Prostarm Info Systems IPO
May 27, 2025 - May 29, 2025
Exp. Premium: 24 (22.86 %)
*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Prostarm Info Systems IPO Details
May 27, 2025
Open Date
May 29, 2025
Close Date
May 30, 2025
Allotment Date
June 3, 2025
Listing Date
Per Lot Price
14910
Price Range
95-105
Total Issue Size
168.00 Cr
Fresh Issue Size
168.00 Cr
Face Value
10
Listing at Group
NSE, BSE
Registrar
KFin Technologies Limited
Lead Manager
Choice Capital Advisors Private Limited
Offer For Sale
NIL
Subscription
20.47
About Company
Prostarm Info Systems are engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (“Power Solution Products”) in India.
They manufactured Power Solution Products comprise of UPS system, inverter system, lift inverter system, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (“SCVS”), isolation transformers and other power solution products.
The operations are supported by a network of twenty-two (22) branch offices and two (2) storage facilities across seventeen (17) states and one (1) union territories within India.
Promoter Details
The Promoters of the Company are Ram Agarwal, Sonu Ram Agarwal and Vikas Shyamsunder Agarwal.
Market Lot Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 142 | ₹14,910 |
| Retail (Max) | 13 | 1846 | ₹1,93,830 |
| S-HNI (Min) | 14 | 1988 | ₹2,08,740 |
| S-HNI (Max) | 67 | 9514 | ₹9,98,970 |
| B-HNI (Min) | 68 | 9656 | ₹10,13,880 |
Quota Details
| Category | Percentage (%) |
|---|---|
| QIB | 50% |
| HNI | 15% |
| Retail | 35% |
Important Dates Timetable
| Open Date | May 27, 2025 |
| Close Date | May 29, 2025 |
| Allotment Date | May 30, 2025 |
| Initiation of Refunds | June 2, 2025 |
| Credit of Shares to Demat | June 2, 2025 |
| Listing Date | June 3, 2025 |
Objects Of The Issue
1. Funding working capital requirements of our Company;
2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
3. Acquisition of further stake of our Subsidiary to make it a wholly owned subsidiary;
4. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes
Company Contact Details
Prostarm Info Systems Limited
Plot No. EL 79
Electronic Zone, TTC, MIDC,
Mahape Navi Mumbai, Thane
Phone: 022 4528 0500
Email: [email protected]
Website: https://prostarm.com/
Registrar Details
KFin Technologies Limited
Selenium, Tower-B, Plot No- 31 and 32,
Financial District Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana, India
Telephone: +91 40 6716 2222 / 1800 309 4001
Email: [email protected]
Investor grievance email: [email protected]
Contact person: M Murali Krishna
Website: www.kfintech.com
SEBI Registration no.: INR000000221
Manager Details
Choice Capital Advisors Private Limited
Sunil Patodia Tower, Plot No. 156-158
J.B. Nagar, Andheri (East),
Mumbai – 400 099, Maharashtra, India
Telephone: +91 22 6707 9999 / 7919 (ext.)
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.choiceindia.com/merchant-investment-banking
Contact Person: Nimisha Joshi / Shreya Poddar
SEBI Registration No: INM000011872