Latest news with #ProstarmInfoSystems'
Mint
3 days 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.
Mint
3 days 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. 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.
Time of India
30-05-2025
- Business
- Time of India
Prostarm Info Systems IPO allotment likely today: Check status, GMP, and listing details
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. Prostarm Info Systems' Rs 168 crore IPO allotment is expected to be finalized today, following a 97x oversubscription. Shares are likely to be credited by June 2, with a June 3 listing on BSE and NSE anticipated. The grey market premium suggests a potential 19.05% gain upon listing, reflecting moderate market optimism. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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)
Time of India
29-05-2025
- Business
- Time of India
Prostarm Info Systems IPO subscribed 70 times Check GMP, listing, other details
Attracting a robust response from investors, Prostarm Info Systems' initial public offering (IPO) was subscribed by 69.91 times at the end of the bidding process, witnessing strong subscription across categories. Non-institutional investors (NIIs) led the demand, subscribing to the issue by a massive 154.17 times their allocated quota, while the qualified institutional buyers (QIBs) had subscribed 88.79%. Retail investors drove robust demand, subscribing ths offer by 23.01 times. The Rs 168 crore offering's listing is scheduled for June 3. Prostarm GMP points to positive debut In the grey market, Prostarm Info Systems' unlisted shares were trading at a premium of Rs 19 on Wednesday, indicating a potential listing price of around Rs 124. This suggests an 18% premium over the IPO's upper price band of Rs 105, according to sources monitoring grey market trends. Prostarm Info Systems IPO details Prostarm's IPO is a completely fresh issue, aiming to raise Rs 168 crore. The price band has been set at Rs 95–105 per share, with investors required to bid in lots of 142 shares, translating to a minimum investment of Rs 14,910 at the upper price band. Live Events The proceeds from the offering will be utilized for meeting working capital needs, repaying select borrowings, pursuing inorganic growth opportunities, and covering general corporate expenses. Choice Capital Advisors is the book-running lead manager for the issue, while KFin Technologies is serving as the registrar. The company's shares are slated to be listed on both the BSE and NSE on June 3. Should you subscribe to the Prostarm IPO? Brokerages appear cautiously optimistic. Bajaj Broking has issued a long-term subscribe call on the IPO, citing strong revenue momentum and operational performance. 'Prostarm has a strong balance sheet, with robust cash flow from operations and a healthy return on net worth. The IPO is fully priced, but its leadership in integrated power solutions and growing demand for energy infrastructure make it a compelling story for patient investors,' Bajaj Broking said. The company's financials reflect a growth trajectory: revenue rose from Rs 232 crore in FY23 to Rs 259 crore in FY24, and it reported Rs 270 crore in income during the first nine months of FY25. Net profit for the nine-month period stood at Rs 22.11 crore, nearly matching FY24's Rs 22.80 crore. About Prostarm Info Systems Established in 2008, Prostarm specializes in the design and manufacturing of energy storage and power conditioning solutions, including UPS systems, inverters, lithium-ion battery packs, and voltage stabilizers. The company also provides solar hybrid systems, reverse logistics services, and EPC solutions for rooftop solar projects. Prostarm serves a diverse client base across sectors such as aviation, defence, banking, and healthcare. Its portfolio includes notable names like the Airports Authority of India, Railtel, and NTPC Vidyut Vyapar Nigam. Also read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details
Economic Times
29-05-2025
- Business
- Economic Times
Prostarm Info Systems IPO subscribed 70 times Check GMP, listing, other details
Attracting a robust response from investors, Prostarm Info Systems' initial public offering (IPO) was subscribed by 69.91 times at the end of the bidding process, witnessing strong subscription across categories. ADVERTISEMENT Non-institutional investors (NIIs) led the demand, subscribing to the issue by a massive 154.17 times their allocated quota, while the qualified institutional buyers (QIBs) had subscribed 88.79%. Retail investors drove robust demand, subscribing ths offer by 23.01 times. The Rs 168 crore offering's listing is scheduled for June 3. In the grey market, Prostarm Info Systems' unlisted shares were trading at a premium of Rs 19 on Wednesday, indicating a potential listing price of around Rs 124. This suggests an 18% premium over the IPO's upper price band of Rs 105, according to sources monitoring grey market IPO is a completely fresh issue, aiming to raise Rs 168 crore. The price band has been set at Rs 95–105 per share, with investors required to bid in lots of 142 shares, translating to a minimum investment of Rs 14,910 at the upper price band. The proceeds from the offering will be utilized for meeting working capital needs, repaying select borrowings, pursuing inorganic growth opportunities, and covering general corporate expenses. Choice Capital Advisors is the book-running lead manager for the issue, while KFin Technologies is serving as the registrar. ADVERTISEMENT The company's shares are slated to be listed on both the BSE and NSE on June 3. Brokerages appear cautiously optimistic. Bajaj Broking has issued a long-term subscribe call on the IPO, citing strong revenue momentum and operational performance. ADVERTISEMENT 'Prostarm has a strong balance sheet, with robust cash flow from operations and a healthy return on net worth. The IPO is fully priced, but its leadership in integrated power solutions and growing demand for energy infrastructure make it a compelling story for patient investors,' Bajaj Broking company's financials reflect a growth trajectory: revenue rose from Rs 232 crore in FY23 to Rs 259 crore in FY24, and it reported Rs 270 crore in income during the first nine months of FY25. Net profit for the nine-month period stood at Rs 22.11 crore, nearly matching FY24's Rs 22.80 crore. ADVERTISEMENT Established in 2008, Prostarm specializes in the design and manufacturing of energy storage and power conditioning solutions, including UPS systems, inverters, lithium-ion battery packs, and voltage stabilizers. The company also provides solar hybrid systems, reverse logistics services, and EPC solutions for rooftop solar serves a diverse client base across sectors such as aviation, defence, banking, and healthcare. Its portfolio includes notable names like the Airports Authority of India, Railtel, and NTPC Vidyut Vyapar Nigam. ADVERTISEMENT Also read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
