Prostarm Info Systems IPO Opens on May 27: Price Band, Lot Size & Key Details

Market Performance

Prostarm Info Systems IPO is set to launch on May 27, 2025, becoming the third mainboard IPO to debut on Dalal Street next week, alongside Aegis Vopak Terminals and Schloss Bangalore (The Leela).

The three-day subscription window will remain open till May 29, 2025.

Key Listing Information:

• Tentative Listing Date: June 3, 2025
• Exchanges: BSE and NSE
• Grey Market Premium (GMP): Nil (No premium over IPO price as of now)

Main News

Prostarm Info Systems IPO aims to raise capital through a completely fresh issue of 1.60 crore shares.

Price Band and Investment Details:

• Price Band: ₹95 to ₹105 per share
• Total Issue Size: ₹168 crore (at upper price band)
• Lot Size: 142 shares
• Minimum Investment (Retail): ₹13,490 per lot

IPO Reservation Breakdown:

• Qualified Institutional Buyers (QIBs): 50%
• Retail Investors: 35%
• Non-Institutional Investors (NIIs): 15%

The anchor investor book will open for bidding on May 26, 2025.

Company Details

Founded in 2008, Prostarm Info Systems manufactures and supplies Energy Storage and Power Conditioning Equipment. The company’s product portfolio encompasses a diverse selection, including:

• UPS Systems
• Lift Inverter Systems
• Solar Hybrid Inverter Systems
• Lithium-ion Battery Packs
• Servo-Controlled Voltage Stabilisers
• Isolation Transformers

It also provides third-party power solution products, such as:

• Batteries
• Solar Panels
• Reverse Logistics & IT Assets

Notable Clientele & Partnerships:

Prostarm is an empanelled vendor for several government and PSU bodies, including:

• Airports Authority of India
• Railtel Corporation of India
• NTPC Vidyut Vyapar Nigam
• Telangana State Technology Services Limited
• West Bengal Public Health Engineering Department

Fund Utilization Plan

Prostarm Info Systems plans to deploy the IPO proceeds towards multiple strategic and operational needs:

• Pre-payment or repayment of existing borrowings
• Inorganic growth through acquisitions
• Working capital requirements
• General corporate purposes

Summary

With a strong presence in the energy storage and power solutions sector, Prostarm Info Systems IPO presents itself as a significant addition to the upcoming IPO calendar. The company's diversified product offerings and solid institutional partnerships underscore its market standing.

Retail investors can start bidding from May 27 to May 29, with shares expected to list by June 3, 2025, on both BSE and NSE.