IPO Details

Bidding Dates

27 May '25 - 29 May '25

Minimum Investment

₹14,910 / 1 Lot (142 Shares)

Price Range

₹95 – ₹105

Maximum Investment

₹14,910 / 1 Lot (142 Shares)

Retail Discount

To be announced

Issue Size

₹168.00 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Prostarm Info Systems IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 27, 25

IPO Closing Date

May 29, 25

Basis of Allotment

May 30, 25

Initiation of Refunds

Jun 02, 25

IPO Listing Date

Jun 03, 25

About Prostarm Info Systems IPO

Prostarm Info Systems IPO is a book-built issue worth ₹168.00 crore, comprising a fresh issue of 1.60 crore equity shares. The IPO opens for subscription on May 27, 2025, and closes on May 29, 2025. The allotment is expected to be finalised on May 30, 2025, with tentative listing on BSE and NSE scheduled for June 3, 2025.

The IPO is priced in a band of ₹95 – ₹105 per share. Retail investors can apply for a minimum of 1 lot (142 shares), requiring an investment of ₹14,910 at the cutoff price. sNII investors must apply for at least 14 lots (1,988 shares), amounting to ₹2,08,740. For bNII, the minimum application size is 68 lots (9,656 shares), amounting to ₹10,13,880.

Choice Capital Advisors Private Limited is the book-running lead manager to the issue, and Kfin Technologies Limited is the registrar.

For detailed financials, company background, and risk factors, investors are advised to refer to the Prostarm Info Systems IPO RHP.

Industry Outlook

  1. The UPS Market is valued at ₹96,432 million in FY24, the Indian UPS market is projected to grow at a CAGR of 8.22% till FY30. Growth is fuelled by frequent power outages, increased reliance on digital infrastructure, and expanding commercial and industrial sectors.
  2. The Lithium-Ion Battery Market is estimated at ₹5,58,078 million in FY24, this market is expected to surge to ₹16,39,090 million by FY30, growing at a CAGR of 19.67%. Demand is driven by applications in electric vehicles, consumer electronics, and renewable energy storage.
  3. The Solar Hybrid Inverter Market has reached ₹5,242 million in FY24, with a CAGR of 9.21% between FY19 and FY24. It is forecasted to grow at 18.60% CAGR till FY30, supported by India’s push for decentralised solar energy adoption.
  4. The Solar EPC Market is currently at ₹135,464 million in FY24, the market is expected to grow to ₹2,22,112 million by FY30. Rooftop solar and integrated solar-plus-storage solutions are key growth drivers.

Prostarm Info Systems IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Allocate ₹7,250 lakhs to meet the company’s growing working capital requirements, supporting increased demand for its power solution products and services across India.
  2. Utilise ₹1,795.83 lakhs to prepay or repay, in full or in part, certain outstanding borrowings, thereby improving the company’s debt-to-equity ratio and reducing interest costs.
  3. Deploy a portion of the proceeds (not exceeding 25% of gross proceeds) for strategic acquisitions and other growth initiatives to expand market presence and product capabilities.
  4. Use the remaining funds (within a cap of 35% of gross proceeds) for general corporate purposes including brand building, operational efficiency, and potential capital expenditure.

About Prostarm Info Systems Limited

Prostarm Info Systems Limited, originally incorporated as Prostar Micronova Power Systems Private Limited in 2008, began its journey by selling and installing batteries and uninterruptible power supply (UPS) systems sourced from third-party vendors. The company transitioned into a public limited company in 2017 and adopted its current name the same year.

Today, Prostarm is a comprehensive power electronics solutions provider, engaged in the design, manufacturing, assembly, and supply of energy storage and power conditioning equipment. Its product portfolio includes UPS systems, inverters, lift inverter systems, solar hybrid inverters, lithium-ion battery packs, servo-controlled voltage stabilisers, and isolation transformers. The company also undertakes rooftop solar photovoltaic (PV) power plant projects on an EPC basis across India.

