Prostarm Info Systems IPO: Key Details and Future Outlook
Prostarm Info Systems Limited, an Indian company specializing in “Power Solution Products”, is preparing for its initial public offering (IPO). This book-building issue, valued at ₹168.00 crore, is an all-new issue of 1.60 crore equity shares, reflecting the company’s objective to raise capital for its strategic growth. The IPO subscription period is scheduled from Tuesday, May 27, 2025 to Thursday, May 29, 2025.
Prostarm Info Systems IPO Details:
| Category | Details |
|---|---|
| IPO Type | Book-Building |
| Issue Size | ₹168.00 crore |
| Issue Details | Fresh issue of 1.60 crore equity shares |
| IPO Dates | May 27 – May 29, 2025 |
| Price Band | ₹95 – ₹105 per share |
| Lot Size (Retail) | 142 shares |
| Minimum Investment | ₹13,490 – ₹14,910 |
| Max Retail Investment | ₹1,93,830 (13 lots) |
| S-HNI Investment | ₹2,08,740 (14 lots) |
| B-HNI Investment | ₹10,13,880 (68 lots) |
| Allotment Date | May 30, 2025 |
| Refund Initiation | June 2, 2025 |
| Shares Credited to Demat | June 2, 2025 |
| Listing Date | June 3, 2025 (BSE, NSE) |
| Promoters | Ram Agarwal, Sonu Ram Agarwal, Vikas S. Agarwal |
| Registrar | KFin Technologies Limited |
| Lead Manager | Choice Capital Advisors Pvt. Ltd. |
| Reservation | QIBs: ≤ 50%, Retail: ≥ 35%, HNIs: ≥ 15% |
| Use of Funds | Working capital, debt repayment, acquisitions |
| Financials (Dec 2024) | Revenue: ₹270.27 Cr, PAT: ₹22.11 Cr, Assets: ₹230.04 Cr, Net Worth: ₹107.24 Cr |
Prostarm Info Systems IPO Key Dates
* IPO opening date: May 27, 2025
* IPO closing date: May 29, 2025
* Tentative allotment: May 30, 2025
* Commencement of refunds: June 2, 2025
* Demat submission of shares: June 2, 2025
* Tentative listing date: June 3, 2025 (on BSE and NSE)
Prostarm Info Systems IPO Price-Band & Lot Size
The IPO price band has been fixed at ₹95 to ₹105 per share. The minimum lot size for application is 142 shares. For retail investors, the minimum investment is ₹13,490 (at the lower end of the price band). It is advisable to bid at the cutoff price to mitigate potential oversubscription issues, which could bring down the minimum investment for retail lots to around ₹14,910. The maximum investment for retail investors is 13 lots, which is equivalent to 1846 shares or ₹1,93,830. High net worth individuals (HNIs) have structured investment levels: S-HNI (minimum) at 14 lots (1,988 shares), amounting to ₹2,08,740, and B-HNI (minimum) at 68 lots (9,656 shares), amounting to ₹10,13,880.
Prostarm Info Systems Limited Details
Prostarm Info Systems Limited, incorporated in January 2008, is engaged in the design, manufacturing and sale of various power solution products. Their wide portfolio includes UPS systems, inverter systems, solar hybrid inverters, lithium-ion battery packs and voltage stabilizers. Apart from manufacturing, the company also offers customized products, distributes third-party batteries, provides reverse logistics and end-of-life disposal services for UPS systems, and undertakes rooftop solar power plant projects on an EPC (engineering, procurement, and construction) basis across India. Their services extend to installation, rental options, and critical after-sales support including warranty and maintenance, ensuring a complete customer lifecycle experience.
Prostarm Info Systems Promoters
The company is promoted by Ram Agarwal, Sonu Ram Agarwal, and Vikas Shyamsunder Agarwal, who held 100% shareholding in the pre-issue, indicating their strong commitment to the company’s future. An analysis of the financial performance (restated consolidated) of Prostarm Info Systems Limited reveals strong growth in recent periods:
Prostarm Info Systems Limited Financial
* Assets: increased from ₹98.03 crore (March 2022) to ₹230.04 crore (December 2024).
* Revenue: Increased from ₹172.05 crore (March 2022) to ₹270.27 crore (December 2024).
* Profit After Tax (PAT): Increased from ₹10.87 crore (March 2022) to ₹22.11 crore (December 2024), reflecting consistent profitability.
* Net Worth: Increased from ₹40.95 crore (March 2022) to ₹107.24 crore (December 2024), reflecting enhanced financial stability.
* Reserves and Surplus: Increased from ₹31.87 crore (March 2022) to ₹64.37 crore (December 2024).
* Total borrowings: Increased from ₹3.21 crore (March 2022) to ₹60.37 crore (December 2024).
Prostarm Info Systems IPO Objectives
The primary purposes for using the net proceeds from the IPO are strategic and aimed at fueling the Company’s growth:
* Financing for working capital requirements: An estimated ₹725.00 million will be allocated to support daily operations, increased production, and efficient inventory management.
* Debt prepayment/repayment: Approximately ₹179.58 million is earmarked to repay a portion of existing borrowings, which will strengthen the Company’s balance sheet and reduce financial leverage.
* Inorganic growth and general corporate purposes: Funds will also be used for potential acquisitions and other strategic initiatives to expand market presence and capabilities.
Prostarm Info Systems IPO Reservation
The IPO shares are reserved as follows: not more than 50.00% for QIBs, not less than 35.00% for Retail Investors, and not less than 15.00% for NII (HNI) Investors. Choice Capital Advisors Private Limited acts as the lead manager, and KFin Technologies Limited is the registrar for the IPO.
Prostarm Info Systems IPO Important Documents
Prostarm Info Systems IPO DRHP
Prostarm Info Systems IPO Registrar
KFin Technologies Limited can be contacted at 04067162222, 04079611000, or via email at pisl.ipo@kfintech.com, with the IPO status on the website https://kosmic.kfintech.com/ipostatus/.
Disclaimer: This content is about intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.