Prostarm Info Systems came to market through an IPO that opened on 27 May 2025 and closed on 29 May 2025, and the shares listed on 3 June 2025 on BSE, NSE. The price band was ₹95 to ₹105 per share and one lot was 142 shares, so the minimum application was ₹14,910. The issue size was ₹168 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Choice Capital Advisors Pvt Ltd was the lead manager.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Prostarm Info Systems Limited, incorporated in January 2008, is an Indian company that develops, constructs, and markets Energy Storage and Power Conditioning Equipment, called Power Solution Products.Among its Power Solution Products, the company manufactures UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers. Custom and standard goods are produced in the company’s factories and by outside contractors.
The company also offers third-party cell batteries and reverse logistics services for UPS systems and batteries, among other related offerings. In addition, it builds rooftop solar power plants in India following the EPC project model.With installation, rental choices, and after-sales support, the company’s services ensure diverse customers can enjoy the value of our products well into the future.
A large number of industries use SAP, including healthcare, aviation, research, banking and finance, railways, defence, security, education, renewable energy, IT, and oil & gas.Among the company’s clients are 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.
The company’s activities on May 17, 2025, are supported by 21 branch offices and 2 storage facilities in 18 states and 1 union territory of India.At the close of March 31, 2025, the company counted 423 permanent and 19 contractual members of staff.
As described in the offer document.
| Metric | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|
Prostarm Info Systems mobilises Rs 50 crore via anchor book.Chattisgarh Investment, Astrone Capital, Steptrade Revolution Fund, Abundantia Capital, and Swyom India Alpha Fund were amongst eight institutional investors participated in the IPO through anchor book.
Ram Agarwal, Sonu Ram Agarwal, Vikas Shyamsunder Agarwal.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Prostarm Info Systems IPO was a ₹168 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹95–₹105 per share with a lot size of 142 shares (₹14,910). The IPO was open from May 27 to May 29, 2025. Shares listed on BSE and NSE on June 3, 2025 at ₹120, a 14.3% premium to the issue price of ₹105. Kfin Technologies Limited is the registrar.
Choice Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Prostarm Info Systems IPO is ₹95 to ₹105 per share.
The lot size of Prostarm Info Systems IPO is 142 shares.
The minimum investment for Prostarm Info Systems IPO is approximately ₹14,910 based on the upper price band.
The allotment date of Prostarm Info Systems IPO is May 30, 2025.
Prostarm Info Systems IPO's final recorded GMP before listing was ₹12 per share (a 11% premium over the ₹105 upper price band). The shares listed at ₹120. GMP is unofficial and does not forecast or guarantee the actual listing price.
Prostarm Info Systems IPO listed on Jun 3, 2025. It was issued at ₹120.0(NSE) and is currently around ₹124.00 as on 30-Oct-2026 3:30 PM, which is approximately 18.1% versus issue price. The 52-week high is ₹208.65.
You can check Prostarm Info Systems IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Prostarm Info Systems IPO allotment status on Rupix for quick and easy access.
₹95 to ₹105 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 142 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,910.
₹14,910, for one lot of 142 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 27 May 2025 and closed on 29 May 2025.
The basis of allotment was published on 30 May 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 June 2025 on BSE, NSE.
The issue size was ₹168 crore. The fresh issue was 1,60,00,000 shares (aggregating up to ₹168 crore).