Updated 3 June 2025 at 11:33 IST
Shares of Prostarm Info Systems Limited made a remarkable debut on the stock exchanges on June 3, 2025, opening at Rs 125 on the BSE — a 19.04% premium over its issue price of Rs 105. On the NSE, the stock was listed at Rs 120, registering a 14.28% gain.
The listing came as a positive surprise, especially as the company's grey market premium (GMP) had seen a steep drop from Rs 20 to Rs 12 per share ahead of the listing, as per market tracker.
This 40% decline in GMP had dampened expectations, suggesting listing gains of only 10–11%. However, the final listing exceeded those projections, offering better-than-expected returns for investors.
Prostarm Info Systems IPO Details
The strong debut follows a stellar response to Prostarm’s IPO, which ran from May 27 to May 29, 2025, and was subscribed 96.68 times overall. As per market tracker websites, the IPO attracted over 17.54 lakh applications worth Rs 11,370 crore, reflecting significant investor confidence.
The company raised Rs 168 crore through the issue, with the entire offering comprising a fresh sale of 1.6 crore equity shares in a price band of Rs 95– Rs 105, and a lot size of 142 shares.
Institutional and Retail Interest Skyrockets
Investor enthusiasm was evident across all categories:
Qualified Institutional Buyers (QIBs) subscribed 104.49 times
Non-Institutional Investors (NIIs) showed even greater interest, subscribing 222.14 times
The retail quota saw 39.49 times subscription
This robust demand underscores the confidence various investor segments have in the company’s future.
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About Prostarm Info Systems
Incorporated in January 2008 and headquartered in Navi Mumbai, Prostarm Info Systems Limited specialises in designing, manufacturing, and selling energy storage and power conditioning equipment, commonly referred to as “Power Solution Products.”
Prostarm Info Systems IPO Running Mangager
The IPO process was managed by Choice Capital Advisors, acting as the sole book-running lead manager, while Kfin Technologies served as the registrar. Their involvement added credibility to the offering and ensured a smooth execution.
Published 3 June 2025 at 11:30 IST