Prostarm Info Systems, a Maharashtra-based company that produces power solutions such as UPS and inverters, is set to list its IPO. But here’s the surprise, today’s already off to a roaring start. Anchor investors have contributed ₹50.4 crore to the company before the IPO even opens to the public. Now, everyone awaits the main event, as bidding starts on May 27 and ends on May 29.
IPO Highlights and Key Dates
The total amount of ₹168 crore is going to be raised by the company from this IPO. This will result from a new issue of 1.6 crore equity shares. Price band of ₹95 to ₹105 a share has been fixed. If you are planning to invest, you will get an opportunity to do so from Tuesday, May 27. Until Thursday, May 29, 2025, the window will remain open for three days.
This IPO represents a significant milestone for Prostarm, which has been quietly expanding in the power backup space. They are experts in products designed to keep things going during power outages, something that many Indian homes and businesses depend on.
Anchor Investors and Fundraising Details
On May 26, a day before the opening of the IPO, Prostarm has confirmed that it has raised ₹50.4 crore by selling shares to anchor investors. They are major market participants who make investments before the general public. Stocks were priced at ₹105 per share, at the higher end of the band.
Among the anchor investors were familiar names such as Chhattisgarh Investment, Astron Capital, and Abundancia Capital. A total of 48 lakh shares were allocated to these initial backers. Early interest is usually a sign of good things to come, indicating faith in the company’s future.
GMP Signals Strong Listing Premium
Now let’s discuss the grey market buzz. Prostarm share grey market premium (GMP) as of May 26 is ₹25. It implies that individuals are ready to shell out ₹130 per share, ₹25 over the higher price band of ₹105.
That’s nearly a 24% expected gain right from day one if the listing happens at that price. Of course, nothing is guaranteed in the stock market, but this kind of interest usually means investors are feeling positive about the company’s prospects.
So, if you’re thinking of jumping in, keep your eyes on this IPO. It’s already off to a powerful start.
