Prostarm Info Systems IPO allotment likely today: Check status, GMP, and listing details
Those who secure allotment can expect refunds on June 2 if not allotted, and those allotted can track the listing performance closely when the stock debuts on June 3.
Prostarm Info Systems' Rs 168 crore IPO allotment is expected to be finalized today, following a 97x oversubscription. Shares are likely to be credited by June 2, with a June 3 listing on BSE and NSE anticipated. The grey market premium suggests a potential 19.05% gain upon listing, reflecting moderate market optimism.
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The allotment for Prostarm Info Systems Limited's Rs 168 crore IPO is expected to be finalised today, May 30. The issue, which opened on May 27 and closed on May 29, received a strong response from investors across categories, with final subscription figures at 97x.Shares are likely to be credited to demat accounts by June 2, and the listing is scheduled for Tuesday, June 3 on both BSE and NSE.Ahead of the listing, Prostarm's grey market premium (GMP) is holding steady at Rs 20, suggesting an estimated listing price of Rs 125 against the upper band of Rs 105. This translates into a potential gain of around 19.05% for successful allottees, indicating moderate optimism in the unofficial market.Visit: https://www.bseindia.com/investors/appli_check.aspx Select 'Equity' and choose 'Prostarm Info Systems' from the dropdown.Enter your PAN or application number.Click 'Search' to view allotment status.Visit: https://ris.kfintech.com/ipostatus/ Choose ' Prostarm Info Systems IPO Enter PAN, application number, or client IDClick 'Submit' to view status.Prostarm Info Systems is a power solutions company involved in manufacturing UPS systems, lithium-ion battery packs, inverters, stabilisers, and offering turnkey EPC services for solar and power infrastructure. It caters to sectors like aviation, defence, IT, healthcare, and education.The IPO proceeds will be used to repay borrowings, fund working capital, and support inorganic growth plans. Financially, the company reported adjusted revenue of Rs 4,665 crore in FY25 and aims to improve profitability through operational upgrades, cost controls, and expansion into electric motorcycles.While the GMP signals decent listing prospects, market participants are watching QIB allocations and overall investor sentiment for final cues. Those who secure allotment can expect refunds on June 2 if not allotted, and those allotted can track the listing performance closely when the stock debuts on June 3.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
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