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Prostarm Info Systems IPO
Price Band
₹95.0–105.0
Issue Size
₹168.0 Cr
Lot Size
142 shares
Min Investment
₹14,910
GMP
+₹12.0 (11.43%)
Issue Price
₹105.0
Subject to Sauda
₹1300
Paid only if allotted
Prostarm Info Systems IPO AI Summary
- Prostarm Info Systems IPO is listed on BSE, NSE in the Other Electrical Equipment sector.
- Price band: ₹95.0–₹105.0 per share, lot size 142 shares (min. investment ₹14,910).
- Subscription window: 27 May–29 May 2025, listing on 03 Jun 2025.
- Current GMP is +₹12.0 (11.43%), an estimated listing price of ₹117 — unofficial and can change daily.
Prostarm Info Systems Limited is set to capitalize on the growing demand for energy solutions through its diverse product offerings and strong market presence. With a solid financial track record and strategic plans for growth, the IPO presents an opportunity for investors looking to engage with the renewable energy sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Prostarm Info Systems IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 May 2025 — not a current signal.
3 of 4 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Prostarm Info Systems IPO Grey Market Premium (GMP) Today
GMP
+₹12.0
GMP %
+11.43%
Est. Listing
₹117.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as "Power Solution Products." The company manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers. The company offers customised and standard products, produced in-house and through contract manufacturers. Additionally, they sell third-party batteries and provide reverse logistics, end-of-life disposal services for UPS systems and batteries, and other related products. The company also execute rooftop solar power plant projects in India on an EPC basis. The services of the company include installation, rental options, and after-sales support, such as warranty, post-warranty care, and Annual Maintenance Contracts (AMC), enhancing the value of our products for diverse customers. The company serves diverse industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas. The company's clientele includes the Airports Authority of India; Central Public Works Department, Patna Bihar; Public Works Department, New Delhi; West Bengal Public Health Engineering Department; West Bengal Electronic Industry Development Corporation Limited; Telangana State Technology Services Limited; Railtel Corporation of India Limited; and NTPC Vidyut Vyapar and Nigam Limited As of May 17, 2025, the company's operations are supported by 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India. As of March 31, 2025, the company employed a total of 423 permanent staff members and 19 individuals on a contractual basis. Competitive Strength Evolving product and service offerings for diverse industries. Established relationships with the customers and wide customer base Wide geographical presence and distribution network. Consistent track record of financial performance leading to strong balance sheet position. Experienced Promoters and senior management team with a committed employee base.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 230.04 | 203.05 | 155.39 | 98.03 |
| Total Income | 270.27 | 259.23 | 232.35 | 172.05 |
| Profit After Tax | 22.11 | 22.80 | 19.35 | 10.87 |
| EBITDA | 35.89 | 36.62 | 29.15 | 16.57 |
| NET Worth | 107.24 | 84.30 | 61.00 | 40.95 |
| Reserves and Surplus | 64.37 | 41.42 | 18.13 | 31.87 |
| Total Borrowing | 60.37 | 43.47 | 24.85 | 3.21 |
Key Ratios
EPS
₹5.32
NAV
₹19.66
ROE
31.41%
ROCE
32.41%
RoNW
32.09%
P/B Value
5.34
P/E Ratio
19.75
Market Cap
₹618.18 Cr
PAT Margin
8.85%
Debt/Equity
0.51
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sungarner Energies Limited | 41.32 | 16.78% | 55 | 5.22 | 5.22 |
| Servotech Power Systems Limited | 6.54 | 10.5% | 243 | 0.55 | 0.54 |
| Prostarm Info Systems Limited This IPO | 19.66 | 32.09% | — | 5.44 | 5.44 |
Promoters
Ram Agarwal, Sonu Ram Agarwal and Vikas Shyamsunder Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 72.50 2 Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company 17.96 3 Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes 54.48 4 Issue Expenses 23.06 Total 168.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹172.05 Cr in the year ending 31 Mar 2022, increasing to ₹232.35 Cr by 31 Mar 2023. It further rose to ₹259.23 Cr in the year ending 31 Mar 2024, and reached ₹270.27 Cr by 31 Dec 2024.
Profit Trend
Profit After Tax was ₹10.87 Cr in the year ending 31 Mar 2022, rising to ₹19.35 Cr by 31 Mar 2023. It then increased to ₹22.80 Cr in the year ending 31 Mar 2024, and was ₹22.11 Cr by 31 Dec 2024.
Valuation
Prostarm Info Systems Limited has an implied P/E ratio of 19.75 at the issue price, compared to peers trading at P/E ratios of 55 and 243.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. Consideration of the company's financial health and market conditions is also important.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it involves higher risks associated with new market entrants.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be affected by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Prostarm Info Systems's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Prostarm Info Systems IPO GMP today?
Prostarm Info Systems IPO GMP today is +₹12.0 (11.43%), indicating an estimated listing price of ₹117. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Prostarm Info Systems IPO?
The price band of Prostarm Info Systems IPO is ₹95.0–₹105.0 per share.
When does Prostarm Info Systems IPO open and close?
Prostarm Info Systems IPO opens on 27 May 2025 and closes on 29 May 2025.
When does Prostarm Info Systems IPO list on the stock exchange?
Prostarm Info Systems IPO listed on 03 June 2025 at ₹117.0.
What is the lot size for Prostarm Info Systems IPO?
The lot size for Prostarm Info Systems IPO is 142 shares, requiring a minimum investment of ₹14,910.
What is the price band for the IPO?
The price band for the IPO is ₹95 to ₹105.
What is the lot size for this IPO?
The lot size for this IPO is 142 shares.
What is the minimum investment amount?
The minimum investment amount is ₹14,910.
When will the IPO open and close?
The IPO will open on May 27, 2025, and close on May 29, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 May 2025
Close
29 May 2025
Allotment
30 May 2025
Listing
03 Jun 2025
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