Latest IPO in India: Positive Outlook for Prostarm Info Systems Ltd – 7 Key Highlights
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.