Prostarm Info Systems Ltd
Price Range
₹95 - ₹105
-
Min. Quantity
142
Closes on
29 May 2025
-
Min. investment
₹14,910/1,846 Shares
Prostarm Info Systems Ltd IPO Timeline
Prostarm Info Systems Limited (erstwhile Prostar Micronova Power Systems Private Limited) was originally incorporated on January 11, 2008 as a Private Limited Company. Subsequently, Company was converted into Public Limited Company and name was changed to 'Prostar Micronova Power Systems Limited' on May 26, 2017. Further, the Company changed its name pursuant to Shareholders' Resolution on July 10, 2017 and Name of the Company was changed to 'Prostarm Info Systems Limited' pursuant to Fresh Certification of Incorporation dated July 28, 2017 by Registrar of Companies, Pune.
| Event | Date |
|---|---|
| Prostarm Info Systems Ltd IPO Opening Date | 27 May 2025 |
| Prostarm Info Systems Ltd IPO Closing Date | 29 May 2025 |
| Basis of Allotment | 30 May 2025 |
| Initiation of Refunds | 2 June 2025 |
| Credit of Shares to Demat | 2 June 2025 |
| Prostarm Info Systems Ltd IPO Listing Date | 3 June 2025 |
Prostarm Info Systems Ltd IPO Details
| Prostarm Info Systems Ltd IPO Date | 27 May 2025 to 29 May 2025 |
| Prostarm Info Systems Ltd IPO Face Value | ₹10 per share |
| Prostarm Info Systems Ltd IPO Price | ₹95 to ₹105 per share |
| Prostarm Info Systems Ltd IPO Lot Size | 142 |
| Issue Size | Shares of ₹10 (aggregating up to ₹152 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹168 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 32,00,000 of the Net Offer |
| Retail Shares Offered | Not less than 56,00,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 24,00,000 of the Net Offer |
| Company Promoters | Ram Agarwal, Sonu Ram Agarwal, Vikas Shyamsunder Agarwal |
Prostarm Info Systems Ltd IPO Lot Size
The Prostarm Info Systems Ltd IPO lot size is 142 shares. A retail-individual investor can apply for up to 13 lots (1,846 shares or ₹1,93,830).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 142 | ₹14,910 |
| Maximum | 13 | 1,846 | ₹1,93,830 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters and Management team.
- Well established infrastructure with technologies
- Wide geographical presence and distribution network
- Scalable business model with wide portfolio of clients across various industries.
- We believe that our diversified product portfolio helps us retain our customers and strengthen our cross-selling efforts across product portfolios
- Existing relationship with clients.
- Wide array of quality products and services.
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- Acquisition of further stake of its subsidiary to make it a wholly owned subsidiary
- General corporate purposes
Prostarm Info Systems Ltd IPO Promoter Holding
| Pre Issue Share Holding | 28.83% |
| Post Issue Share Holding | 21% |
Prostarm Info Systems Ltd IPO Subscription Status (Bidding Detail)
The Prostarm Info Systems Ltd IPO is subscribed 3.5517 times on 29 May 2025 05:00:00 PM. The public issue subscribed 4.1494 times in the retail category, 0.0466 times in the QIB category, and 6.8308 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 0.0466 | 6.8308 | 4.1494 | - | 3.5517 |
Prostarm Info Systems Ltd IPO Prospectus
Prostarm Info Systems Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | BSE, NSE |
| ISIN | INE0BX301013 |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
Plot No. EL 79 Electronic ZoneTTC MIDC Mahape Navi Mumbai,Thane-400710
Phone: 022 45280500
Email: cs@prostarm.com
Website: www.prostarm.com
Prostarm Info Systems Ltd IPO Registrar
Prostarm Info Systems Ltd IPO Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
FAQ
What is the issue size of Prostarm Info Systems Ltd IPO?
I have pre-applied for Prostarm Info Systems Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
