Prostarm Info Systems IPO was subscribed 96.68 times on the last day, while the retail quota was subscribed 39.48 times, QIB subscribed 102.67 times, and NII quota subscribed 222.13 times respectively.
Details About Prostarm Info Systems IPO
Prostarm Info Systems got approval from SEBI for an IPO of ₹168 crores, which is entirely a fresh issue of ₹168 crores to raise funds and maintain financial stability. The face value of each share was ₹10.
Moreover, the company has set up a price band between ₹95 to ₹105 per share. In this IPO a total of 142 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 1846 shares in 13 lot sizes. S-HNI (Min) has a total of 1988 shares in 14 lot sizes, while B-HNI Minimum has a total of 9,656 shares available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,910 and maximum investment of ₹1,93,830.
- Small HNI (S-HNI): Minimum investment of ₹2,08,740.
- Big HNI (S-HNI): Minimum investment of ₹10,13,880.
Subscription duration of the Prostarm Info Systems IPO
The opening date of the Prostarm Info Systems IPO subscription was May 27, 2025, and the close date was May 29,2025. The Prostarm Info Systems IPO allotment was finalized on May 30, 2025, and the IPO listing is on June 3 2025.
Funds Deployment of This Company
- The proceeds raised from the fresh issue will be used to handle the capital requirements of our Company.
- Some funds will be used for the Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
- Some proceeds are acquired by further stake of our Subsidiary to make it a wholly owned subsidiary.
- To handle the inorganic growth through unidentified acquisitions and other strategic initiatives
- Lastly, the remaining funds will be utilized for the company’s general business needs.
About Prostarm Info Systems IPO
One of the leading businesses to offer high-quality power conditioning equipment, Prostarm Info Systems, founded January 2008, focuses on creating, assembling, selling, and servicing of power equipment. Power Solutions products including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers are manufactured by the Prostam Info System Limited. Additionally, to meet the requirements of its various customers and to enhance the lifespan of its products, the company also offer services like installation, rental options, and after-sales support, such as warranty, post-warranty care, and Annual Maintenance Contracts (AMC) serving diverse industries of healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas. Prostarm Info Systems is helped by 22 branch offices and 2 storage facilities across 17 states and 1 union territory in India.
Prostarm Info Systems IPO Financial Background
The
company
reported
revenue
of
₹259.23
crores
in
2024
against
₹232.35
crore
in
2023.
The
company
reported
profit
of
₹22.83
crores
in
2024
against
profit
of
₹19.35
crores
in
2023.
