Prostarm Info Systems IPO: Key Details and Market Response
Prostarm Info Systems Limited, a provider of power solutions and energy storage systems, launched its Initial Public Offering (IPO) on May 27, 2025. The IPO aims to raise ₹168 crore through a fresh issue of 1.60 crore equity shares.
IPO Details
Price Band: ₹95 to ₹105 per share
Lot Size: 142 shares
Minimum Investment: ₹14,910
Subscription Status
On the first day of bidding, the IPO witnessed strong investor interest, achieving full subscription. By the end of the day, the issue was subscribed nearly 1.01 times, with significant participation from retail and non-institutional investors.
Grey Market Premium (GMP)
The IPO is trading at a grey market premium (GMP) of ₹25 to ₹27, indicating a potential listing price of around ₹130 per share. This suggests a possible gain of approximately 23.8% over the upper end of the price band.
Use of Proceeds
The company plans to use the funds raised for:
Working capital requirements
Debt repayment
Business expansion
Important Dates
IPO Closes: May 29, 2025
Allotment Finalization: May 30, 2025
Listing Date: June 3, 2025
Exchanges: BSE and NSE
Expert Opinions
Analysts have noted Prostarm's focus on reliable power and energy storage solutions, aligning with the growing demand for clean energy. While some consider the IPO fully priced, others suggest it could be a good long-term investment.