Prostarm Info Systems shares made a positive debut on Tuesday, June 3, 2025, following the completion of its initial public offering (IPO). Prostarm Info Systems share price listed at ₹120 per share on the National Stock Exchange (NSE), reflecting a premium of ₹15 or 14.29 per cent over the issue price of ₹105 per share.
On the BSE, Prostarm Info Systems shares listed at premium of ₹20 or 19.05 per cent at ₹125 per share.
IPO listing was above grey market estimates. Ahead of the listing, the unlisted shares of Prostarm Info Systems were trading around ₹117 per share, reflecting a grey market premium (GMP) of ₹12, or 11.43 per cent, over the issue price, revealed sources tracking unofficial market activities.
Prostarm Info Systems IPO details
The Prostarm Info Systems IPO consists entirely of a fresh issue of 16 million equity shares. The IPO is priced in a band of ₹95 to ₹105 per share, with a lot size of 142 shares.
The three-day subscription period to bid for the initial public offering (IPO) of Prostarm Info Systems opened on Tuesday, May 27, and concluded on Thursday, May 29, 2025. The basis of allotment of Prostarm Info Systems IPO shares was finalised on Friday, May 30, 2025, with shares getting credited into demat accounts on Monday, June 2, 2025.
The company, in its Red Herring Prospectus (RHP), said that it will use the IPO proceeds to fund working capital requirements, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, and for achieving inorganic growth through unidentified acquisitions and other strategic initiatives, as well as for general corporate purposes. ALSO READ: Dividend, stock split, bonus, rights issue: TaMo, TCS & 5 others in focus
About Prostarm Info Systems
Prostarm Info Systems specialises in energy storage and power conditioning equipment. They design, manufacture, and sell various power solution products, including UPS systems, inverters, and solar hybrid systems. The company serves diverse industries like healthcare, aviation, and renewable energy, with a wide geographical presence across 18 states and 1 union territory in India. Their services include installation, rental options, and after-sales support, catering to clients like Airports Authority of India and NTPC.