Prostarm serves a wide range of industries, including healthcare, BFSI, IT, defence, education, and renewable energy. It is an empanelled vendor with several government bodies such as the Airports Authority of India, NTPC Vidyut Vyapar Nigam Limited, and Railtel Corporation of India Limited.

With over 15 years of experience, Prostarm has built a strong customer base, with 40% of its Fiscal 2024 revenue coming from clients associated with the company for over three years. The company’s operations are supported by a mix of in-house manufacturing and third-party contract manufacturing, enabling it to offer both standard and customized solutions.

Prostarm’s strategic focus on quality, innovation, and customer-centric service positions it as a trusted partner in India’s growing power solutions and renewable energy landscape.

How To Check the Allotment Status of the Prostarm Info Systems IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Prostarm Info Systems IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Prostarm Info Systems IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Prostarm Info Systems IPO

Registered office: Plot No. EL 79, Electronic Zone, TTC, MIDC, Mahape, Navi Mumbai, Thane – 400 710, Maharashtra, India.

Phone: +91 22 4528 0500

E-mail: cs@prostarm.com

Prostarm Info Systems IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Issue

Retail Shares Offered

Not less than 35% of the Issue

NII (HNI) Shares Offered

Not less than 15% of the Issue

 

Prostarm Info Systems IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

142

₹14,910

Retail (Max)

13

1846

₹1,93,830

S-HNI (Min)

14

1,988

₹2,08,740

S-HNI (Max)

67

9,514

₹9,98,970

B-HNI (Min)

68

9,656

₹10,13,880

 

Prostarm Info Systems IPO Promoter Holding

The promoters of the company are Ram Agarwal, Sonu Ram Agarwal and Vikas Shyamsunder Agarwal.

Share Holding Pre-Issue

 

100.00%

Share Holding Post Issue     

72.82%

Key Performance Indicators for Prostarm Info Systems IPO

As of March 31, 2024, the market capitalisation of Prostarm Info Systems is ₹618.18

 crore. Here are the KPIs of Prostarm Info Systems:

KPI

Value

EBITDA Margin (%)

14.20

Net Profit Margin (%)

8.84

Return on Net Worth (%)

32.09

Return on Capital Employed (%)

32.41

 

Know before investing

Strengths

4

  1. Offers a wide range of power solutions including UPS, inverters, lithium-ion battery packs, and solar hybrid systems.

  2. Revenue from government contracts rose from 18% in FY22 to 46% in 9M FY24, with plans to expand further.

  3. Lithium battery pack manufacturing capacity scaled from 1.2 MWh to 100 MWh in December 2023.

  4. 478 dealers and distributors across India as of FY24, enabling deep market penetration.

Risks

4

  1. The company has received a show cause notice under the Customs Act, 1962, involving a potential liability of ₹24.9 crore.

  2. Over 70% of revenue in 9M FY24 came from the top 10 customers, posing a significant concentration risk.

  3. The company reported negative operating cash flows in FY23, FY24, and 9M FY24 due to rising receivables and inventory.

  4. Nearly half of FY24 revenue came from government institutions, which are prone to delayed payments and tender risks.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
Play Button

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Play Button

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Prostarm Info Systems IPO FAQs

What is the Prostarm Info Systems IPO?

Prostarm Info Systems IPO is a book-built issue IPO. It will be open from May 27, 2025, to May 29, 2025. 

When will the Prostarm Info Systems IPO be allotted?

The Basis of Allotment will happen on Friday, May 30, 2025.  

When will the Prostarm Info Systems IPO open for subscription?

The IPO subscription window will open on May 27, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 142 shares. 

When will Prostarm Info Systems Limited list on exchanges?

The listing date for Prostarm Info Systems Limited is Tuesday, Jun 3, 2025. 

What is the issue size of the Prostarm Info Systems IPO?

The issue size of the Prostarm Info Systems IPO is up to ₹168.00 crores, consisting of a fresh issue of 1.60 crore shares. 

What are the open and close dates of the Prostarm Info Systems IPO?

The open and close dates for Prostarm Info Systems IPO are from May 27, 2025, to May 29, 2025.