Prostarm Info Systems Limited IPO

Prostarm Info Systems Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹95 - ₹105

Total Issue

₹168.00 Cr

Bid Dates

27 May - 29 May

Subscription

97.20x

Est. GMP

₹15 (14.29%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Prostarm Info Systems was incorporated in 2008, it began with the sale and installation of batteries and UPS systems from third-party vendors. Since 2021, the company has expanded into the design, manufacturing, and servicing of energy storage and power conditioning equipment, including UPS systems, inverters, lithium-ion battery packs, solar hybrid systems, stabilizers, and transformers. Products are offered through in-house and contract manufacturing. The company also supplies third-party power products and executes rooftop solar EPC projects across India, supported by installation, AMC, rentals, and after-sales services.

Lot Info

Lot Information for Prostarm Infosystem IPO
Category Lots Shares Amount
Retail (Min) 1 142 ₹14,910
Retail (Max) 13 1,846 ₹1,93,830
S-HNI (Min) 14 1,988 ₹2,08,740
S-HNI (Max) 67 9,514 ₹9,98,970
B-HNI (Min) 68 9,656 ₹10,13,880

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹168.00 Cr
Fresh Issue
₹168.00 Cr (1.60 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

  1. Funding working capital requirements of our Company
  2. Repayment of certain outstanding borrowings availed by our Company
  3. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Grey Market Premium

GMP ₹15
Est. Price ₹120
Est. Gain 14.29%

Prostarm Infosystem IPO Peer Comparison

(Rs. in crores)

Prostarm Infosystem IPO Peer Comparison Table
Particulars Prostarm Info Systems Servotech Power Sungarner Energies
Revenue from Ops (in Crs.) 257.87 353.68 17.69
PAT (In Crs.) 22.80 11.80 1.07
EPS - Basic 5.44 0.54 5.22
NAV per share 19.66 6.54 41.32
RONW 32.09% 10.50% 16.78%
EBITDA 14.20% 6.32% 11.92%
PAT Margin 8.84% 3.34% 6.06%
Price to earning (PE) 19.30 243.00 55.00
Debt to Equity 0.51 0.51 0.59
  • All information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of April 15, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Prostarm Infosystem IPO
Particulars Dec-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 268.63 257.87 230.36 171.31
Profit after Tax 22.11 22.80 19.35 10.87
Net Worth 107.24 84.30 61.00 40.95
Total Borrowing 60.37 43.47 24.85 3.21
Total Assets 230.04 203.05 155.39 98.02
NAV per share (in ₹) 25.01 19.66 14.23 9.55
EPS - Basic (in ₹) 5.35 5.44 4.66 2.66

KPIs

EBITDA

14.20%

PAT

8.84%

RONW

32.09%

ROCE

32.41%

Debt to Equity

0.51

PE Ratio

19.30

PB Ratio

5.34

Mkt Cap (in Crs.)

618.18

  • All the data pertains to FY 2023-24
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

100.00%

Public

0.00%

Ram Agarwal 28.83%
Sonu Agarwal 20.00%
Vikas Agarwal 33.00%
Promoter Group 18.17%

Management

Tapan Ghose Chairman & MD
Ram Agarwal CEO
Abhishek Jain CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Choice Capital Advisors Choice Capital Advisors

Subscription Status

Updated as on 29-May-2025 19:00:00

Mainboard Subscription Status for Prostarm Infosystem IPO
Category Sub (x) Offered Bids
QIB 104.49 32,00,000 33,43,54,194
NII 222.14 24,00,000 53,31,28,918
bHNI 249.80 16,00,000 39,96,81,294
sHNI 166.81 8,00,000 13,34,47,624
Retail 39.49 56,00,000 22,11,58,184
Total 97.20 1,12,00,000 1,08,86,41,296

Frequently Asked Questions

What is Prostarm Infosystem IPO?
Prostarm Infosystem IPO is a Mainboard IPO having an issue size of ₹168.00 Crs. Prostarm Infosystem IPO is priced at ₹95 - ₹105 per share. The issue opens on 27 May 25 and closes on 29 May 25.
When will Prostarm Infosystem IPO open?
Prostarm Infosystem IPO opens on 27 May 25 and closes on 29 May 25.
What is the GMP of Prostarm Infosystem IPO?
The estimated Grey Market Premium of Prostarm Infosystem IPO is ₹15 per share (14.29%).
What is the lot size of Prostarm Infosystem IPO?
The minimum lot size of Prostarm Infosystem IPO is 142 shares & the minimum application amount is Rs. 14910.
When is the allotment of Prostarm Infosystem IPO?
The allotment date of Prostarm Infosystem IPO is 30 May 25.
What is the listing date of Prostarm Infosystem IPO?
The listing date of Prostarm Infosystem IPO is 03 Jun 25.
What is the subscription of Prostarm Infosystem IPO?
Prostarm Infosystem IPO is subscribed 97.20 times.
What is the price band of Prostarm Infosystem IPO?
Prostarm Infosystem IPO is priced at ₹95 - ₹105 per share.
How to check allotment status of Prostarm Infosystem IPO?
Click the allotment link on Prostarm Infosystem IPO page of IPO360.
How to apply Prostarm Infosystem IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Prostarm Infosystem IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Prostarm Infosystem IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Prostarm Infosystem IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date