Prostarm IPO Opens For Subscription, Price Band ₹95-105 Per Share; Know IPO Details Before Investing

Mumbai: Prostarm Info Systems Limited’s IPO has opened for public subscription from May 27 to May 29, 2025. The anchor investor bidding was completed on May 26, 2025. The IPO price band is set at Rs 95 to Rs 105 per share.

Investors can apply for a minimum of 142 shares and in multiples of it. The IPO is structured with 50 per cent reserved for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors, and 35 per cent for Retail Investors.

Objective of the IPO

Prostarm plans to raise Rs 168 crore through this issue. The funds will be used for:

Rs 72.5 crore for working capital

Rs 18 crore for loan repayment

Rs 9 crore to acquire full ownership of its subsidiary

The rest for inorganic growth and general corporate purposes

Allotment and Listing Dates

The share allotment is expected on May 30, 2025. The shares may get listed on BSE and NSE on June 3, 2025.

About the Company

Prostarm Info Systems is based in Maharashtra and owned by the Agarwal family. It competes with listed companies like Servotech Power Systems and Sungarner Energies.

The company designs and manufactures:

- UPS systems

- Inverter systems

- Solar hybrid inverters

- Lithium-ion battery packs

- Voltage stabilizers

Financial Performance

In FY24, Prostarm's:

Net profit rose 18 per cent to Rs 22.8 crore (from Rs 19 crore in FY23)

Revenue grew 12 per cent to Rs 258 crore

EBITDA jumped 29.8 per cent to Rs 35 crore

Profit margin improved by 190 basis points to 13.7 per cent

Lead Manager and Registrar

Book Running Lead Manager: Choice Capital Advisors

Registrar: Kfin Technologies

This IPO is ideal for investors looking to invest in the power solutions and electronics sector with steady growth and profitability.