Prostarm Info Systems IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (“Power Solution Products”) in India. Their manufactured Power Solution Products comprise of UPS system, Inverter system, Lift Inverter System, Solar Hybrid Inverter Systems, Lithium-Ion Battery Packs, Servo-Controlled Voltage Stabilizers (“SCVS”), Isolation Transformers and other Power solution products.

Prostarm Info Systems, an Book Built Issue Issue amounting to ₹ 168.00 Crores, consisting entirely an Fresh Issue of 160.00 Lakh SharesThe subscription period for the Prostarm Info Systems IPO opens on May 27, 2025, and closes on May 29, 2025. The allotment is expected to be finalized on or about Friday, May 30, 2025, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Tuesday, June 03, 2025.

The Share Price Band of Prostarm Info Systems IPO is set at ₹ 95 to ₹ 105 per equity share. The Market Capitalisation of the Prostarm Info Systems Limited at IPO price of ₹ 105 per equity share will be ₹ 618.18 Crores. The lot size of the IPO is 142 shares. Retail investors are required to invest a minimum of ₹ 14,910, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,988 shares), amounting to ₹ 2,08,740.

Choice Capital Advisors Private Limited is the book running lead manager of the Prostarm Info Systems IPO, while KFin Technologies Limited is the registrar for the issue.

Prostarm Info Systems Limited IPO GMP Today
The Grey Market Premium of Prostarm Info Systems Limited IPO is expected to be ₹ 17 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only

Prostarm Info Systems Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 29 May, 2025, the Prostarm Info Systems Limited IPO live subscription status shows that the IPO subscribed 97.20 times on its Final day of subscription period. Check the Prostarm Info Systems IPO Live Subscription Status Today at
 BSE.

Prostarm Info Systems IPO Anchor Investors Report
Prostarm Info Systems has raised ₹ 50.4 Crores from Anchor Investors at a price of ₹ 105 per shares in consultation of the Book Running Lead Managers. The company allocated 48,00,000 equity shares to the Anchor Investors. Check Full List of Prostarm Info Systems Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.


Prostarm Info Systems Limited Day Wise IPO GMP Trend

Date

IPO Price

Expected Listing Price

GMP

Last Updated 

22 May 2025 ₹ 105 ₹ 122 ₹ 17 (16.19%) 12:00 PM; 22 May 2025


Prostarm Info Systems Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Prostarm Info Systems IPO allotment date is 30 May, 2025, Friday. Prostarm Info Systems IPO Allotment will be out on 30th May, 2025 and will be live on Registrar Website from the allotment date. 
Check Prostarm Info Systems IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Prostarm Info Systems Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Prostarm Info Systems Limited IPO
Prostarm Info Systems to utilise the Net Proceeds towards the following objects: 
1. ₹ 7,250.00 Lakh is required for Funding working capital requirements of the Company;
2. ₹ 1,795.83 Lakh is required for Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
3. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes

Refer to Prostarm Info Systems Limited RHP for more details about the Company.

Prostarm Info Systems IPO Details

IPO Date May 27, 2025 to May 29, 2025
Listing Date June 03, 2025
Face Value ₹ 10
Price ₹ 95 to ₹ 105 per share
Lot Size 142 Equity Shares
Total Issue Size 1,60,00,000 Equity Shares (aggregating up to ₹ 168.00 Cr)
Fresh Issue 1,60,00,000 Equity Shares (aggregating up to ₹ 168.00 Cr)
Offer for Sale NIL
Issue Type Book Built Issue
Listing At BSE, NSE
Share holding pre issue 4,28,74,592
Share holding post issue 5,88,74,592

Prostarm Info Systems IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 142 ₹14,910
Retail (Max) 13 1,846 ₹1,93,830
S-HNI (Min) 14 1,988 ₹2,08,740
S-HNI (Max) 67 9,514 ₹9,98,970
B-HNI (Min) 68 9,656 ₹10,13,880

Prostarm Info Systems IPO Timeline (Tentative Schedule)

IPO Open Date Tuesday, May 27, 2025
IPO Close Date Thursday, May 29, 2025
Basis of Allotment Friday May 30, 2025
Initiation of Refunds Monday June 02, 2025
Credit of Shares to Demat Monday June 02, 2025
Listing Date Tuesday June 03, 2025
Cut-off time for UPI mandate confirmation 5 PM on May 29, 2025

