Prostarm Info Systems IPO allotment: Step-by-step guide to check status
The allotment of shares for the Prostarm Info Systems initial public offering (IPO) will be finalised on Friday, May 30, following a strong response from investors during the three-day bidding window that ended on May 29. The public issue was subscribed nearly 100 times, showing high demand from all categories of investors.Prostarm Info Systems raised Rs 168 crore through a completely fresh issue of 1.60 crore equity shares. The IPO opened for subscription on May 27, 2025, and closed on May 29, 2025.The price band for the IPO was fixed at Rs 105 per share. The minimum lot size for retail investors was 142 shares, requiring a minimum investment of Rs 13,490. However, most investors were advised to bid at the cut-off price to improve their chances of allotment, taking the application value to around Rs 14,910.For small non-institutional investors (sNII), the minimum application size was 14 lots or 1,988 shares, amounting to Rs 2,08,740. For big non-institutional investors (bNII), the minimum was 68 lots or 9,656 shares, requiring an investment of Rs 10,13,880.SUBSCRIPTION STATUSThe Prostarm Info Systems IPO was subscribed 96.68 times in total. The qualified institutional buyers (QIB) category saw a strong response with 102.67 times subscription. The non-institutional investors (NII) category was subscribed 222.13 times, while the retail portion was subscribed 39.48 times.HOW TO CHECK ALLOTMENT STATUSInvestors who applied for the IPO can check the allotment status online in two ways:Through BSE website:Go to the BSE IPO allotment status page.Select "Equity" as the issue type.Choose "Prostarm Info Systems Limited" from the dropdown list under issue name.Enter your application number.Fill in your PAN details.Complete the captcha as shown.Click on "Search" to check your allotment status.Through KFin Technologies website:Visit the IPO status page on the KFin Technologies website.Choose "Prostarm Info Systems Limited" from the list.Select your preferred method to check the status – Application Number, Demat Account Number, or PAN ID.Pick your application type (ASBA or Non-ASBA).Enter the required details.Complete the captcha.Click on "Submit" to view your allotment result.GMP AND EXPECTED LISTINGadvertisementThe grey market premium (GMP) has fallen in the past few trading sessions for the IPO. As of May 30, 2025, the last grey market premium (GMP) for Prostarm Info Systems IPO was Rs 20. Based on the upper price band of Rs 105 per share, the estimated listing price is Rs 125. This means investors can expect a listing gain of around 19.05% per share, if the GMP holds.The shares of Prostarm Info Systems are expected to list on both the BSE and NSE. The tentative listing date is Tuesday, June 3, 2025.Investors who receive allotment will have their shares credited to their demat accounts before the listing date. Refunds for unallotted applications will also be processed shortly after the allotment is finalised.advertisement
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