Prostarm Info Systems IPO opens for subscription from May 27 to May 29, 2025, with a price band of ₹95-105 per share. The company aims to raise ₹168 crore through a fresh issue of 1.60 crore shares. Listing is expected on June 3 on the BSE and NSE. The IPO allocation reserves 50% for institutional investors, 35% for retail investors, and 15% for non-institutional buyers. Funds raised will be used for debt repayment, inorganic growth, working capital, and other corporate purposes. The IPO’s grey market premium is currently nil. Prostarm Info Systems specializes in energy storage and power conditioning equipment and is an empanelled vendor for several government agencies.
Prostarm Info Systems is set to open its initial public offering (IPO) for subscription from May 27 to May 29, 2025. The inverter maker has fixed its price band between ₹95 and ₹105 per share, aiming to raise ₹168 crore through a fresh issue of 1.60 crore shares. The company expects to list on the BSE and NSE on June 3.
The IPO is the third mainboard offering scheduled to hit Dalal Street next week, alongside Aegis Vopak Terminals and Schloss Bangalore (The Leela). Retail investors can subscribe with a minimum lot size of 142 shares, requiring an investment of at least ₹13,490.
Allocation for the IPO is divided with 50% reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. The anchor book opens on May 26, a day before the public subscription begins.
Prostarm Info Systems plans to use the funds raised primarily to repay borrowings, pursue inorganic growth through acquisitions, support working capital needs, and other corporate purposes. Currently, the IPO’s grey market premium (GMP) stands at nil, indicating shares are trading at par with the issue price.
About Prostarm Info Systems
Founded in 2008, Prostarm Info Systems designs, manufactures, assembles, and sells energy storage and power conditioning equipment such as UPS systems, inverter systems, solar hybrid inverters, lithium-ion battery packs, and voltage stabilisers. The company also supplies third-party power solution products, including batteries and solar panels.
The company is an empanelled vendor for government entities including Airports Authority of India, West Bengal Public Health Engineering Department, Telangana State Technology Services Limited, Railtel Corporation of India, and NTPC Vidyut Vyapar and Nigam.
Choice Capital Advisors Pvt Ltd is the book-running lead manager, and Kfin Technologies Limited serves as the registrar for the IPO.