The IPO will open on May 27 and conclude on May 29
Prostarm Info Systems Ltd on Wednesday announced price band of ₹95-105 a share for its upcoming initial public offering (IPO). The IPO will open on May 27 and conclude on May 29.
The IPO is entirely a fresh issue of 1.6 crore shares worth ₹168 crore. The shares will be listed on the BSE and the NSE.
Prostarm Info Systems intends to utilise ₹72.50 crore towards funding capital requirements, ₹17.95 crore for repayment/prepayment of all or a portion of certain outstanding borrowings and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives and for general corporate purposes.
Prostarm Info is an integrated power solution company, especially in UPS system lithium-ion battery pack, third party power solution products among others and. It caters to a range of industries including healthcare, aviation, research, BFSI, Railways, defence, security, education, renewable energy, information technology and oil & gas. It manufactures several power solution products under the Prostarm brand, such as UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers, and isolation transformers. It also undertakes turnkey rooftop solar photovoltaic power plant projects on an EPC basis, as well as AMCs.
Choice Capital Advisors Private Ltd is the Book Running Lead Manager, and KFIN Technologies Ltd is the Registrar to the offer.
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Published on May 21, 2025
