Prostarm Info Systems IPO to List on Tuesday; Here’s What Gmp Signals Ahead of Listing

Prostarm info systems iPo: The IPO of Prostarm Info Systems, Which concluded recently, is set to debut on the Indian stock exchanges on tuesday, June 03. The issue received a healthy results of investors DURING Its Bidding Period Between May 27 and May 29, Resulting in an Overall Subscription of 96.68 Times.

Given the Strong Demand, Investor Focus has shifted to Potential Listing Gains, Typical Gauged by the Grey Market Premium (Gmp). According to market sources, the company’s shares are commanding a healthy gmp of 22 Ahead of Listing.

Based on the IPO’s upper price band of 105 and the current gmp, the estimated listing price of Prostarm Info Systems Stands at 127 per share, 21% Above the issue price. The green market premium indicates investors’ willingness to pay a premium over the IPO price.

The mainboard iPo, Valued at 168 Crore, Is Entrely a Fresh issue of 1.60 Crore Shares. According to Exchange Data, The PROTION Reserved for Non-Institutional Investors was Subscribed 222 Times, Retail Investors 39.48 Times, and Qualified Institutional Buyers 102 Times.

The company proposes to utilize the net proseds from the issue towards Funding Working Capital Requirements. Prepayment or repayment of all or a portion of certain outstanding borrowings. To achieve inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes.

About Prostarm Info Systems

Prostarm Info Systems, Founded in 2008, is a power electronics company specializing in uninterrupti power power supply (UPS) system and energy storage solutions. It primarily catters to mission-critical sectors such as banking, healthcare, telecom, defense, oil and gas, education, and infrastructure.

With a product mixed ranging from traditional ups systems to lithium-ion battery packs and solar-posted inverters, Prostarm positions item as a reliable partner for organizations and Clean Power. The company’s mission revolves Around Delivering Technologically Advanced, Cost-Effective Power Backup and Conditioning Solutions Tailored to India’s DiversTructure Demands.

Its revealed from operations increase from 171.31 Crore in Fiscal 2022 to 257.87 Crore in Fiscal 2024, REPRESTING A Compounded Annual Growth Rate (CAGR) of 22.69%. Similarly, its profit for the year rose from 10.87 Crore in Fiscal 2022 to 22.83 Crore in Fiscal 2024, Reflecting a Cagr of 44.91%, as per the company’s rhp.

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