Prostarm Info Systems IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 27 May 2025
Close Date
Thu, 29 May 2025
Price Band
₹ 95 – 105
Lot Size
142
Issue Size
₹ 168.00 Cr
Minimum Investment
₹ 14,910 (142 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Prostarm Info Systems IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹168.00 Crore, comprising a fresh issue of 1.60 Crore equity shares aggregating to ₹168.00 Crore.
The Prostarm Info Systems IPO remained open for subscription from May 27, 2025, to May 29, 2025. The basis of allotment was finalized on May 30, 2025, and the company's shares were listed on the NSE and BSE on June 03, 2025.
The company had fixed the price band at ₹95 to ₹105 per share, with a lot size of 142 shares. Retail investors were required to make a minimum investment of ₹14,910 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Choice Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Prostarm Info Systems Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Prostarm Info Systems IPO Timeline (Tentative)
- IPO Open Date
- Tue, 27 May 25
- IPO Close Date
- Thu, 29 May 25
- Basis of Allotment
- Fri, 30 May 25
- Initiation of Refunds
- Mon, 02 Jun 25
- Credit of Shares to Demat
- Mon, 02 Jun 25
- Listing Date
- Tue, 03 Jun 25 — NSE & BSE
Open Date
27 May 2025
Close Date
29 May 2025
Basis Of Allotment
30 May 2025
Listing Date
03 June 2025
IPO Subscription
Check Live Subscription →The Prostarm Info Systems IPO has received bids for 1,08,86,41,296 shares against 1,12,00,000 shares offered, resulting in an overall subscription of 97.2x. the NII category is subscribed 222.14x, Retail Investors 39.49x, and QIBs 104.49x. Within the NII category, BNII is subscribed 249.8x, while SNII is subscribed 166.81x.
Total
97.2x
QIB
104.49x
NII
222.14x
BNII
249.8x
SNII
166.81x
RII
39.49x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 56,00,000 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 48,00,032 shares (30%), while Non-Institutional Investors (NIIs) receive 24,00,000 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 4,800,000 | 30% |
| Qualified Institutions | 4,800,032 | 30% |
| Non-Institutional | 2,400,000 | 15% |
| BNII | 1,600,000 | 10% |
| SNII | 800,000 | 5% |
| Retail Investors | 5,600,000 | 35% |
| Total | 16,000,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Prostarm Info Systems Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 31.41 |
| ROCE % | 32.41 |
| Debt / Equity | 0.51 |
| RoNW % | 32.09 |
| Pat Margin % | 8.85 |
Peers Comparison
No Peer Comparision Available
About Prostarm Info Systems Limited
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.
Prostarm Info Systems IPO Promoters
- Ram Agarwal
- Sonu Ram Agarwal
- Vikas Shyamsunder Agarwal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Prostarm Info Systems IPO Objective
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
Prostarm Info Systems Limited Address / Contact Details
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
Prostarm Info Systems IPO Lot Size
The Prostarm Info Systems IPO has a lot size of 142 shares. Retail investors require a minimum investment of ₹14,910 by applying for 1 lot (142 shares). The maximum application allowed for the retail category is 13 lots (1,846 shares), requiring an investment of ₹1,93,830.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 30%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Choice Capital Advisors Pvt Ltd
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Prostarm Info Systems IPO?
Prostarm Info Systems IPO is a Book-building IPO with a total issue size of ₹168 crore. The Prostarm Info Systems IPO price band is ₹95 to 105 per share. The Prostarm Info Systems IPO subscription opens on Tue, May 27, 2025, and closes on Thu, May 29, 2025. The Prostarm Info Systems IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Prostarm Info Systems IPO.
When will the Prostarm Info Systems IPO open for subscription?
The Prostarm Info Systems IPO opens on Tue, May 27, 2025 and closes on Thu, May 29, 2025
What is Prostarm Info Systems IPO Price Band?
Prostarm Info Systems IPO Price Band is ₹95 to 105 per share.
What is Prostarm Info Systems IPO Lot Size?
Prostarm Info Systems IPO lot size is 142 shares, Retail investors need a minimum investment of ₹14910 based on the upper price band
What is the minimum investment for Prostarm Info Systems IPO?
The minimum investment for Prostarm Info Systems IPO is ₹14910, based on one lot of 142 shares at the upper price band of ₹105 per share.
How to apply for Prostarm Info Systems IPO?
Investors can apply for the Prostarm Info Systems IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, May 29, 2025. The application amount remains blocked until the Prostarm Info Systems IPO allotment is finalized.
What is Prostarm Info Systems IPO Issue Size?
Prostarm Info Systems IPO issue size is ₹168 crores.
What is the Prostarm Info Systems IPO Allotment Date?
Prostarm Info Systems IPO allotment date is Fri, May 30, 2025.
Who is the Prostarm Info Systems IPO Registrar?
The registrar for Prostarm Info Systems IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Prostarm Info Systems IPO allotment status, refund processing, and other IPO-related information.
What is the Prostarm Info Systems IPO GMP?
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 11.43% over the issue price.
Who is the Prostarm Info Systems IPO Lead Manager?
The book-running lead managers (BRLMs) for the Prostarm Info Systems IPO are Choice Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Prostarm Info Systems IPO Red Herring Prospectus (RHP).