86%)
Estimate List Price129
Date27-05-2025
Price105.00
GMP25(23.81%)
Estimate List Price130
Date26-05-2025
Price105.00
GMP25(23.81%)
Estimate List Price130
Date25-05-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date24-05-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date23-05-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date22-05-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date21-05-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date20-05-2025
Price
GMP0(%)
Estimate List Price(%)

IPO Important Dates

IPO Open Date
Tue, May 27, 2025
IPO Close Date
Thu, May 29, 2025
Tentative Allotment
Fri, May 30, 2025
Initiation of Refunds
Mon, Jun 2, 2025
Credit of Shares to Demat
Mon, Jun 2, 2025
Tentative Listing Date
Tue, Jun 3, 2025
Cut-off time for UPI mandate confirmation
5 PM on May 29, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares142
Amount₹14,910
ApplicationRetail (Max)
Lots13
Shares1846
Amount₹1,93,830
ApplicationS-HNI (Min)
Lots14
Shares1,988
Amount₹2,08,740
ApplicationS-HNI (Max)
Lots67
Shares9,514
Amount₹9,98,970
ApplicationB-HNI (Min)
Lots68
Shares9,656
Amount₹10,13,880

Financial Information

Period EndedPeriod Ended
31 Dec 202431 Dec 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 2024230.04
31 Mar 2024203.05
31 Mar 2023155.39
Period EndedRevenue
31 Dec 2024270.27
31 Mar 2024259.23
31 Mar 2023232.35
Period EndedProfit After Tax
31 Dec 202422.11
31 Mar 202422.80
31 Mar 202319.35
Period EndedNet Worth
31 Dec 2024107.24
31 Mar 202484.30
31 Mar 202361.00
Period EndedReserves and Surplus
31 Dec 202464.37
31 Mar 202441.42
31 Mar 202318.13
Period EndedTotal Borrowing
31 Dec 202460.37
31 Mar 202443.47
31 Mar 202324.85

IPO Reservation

Investor CategoryAnchor Investor Shares Offered
Shares Offered48,00,000 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered48,00,032 (30.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered24,00,000 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered16,00,000 (10.00%)
Maximum Allottees804
Investor CategorysNII < ₹10L
Shares Offered8,00,000 (5.00%)
Maximum Allottees402
Investor CategoryRetail Shares Offered
Shares Offered56,00,000 (35.00%)
Maximum Allottees39,436
Investor CategoryTotal Shares Offered
Shares Offered1,60,00,000 (100%)
Maximum Allottees

Information about company

Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as "Power Solution Products." The company manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers. The company offers customised and standard products, produced in-house and through contract manufacturers. Additionally, they sell third-party batteries and provide reverse logistics, end-of-life disposal services for UPS systems and batteries, and other related products. The company also execute rooftop solar power plant projects in India on an EPC basis. The services of the company include installation, rental options, and after-sales support, such as warranty, post-warranty care, and Annual Maintenance Contracts (AMC), enhancing the value of our products for diverse customers. The company serves diverse industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas. The company's clientele includes the Airports Authority of India; Central Public Works Department, Patna Bihar; Public Works Department, New Delhi; West Bengal Public Health Engineering Department; West Bengal Electronic Industry Development Corporation Limited; Telangana State Technology Services Limited; Railtel Corporation of India Limited; and NTPC Vidyut Vyapar and Nigam Limited As of May 17, 2025, the company's operations are supported by 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India. As of March 31, 2025, the company employed a total of 423 permanent staff members and 19 individuals on a contractual basis. Competitive Strength Evolving product and service offerings for diverse industries. Established relationships with the customers and wide customer base Wide geographical presence and distribution network. Consistent track record of financial performance leading to strong balance sheet position. Experienced Promoters and senior management team with a committed employee base.

Objectives of IPO

The Company Prostarm Info Systems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (in Millions) 1 Funding working capital requirements of the Company. 725.00 2 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company 179.58 3 Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Disclaimer

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