Prostarm Info Systems IPO Allotment Today: Here're Steps To Check Status Online, Latest GMP Update
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Prostarm Info Systems IPO allotment is expected today, May 29. The IPO was subscribed 96.68 times. Shares will list on June 3, 2025. Check status on BSE, NSE, Kfin.
Prostarm Info Systems IPO Allotment Status: The allotment of the Prostarm Info Systems IPO is expected to be finalised today, Friday, May 29. Investors would start receiving bank debit messages, probably in the evening, once the allotment is finalised. They can also check the allotment status on the websites of the National Stock Exchange (NSE), the BSE, and registrar Kfin Technologies Ltd's portal.
The initial public offering of Prostarm Info Systems Ltd was open for bidding between May 27 and May 29. It received an overwhelming 96.68 times subscription on the last day of bidding, with a bidding of 1,08,27,61,360 shares as against the 1,12,00,000 shares on offer.
The retail and NII participation stood at 39.48 times and 222.13 times, respectively. Its qualified institutional buyer (QIB) category got a 102.67 times subscription, according to data from exchanges.
How To Check Prostarm Info Systems IPO Allotment Status? A Step-By-Step Guide
Investors can check their allotment status online. The IPO allotment status can be checked online by following these steps:
advetisement
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under 'Issue Type', select 'Equity'.
3) Under 'Issue Name', select 'Prostarm Info Systems Ltd' in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option.
Your share application status will appear on your screen.
The allotment status can also be checked on the NSE's website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
You can also visit directly on the registrar Kfin Technologies' portal — https://ipostatus.kfintech.com/ and check the Prostarm Info Systems IPO allotment status.
Prostarm Info Systems IPO GMP Today
According to market observers, unlisted shares of Prostarm Info Systems Ltd are currently trading at Rs 125 apiece in the grey market, which is a 19.05 per cent premium or GMP over the IPO price of Rs 105. It indicates decent listing gains for investors.
Prostarm Info Systems IPO Listing Date
The shares of Prostarm Info Systems Ltd are scheduled to be listed on both BSE and NSE on Tuesday, June 3, 2025.
Prostarm Info Systems IPO: Size, Fund Utility & Objective
The mainboard IPO has a fresh issue of 1.6 crore equity shares, and the price band for the offer was fixed in the range of Rs 95-105 per share. Prostarm Info Systems aimed to raise Rs 168 crore through the public issue.
The company intends to utilise Rs 72.50 crore of the total IPO proceeds towards funding capital requirements of the company, Rs 17.95 crore for payment of debt, and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives as well as for general corporate purposes.
Choice Capital Advisors is the book-running lead manager, and Kfin Technologies Ltd is the registrar to the offer.
About Prostarm Info Systems
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The company is an integrated power solution provider, especially in UPS system lithium-ion battery pack and third-party power solution products, among others. It caters to a range of industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, information technology and oil & gas.
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It manufactures several power solution products under the Prostarm brand, such as UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers, and isolation transformers.
Prostarm Info Systems operates three manufacturing facilities in Maharashtra. The company catered to more than 700 clients during FY24, including Larsen & Toubro Ltd, Tata Power Co. Ltd and Bajaj Finance Ltd.
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IPO
Location :
New Delhi, India, India
First Published:
May 30, 2025, 07:05 IST
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