Prostarm Info Systems IPO Price: ₹95 to ₹105 per share
IPO Dates: 27th May 2025 – 29th May 2025
Company Overview
Incorporated on January 11, 2008, Prostarm Info Systems Limited is an Indian company engaged in the design, manufacturing, assembly, sale, service, and supply of Energy Storage Equipment and Power Conditioning Equipment, collectively known as “Power Solution Products.” The company offers a wide range of solutions that include UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (SCVS), isolation transformers, and other related products.
Product and Service Offerings
Prostarm provides both customised and standard products, which are manufactured and assembled at its in-house facilities and also through third-party contract manufacturers. In addition to its proprietary offerings, the company deals in third-party power solution products such as batteries, reverse logistics/end-of-life services for UPS systems and batteries, and other assets like IT hardware and solar panels.
The company is also involved in executing rooftop solar photovoltaic power plant projects across India on an EPC (Engineering, Procurement, and Construction) basis. Its value-added services include installation, rental solutions, after-sales support, warranty and post-warranty services, and Annual Maintenance Contracts (AMCs) that enhance customer satisfaction.
Industries Served
Prostarm caters to a wide range of industries, including healthcare, aviation, research, banking and financial services (BFSI), railways, defence, security, education, renewable energy, information technology, and oil & gas. The company is known for its reliable and affordable power electronic solutions, especially for critical sectors like banking and healthcare.
Clientele and Empanelment
The company has established relationships with prestigious clients and government bodies. It is an empanelled vendor with several institutions, including the Airports Authority of India; Central Public Works Department, Patna; Public Works Department, New Delhi; West Bengal Public Health Engineering Department; West Bengal Electronic Industry Development Corporation Limited; Telangana State Technology Services Limited; Railtel Corporation of India Limited; and NTPC Vidyut Vyapar and Nigam Limited.
Manufacturing and Operations
Prostarm operates three manufacturing units in the state of Maharashtra. Unit I and Unit II are located at Pisoli, Pune, while Unit III is situated in Mahape, Navi Mumbai. These facilities are complemented by a network of 21 branch offices and 2 storage facilities across 18 states and 1 union territory as of May 17, 2025, ensuring a wide geographical presence and strong distribution capability.
Competitive Strengths
Prostarm’s sustained growth and success can be attributed to several competitive advantages:
- Diversified and evolving product portfolio catering to a wide range of industries.
- Established customer relationships and a broad customer base.
- Extensive geographical presence and efficient distribution network.
- Consistent financial performance that has resulted in a strong balance sheet.
- Experienced promoters and senior management supported by a dedicated employee base.
Bidding Starts In
Prostarm Info Systems IPO Specifics:
| IPO Date | May 27, 2025 to May 29, 2025 |
| Listing Date | Tuesday, June 3, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹105 per share |
| Lot Size | 142 Shares |
| Total Issue Size | 1,60,00,000 shares (aggregating up to ₹168.00 Cr) |
| Fresh Issue | 1,60,00,000 shares (aggregating up to ₹168.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,28,74,592 shares |
| Share Holding Post Issue | 5,88,74,592 shares |
Prostarm Info Systems IPO Timetable (Important Dates)
| IPO Open Date | Tuesday, May 27, 2025 |
| IPO Close Date | Thursday, May 29, 2025 |
| Basis of Allotment | Friday, May 30 2025 |
| Initiation of Refunds | Monday, June 2 2025 |
| Credit of Shares to Demat | Monday, June 2 2025 |
| Listing Date | Tuesday, June 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 29, 2025 |
Prostarm Info Systems IPO Lot Size
Bidders have the opportunity to bid for a minimum of 142 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Prostarm Info Systems IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Prostarm Info Systems Limited IPO Financial Information
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Dec 2024 |
|---|---|---|---|---|
| Assets | 98.03 | 155.39 | 203.05 | 230.04 |
| Revenue | 172.05 | 232.35 | 259.23 | 270.27 |
| Profit After Tax | 10.87 | 19.35 | 22.80 | 22.11 |
| Net Worth | 40.95 | 61.00 | 84.30 | 107.24 |
| Reserves and Surplus | 31.87 | 18.13 | 41.42 | 64.37 |
| Total Borrowing | 3.21 | 24.85 | 43.47 | 60.37 |
Key Performance Indicator – Prostarm Info Systems IPO
| KPI | Values |
|---|---|
| Market Cap | ₹ 618.18 Cr |
| EPS | ₹5.32 |
| P/E (x) | 19.75 |
| ROE | 31.41%% |
| ROCE | 32.41% |
| Debt/ Equity | 0.51 |
| RoNW | 32.09% |
Objects of the Issue:
Prostarm Info Systems Ltd plans to deploy the net proceeds from its IPO for the following key objectives:
- To meet working capital requirements and support the day-to-day operational needs of the company.
- To prepay or repay certain outstanding borrowings, thereby reducing the overall debt burden and improving the financial health of the company.
- To pursue strategic growth opportunities, including potential acquisitions and other business expansion initiatives, as well as for general corporate purposes.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
