Prostarm Info Systems IPO: Shares lists at Rs 120 on NSE with 14% premium over issue price
The listing comes amidst subdued debut performances by recent IPOs such as Leela Hotels, Aegis Vopak Terminals, Belrise Industries, and Borana Weaves. In contrast, Prostarm's IPO garnered robust demand across categories.
The IPO, which was open from May 27 to May 29, 2025, was subscribed an impressive 96.68 times overall. The Qualified Institutional Buyers (QIB) portion was subscribed 102.67 times, Non-Institutional Investors (NIIs) subscribed 222.13 times, and retail investors subscribed 39.48 times.
The issue was priced at ₹105 per share, with a lot size of 142 shares for retail investors, requiring a minimum investment of ₹13,490. Due to oversubscription, most retail investors applied at the cutoff price of around ₹14,910.
For small NIIs, the minimum application was 1,988 shares worth ₹2,08,740, while big NIIs had to apply for at least 9,656 shares, worth ₹10,13,880.
The allotment was finalized on May 30, with shares credited to demat accounts prior to today's listing. Prostarm's listing sets a positive tone for SME IPOs amid recent mainboard listing struggles.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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