Prostarm Info Systems IPO opens for bidding. Should you subscribe?

Prostarm Info Systems Limited opened its initial public offering (IPO) for subscription today aiming to raise Rs 168 crore through a fresh issue of shares. The offer, which will close on May 29, has a price band set between Rs 95 to Rs 105 per share.

Investors can bid in lots of 142 shares, translating to a minimum investment of Rs 14,910 at the upper band. The shares are expected to be listed on the BSE and NSE on June 3.

The IPO is a book-building issue, and the company plans to use the proceeds to fund working capital needs, repay certain borrowings, pursue inorganic growth opportunities, and for general corporate purposes. Choice Capital Advisors is the lead manager and KFin Technologies is the registrar to the issue.


Ahead of the issue opening, Prostarm Info Systems IPO GMP was last seen at Rs 25, indicating a premium of 24% over the issue price.

Review: Should You Subscribe or Not?

According to Bajaj Broking, investors can consider subscribing to the issue for the long term. The company has shown consistent growth, with revenues rising from Rs 232 crore in FY23 to Rs 259 crore in FY24. In the nine months of FY25, it has already clocked Rs 270 crore in total income.

Net profit for the nine-month period stood at Rs 22.11 crore, nearly matching the full FY24 profit of Rs 22.80 crore.

"Prostarm has a strong balance sheet, with robust cash flow from operations and a healthy return on net worth. The IPO is fully priced, but its leadership in integrated power solutions and growing demand for energy infrastructure make it a compelling story for patient investors," the brokerage said.

Founded in 2008, Prostarm Info Systems is engaged in designing and manufacturing energy storage and power conditioning equipment such as UPS systems, inverters, lithium-ion battery packs, and voltage stabilisers.

It also provides solar hybrid solutions, reverse logistics, and EPC services for rooftop solar projects. The company serves diverse sectors including aviation, defence, BFSI, education, IT, and healthcare, with clients like Airports Authority of India, Railtel, and NTPC Vidyut Vyapar Nigam.

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