Bookbuilding IPO | ₹168 Cr | Listed at BSE, NSE | Tue, May 27, 2025 - Thu, May 29, 2025
Prostarm Info Systems IPO is a book build issue of ₹168.00 crores. The issue is entirely a fresh issue of 1.60 crore shares of ₹168.00 crore.
Prostarm Info Systems IPO bidding started from May 27, 2025 and ended on May 29, 2025. The allotment for Prostarm Info Systems IPO was finalized on May 30, 2025. The shares got listed on BSE, NSE on Jun 3, 2025.
Prostarm Info Systems IPO price band is set at ₹105 per share. The lot size for an application is 142. The minimum amount of investment required by an retail is ₹14,910 (142 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,988 shares), amounting to ₹2,08,740, and for bNII, it is 68 lots (9,656 shares), amounting to ₹10,13,880.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Prostarm Info Systems IPO RHP for detailed Information.
IPO Open
Tue, May 27, 2025
IPO Close
Thu, May 29, 2025
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹618.18 Cr
| IPO Date | 27 to 29 May, 2025 |
| Listed on | Tue, Jun 3, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 142 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,60,00,000 shares (agg. up to ₹168 Cr) |
| Fresh Issue | 1,60,00,000 shares (agg. up to ₹168 Cr) |
| Share Holding Pre Issue | 4,28,74,592 shares |
| Share Holding Post Issue | 5,88,74,592 shares |
| BSE Script Code / NSE Symbol | 544410 / PROSTARM |
| ISIN | INE0BX301013 |
Prostarm Info Systems IPO offers total 1,60,00,000 shares. Out of which 80,00,000 (50.00%) allocated to QIB, 32,00,000 (20.00%) allocated to QIB (Ex- Anchor), 24,00,000 (15.00%) allocated to NII 56,00,000 (35.00%) allocated to RII and 48,00,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 80,00,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 48,00,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 32,00,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 24,00,000 (15.00%) | NA |
| − bNII > ₹10L | 16,00,000 (10.00%) | 804 |
| − sNII < ₹10L | 8,00,000 (5.00%) | 402 |
| Retail Shares Offered | 56,00,000 (35.00%) | 39,436 |
| Total Shares Offered | 1,60,00,000 (100.00%) |
Investors can bid for a minimum of 142 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 142 | ₹14,910 |
| Retail (Max) | 13 | 1,846 | ₹1,93,830 |
| S-HNI (Min) | 14 | 1,988 | ₹2,08,740 |
| S-HNI (Max) | 67 | 9,514 | ₹9,98,970 |
| B-HNI (Min) | 68 | 9,656 | ₹10,13,880 |
Prostarm Info Systems IPO raises ₹50.40 crore from anchor investors. Prostarm Info Systems IPO Anchor bid date is May 26, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, May 26, 2025 |
| Shares Offered | 48,00,000 |
| Anchor Portion (₹ Cr.) | 50.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jun 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Aug 28, 2025 |
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
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 230.04 | 203.05 | 155.39 | 98.03 |
| Total Income | 270.27 | 259.23 | 232.35 | 172.05 |
| Profit After Tax | 22.11 | 22.80 | 19.35 | 10.87 |
| EBITDA | 35.89 | 36.62 | 29.15 | 16.57 |
| NET Worth | 107.24 | 84.30 | 61.00 | 40.95 |
| Reserves and Surplus | 64.37 | 41.42 | 18.13 | 31.87 |
| Total Borrowing | 60.37 | 43.47 | 24.85 | 3.21 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company. | 72.50 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company | 17.96 |
| 3 | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. | 54.48 |
| Total | 144.94 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 31.41% |
| ROCE | 32.41% |
| Debt/Equity | 0.51 |
| RoNW | 32.09% |
| PAT Margin | 8.85% |
| EBITDA Margin | 14.20% |
| Price to Book Value | 5.34 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.32 | 5.01 |
| P/E (x) | 19.75 | 20.97 |
| Promoter Holding | 100% | 72.82% |
| Market Cap | ₹618.18 Cr. |
The Prostarm Info Systems IPO is subscribed 96.68 times on May 29, 2025 6:13:35 PM (Day 3). The public issue subscribed 39.48 times in the retail category, 102.67 times in the QIB category, and 222.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 102.67 | 32,00,000 | 32,85,44,690 |
| NII | 222.13 | 24,00,000 | 53,31,06,624 |
| bNII (bids above ₹10L) | 249.80 | 16,00,000 | 39,96,81,294 |
| sNII (bids below ₹10L) | 166.78 | 8,00,000 | 13,34,25,330 |
| Retail | 39.48 | 56,00,000 | 22,11,12,744 |
| Total | 96.68 | 1,12,00,000 | 1,08,27,64,058 |
Total Application : 17,54,408
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including underwriting commissions, brokerage and selling commission) | 15.80 |
| 2 | Advertising and marketing expenses | 1.23 |
| 3 | Fees payable to the Legal Advisors to the Issue | 0.36 |
| 4 | Fees to the Registrar to the Issue | 0.26 |
| 5 | Fees payable to the Regulators including stock exchanges | 0.82 |
| 6 | Printing and distribution of issue stationary | 0.15 |
| 7 | Brokerage and selling commission payable to Syndicate, Registered Brokers; Processing fees to SCSBs for ASBA applications; Processing fees to Issuer banks for UPI mechanism | 2.42 |
| 8 | Others (industry report, monitoring agency, auditor’s fees, other professional fees etc.) | 2.01 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹105.00 | ₹105.00 |
| Open | ₹125.00 | ₹120.00 |
| Low | ₹120.00 | ₹120.00 |
| High | ₹130.00 | ₹126.00 |
| Last Trade | ₹126.25 | ₹126.00 |
Lead Manager Reports
Prostarm Info Systems IPO is a main-board IPO of 1,60,00,000 equity shares of the face value of ₹10 aggregating up to ₹168 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 142.
The IPO opens on Tue, May 27, 2025, and closes on Thu, May 29, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Prostarm Info Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Prostarm Info Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prostarm Info Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prostarm Info Systems IPO opens on Tue, May 27, 2025 and closes on Thu, May 29, 2025.
Prostarm Info Systems IPO lot size is 142, and the minimum amount required for application is ₹14,910.
You can apply in Prostarm Info Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Prostarm Info Systems IPO will be done on Friday, May 30, 2025, and the allotted shares will be credited to your demat account by Mon, Jun 2, 2025. Check the Prostarm Info Systems IPO allotment status.
The Prostarm Info Systems IPO listing date is on Tue, Jun 3, 2025.
