Get ready for Prostarm Info Systems IPO opening May 27 with a ₹95-₹105 price band. Discover the company’s plans, products, and why this integrated power solutions firm backed by Tata could be your next smart investment.
Prostarm Info Systems IPO Set to Open Soon: What Investors Need to Know
The upcoming week promises to be exciting for investors eyeing the IPO market, especially with Prostarm Info Systems launching its initial public offering. This integrated power solutions company, promoted by Ram Agrawal in 2008, is opening its IPO subscription on May 27, with a price band fixed between ₹95 and ₹105 per share. Investors will have until May 29 to apply, and anchor investors can place their bids a day earlier on May 26.
A Strong Backdrop: Company Overview and Market Position
Prostarm Info Systems Makes Integrated Power Solutions, Its products include UPS systems, lithium-ion battery packs and solar hybrid inverter systems at manufacturing level. Apart from manufacturing the company also does full fledged turnkey solar photovoltaic power plant projects. Prostarm has a nationwide footprint in three manufacturing units, Maharashtra and a nationwide sales network of more than 18 states & union territories through nearly 21 branches. The firm caters to various verticals viz. Healthcare, Aviation, Renewable Energy, IT & other reputed clientele like Larsen & Toubro (L&T), Tata Power and Bajaj Finance.
PM Internship Scheme Expands to 24K+ CSR Firms for Youth Jobs
IPO Details and Use of Funds: A Clear Growth Strategy
The IPO will offer 1.6 crore equity shares at a face value of ₹10 each via the book-building process. Managed by Choice Capital Advisors, the issue aims to raise capital to fuel expansion and strategic growth. Prostarm plans to allocate ₹72.50 crore from the IPO proceeds towards capital expenditure, while ₹17.95 crore will be directed to repay existing debt. The remaining funds are earmarked for potential acquisitions and other growth initiatives, signaling the company’s focus on scaling its operations and strengthening its market foothold.
SBI Officer Shocking Kannada Refusal Sparks Karnataka Storm
Listing Plans and Investor Outlook
Prostarm Info Systems intends to get listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), giving investors wider access. With the company’s robust product range, wide geographic footprint, and strong client base, this IPO presents a compelling opportunity for investors looking to tap into the growing integrated power solutions sector.
IndiGo Soars 62% to Record Q4 Profit, Declares ₹110 Dividend