Prostarm IPO: The IPO of Prostarm Info Systems, a company that makes UPS systems, inverter systems, battery packs, and voltage stabilizers, has opened for subscription today.
This is a ₹168 crore issue, and all shares in this IPO are fresh shares—no existing shareholder is selling their stake.
Before the IPO opened, ₹50.4 crore was raised from eight anchor investors. In the grey market, its shares are showing a GMP (Grey Market Premium) of ₹25, which is 23.81% above the IPO’s upper price band.
But market experts advise that investment decisions should be based on the company’s financial health and fundamentals, not just grey market trends.
Prostarm IPO Details
You can invest in Prostarm Info Systems’ ₹168 crore IPO at a price band of ₹95–₹105 per share. Applications must be in lots of 142 shares.
The issue opens on 27 May and closes on 29 May. Allocation will be done on 30 May, and the stock will be listed on BSE and NSE on 3 June.
Kaffin Tech is the registrar for this issue. The IPO will issue 1.60 crore new equity shares with a face value of ₹10 each.
Out of the funds raised, ₹72.5 crore will be used for working capital, ₹17.96 crore for debt repayment, and the rest for acquisitions and general corporate purposes.
About Prostarm Info Systems
Prostarm Info Systems, founded in January 2008, manufactures and sells energy storage and power management products.
These include UPS systems, inverter systems, solar hybrid inverters, lithium-ion battery packs, and voltage stabilizers.
It also sells third-party batteries and offers services for recycling or replacing old UPS and batteries. The company also takes on EPC projects for rooftop solar power plants.
It serves multiple sectors like healthcare, aviation, BFSI, research, railways, defence, education, renewable energy, IT, and oil & gas. Some of its key clients include the Airports Authority of India (AAI), Railtel, NTPC Vidyut Vyapar Nigam Limited, and various Public Works Departments across India.
As of 17 May 2025, it has 21 branch offices and 2 storage facilities in 18 states and 1 Union Territory. The company’s financials have consistently improved.
In FY22, it reported a net profit of ₹10.87 crore, which rose to ₹19.35 crore in FY23, and reached ₹22.80 crore in FY24.
Its revenue grew at a CAGR of over 22%, reaching ₹259.23 crore. For the period April–December 2024 (FY25), net profit was ₹22.11 crore with revenue of ₹270.27 crore. As of December 2024, the company has a debt of ₹60.37 crore.
Should You Invest in the Prostarm IPO?
Domestic brokerage firm Bajaj Broking has recommended long-term investment in this IPO.
They say the company is financially strong, with a healthy balance sheet, good cash flow, and a strong return on net worth.
While the IPO is fully priced, the firm believes that Prostarm’s leadership in integrated power solutions and the rising demand for energy infrastructure make it a good option for long-term investment.
