Prostarm Info Systems IPO Allotment Status

Prostarm Info Systems Limited, incorporated in January 2008, is an Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as "Power Solution Products." The Prostarm Info Systems IPO comes with a total issue size of ₹168.00 crore, comprising entirely a fresh issue of 1.60 crore shares. The IPO opened on May 27, 2025, and closed on May 29, 2025. The allotment date for the Prostarm Info Systems IPO is expected to be finalised on Friday, May 30, 2025.

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Steps to Check Prostarm Info Systems IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Limited website.
• Select "Prostarm Info Systems IPO" from the dropdown menu on the allotment status page.
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status.

Steps to Check Prostarm Info Systems IPO Allotment Status on BSE/NSE

• Select Equity from the given options of Equity/Debt
• Navigate to the BSE IPO Allotment Status Page
• Choose "Prostarm Info Systems IPO" from the list of active IPOs in the dropdown menu.
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Prostarm Info Systems IPO Subscription Status

Prostarm Info Systems' IPO received overwhelming investor interest, being subscribed 96.67 times overall. Here is a category-wise breakdown of the subscription as of 5:29:03 PM on May 29, 2025:

• Retail Category: 39.48 times
• Qualified Institutional Buyers (QIB): 102.67 times
• Non-Institutional Investors (NII): 222.13 times

Utilization of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Working Capital: Funding the working capital requirements of the Company
• Debt Repayment: Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
• Strategic Growth: Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Business Overview

The company manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers. Prostarm offers customised and standard products, produced in-house and through contract manufacturers, and also sells third-party batteries, provides reverse logistics, end-of-life disposal services for UPS systems and batteries, and executes rooftop solar power plant projects in India on an EPC basis.

The company serves diverse industries including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas. As of May 17, 2025, the company's operations are supported by 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India, with a team of 423 permanent staff members and 19 individuals on a contractual basis as of March 31, 2025.