Prostarm Info Systems IPO Allotment: Check Latest GMP, Steps to Verify Status

Prostarm Info Systems Ltd launched its IPO for public subscription on May 27, 2025. The bidding window for Prostarm Info Systems IPO closed yesterday, i.e., on May 29, 2025. The allotment process is expected to be finalised on May 30, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Tuesday, June 3, 2025.

Know the procedure to check the allotment status on both NSE and BSE websites.

Steps to Check Prostarm Info Systems IPO Allotment Status on NSE

Here is the process to check Prostarm Info Systems Ltd IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here. 
2. Choose 'Equity & SME IPO bid details'. 
3. Select 'Prostarm Info Systems Ltd.' from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Click on the submit button to check the details of the share allotment. 

Steps to Check Prostarm Info Systems IPO Allotment Status on BSE 

Here is the process to check Prostarm Info Systems Ltd IPO Allotment Status on BSE 

1. Open the Application Status page of BSE here. 
2. Choose 'equity' as the issue type. 
3. Select 'Prostarm Info Systems Ltd’ from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Verify the captcha by clicking on the 'I am not a Robot' box. 
6. Click on the submit button to check the details of the share allotment.

Prostram Info Systems Ltd. IPO Details

Prostram Info Systems IPO is a book-built issue of ₹168.00 crores, entirely a fresh issue of 1.60 crore shares. Investors could apply with a minimum lot size of 142, requiring a minimum investment of ₹13,490. The issue price band is set at ₹95–₹105 per share. 

Choice Capital Advisors Pvt Ltd is the book-running lead manager of the Prostarm Info Systems IPO, while Kfin Technologies Limited is the registrar for the issue.

Overall Subscription Status

(May 29, 2025, end of the day)

On Day 3, Prostarm Info Systems was subscribed 96.68 times as per the NSE data. The public issue was subscribed 39.48 times in the retail category, 102.67 times in QIB, and 222.13 times in the NII category.

Utilization of IPO Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Funding the working capital requirements of the Company.
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
• Achieving inorganic growth through unidentified acquisitions and other strategic initiatives.
• General Corporate Purposes.

Prostram Info Systems GMP Details

According to Business Standard, Prostram Info Systems' Grey Market Premium (GMP) was ₹20 as of May 30, 2025, 08:13 a.m. If the current GMP trend continues, the company's shares are likely to be listed at ₹125, indicating a 19.05% premium to the upper end of the price band.

Prostram Info Systems Ltd. Business Overview

Prostarm Info Systems Ltd, is a leading Indian provider of power backup and energy storage solutions. The company specialises in designing, manufacturing, and servicing a comprehensive range of power solution products, including Uninterruptible Power Supply (UPS) systems, inverters, solar hybrid inverters, lithium-ion battery packs, voltage stabilisers, and isolation transformers.

Financially, the company has demonstrated consistent growth, with revenue from operations increasing from ₹172.05 crore in FY22 to ₹270.27 crore in FY24. The company's net income also saw an upward trend, reaching ₹29.57 crore in FY24.