Prostarm Info Systems IPO Closed
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Schedule of Prostarm Info Systems
| Issue open date | 27 May 2025 |
| Issue close date | 29 May 2025 |
| UPI mandate deadline | 29 May 2025 (5 PM) |
| Allotment finalization | 30 May 2025 |
| Refund initiation | 02 Jun 2025 |
| Share credit | 02 Jun 2025 |
| Listing date | 03 Jun 2025 |
| Mandate end date | 13 Jun 2025 |
| Lock-in end date for anchor investors (50%) | 29 Jun 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Prostarm Info Systems
Prostarm Info Systems is a technology-driven company specialising in power conditioning and backup solutions. It provides a range of uninterruptible power supply (UPS) systems, solar power solutions, and other energy management products designed to ensure the reliability and efficiency of power infrastructure. Serving clients across industries such as IT, healthcare, education, and manufacturing, the company focuses on delivering dependable, cost-effective solutions tailored to critical operations. With an emphasis on quality, service, and gradual innovation, Prostarm Info Systems operates with a commitment to supporting business continuity and sustainable energy use.
Financials of Prostarm Info Systems
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹168 crores |
| Fresh Issue | ₹168 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of loans | 18 (30.24%) |
| Working capital requirements | 72.5 (43.15%) |
| Acquisition of subsidiary | 9 (5.35%) |
| General corporate purposes | (not above 25%) |
Strengths
- Broad product range across UPS, inverters, solar, and battery solutions.
- Served 700+ clients, including L&T, Tata Power, and Bajaj Finance.
- Wide distribution network with 22 branches and 478+ dealers.
- Strong financial growth from FY22 to FY24 in revenue and profit.
- ISO-certified manufacturing units ensure quality and standards.
Risks
- All manufacturing units located in Maharashtra, creating location risk.
- Facing regulatory notice under the Customs Act, may impact finances.
- High dependence on key suppliers for raw materials.
- Large working capital needs indicate ongoing funding pressure.
- Competes in a crowded market with strong domestic and global players.
Subscription Figures for Prostarm Info Systems
Subscription numbers as of 5:00 PM on 29 May 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 32.00 | 3285.44 | 102.67 |
| NII | 24.00 | 5331.05 | 222.13x |
| Retail | 56.00 | 2211.13 | 39.48x |
| Total | 112.00 | 10827.63 | 96.68x |