Prostarm Info Systems Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹95 - ₹105
- Lot size
- 142 shares
- Issue amount
- ₹168 cr
- Total subscription
- 97.2×
- Opens
- 27 May 2025
- Closes
- 29 May 2025
- Allotment
- 30 May 2025
- Listing
- 3 Jun 2025
Offer at a glance
Issue overview
- Issue size
- 1,60,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,490
- Fresh issue
- ₹168 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,910
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,28,74,592
- Shares after issue
- 5,88,74,592
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 142 | ₹14,910 |
| sHNI | 14 | 1,988 | ₹2,08,740 |
| bHNI | 68 | 9,656 | ₹10,13,880 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 805 | 40,445 |
| HNIs (2-10L) | 402 | 64,839 |
| RETAIL | 39,437 | 13,04,704 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 33.6 | 74.15 |
| RETAIL | 58.8 | 1,110.47 |
| NIB | 25.2 | 1,564.68 |
| HNIs 2+ | 8.4 | 468.17 |
| HNIs 10+ | 16.8 | 1,096.51 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.21 | 5.44 | 4.66 |
| ROE | 0 | 0 | 0 |
| ROCE | 22.95 | 32.41 | 41.45 |
| RONW | 23.95 | 32.09 | 39.21 |
| PRE IPO(PE) | 0 | 19.75 | 0 |
| POST IPO(PE) | 20.97 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company that specializes in designing, manufacturing, and selling energy storage and power conditioning equipment, commonly referred to as "Power Solution Products." These include UPS systems, inverter systems, solar hybrid inverters, lithium-ion battery packs, and voltage stabilizers. The company offers both customized and standard solutions, manufactured in-house or through contract partners, and also supplies third-party batteries. Additionally, Prostarm provides services such as reverse logistics, end-of-life disposal for UPS systems and batteries, and executes rooftop solar power plant projects on an EPC basis. Their offerings are complemented by installation, rental services, and comprehensive after-sales support, including warranty, post-warranty service, and Annual Maintenance Contracts (AMC). Serving a wide range of industries—such as healthcare, aviation, research, BFSI, railways, defense, education, IT, and renewable energy—their clientele includes major public sector organizations like the Airports Authority of India, CPWD Patna, PWD New Delhi, and NTPC Vidyut Vyapar Nigam Limited. As of May 17, 2025, Prostarm operates through 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India. The company had 423 permanent employees and 19 contract staff as of March 31, 2025.
Strengths
- Wide Range of Power Solutions: Provides both standard and custom power products, including solar EPC projects and after-sales support.
- Trusted by Government Clients: Works with major public sector organizations, ensuring strong credibility and repeat orders.
- Pan-India Presence: Operates through 21 branches across 18 states and 1 Union Territory, offering strong service and distribution reach.
Risk factors
- Regulatory Risk: A pending notice under the Customs Act could seriously impact the company if the outcome is unfavorable.
- High Customer Dependence: Relying on a few major clients means losing one could hurt revenue significantly.
- Dealer & Distributor Reliance: Business depends on third-party dealers and distributors—any issues with them could affect cash flow and daily operations.
Promoters
Ram Agarwal
Sonu Ram Agarwal
Vikas Shyamsunder Agarwal
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. EL 79 Electronic Zone, TTC, MIDC, Mahape Navi Mumbai, Thane
022 4528 0500
[email protected]Company website ↗Understanding PROSTARM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.