Latest news with #ProstarmInfoSystems
Mint
15 hours ago
- Business
- Mint
Prostarm Info Systems share price trades flat after decent stock market debut. Should you buy, hold or sell?
Prostarm Info Systems share price made a decent debut in the Indian stock market today as the stock was listed with a premium. On BSE, Prostarm Info Systems share price began trading at ₹ 125 per share, a 19.05% premium to the issue price of ₹ 105. On NSE, Prostarm Info Systems share price was listed with a 14.29% premium at ₹ 120 apiece. The initial public offering (IPO) of power solution products maker Prostarm Info Systems was launched on May 2, Prostarm Info Systems IPO listing date was today, June 3. Prostarm Info Systems IPO listing was better than the Street estimates as the Prostarm Info Systems IPO GMP or grey market premium ahead of debut was around 11%. As Prostarm Info Systems shares have now been listed, here's a look at what analysts suggest. According to Arun Kejriwal, founder of Kejriwal Research and Investment Services, Prostarm Info Systems has delivered a stronger performance than what was indicated by the grey market ahead of its listing. 'Prostarm Info Systems' IPO objectives were not short-term in nature, but focused on medium- to long-term growth. Accordingly, the benefits from this issue will also unfold over the medium to long term,' said Kejriwal. He noted that as the company begins to declare its financial results, investors will have the opportunity to evaluate its performance and potentially reinvest. 'At this point, there is no need for investors to buy the stock at a 20% premium to the issue price. It would be wiser to wait for better opportunities,' he added. For those who have already bought the shares, Kejriwal suggested booking profits and waiting for the stock to consolidate. 'This IPO witnessed strong subscription, and part of the listing gains can be attributed to the euphoria generated during the subscription phase,' he said. Prostarm Info Systems Well-Positioned for Long-Term Growth: Avinash Gorakshakar Commenting on the prospects of Prostarm Info Systems, Avinash Gorakshakar, Head of Research at Profitmart Securities, said the company is well-placed for long-term success. 'Prostarm is a promising player in the power solutions space, catering to several key sectors including defence, aerospace, power, railways, and BFSI. The company has a strong promoter profile with the right skill sets to scale up operations effectively. Overall, it is well-positioned to perform strongly over the long term,' he said. Read Prostarm Info Systems Share Price Live Updates here 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.
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Business Standard
16 hours ago
- Business
- Business Standard
Prostarm Info Systems share price today: Lists at 14% premium on NSE
Prostarm Info Systems shares made a positive debut on Tuesday, June 3, 2025, following the completion of its initial public offering (IPO). Prostarm Info Systems share price listed at ₹120 per share on the National Stock Exchange (NSE), reflecting a premium of ₹15 or 14.29 per cent over the issue price of ₹105 per share. On the BSE, Prostarm Info Systems shares listed at premium of ₹20 or 19.05 per cent at ₹125 per share. IPO listing was above grey market estimates. Ahead of the listing, the unlisted shares of Prostarm Info Systems were trading around ₹117 per share, reflecting a grey market premium (GMP) of ₹12, or 11.43 per cent, over the issue price, revealed sources tracking unofficial market activities. Prostarm Info Systems IPO details The Prostarm Info Systems IPO consists entirely of a fresh issue of 16 million equity shares. The IPO is priced in a band of ₹95 to ₹105 per share, with a lot size of 142 shares. The three-day subscription period to bid for the initial public offering (IPO) of Prostarm Info Systems opened on Tuesday, May 27, and concluded on Thursday, May 29, 2025. The basis of allotment of Prostarm Info Systems IPO shares was finalised on Friday, May 30, 2025, with shares getting credited into demat accounts on Monday, June 2, 2025. The company, in its Red Herring Prospectus (RHP), said that it will use the IPO proceeds to fund working capital requirements, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, and for achieving inorganic growth through unidentified acquisitions and other strategic initiatives, as well as for general corporate purposes. About Prostarm Info Systems Prostarm Info Systems specialises in energy storage and power conditioning equipment. They design, manufacture, and sell various power solution products, including UPS systems, inverters, and solar hybrid systems. The company serves diverse industries like healthcare, aviation, and renewable energy, with a wide geographical presence across 18 states and 1 union territory in India. Their services include installation, rental options, and after-sales support, catering to clients like Airports Authority of India and NTPC.
