Latest IPO in India: Prostarm Info Systems Ltd is set to launch its initial public offering (IPO) on May 27, 2025, marking a significant event in the Indian IPO landscape. As a prominent player in the power solutions sector, the company aims to raise ₹168 crore through this offering. This article dives deep into the essential IPO details, including the IPO price band, IPO subscription status, and much more.

Company Overview

Founded in 2008, Prostarm Info Systems Ltd specializes in energy storage and power conditioning solutions like UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. With a presence in 18 states and 1 UT, the company serves clients across healthcare, aviation, banking, and defense sectors.

IPO Timeline

• IPO Opening Date: May 27, 2025
• IPO Closing Date: May 29, 2025
• Basis of Allotment: May 30, 2025
• Initiation of Refunds: June 2, 2025
• Credit of Shares to Demat: June 2, 2025
• Listing Date: June 3, 2025

Price Band

The IPO price band is ₹95 – ₹105 per equity share with a face value of ₹10 each.

Lot Size

• Lot Size: 142 shares
• Minimum Investment: ₹13,490
• Maximum Investment (Retail): ₹1,93,830

Key Dates

• Anchor Investor Bidding: May 26, 2025
• UPI Mandate Confirmation Deadline: May 29, 2025 (by 5 PM)

Financials

Metric	FY2022	FY2023	FY2024
Revenue (₹ Cr)	171.87	231.21	257.35
PAT (₹ Cr)	12.40	20.61	23.96
Reserves & Surplus (₹ Cr)	32.52	19.34	43.29

Strengths

• Diverse product range for multiple industries
• Notable clients such as Airports Authority of India
• Pan-India operational presence
• Consistent revenue and profit growth

Risks

• Negative cash flow from operations
• High customer concentration risk
• Exposure to competitive and rapidly evolving market

IPO Anchor Investors Details

Anchor investor bidding is scheduled for May 26, 2025. Final investor names and allocations will be disclosed after this process.

IPO Promoter Holding Details

Shareholding Pattern	Pre-Issue (%)	Post-Issue (%)
Promoters	Not Disclosed	Not Disclosed
Public	Not Disclosed	Not Disclosed

IPO Grey Market Premium (GMP)

Date	GMP (₹)	Estimated Listing Price (₹)
May 25, 2025	0	₹105

Note: GMP suggests neutral sentiment ahead of listing.

Final Thoughts

Prostarm Info Systems Ltd’s IPO offers a chance to invest in a growing power solutions company with a strong client base and financial record. However, investors should weigh the risks, particularly cash flow concerns and customer dependency. The current GMP indicates flat market enthusiasm. Consider your investment goals and consult with your advisor before applying.