Prostarm Info Systems ₹168-Crore IPO to Open on May 27: Check Price Band, Timelines, GMP and More
Prostarm Info Systems Limited is poised to enter the public markets with its initial public offering (IPO), scheduled to open for subscription on May 27, 2025. The integrated power solution company aims to raise ₹168 crore through this 100% fresh issue offering.
Price Band and Timeline
The Prostarm Info Systems IPO is set to commence on Tuesday, May 27, 2025, and will conclude on Thursday, May 29, 2025. The price band for the issue has been fixed at ₹95 to ₹105 per equity share. Potential investors should note that the anchor portion of the IPO will open a day earlier, on Monday, May 26, 2025.
The IPO comprises a fresh issue of up to 1,60,00,000 equity shares with a face value of ₹10 each. The minimum lot size for retail investors is 142 shares, requiring a minimum investment of ₹13,490.
Allocation Structure and Objectives
The issue is structured with specific allocations for different investor categories. Up to 48,00,000 equity shares are reserved for anchor investors. Qualified Institutional Buyers (QIBs) will receive up to 32,00,000 shares after the anchor allocation, while Non-Institutional Investors (NIIs) are allocated up to 24,00,000 equity shares. The Retail Individual Investor (RII) portion accounts for the largest segment, with up to 56,00,000 equity shares reserved.
Use of Proceeds
Prostarm Info Systems has outlined its plans for utilising the IPO proceeds. A significant portion, ₹72.50 crore, is earmarked for funding the company's capital requirements. Additionally, ₹17.95 crore is allocated for the repayment or prepayment of certain outstanding borrowings. The remaining capital is intended for achieving inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes.
Grey Market Premium
As of the update on May 21, the grey market premium (GMP) for Prostarm Info Systems IPO was reported as nil, indicating the shares were trading at par with the IPO price in that market.
Note: The Grey Market Premium (GMP) is not an official price and is based on Market Speculation.
Source: LiveMint Report Dated May 22, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Company Profile and Business Focus
Incorporated in 2008 and promoted by first-generation entrepreneur Ram Agarwal, Prostarm Info Systems specialises in integrated power solutions. The company designs, manufactures, assembles, sells, services, and supplies energy storage and power conditioning equipment. Key products manufactured under the Prostarm brand include UPS systems, inverter systems, lithium-ion battery packs, solar hybrid inverter systems, servo-controlled voltage stabilisers, and isolation transformers. Beyond manufacturing, the company also undertakes turnkey rooftop solar photovoltaic power plant projects on an EPC (Engineering, Procurement, and Construction) basis and offers Annual Maintenance Contracts (AMCs).
Prostarm Info also handles the sale and supply of third-party power solution products and assets, including batteries, IT assets, and solar panels. The company operates three manufacturing facilities in Maharashtra and boasts a network of 21 branch offices and two storage facilities across 18 states and one Union Territory. As of May 17, Prostarm Info Systems is an empanelled vendor for several public sector entities, including the Airports Authority of India and Railtel Corporation of India Limited. Its client base during FY24 exceeded 700, featuring prominent names such as Larsen & Toubro Limited and Tata Power Co. Limited.
Financial Performance and Market Listing
For the fiscal year ending March 31, 2024, Prostarm Info reported revenues of ₹257.87 crore and a profit of ₹22.79 crore. In the first nine months of FY25 (ending December 2024), the company recorded revenue of ₹268.62 crore and a profit of ₹22.10 crore.
The IPO is being managed by Choice Capital Advisors Private Limited as the Book Running Lead Manager, with KFIN Technologies Limited serving as the Registrar. Prostarm Info Systems shares are scheduled to be listed on both the BSE and NSE, with the tentative listing date fixed as June 3, 2025.
The launch marks Prostarm Info Systems as the third mainboard IPO scheduled for the week of May 27, alongside Aegis Vopak Terminals and Schloss Bangalore (The Leela).