Prostarm Info Systems’ initial public offering (IPO) has begun its subscription period with initial interest on the first day. The ₹168.00 crore IPO has witnessed early demand, reaching 0.65 times by 11:09:43 AM on the opening day, showing initial investor response to this Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as “Power Solution Products,” including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers.
Prostarm Info Systems IPO retail investors segment leads with 0.95 times subscription, while non-institutional investors show early participation at 0.82 times and qualified institutional buyers at 0.00 times, reflecting initial investor response to this company that serves diverse industries including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas through 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India.
Prostarm Info Systems IPO subscription at early 0.65 times on the first day, led by Retail (0.95x), NII (0.82x) and QIB (0.00x). Check the details at 5paisa.
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Subscription Status of Prostarm Info Systems IPO:
| Date | QIB | NII | Retail | Total |
| Day 1 (May 27) | 0.00 | 0.82 | 0.95 | 0.65 |
Here are the subscription details for Prostarm Info Systems IPO as of Day 1 (May 27, 2025, 11:09:43 AM):
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
| Qualified Institutions | 0.00 | 32,00,000 | 9,656 | 0.101 |
| Non-Institutional Buyers | 0.82 | 24,00,000 | 19,57,186 | 20.550 |
| – bNII (bids above ₹10L) | 0.67 | 16,00,000 | 10,72,668 | 11.263 |
| – sNII (bids below ₹10L) | 1.11 | 8,00,000 | 8,84,518 | 9.287 |
| Retail Investors | 0.95 | 56,00,000 | 53,17,474 | 55.833 |
| Total | 0.65 | 1,12,00,000 | 72,84,316 | 76.485 |
Key Highlights – Day 1:
- Overall subscription at 0.65 times, showing moderate initial investor response on the first day.
- Retail investors are showing good early interest at 0.95 times, indicating strong individual investor participation.
- NII segment showing solid initial participation at 0.82 times, with smaller NIIs (below ₹10L) particularly active at 1.11 times.
- The QIB segment is yet to show significant participation at 0.00 times on the first day.
- Total applications reached 29,700 on the first day, indicating initial investor awareness.
- The cumulative bid amount reached ₹76.485 crores on the opening day.
- First day setting the baseline for potential increased subscription in the coming days.
- Early participation reflects a cautious assessment of the energy storage and power conditioning equipment sector opportunity.
About Prostarm Info Systems IPO
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 executes rooftop solar power plant projects in India on an EPC basis.
The company serves diverse industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas. Their clientele includes the Airports Authority of India, Central Public Works Department, Public Works Department, and various state government organisations.
Financial performance shows steady growth with revenue increasing from ₹172.05 crores in FY2022 to ₹259.23 crores in FY2024, while profit after tax rose from ₹10.87 crores to ₹22.80 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹270.27 crores with PAT of ₹22.11 crores. As of March 31, 2025, the company employed 423 permanent staff members and 19 individuals on a contractual basis. The company maintains strong profitability metrics with 31.41% ROE, 32.41% ROCE, and 32.09% RONW.
Highlights of the Prostarm Info Systems IPO:
- IPO type: Book Building IPO
- IPO size: ₹168.00 crores
- Fresh Issue: 1.60 crore shares
- Face value: ₹10 per share
- Issue price band: ₹95 to ₹105 per share
- Lot size: 142 shares
- Minimum investment for retail investors: ₹14,910
- Minimum investment for sNII: ₹2,08,740 (14 lots)
- Minimum investment for bNII: ₹10,13,880 (68 lots)
- Listing at: BSE, NSE
- IPO opens: May 27, 2025
- IPO closes: May 29, 2025
- Allotment date: May 30, 2025
- Listing date: June 3, 2025
