Allotment

Prostarm Info Systems launched a book-built IPO worth ₹168.00 crore, consisting entirely of a fresh issue of 1.60 crore shares. The IPO opened for bidding on May 27, 2025, and closed on May 29, 2025. The allotment was finalized on May 30, 2025, and the shares were subsequently listed on BSE and NSE on June 3, 2025.
The price band for the IPO was fixed at ₹105 per share. The lot size for an application is 142 shares. For retail investors, the minimum investment is 1 lot (142 shares), totaling ₹13,490. For sNII investors, the minimum subscription is 14 lots (1,988 shares), amounting to ₹2,08,740, while bNII investors must subscribe to a minimum of 68 lots (9,656 shares), totaling ₹10,13,880.
The IPO was managed by Choice Capital Advisors Pvt. Ltd. as the Book Running Lead Manager, with Kfin Technologies Ltd. serving as the Registrar of the Issue.
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| IPO Date | 3 Jun |
| IPO Listing Date | 3 Jun |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹105.00 |
| IPO Issue Size | 1,60,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 4,28,74,592 shares |
| IPO Open Date | 27 May |
| IPO Close Date | 29 May |
| IPO Allotment (Tentative) | 30 May |
| Refunds | 2 Jun |
| Credit to Demat Account | 2 Jun |
| IPO Listing Date | 3 Jun |
| Category | Offer |
|---|---|
| QIB Shares Offered | 80,00,000 Shares |
| NII (HNI) Shares Offered | 24,00,000 Shares |
| Retail Shares Offered | 56,00,000 Shares |
Investors can bid for a minimum of 142 shares, with additional bids required in multiples of 142 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 142 | ₹14,910 |
| Retail (Max) | 13 | 1,846 | ₹1,93,830 |
| S-HNI (Min) | 14 | 1,988 | ₹2,08,740 |
| S-HNI (Max) | 67 | 9,514 | ₹9,98,970 |
| B-HNI (Min) | 68 | 9,656 | ₹10,13,880 |
Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specializing in the design, manufacturing, and sale of Energy Storage and Power Conditioning Equipment, collectively referred to as “Power Solution Products.”
Product Portfolio:
The company manufactures a wide range of Power Solution Products, including:
UPS systems
Inverter systems
Solar hybrid inverter systems
Lithium-ion battery packs
Voltage stabilizers
Prostarm Info Systems provides both customized and standard products, manufactured in-house and through contract manufacturers. The company also sells third-party batteries and offers reverse logistics, end-of-life disposal services, and related solutions for UPS systems and batteries. Additionally, it executes rooftop solar power plant projects on an EPC (Engineering, Procurement, and Construction) basis.
Services:
The company enhances product value through a range of services, including:
Installation and rental options
After-sales support, including warranty and post-warranty care
Annual Maintenance Contracts (AMC)
Industries Served:
Prostarm caters to a diverse set of industries, such as healthcare, aviation, research, BFSI, railways, defense, security, education, renewable energy, IT, and oil & gas.
Key Clients:
The company’s clientele includes prominent organizations like:
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
NTPC Vidyut Vyapar Nigam Limited
Operational Footprint:
As of May 17, 2025, Prostarm operates through 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India.
Workforce:
As of March 31, 2025, the company employed 423 permanent staff members and 19 contractual employees.
Competitive Strengths:
Continuous evolution of products and services to cater to diverse industries
Strong and established relationships with a wide customer base
Extensive geographical presence and distribution network
Consistent financial performance and robust balance sheet
Experienced promoters and senior management with a committed workforce
| Assets | 230.04 | 203.05 | 155.39 |
| Total Income | 270.27 | 259.23 | 232.35 |
| Profit After Tax | 22.11 | 22.8 | 19.35 |
| EBITDA | 35.89 | 36.62 | 29.15 |
| NET Worth | 107.24 | 84.3 | 61 |
| Reserves and Surplus | 64.37 | 41.42 | 18.13 |
| Total Borrowing | 60.37 | 43.47 | 24.85 |
| ROE | 31.41% |
| ROCE | 32.41% |
| Debt/Equity | 0.51 |
| RoNW | 32.09% |
| PAT Margin | 8.85% |
| EBITDA Margin | 14.20% |
| Price to Book Value | 5.34 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 72.5 |
| 3 | To meet out the General Corporate Purposes; | 544.83 |
| 4 | Offer for Sale (OFS) | - |
Prostarm Info Systems Ltd. Address
Plot No. EL 79
Electronic Zone, TTC, MIDC,
Mahape Navi Mumbai, Thane
Mumbai, Maharashtra, 400710
022 4528 0500
cs@prostarm.com
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
pisl.ipo@kfintech.com
https://ipostatus.kfintech.com/