Navi Mumbai-based Prostarm Info Systems is permitted by SEBI for an IPO on Wednesday. Moreover, this IPO is a totally fresh issue of up to Rs 1,60,000 Cr equity shares along with a face value of Rs 10 for each share.
According to sources, this IPO will take a position on BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
As per Prostarm Info Systems DRHP, the company has a plan to use fresh issues appropriately for the company’s benefits are below the line.
The company will utilize funds behind working capital needs, some of the money would be allocated to the existing debt means, prepaying or repaying specific outstanding debts, also money would go for the company’s expansion, implementing strategic initiatives, and covering general corporate expenses.
Prostarm Info Systems has set lead managers to Choice Capital Advisors Private Limited, and KFin Technologies Ltd is taking the position of registrar.
Prostarm Info Systems was established in 2008, and it is headquartered in Thane. Since its founding, it has started a total of three manufacturing facilities in the state of Maharashtra, 22 offices, and 2 storage facilities across 17 states and one union territory in India.
It‘s involved in the business of power solution products with the ‘Prostarm’ brand, including UPS systems, inverters, solar hybrid inverters, and lithium-ion battery packs. Apart from that, Prostarm Info Systems offers services like, rooftop solar EPC and A&M solutions.
FY 2024 has, 700 clients named are, Tata Power, Bajaj Finance, Larsen & Toubro. Financially, Net profit was 22.8 Cr, surged 18% in 2024, while in FY 2023 had ₹19.3 crore.
Prostarm Info Systems IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Prostarm Info Systems Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹172.05 | ₹157.08 | ₹10.87 |
| 2023 | ₹232.35 | ₹206.16 | ₹19.35 |
| 2024 | ₹259.23 | ₹228.28 | ₹22.83 |
Prostarm Info Systems IPO Valuation – FY2024
Prostarm Info Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.44 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.12% |
| Net Asset Value (NAV): | ₹19.67 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Servotech Power System Limited | 0.54 | 314.55 | 10.50 | 6.54 | 353.68 Cr. |
| Sungarner Energies Limited | 5.22 | 152.68 | 16.78 | 41.32 | 17.69 Cr. |
Objects of the Issue
- Funding working capital requirements of our Company;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company;
- Acquisition of further stake of our Subsidiary to make it a wholly owned subsidiary; and
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes
IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Private Limited
