Prostarm Info Systems IPO
Open MainLineCurrent GMP
₹12 (+11.43%)
Price Band
₹ 95 – 105
Lot Size
142
Issue Size
₹168 Cr
Minimum Investment
₹14910 (142 Shares)
Listing Date
03 June 2025
Subscription
97.2x
About the Company
Prostarm Info Systems Limited, incorporated in 2008, is an Indian company engaged in the design, manufacturing, assembly, sale, and service of energy storage and power conditioning equipment. The company offers a wide range of Power Solution Products, including UPS systems, inverter systems (including lift and solar hybrid variants), lithium-ion battery packs, servo-controlled voltage stabilizers (SCVS), isolation transformers, and related products. In addition to in-house manufacturing, Prostarm also sources products through third-party contract manufacturers in India and China. It offers both standard and customized solutions, catering to a broad customer base across sectors such as banking, finance, healthcare, education, defense, IT, aviation, and renewable energy.
The company has significantly diversified its offerings over the years and expanded into the engineering, procurement, and construction (EPC) segment, focusing on rooftop solar photovoltaic (PV) power projects. As of December 31, 2024, Prostarm has commissioned more than 10.56 MW of rooftop solar PV capacity across 200+ sites. It also provides operations and maintenance services to ensure long-term performance and reliability of its installations. The company’s comprehensive after-sales service portfolio includes installation, rental services, annual maintenance contracts (AMCs), and warranty support.
Prostarm operates three manufacturing units in Maharashtra—two in Pune and one in Navi Mumbai—with infrastructure capable of supporting end-to-end production processes. The company has a strong pan-India presence, supported by 21 branch offices, two storage facilities, and a nationwide network of 360 to 539 dealers and distributors over the last three financial years. It has built long-standing relationships with over 700 customers in FY 2024, with around 40% of its customer base maintaining relationships for at least three years. Its clientele includes several government and public sector entities such as Airports Authority of India, Railtel Corporation, and NTPC Vidyut Vyapar Nigam Limited.
To enhance technological capabilities, Prostarm has acquired technology know-how from firms like Aarcchor Innovations and Transfield Transformers and has secured rights from the Automotive Research Association of India (ARAI) to use Battery Management System (BMS) technology. The company’s facilities are certified under multiple international standards, including ISO 9001, ISO 14001, ISO 45001, ISO 50001, and TL 9000, and its products carry Bureau of Indian Standards (BIS) certifications.
Led by Promoter Director and CEO Ram Agarwal, who has over 16 years of experience in the power solutions industry, Prostarm continues to focus on quality, innovation, and expanding its manufacturing capabilities under the ‘Make in India’ initiative. Its experienced leadership and robust operational infrastructure position the company as a trusted and comprehensive power solutions provider in India.
Promoters
- Ram Agarwal
- Sonu Ram Agarwal
- Vikas Shyamsunder Agarwal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The net proceeds of the Issue, i.e. gross proceeds of the Issue less the issue expenses to the extent applicable to
the Issue (“Net Proceeds”) are proposed to be utilized for the following objects:
- Funding working capital requirements of our Company;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes
Address / Contact Info
Prostarm Info Systems Limited
Plot No. EL 79, Electronic Zone,
TTC, MIDC, Mahape,
Navi Mumbai, Thane – 400710,
Maharashtra
Phone: 022 4528 0500
Email: cs@prostarm.com
Website: https://prostarm.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 27 May 2025
IPO Close Date
Thursday, 29 May 2025
Basis of Allotment
Friday, 30 May 2025
Initiation of Refunds
Monday, 02 June 2025
Credit of Shares to Demat
Monday, 02 June 2025
Listing Date
Tuesday, 03 June 2025 — NSE & BSE
Important Dates
Open Date
27 May 2025
Close Date
29 May 2025
Basis Of Allotment
30 May 2025
Listing Date
03 June 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 230.04 | 203.05 | 155.39 | 98.03 |
| Revenue | 270.27 | 259.23 | 232.35 | 172.05 |
| Profit After Tax | 22.11 | 22.8 | 19.35 | 10.87 |
| Net Worth | 107.24 | 84.3 | 61 | 40.95 |
| Reserve & Surplus | 64.37 | 41.42 | 18.13 | 31.87 |
| Total Borrowings | 60.37 | 43.47 | 24.85 | 3.21 |
EPS Pre
5.32%
EPS Post
5.01%
P/E Pre
19.75
P/E (Post Issue)
20.97x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 31.41 |
| ROCE % | 32.41 |
| Debt / Equity | 0.51 |
| RoNW % | 32.09 |
| PbW | 0 |
| Pat Margin % | 8.85 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 4800000 | 30 | 0 |
| Qualified Institutions | 4800032 | 30 | 0 |
| Non-Institutional | 2400000 | 15 | 0 |
| BNII | 1600000 | 10 | 0 |
| SNII | 800000 | 5 | 0 |
| Retail Investors | 5600000 | 35 | 0 |
| Total | 16000000 | 100 | 0 |
Subscription Status ( Thu, 29 May 25 01:32 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Total | 11200000 | 1088641296 | 97.2x |
| Qualified Institutions | 3200000 | 334354194 | 104.49x |
| Non-Institutional | 2400000 | 533128918 | 222.14x |
| BNII | 1600000 | 399681294 | 249.8x |
| SNII | 800000 | 133447624 | 166.81x |
| Retail Investors | 5600000 | 221158184 | 39.49x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 142 | 14,910.00 |
| Retail (Max) | 13 | 1,846 | 193,830.00 |
| S-HNI (Min) | 14 | 1,988 | 208,740.00 |
| S-HNI (Max) | 67 | 9,514 | 998,970.00 |
| B-HNI (Min) | 68 | 9,656 | 1,013,880.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Choice Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Prostarm Info Systems IPO is a Book-building IPO worth ₹168 crores. The price band is ₹95 to 105 per share. The IPO opens on Tue, May 27, 2025 and closes on Thu, May 29, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Prostarm Info Systems IPO opens on Tue, May 27, 2025 and closes on Thu, May 29, 2025
Prostarm Info Systems IPO Price Band is ₹95 to 105.
Prostarm Info Systems IPO lot size is 142, and the minimum amount required for application is ₹14910.
The minimum investment for Prostarm Info Systems IPO is approximately ₹14910 based on the upper price band.
To apply for the Prostarm Info Systems IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, May 29, 2025. After submission, funds are blocked until the basis of allotment of Prostarm Info Systems IPO is finalised.
Prostarm Info Systems IPO issue size is ₹168 crores.
Prostarm Info Systems IPO allotment date is Sat, Jun 27, 2026.
The registrar for Prostarm Info Systems IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Prostarm Info Systems IPO through their official website or helpline.
The Prostarm Info Systems IPO GMP (Grey Market Premium) is ₹12 as of Tue, Jun 3, 2025. Based on the upper price band of ₹105 per share, the estimated Prostarm Info Systems IPO listing price is ₹117, indicating a potential listing gain of approximately 31% over the issue price.