Prostarm Info Systems IPO
Bookbuilding IPO | ₹168.00 Cr | Listing at BSE, NSE
IPO Open
Tue, May 27, 2025
IPO Close
Thu, May 29, 2025
Price Band
₹95.00 to ₹105.00
Market Cap (Pre-IPO)
₹618.18 Cr
IPO Details
| IPO Date | May 27, 2025 to May 29, 2025 |
| Listing Date | Tentative: Jun 03, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹95.00 to ₹105.00 |
| Lot Size | 105 Shares (Minimum: ₹11,025.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹168.00 Crores |
| Total Shares Offered | 16,000,000 shares |
| Offer For Sale | 16,000,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 102.67x |
| NII | 222.13x |
| RII | 39.48x |
| Total | 96.68x |
Prostarm Info Systems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 80,00,000 (50.00%) |
| Retail Shares Offered | 56,00,000 (35.00%) |
| NII Shares Offered | 24,00,000 (15.00%) |
Prostarm Info Systems IPO Lot Size
Investors can bid for a minimum of 142 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 142 | ₹14,910 |
| Retail (Max) | 13 | 1,846 | ₹193,830 |
| S-HNI (Min) | 14 | 1,988 | ₹208,740 |
| S-HNI (Max) | 67 | 9,514 | ₹998,970 |
| B-HNI (Min) | 68 | 9,656 | ₹1,013,880 |
Prostarm Info Systems Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 230.04 | 203.05 | 155.39 | 98.03 |
| Total Income | 270.27 | 259.23 | 232.35 | 172.05 |
| Profit After Tax | 22.11 | 22.80 | 19.35 | 10.87 |
| EBITDA | 35.89 | 36.62 | 29.15 | 16.57 |
| NET Worth | 107.24 | 84.30 | 61.00 | 40.95 |
| Reserves and Surplus | 64.37 | 41.42 | 18.13 | 31.87 |
| Total Borrowing | 60.37 | 43.47 | 24.85 | 3.21 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 31.41% |
| ROCE (Return on Capital Employed) | 32.41% |
| Debt/Equity | 0.51 |
| RoNW (Return on Net Worth) | 32.09% |
| PAT Margin (Profit After Tax Margin) | 8.85% |
| EBITDA Margin | 14.20% |
| Price to Book Value | 5.34 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.32 | 5.01 |
| P/E (x) | 19.75 | 20.97 |
| Promoter Holding | 100.00% | 72.82% |
Company Promoters
- The Promoters of the Company are Ram Agarwal
- Sonu Ram Agarwal and Vikas Shyamsunder Agarwal.
Company Overview
Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as "Power Solution Products."
The company manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers.
The company offers customised and standard products, produced in-house and through contract manufacturers. Additionally, they sell third-party batteries and provide reverse logistics, end-of-life disposal services for UPS systems and batteries, and other related products. The company also execute rooftop solar power plant projects in India on an EPC basis.
The services of the company include installation, rental options, and after-sales support, such as warranty, post-warranty care, and Annual Maintenance Contracts (AMC), enhancing the value of our products for diverse customers.
The company serves diverse industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas.
The company's clientele includes the Airports Authority of India; Central Public Works Department, Patna Bihar; Public Works Department, New Delhi; West Bengal Public Health Engineering Department; West Bengal Electronic Industry Development Corporation Limited; Telangana State Technology Services Limited; Railtel Corporation of India Limited; and NTPC Vidyut Vyapar and Nigam Limited
As of May 17, 2025, the company's operations are supported by 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India.
As of March 31, 2025, the company employed a total of 423 permanent staff members and 19 individuals on a contractual basis.
Company Strengths
- Evolving product and service offerings for diverse industries.
- Established relationships with the customers and wide customer base
- Wide geographical presence and distribution network.
- Consistent track record of financial performance leading to strong balance sheet position.
- Experienced Promoters and senior management team with a committed employee base.
Use of Proceeds
| 1) | Funding working capital requirements of the Company. | 72.50 |
| 2) | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company | 17.96 |
| 3) | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. | 544.83 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Prostarm Info Systems IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Prostarm Info Systems Limited | 5.44 | 5.44 | 19.66 | 0.00 | 32.09 | 0.00 | Consolidated |
| Servotech Power Systems Limited | 0.55 | 0.54 | 6.54 | 243.00 | 10.50 | 0.00 | Consolidated |
| Sungarner Energies Limited | 5.22 | 5.22 | 41.32 | 55.00 | 16.78 | 10.95 | Consolidated |
Quick Info
| Sector | Electrical Equipment and Power & Energy |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹618.18 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | May 27, 2025 |
| IPO Close | May 29, 2025 |
| Allotment Date | May 30, 2025 |
| Credit to Demat | Jun 02, 2025 |
| Listing Date | Tentative: Jun 03, 2025 |
Lead Manager(s)
Choice Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Prostarm Info Systems IPO is a book build issue of ₹168.00 crores. The issue is entirely a fresh issue of 1.60 crore shares of ₹168.00 crore.
- Prostarm Info Systems IPO bidding started from May 27, 2025 and ended on May 29, 2025. The allotment for Prostarm Info Systems IPO was finalized on May 30, 2025. The shares got listed on BSE, NSE on Jun 3, 2025.
- Prostarm Info Systems IPO price band is set at ₹105.00 per share . The lot size for an application is 142. The minimum amount of investment required by an retail is ₹13,490 (142 shares). The lot size investment for sNII is 14 lots (1,988 shares), amounting to ₹2,08,740, and for bNII, it is 68 lots (9,656 shares), amounting to ₹10,13,880.