Prostarm Info Systems Ltd. was incorporated on January 11, 2008. The company designs, manufactures, and services Energy Storage and Power Conditioning Equipment in India, including UPS systems, inverters, lithium-ion battery packs, and voltage stabilisers. It offers customised and standard solutions, produced in-house and via third-party manufacturers, and also manages third-party battery sales, reverse logistics, and rooftop solar projects on an EPC basis
| Bidding Dates |
|---|
| 27 May 2025 - 29 May 2025 |
| Subscription |
|---|
| 97.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,490 | 1 | 13 | 142 | 16.0 M | ₹95 - ₹105 | 72.82 % | ₹1520.0 M - ₹1680.0 M | RHP DOC |
Prostarm Info Systems IPO SUBSCRIPTION STATUS
29 May '25Prostarm Info Systems IPO overall subscription rate was 97.2 times the total available shares
Prostarm Info Systems IPO retail subscription rate was 39.49 times in the retail segment
Prostarm Info Systems IPO non-institutional investor subscription rate was 222.14 times in the non-institutional investor category
Prostarm Info Systems IPO Qualified Institutional Bidder subscription rate was 104.49 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 May 2025 (Day 3) | 39.49x | 222.14x | 104.49x |
28 May 2025 (Day 2) | 13.04x | 27.23x | 1.03x |
27 May 2025 (Day 1) | 4.15x | 6.83x | 0.05x |
Prostarm Info Systems FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 22.1 | 268.6 | -10.5 | -22.4 | 13.4% |
| FY24 | 22.8 | 257.9 | -7.8 | -116.2 | 14.2% |
| FY23 | 19.3 | 230.4 | -13.5 | -163.6 | 12.7% |
| FY22 | 10.9 | 171.3 | 4.2 | -13.2 | 9.7% |
Prostarm Info Systems IPO SUBSCRIPTION STATUS DETAILS
Prostarm Info Systems had 16.0 M shares on offer
Prostarm Info Systems IPO offer price was in the range ₹95 - ₹105
Prostarm Info Systems IPO minimum Investment was ₹13490
Prostarm Info Systems IPO issue size was ₹ 1520.0 M - ₹ 1680.0 M
Prostarm Info Systems had a minimum lot size of 142 Shares per application
Prostarm Info Systems NUMBER OF SHARES ON OFFER
Prostarm Info Systems IPO IMPORTANT DATES
| Issue Open Date | 27 May 2025 |
| Issue close Date | 29 May 2025 |
| Allotment Date | 30 May 2025 |
| Refund Date | 02 Jun 2025 |
| Demat Account Credit Date | 02 Jun 2025 |
| Listing Date | 03 Jun 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Prostarm Info Systems Allotment Status | Exchange/ Registrar |
Prostarm Info Systems IPO subscription opened on 27 May 2025, and closed on 29 May 2025
IPO allotment for Prostarm Info Systems was finalized on Friday, 30 May 2025
IPO listing for Prostarm Info Systems was on NSE and BSE on Tuesday, 03 Jun 2025
Prostarm Info Systems IPO LISTING GAINS
| Issue Price (adjusted) | 105.0 |
| Listing Open Price | 120.0 |
| Listing Close Price | 126.0 |
| Listing Gain% | 14.3% |
| Current Gain% | 39.1% |
Prostarm Info Systems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prostarm Info Systems Ltd. | 146 | 859.6 | 26.1 | 2.4 | 2.2 | 11.5 | 6.1 | 391.6 | 11.1 | 33 | 11.2 | 5.6 | 11 |
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Prostarm Info Systems INFORMATION ON IPO ISSUE
About Prostarm Info Systems
Prostarm Info Systems Ltd. was incorporated on January 11, 2008. The company designs, manufactures, and services Energy Storage and Power Conditioning Equipment in India, including UPS systems, inverters, lithium-ion battery packs, and voltage stabilisers. It offers customised and standard solutions, produced in-house and via third-party manufacturers, and also manages third-party battery sales, reverse logistics, and rooftop solar projects on an EPC basis
Object of the Issue
- Funding the working capital requirements of the company
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- Acquisition of a further stake in their subsidiary to make it a wholly owned subsidiary
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes
Prostarm Info Systems - PROMOTERS
| Name |
|---|
| Ram Agarwal |
| Sonu Ram Agarwal |
| Vikas Shyamsunder Agarwal |
Prostarm Info Systems Book Running Lead Manager
Choice Capital Advisors Private Limited
ipo.pisl@choiceindia.com
Prostarm Info Systems Registrar to the Offer
KFin Technologies Limited
pisl.ipo@kfintech.com
Prostarm Info Systems Strengths
Diversified product portfolio
The company offers a variety of products to meet power storage and conditioning needs. Its diverse customer base includes government, project contractors, industrial and institutional clients, dealers, and distributors across industries such as healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas
Geographical presence
As of the date, the company operates a network of 22 branch offices and two storage facilities across 17 states and one union territory in India. This infrastructure supports sales and enables reliable after-sales services, ensuring timely assistance for maintenance and operational needs
Prostarm Info Systems Risks
Geographically concentrated
The company's manufacturing units are located in Maharashtra, India, exposing operations to potential geographical concentration risks from local and regional factors that may negatively impact business, operational results, and cash flows
Legal issues
The company has received a show cause notice for an alleged violation of the Customs Act, 1962. Any adverse ruling could significantly impact its financial condition and business
Dependent on vendors
The company relies on a network of domestic and international suppliers for materials, components, and products, including batteries, UPS systems, lithium-ion cells, electronic components, wiring harnesses, and solar panels. Most suppliers are located in India and China, with materials procured on a purchase-order basis
IPO FAQs
The promoters of the company are Ram Agarwal, Sonu Ram Agarwal and Vikas Shyamsunder Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 105.0.
The IPO application opens on May 27, 2025 and closes on May 29, 2025.
The minimum lot size for the IPO is 142. The maximum lot size for the IPO is 1846.
For all category investors, the minimum application amount for this IPO is Rs. 13,490.0, the maximum value for this IPO is Rs 193,830.0.
This IPO will be allotted on May 30, 2025.
The refund will be credited to your account on Jun 02, 2025.
The allotted shares will be credited to your demat on Jun 02, 2025.
Prostarm Info Systems Ltd.’s shares listed on the stock exchanges on Jun 03, 2025.