Prostram Info Systems IPO Day 3: Check GMP, Subscription Status & Key Highlights
The bidding window for Prostram Info Systems IPO closes today 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.
Prostram Info Systems Ltd. IPO Details
Prostram Info Systems Ltd launched its IPO for public subscription on May 27, 2025. The IPO is a book-built issue of ₹168.00 crores. The issue is entirely a fresh issue of 1.60 crore shares. Investors can 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.
Prostram Info Systems IPO Day 3 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.
Also Check:
Prostram Info Systems IPO Day 2 Subscription Status
Prostram Info Systems IPO Day 1 Subscription Status
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 ₹24 as of May 29, 2025, 10:38 a.m. If the current GMP trend continues, the company's shares are likely to be listed at ₹129, indicating a 22.86% premium to the upper end of the price band.
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Source: Business Standard Media Report dated May 29, 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. |
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.