India Today
16 hours ago
- Business
- India Today
Prostarm Info Systems shares make strong D-Street debut; list at 19% premium
Shares of Prostarm Info Systems made a strong entry on Dalal Street on Tuesday. The stock listed at Rs 125 on the BSE, which was 19.04% higher than its issue price of Rs 105. On the NSE, the stock opened at Rs 120, marking a 14.28% premium over its issue listing was better than expected, as the grey market premium (GMP) before trading on June 3 had indicated an expected gain of around 11%.Prostarm Info Systems, founded in 2008, is involved in the design, production, and sale of energy storage and power management equipment. The company's products include UPS systems, inverter systems, solar hybrid inverters, lithium-ion battery packs, and voltage stabilisers. With a wide range of products, the company is part of the growing energy equipment sector in DETAILS AND INVESTOR RESPONSEThe company's initial public offering (IPO) was open for subscription from May 27 to May 29, 2025. The IPO received a strong response from investors and was subscribed 96.68 times in the retail category, the IPO was subscribed 39.48 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 102.67 times, while the Non-Institutional Investors (NIIs) category received 222.13 times subscription. This shows that investors from all categories were keen on the price band for the Prostarm Info Systems IPO was fixed at Rs 105 per share. For retail investors, the minimum application was one lot of 142 shares, which came to Rs 13,490. However, considering most retail investors applied at the cutoff price, the final investment went up to Rs 14,910 for one small NIIs (sNIIs), the minimum bid size was 14 lots or 1,988 shares, amounting to Rs 2,08,740. Large NIIs (bNIIs) had to apply for at least 68 lots or 9,656 shares, which required an investment of Rs 10,13, allotment of shares for the IPO was completed on Friday, May 30, 2025. Successful applicants had the shares credited to their demat accounts ahead of the listing day. advertisement
Mint
16 hours ago
- Business
- Mint
Prostarm Info Systems shares list at ₹120 on NSE, a premium of 14.29% from IPO price
Prostarm Info Systems IPO listing: Shares of Prostarm Info Systems IPO made a strong debut on the bourses on Tuesday, June 3, listing at ₹ 120 on NSE, a premium of 14.29 percent over the issue price of ₹ 105. Meanwhile, on BSE, it debuted at ₹ 125, up 19 percent from issue price. The IPO, valued at ₹ 168 crore, was open for subscription from May 27 to May 29. The IPO concluded on an strong note, receiving bids amounting to 96.68 times the shares on offer over the three-day bidding period. A total of 108.27 crore shares were bid for, compared to the 1.12 crore shares available. The retail investor portion was subscribed 39.42 times, while the non-institutional investor (NII) category saw a subscription of 222.13 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 102.67 times. Prostarm Info Systems IPO was a completely fresh issue comprising 1.6 crore shares, with no offer-for-sale component. The minimum application size was set at 142 shares, requiring a minimum investment of ₹ 14,910 from retail investors. According to Prostarm Info Systems' Draft Red Herring Prospectus (DRHP), the company plans to allocate ₹ 72.5 crore from the IPO proceeds towards the repayment of certain outstanding borrowings. Additionally, ₹ 18 crore is earmarked for funding capital expenditure. A portion of the raised funds will also be directed towards pursuing inorganic growth opportunities through potential acquisitions and other strategic initiatives, yet to be identified. The Prostarm Info Systems IPO had seen Choice Capital Advisors Pvt Ltd take charge as the lead book-running manager, with Kfin Technologies Limited handling the registrar responsibilities for the public offer. Prostarm Info Systems Limited, established in January 2008, is an Indian enterprise engaged in the development, production, and distribution of energy storage and power conditioning solutions, collectively known as "Power Solution Products." The company's product portfolio includes a wide range of power-related systems such as uninterruptible power supplies (UPS), inverter systems, solar hybrid inverters, lithium-ion battery packs, and voltage stabilisers. Prostarm offers both customised and standard solutions, manufactured either in-house or via contract manufacturing. In addition to its core offerings, the company also distributes third-party batteries and provides services like reverse logistics and end-of-life disposal for UPS systems and batteries. It is also involved in executing rooftop solar power plant projects across India on an EPC (Engineering, Procurement, and Construction) basis.
Business Standard
18 hours ago
- Business
- Business Standard
Prostarm Info Systems rises on debut
Shares of Prostarm Info Systems were currently trading at Rs 122.10 at 10:17 IST on the BSE, representing a premium of 16.29% compared with the issue price of Rs 105. The scrip was listed at Rs 125, exhibiting a premium of 19.05% to the issue price. So far, the stock has hit a high of 130 and a low of 120. On the BSE, over 8.47 lakh shares of the company were traded in the counter so far. The initial public offer of Prostarm Info Systems was subscribed 97.20 times. The issue opened for bidding on 27 May 2025 and it closed on 29 May 2025. The price band of the IPO is fixed between Rs 95 and 105 per share. The Initial Public Offer comprised a fresh issue of up to 1,60,00,000 equity shares of Rs 10 each. Of the net proceeds from the fresh issue of equity shares, about Rs 72.50 crore will be used to meet working capital requirements, Rs 17.96 crore for repayment/prepayment in full or in part of certain outstanding borrowings, and the balance for general corporate purposes. Total outstanding as of 31 March 2025, stood at Rs 66.92 crore. Ahead of the IPO, Aegis Prostarm Info Systems on Monday, 26 May 2025, raised Rs 50.40 crore from anchor investors. The board allotted 48,00,000 shares at Rs 105 each to 8 anchor investors. Prostram Info Systems, founded in 2008, is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company designs, manufactures, and assembles products in-house and via partners in India and China. It serves sectors like healthcare, IT, defense, and energy through direct sales and a nationwide distributor network. Prostram operates three units in Maharashtra and has strengthened its tech capabilities through strategic acquisitions and licensing agreements. The firm reported a consolidated net profit of Rs 22.93 crore and total income of Rs 268.63 crore for the nine months ended on 31 December 2024.
