The company is a Comprehensive Provider of Power Solutions, Particularly Focusing on UPS Systems and Lithium-or Lithium-or-Hi Battery Packs, Along with Various Third Power Solutions. It serves a diverse Array of sector, which include healthcare, aviation, research, bfsi, railway, railway, defense, security, education, renewable energy, Renewable Energy, Renewable Energy, Information Technology, and OIILOGY, and OILOGY.
Under the Prostarm Brand, It Produce Various Power Solution Products, Including UPS Systems, Inverter Systems, LIFT Inverter Systems, Solar Hybrid Inverter Systems, Lithium-ANI BATTERYY Packs, Servo-Controlled Voltage Stabilizers, and Isolation Transformers.
The company runs three manufacturing plants located in Maharashtra. During the fiscal year 2024, it serviced over 700 customers, include notable companies such as Larsen & Taubro Ltd, Tata Power Co. Ltd, and Bajaj Finance Ltd.
From a financial perceitive, the company achieved a rev the 268.62 Crore from Operations and Recorded a Profit after Tax (PAT) 22.10 Crore for the first nine months ending December 2024. 257.87 Crore and a pat of 22.79 Crore.
As per the Red Herring Prospectus (RHP), the company’s listed peers are servotech renewable power system (with a p/e of 243), and sungarner energies (with a p/e of 55).
Here are the 10 key things to know about prostarm info systems IPO:
Prostarm info systems IPO date: The issue opens for subscription on tuesday, may 27 and closes on Thursday, May 29.
Prostarm info systems IPO price band: The IPO price band has been fixed in the range of 95 to 105 per equity share of face value of 10.
Prostarm info systems iPo lot size: The issue’s lot size is 142 equity shares and in multiples of 142 equity shares there.
Anchor investors: The allocation to anchor investors for Prostarm Info Systems IPO is Scheduled to take place place today (monday, May 26).
Prostarm info systems iPo details: The issue is complete a fresh issue of 1,60,00,000 equity Share; There is no offer for sale
Prostarm info systems iPo objective: Prostarm info systems plans to allocate 72.50 Crore of the total proceeds from the IPO for the company’s capital needs, 17.95 Crore for Debt Repayment, and the rest will be directed towards Pursuing Inorganic Growth Through Unsepecified Acquisitions and Other Strategic Initiatives, In Addition to General Corporate Purpose.
Prostarm Info Systems IPO Listing Date and Allotment Details: Tentatively, Prostarm Info Systems IPO Basis of Allotment of Shares will be finalized on Friday, May 30 and the company will initiate refunds on the same day, whole be credited to the demat accounted Allottees on Monday, June 2. Prostarm info systems shares are likely to be listed on bse and nse on tuesday, June 3.
Lead manager and registrar of prostarm info systems IPO: Choice Capital Advisors Pvt Ltd Serves as the Book-Running Lead Manager for the Prostarm Info Systems IPO, whereas kfin technologies limited acts as the registrar for the offering.
Prostarm info systems iPo reservation: Prostarm Info Systems IPO Has Reserved Not More Than 50% of the Shares in the Public Issue for Qualified Institute Buyers (QIB), Not Less Than 15% For Non-Investigable Investors (NII) Offer is reserved for retail investors.
Prostarm info systems iPo gmp today: Prostarm Info Systems IPO Gmp Today or Grey Market Premium WAS 0, which meant shares was trading at their issue price of 105 with no premium or discount in the green market according to investorgain.com
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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