Prostarm Info Systems Ltd, a Navi Mumbai-based power solutions company, debuted on the stock market today. The IPO received an overwhelming response, being subscribed nearly 97.20 times by the close of the bidding process.
On BSE, the stock opened at ₹125 per share, marking a 19% premium over the issue price of ₹105, while on NSE, it opened at ₹120 per share, representing a 14.3% premium.
The trading session for the listing day closed at ₹126 on NSE and ₹126.25 on BSE.
The stock was showing little to no momentum and trading around ₹123.
Following a stellar debut, Prostarm Info Systems' stock climbed further to hit ₹126 on the NSE.