Prostarm Info Systems IPO

Posted by thanushaa May 24, 2025

Prostarm Info Systems IPO is a bookbuilt issue of Rs 169.00 crores. The issue is entirely a fresh issue of 1.60 crore shares.

The IPO opens for subscription on May 27, 2025, and closes on May 29, 2025. The allotment is expected to be finalized on Friday, May 30, 2025. The price band for the IPO is set at ₹95 to ₹105 per share, and the minimum lot size for an application is 142 shares. 

Company Summary

Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as “Power Solution Products.”

The company manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers.

The company offers customised and standard products, produced in-house and through contract manufacturers. Additionally, they sell third-party batteries and provide reverse logistics, end-of-life disposal services for UPS systems and batteries, and other related products. The company also executes rooftop solar power plant projects in India on an EPC basis.

The company serves diverse industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas.

The company’s clientele includes the Airports Authority of India; Central Public Works Department, Patna Bihar; Public Works Department, New Delhi; West Bengal Public Health Engineering Department; West Bengal Electronic Industry Development Corporation Limited; Telangana State Technology Services Limited; Railtel Corporation of India Limited; and NTPC Vidyut Vyapar and Nigam Limited

As of May 17, 2025, the company’s operations are supported by 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India.

As of March 31, 2025, the company employed a total of 423 permanent staff members and 19 individuals on a contractual basis.

Company Strengths

  • Broad product and service offerings for diverse industries.
  • Established strong relationships with the customers and a wide customer base
  • Wide geographical presence and distribution network.
  • Consistent track record of financial performance leading to a strong balance sheet position.
  • ISO certified manufacturing units ensure quality and standards.
  • Experienced Promoters and a senior management team with a committed employee base.

Company Financials

Period Ended

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

22.80

19.35

10.87

Net Worth

107.24

84.30

61.00

40.95

Reserves and Surplus

64.37

41.42

18.13

31.87

Total Borrowing

60.37

43.47

24.85

3.21

Amount in ₹ crore

 

Objectives of IPO

  • 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, and general corporate purposes

IPO Details

IPO Date

May 27, 2025 to May 29, 2025

Listing Date

Jun 03, 2025

Face Value

₹10 per share

Price Band

₹95 to ₹105 per share

Lot size

142 shares

Total Issue size

1,60,00,000 shares (aggregating up to ₹168.00 Cr)

Fresh issue

1,60,00,000 shares (aggregating up to ₹168.00 Cr)

Issue type

Bookbuilding IPO

Listing at

NSE, BSE

 

Lot Allocation Details

Application

Lots

Shares

Amount

Retail (Min)

1

142

₹14,910

Retail (Max)

13

1846

₹1,93,830

S-HNI (Min)

14

1988

₹2,08,740

S-HNI (Max)

67

9514

₹9,98,970

B-HNI (Min)

68

9656

₹10,13,880

Allotment Schedule

Basis of Allotment

Fri, May 30, 2025

Initiation of Refunds

Mon, Jun 2, 2025

Credit of Shares to Demat

Mon, Jun 2, 2025

Tentative Listing Date

Tue, Jun 3, 2025

Cut-off time for UPI mandate confirmation

5 PM on May 29, 2025

IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Net Issue

Retail Shares Offered

Not less than 35% of the Net Issue

NII (HNI) Shares Offered

Not less than 15% of the Net Issue

To check allotment, click here

Apply for IPO

Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks. Read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.

Download NOVO App!

Invest in Zero-commission Direct Mutual funds, IPO, Sovereign Gold bonds, Government bills, and Corporate bonds.