Prostarm Info Systems IPO opened for subscription on May 27, 2025 and closed on May 29, 2025.
It was a book-building issue of ₹168.00 crore. The issue was a fresh issue of 1.60 crore shares. The Prostarm Info Systems IPO price band was set at ₹105 per share.
On Day 3 of subscription, May 29, as of 6:19 PM, Prostarm Info Systems IPO was subscribed 96.68 times. QIBs subscribed 102.67x, NIIs subscribed 222.13x, and retail investors subscribed 39.48x.
The share allotment was finalised on Friday, May 30, 2025, and the shares were listed on BSE and NSE on Tuesday, June 3, 2025.
On the listing day, on the NSE, Prostarm Info Systems share price (NSE: PROSTARM) opened at ₹120.00, up from its issue price of ₹105.00. At 10:26 AM, the share price was trading at ₹122.55, up by 16.71% from its issue price and up by 2.12% from its opening price. As of the same time, the stock touched its day’s high at ₹126.00. The company’s market cap was ₹721.51 crore.
On the BSE, at 10:29 AM, Prostarm Info Systems share price was trading at ₹122.60, down by 1.92% from its opening price of ₹125.00 and 16.76% up from its issue price of ₹105.
Prostarm Info Systems is engaged in the design, manufacturing, assembly, sale, service, and supply of Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products) in India. Its product portfolio includes UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (SCVS), isolation transformers, and other power solution products. The company offers both standard and customised solutions, which are manufactured and assembled at its in-house facilities and through third-party contract manufacturers.
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Prostarm Info Systems made a debut on both NSE and BSE, trading well above its issue price. The listing reflects positive investor sentiment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 3, 2025, 10:35 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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