IPO Issue Details
Issue Price / Price Band₹105 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size142 Shares per Lot
Total Issue Size1,60,00,000 shares (aggregating up to ₹168.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 27 May 2025
Subscription CloseThu, 29 May 2025
Anchor AllotmentMon, 26 May 2025
Basis of AllotmentFri, 30 May 2025
Initiation of RefundsMon, 02 Jun 2025
Credit of Shares to DematMon, 02 Jun 2025
Listing DateTue, 03 Jun 2025
UPI Mandate Deadline2025-05-29
Application & Investment Details
Retail — Min (1 Lots)14,910 — 142 shares
Retail — Max (13 Lots)₹193,830 (13 Lots)
HNI — Min (14 Lots)2,08,740 — 1988 shares
EPS (Pre-IPO)₹5.32
EPS (Post-IPO)₹5.01
P/E Ratio (Pre-IPO)19.75x
P/E Ratio (Post-IPO)20.97x
Pre-IPO Promoter Holding4,28,74,592 shares
Post-IPO Promoter Holding5,88,74,592 shares
About Prostarm Info Systems Ltd.
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 execute rooftop solar power plant projects in India on an EPC basis.The services of the company include installation, rental options, and after-sales support, such as warranty, post-warranty care, and Annual Maintenance Contracts (AMC), enhancing the value of our products for diverse customers.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 LimitedAs 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.Competitive StrengthEvolving product and service offerings for diverse industries.Established relationships with the customers and wide customer baseWide geographical presence and distribution network.Consistent track record of financial performance leading to strong balance sheet position.Experienced Promoters and senior management team with a committed employee base.
Objects of the Issue
Prostarm Info Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding working capital requirements of the Company.
72.50
2
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
17.96
3
Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,28,74,592 shares
Post-IPO Promoter Holding
5,88,74,592 shares
Lock-in Period (30%)June 28, 2025
Lock-in Period (50%)August 28, 2025