Prostarm Info Systems IPO - Day 3 Subscription at 96.67 Times

Prostarm Info Systems' initial public offering (IPO) has shown extraordinary progress through its three-day subscription period. The ₹168.00 crore IPO has witnessed overwhelming demand, with subscription rates opening at 3.61 times on day one, surging to 12.74 times on day two, and reaching an exceptional 96.67 times by 5:29:03 PM on the final day, demonstrating remarkable investor enthusiasm for this Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as "Power Solution Products," including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers.

Prostarm Info Systems IPO non-institutional investors segment leads with an extraordinary 222.13 times subscription, while qualified institutional buyers show outstanding interest at 102.67 times and retail investors demonstrate strong participation at 39.48 times, reflecting exceptional investor confidence in this company that serves diverse industries including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, IT, and oil & gas through 21 branch offices and 2 storage facilities across 18 states and 1 union territory in India.

Prostarm Info Systems IPO subscription reaching an exceptional 96.67 times on the final day, led by NII (222.13x), QIB (102.67x) and Retail (39.48x). Check the details at 5paisa.

Subscription Status of Prostarm Info Systems IPO:

Here are the subscription details for Prostarm Info Systems IPO as of Day 3 (May 29, 2025, 5:29:03 PM):

Key Highlights - Day 3:

• Overall subscription reaching extraordinary 96.67 times, showing exceptional acceleration from day two's 12.74 times
• NII segment leading with unprecedented demand at 222.13 times, dramatically up from day two's 27.29 times
• Larger NIIs (above ₹10L) particularly exceptional at 249.80 times, reflecting massive institutional investor enthusiasm
• QIB segment showing outstanding growth to 102.67 times, dramatically up from day two's 1.03 times
• Retail investors demonstrating strong interest at 39.48 times, triple day two's 13.20 times
• Total applications reaching 17,54,404, indicating massive widespread investor participation
• Cumulative bid amount reaching an exceptional ₹11,368.93 crores, almost 68 times the issue size
• Final day demonstrating extraordinary confidence in energy storage and power conditioning sector
• All investor categories showing massive oversubscription, reflecting unprecedented investor confidence
• Subscription figures among the highest seen in recent IPO history
   

Prostarm Info Systems IPO - Day 2 Subscription at 12.74 Times

Key Highlights - Day 2:

• Overall subscription surging to 6.72 times, showing remarkable growth from day one's 3.61 times
• NII segment showing exceptional demand at 13.21 times, nearly double day one's 6.86 times
• Smaller NIIs (below ₹10L) are particularly active at 14.30, reflecting strong individual investor enthusiasm
• Retail investors demonstrating strong interest at 7.71 times, up from day one's 4.25 times
• QIB segment showing modest growth to 0.11 times, up from day one's 0.05 times
• Total applications reaching 2,99,462, indicating massive widespread investor participation
• The cumulative bid amount reached an impressive ₹789.87 crores, almost five times the issue size
• The second day demonstrated exceptional confidence in the energy storage and power conditioning sector
• All investor categories are showing substantial oversubscription, reflecting broad-based investor confidence

Prostarm Info Systems IPO - Day 1 Subscription at 3.61 Times

Key Highlights - Day 1:

• Overall subscription at 0.65 times, showing moderate initial investor response on the first day.
• Retail investors are showing good early interest at 0.95 times, indicating strong individual investor participation.
• NII segment showing solid initial participation at 0.82 times, with smaller NIIs (below ₹10L) particularly active at 1.11 times.
• The QIB segment is yet to show significant participation at 0.00 times on the first day.
• Total applications reached 29,700 on the first day, indicating initial investor awareness.
• The cumulative bid amount reached ₹76.485 crores on the opening day.
• First day setting the baseline for potential increased subscription in the coming days.
• Early participation reflects a cautious assessment of the energy storage and power conditioning equipment sector opportunity.

About Prostarm Info Systems IPO

Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as "Power Solution Products." The company manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers.

The company offers customised and standard products, produced in-house and through contract manufacturers. Additionally, they sell third-party batteries and provide reverse logistics, end-of-life disposal services for UPS systems and batteries, and other related products. The company also 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. Their clientele includes the Airports Authority of India, Central Public Works Department, Public Works Department, and various state government organisations.

Financial performance shows steady growth with revenue increasing from ₹172.05 crores in FY2022 to ₹259.23 crores in FY2024, while profit after tax rose from ₹10.87 crores to ₹22.80 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹270.27 crores with PAT of ₹22.11 crores. As of March 31, 2025, the company employed 423 permanent staff members and 19 individuals on a contractual basis. The company maintains strong profitability metrics with 31.41% ROE, 32.41% ROCE, and 32.09% RONW.

Highlights of the Prostarm Info Systems IPO:

• IPO type: Book Building IPO
• IPO size: ₹168.00 crores
• Fresh Issue: 1.60 crore shares
• Face value: ₹10 per share
• Issue price band: ₹95 to ₹105 per share
• Lot size: 142 shares
• Minimum investment for retail investors: ₹14,910
• Minimum investment for sNII: ₹2,08,740 (14 lots)
• Minimum investment for bNII: ₹10,13,880 (68 lots)
• Listing at: BSE, NSE
• IPO opens: May 27, 2025
• IPO closes: May 29, 2025
• Allotment date: May 30, 2025
• Listing date: June 3, 2025