Prostarm Info Systems IPO
Prostarm Info Systems IPO — date, price band, lot size & details 2025
Prostarm Info Systems listed on 3 Jun 2025 at ₹120, 14.3% above the ₹105 issue price.
Prostarm Info Systems designs, makes and sells energy storage and power conditioning equipment such as UPS systems and inverters. Its total income rose from Rs 172.05 crore in FY2022 to Rs 259.23 crore in FY2024.
Stock price
Prostarm Info Systems is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 27 May 2025
- Close 29 May 2025
- Allotment 30 May 2025
- Refund/credit 02 Jun 2025
- Listing 03 Jun 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 May, 2025 |
|---|---|
| Price Band | ₹95 – ₹105 |
| Face Value | ₹10 |
| Lot Size | 142 Shares |
| Issue Size | ₹168 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,910 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 142 shares at the ₹105 cut-off. Drag to size your application.
| Application | 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 172.05 crore in FY2022 to Rs 259.23 crore in FY2024.
- 02Profit after tax rose from Rs 10.87 crore in FY2022 to Rs 22.80 crore in FY2024.
- 03Return on equity was 31.41% and return on capital employed was 32.41%.
- 04The whole Rs 168 crore issue was fresh capital for the company.
- 05The P/E was 20.97 at the upper band of Rs 105, based on post-issue EPS of Rs 5.01.
Risks · 7
- 01The latest financials cover only the nine months to 31 December 2024, with total income of Rs 270.27 crore and profit after tax of Rs 22.11 crore.
- 02Total borrowing rose from Rs 3.21 crore on 31 March 2022 to Rs 60.37 crore on 31 December 2024.
- 03Rs 54.48 crore of the proceeds was for unidentified acquisitions, so that use was not fixed at the time of the issue.
- 04The company moved into its own manufacturing only from 2021, so its record as a maker is short.
- 05Rs 72.50 crore of the Rs 168 crore issue was for working capital.
- 06The PAT margin was 8.85% and the EBITDA margin was 14.20%.
- 07Promoter holding fell from 100% before the issue to 72.82% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Prostarm Info Systems offer document.
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 230.04 | 203.05 | 155.39 | 98.03 |
| Total Income | 270.27 | 259.23 | 232.35 | 172.05 |
| Profit After Tax | 22.11 | 22.80 | 19.35 | 10.87 |
| EBITDA | 35.89 | 36.62 | 29.15 | 16.57 |
| NET Worth | 107.24 | 84.30 | 61.00 | 40.95 |
| Reserves and Surplus | 64.37 | 41.42 | 18.13 | 31.87 |
| Total Borrowing | 60.37 | 43.47 | 24.85 | 3.21 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Prostarm Info Systems RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Prostarm Info Systems IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹5.32 | ₹5.01 |
| P/E Ratio (x) | 19.75 | 20.97 |
| Market Cap at Offer Price (₹ Cr) | ₹436.38 | ₹463.38 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹105 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹168.00 Cr of the issue is earmarked to named objects.
Prostarm Info Systems IPO Anchor Investors
8 anchor investors across 8 fund houses committed ₹50.40 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Chhattisgarh Investments Ltd. | Chhattisgarh Investments | 952,394 | 10.00 | 19.84% |
| Astorne Capital Vcc-Arven | Astorne Capital | 952,394 | 10.00 | 19.84% |
| Santosh Industries Limited | Santosh Industries | 513,872 | 5.40 | 10.71% |
| Steptrade Revolution Fund | Steptrade | 476,268 | 5.00 | 9.92% |
| Vikasa India Eif I Fund-Share Class P | Vikasa | 476,268 | 5.00 | 9.92% |
| Abundantia Capital Vcc-Abundantia Capital Iii | Abundantia | 476,268 | 5.00 | 9.92% |
| Swyom India Alpha Fund | Swyom | 476,268 | 5.00 | 9.92% |
| Meru Investment Fund Pcc-Cell 1 | Meru Investment | 476,268 | 5.00 | 9.92% |
| Total anchor allocation | 50.40 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The products include UPS systems, inverters, solar hybrid inverters, lithium-ion battery packs and voltage stabilisers. The company also sells third-party batteries, handles end-of-life disposal and builds rooftop solar projects on an EPC basis.
Customers come from healthcare, aviation, railways, defence, banking, education, renewable energy, IT and oil and gas.
The IPO was a fresh issue of Rs 168 crore. Rs 72.50 crore was planned for working capital and Rs 17.96 crore for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Prostarm Info Systems IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Choice Capital Advisors Pvt.Ltd.
10 issues handled (7 mainboard, 3 SME)Best listing: Adroit Industries (India) (+75.4%). Weakest: Sonaselection India (+3.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Prostarm Info Systems?
The current Grey Market Premium is ₹12, or 11% over the issue price.
What is the Prostarm Info Systems IPO price band?
₹95 to ₹105, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 May 2025, with listing on 3 June 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
