Latest news with #Prostarm
Business Upturn
3 days ago
- Business
- Business Upturn
Prostarm Info Systems IPO: Shares lists at Rs 120 on NSE with 14% premium over issue price
Prostarm Info Systems Limited had a solid listing on the bourses today, opening at ₹120 on the NSE and ₹125 on the BSE, marking a 14.3% and 19.04% premium respectively over its issue price of ₹105. 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.
Mint
3 days ago
- Business
- Mint
Prostarm Info Systems Share Price Live: Here's what GMP, experts hint about share debut on the Indian stock market
The equity shares of Prostarm Info Systems, a manufacturer of power solution products, are set to launch today on the Indian stock market following a recently completed initial public offering (IPO). Prostarm Info Systems IPO listing date is today, June 3, 2025. The public offering was available from May 27 to May 29, and the IPO allotment took place on May 30. The IPO listing date is June 3, which falls on a Tuesday. Trading Members of the Exchange are hereby notified that effective Tuesday, June 3, 2025, the equity shares of PROSTARM INFO SYSTEMS LIMITED will be listed and allowed for trading on the Exchange as part of the 'T' Group of Securities. Additionally, the script will be in the Trade-for-Trade segment for a duration of 10 trading days, according to a notice from the BSE. Prostarm Info Systems shares will be included in the Special Pre-open Session (SPOS) on Tuesday, June 3, 2025, and will be available for trading starting at 10:00 AM. As an integrated provider of power solutions, Prostarm Info Systems specializes in UPS systems, lithium-ion battery packs, and various third-party power solution products, among others. The company serves multiple sectors, including healthcare, aviation, research, BFSI, railways, defense, security, education, renewable energy, information technology, and oil & gas. The company produces a variety of power solution products under the Prostarm brand, including UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilizers, and isolation transformers. Prostarm operates three manufacturing plants in Maharashtra. In the fiscal year 2024, the company served over 700 clients, including prominent names such as Larsen & Toubro Ltd, Tata Power Co. Ltd, and Bajaj Finance Ltd. The initial share sale of integrated power solutions company Prostarm Info Systems Ltd, valued at ₹ 168 crore, was oversubscribed by an impressive 97.20 times by the end of the bidding period on Thursday, thanks to strong interest from institutional investors. The Initial Public Offer (IPO) attracted bids for 108,86,41,296 shares compared to 1,12,00,000 shares available, as per NSE data. The segment for non-institutional investors saw a tremendous subscription of 222.14 times, while the Qualified Institutional Buyers (QIBs) portion achieved a subscription rate of 104.49 times. The Retail Individual Investors (RIIs) category recorded a subscription of 39.49 times. Prostarm Info Systems IPO GMP today is +12. This indicates Prostarm Info Systems share price is trading at a premium of ₹ 12 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Prostarm Info Systems share price is indicated at ₹ 117 apiece, which is 11.43% higher than the IPO price of ₹ 105. According to the activities observed in the grey market over the last 15 sessions, the present GMP ( ₹ 12) indicates a downward trend. The lowest recorded GMP stands at Re 0.00, whereas the peak GMP reached ₹ 25, as noted by experts from Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
4 days ago
- Business
- Mint
Prostarm Info Systems IPO to list on Tuesday; here's what GMP signals ahead of listing
Prostarm Info Systems IPO: The IPO of Prostarm Info Systems, which concluded recently, is set to debut on the Indian stock exchanges on Tuesday, June 03. The issue received a healthy response from all categories of investors during its bidding period between May 27 and May 29, resulting in an overall subscription of 96.68 times. Given the strong demand, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are commanding a healthy GMP of ₹ 22 ahead of listing. Based on the IPO's upper price band of ₹ 105 and the current GMP, the estimated listing price of Prostarm Info Systems stands at ₹ 127 per share, 21% above the issue price. The grey market premium indicates investors' willingness to pay a premium over the IPO price. The mainboard IPO, valued at ₹ 168 crore, is entirely a fresh issue of 1.60 crore shares. According to exchange data, the portion reserved for non-institutional investors was subscribed 222 times, retail investors 39.48 times, and qualified institutional buyers 102 times. The company proposes to utilize the net proceeds from the issue towards funding working capital requirements. Prepayment or repayment of all or a portion of certain outstanding borrowings. To achieve inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes. Prostarm Info Systems, founded in 2008, is a power electronics company specializing in uninterruptible power supply (UPS) systems and energy storage solutions. It primarily caters to mission-critical sectors such as banking, healthcare, telecom, defense, oil and gas, education, and infrastructure. With a product mix ranging from traditional UPS systems to lithium-ion battery packs and solar-powered inverters, Prostarm positions itself as a reliable partner for organizations needing continuous and clean power. The company's mission revolves around delivering technologically advanced, cost-effective power backup and conditioning solutions tailored to India's diverse infrastructure demands. Its revenue from operations increased from ₹ 171.31 crore in Fiscal 2022 to ₹ 257.87 crore in Fiscal 2024, representing a Compounded Annual Growth Rate (CAGR) of 22.69%. Similarly, its profit for the year rose from ₹ 10.87 crore in fiscal 2022 to ₹ 22.83 crore in fiscal 2024, reflecting a CAGR of 44.91%, as per the company's RHP. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
30-05-2025
- Business
- Economic Times
Prostarm Info Systems IPO allotment likely today: Check status, GMP, and listing details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 are likely to be credited to demat accounts by June 2, and the listing is scheduled for Tuesday, June 3 on both BSE and 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 Select 'Equity' and choose 'Prostarm Info Systems' from the your PAN or application 'Search' to view allotment Choose 'Prostarm Info Systems IPO'Enter PAN, application number, or client IDClick 'Submit' to view 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 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 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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Business Standard
29-05-2025
- Business
- Business Standard
Prostarm Info Systems IPO subscribed 97x; Scoda Tubes offer booked 8.11x
The initial public offering (IPO) of Prostarm Info Systems garnered subscription of 97 times, generating bids worth over ₹11,000 crore. The qualified institutional buyers (QIBs) portion of the IPO was subscribed 104x, high networth individual 222x and retail nearly 40x. Through the IPO, Prostarm raised ₹168 crore in fresh capital. The company is an integrated power solution provider, especially in UPS system lithium-ion battery packs 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. The initial public offering (IPO) of stainless-steel tubes and pipes manufacturer Scoda Tubes fetched 8.11 times subscription on the second day of bidding on Thursday. Investors booked 96,085,200 shares against 11,846,169 shares on offer, according to NSE data. The category for non-institutional investors attracted 20.21 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 6.46 times. The portion for qualified institutional buyers (QIBs) received 1.93 times subscription. Scoda Tubes on Tuesday raised ₹66 crore from anchor investors. The Gujarat-based company's IPO is entirely a fresh issue of equity shares, aggregating up to ₹220 crore with no offer for sale (OFS) component.
