About Prostarm Info Systems:
Incorporated in 2008, the company began by selling and installing batteries and UPS systems from third-party vendors. Since 2021, it has transitioned into designing, manufacturing, assembling, and servicing Energy Storage and Power Conditioning Equipment in India. Its product range includes UPS systems, inverters, lithium-ion batteries, and solar hybrid systems. The company also undertakes rooftop solar EPC projects and offers installation, rentals, AMCs, and after-sales services. It deals in both in-house and third-party products, including IT assets and reverse logistics solutions.
About the Industry in which Prostarm Info Systems operates:
India’s power backup market is growing due to ongoing power shortages and rising electricity demand across industries. The UPS market reached ₹96,432 million in FY24 and is projected to grow at an 8.22% CAGR by FY30. The lithium-ion battery market, valued at ₹558,078 million in FY24, is expected to grow at 19.67% CAGR. Meanwhile, the solar hybrid inverter market reached ₹5,242 million in FY24 and is forecasted to grow at 18.60% CAGR, driven by India’s shift toward renewable energy.
| Important Information and Timelines of the IPO of Prostarm Info Systems: | |
|---|---|
| Open Date | 27 May 2025 |
| Close Date | 29 May 2025 |
| Total Issue Size – Number of Shares | 16000000 |
| Minimum Bid Price | 95 |
| Maximum Bid Price | 105 |
| Lot Size | 142 |
| Basis of Allotment | 30 May 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 2 June 2025 |
| Listing Date | 3 June 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Prostarm Info Systems:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 142 | 14910 |
| Retail – Maximum | 13 | 1846 | 193830 |
| sHNI – Minimum | 14 | 1988 | 208740 |
| sHNI – Maximum | 67 | 9514 | 998970 |
| bHNI – Minimum | 68 | 9656 | 1013880 |
Objective of the IPO of Prostarm Info Systems:
- Funding the working capital requirements of the Company
- Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company
- Pursuing inorganic growth through potential acquisitions and other strategic initiatives, along with general corporate purposes
Financials of Prostarm Info Systems:
| Particulars | For the Nine-Month Period Ended Dec 31, 2024 | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|---|
| Share Capital | 4,287.46 | 4,287.46 | 4,287.46 | 908.36 |
| Net Worth | 10,724.39 | 8,429.59 | 6,100.00 | 4,095.10 |
| Revenue from Operations | 26,862.66 | 25,787.04 | 23,036.32 | 17,130.73 |
| EBITDA | 3,588.99 | 3,662.35 | 2,914.79 | 1,656.80 |
| EBITDA Margin (%) | 13.36% | 14.20% | 12.65% | 9.67% |
| Net Profit After Tax | 2,210.76 | 2,279.80 | 1,934.55 | 1,087.05 |
| Net Profit Margin (%) | 8.23% | 8.84% | 8.40% | 6.35% |
| Earnings Per Share (Basic) | 5.35 | 5.44 | 4.66 | 2.66 |
| Earnings Per Share (Diluted) | 5.21 | 5.44 | 4.66 | 2.66 |
| Net Asset Value per Equity Share | 25.01 | 19.66 | 14.23 | 9.55 |
| Total Borrowings | 6,037.19 | 4,346.96 | 2,485.15 | 320.94 |
| - Current Borrowings (incl. lease liabilities) | 5,665.55 | 3,885.52 | 1,808.34 | 98.76 |
| - Non-Current Borrowings (incl. lease liabilities) | 371.64 | 461.44 | 676.81 | 222.17 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Prostarm Info Systems. You will receive a UPI mandate after 10:00 AM on 27 May 2025.
###1. How to apply for the IPO of Prostarm Info Systems on Dhan?
You can apply for the IPO of Prostarm Info Systems from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Prostarm Info Systems be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 2 June 2025. However, you will be able to see the shares of Prostarm Info Systems on Dhan before the market starts on the listing date which is 3 June 2025.