Prostarm Info Systems IPO Reservation

Investor Category Shares Offered Reservation %
QIB Portion 32,00,000 Not More than 50% of the Issue
Non-Institutional Investor Portion 24,00,000 Not Less than 15% of the Issue
Retail Shares Offered 56,00,000 Not Less than 35% of the Issue
Achor Investor Portion 48,00,000 Allotted from QIB Portion

Prostarm Info Systems IPO Promoter Holding

Share Holding Pre Issue 100.00 %
Share Holding Post Issue 72.82 %

Prostarm Info Systems IPO Subscription Status

Investor Category Shares Offered Shares Bid For No oF Times Subscribed
Qualified Institutional Buyers (QIB) 32,00,000 33,43,54,194 104.49
Non Institutional Investors(NIIS) 24,00,000 53,31,28,918 222.14
Retail Individual Investors (RIIs) 56,00,000 22,11,58,184 39.49
Total 1,12,00,000 1,08,86,41,296 97.20

About Prostarm Info Systems Limited

Business Overview

Prostarm Info Systems is engaged in the design, manufacturing, assembly, sale, service, and supply of Energy Storage Equipment and Power Conditioning Equipment in India. The product portfolio includes UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (SCVS), isolation transformers, and other related power solution products. Both customized and standard solutions are offered through in-house manufacturing and contract manufacturers.

The company also deals in third-party power solution products such as batteries, reverse logistics/end-of-life products, IT assets, and solar panels. Additionally, it undertakes rooftop solar photovoltaic (PV) power plant projects across India on an EPC basis, offering installation, rental, after-sales services, AMCs, and O&M services to support its power solutions.

Prostarm Info Systems is known for reliable and affordable power electronics solutions, particularly UPS systems used in banking, finance, and healthcare sectors. It serves diverse industries including healthcare, aviation, research, BFSI, railways, defense, security, education, renewable energy, IT, and oil & gas.

The company is an empaneled vendor with notable entities such as Airports Authority of India, West Bengal PHED, WBEIDC, Telangana State Technology Services, Railtel Corporation, and NTPC Vidyut Vyapar Nigam.

Since 2018, the business has expanded into the EPC segment, focusing on rooftop solar PV systems, aligning with the rise in renewable energy demand. As of December 31, 2024, it has commissioned rooftop solar power plants totaling 10.56 MW across 200+ sites.

With over 16 years of experience, the company has served 700+ customers in Fiscal 2024, with 40% repeat customers for the past three fiscals. In Fiscals 2024, 2023, and 2022, 40%, 40%, and 56% of revenue came from long-term customers.

Suppliers are primarily based in India and China, with key contract manufacturing partnerships in Delhi, Ahmedabad, and China for products like UPS, SCVS, lift inverter systems, and isolation transformers, made to company-specified standards.

As on March 31, 2025, the Company have 423 permanent employees and 19 people employed on contractual basis. The Bankers to the Company are Axis Bank Limited and  ICICI Bank Limited.

Industry Analysis

Comprehensive Overview of Storage Solutions, Power Backup, Servo Stabilizers, Solar EPC, and Inverters in India


Energy Storage Solutions: A Crucial Enabler for India’s Power Transition

India's energy demand continues to rise with its growing population, industrialization, and the push toward renewable energy. However, electricity generation remains largely inflexible across the day, creating a mismatch between demand and supply. This has propelled the need for advanced energy storage solutions (ESS), which are pivotal in storing excess electricity and releasing it when needed, thereby maintaining grid stability and frequency regulation.

Importance of Energy Storage

  • ESS enhances grid reliability, particularly for high-tech industries where even momentary power interruptions can result in significant losses.

  • It is a key enabler for micro-grids and remote areas with inconsistent power access, reducing reliance on diesel generators.

  • With India committing to 50% of its power capacity from non-fossil fuel sources by 2030, flexible and robust ESS is essential to accommodate intermittent renewable energy like solar and wind.

  • Government initiatives like 'Power for All' aim for 24x7 power supply, further intensifying the need for effective load balancing.

Technologies and Applications

  • Energy can be stored through various means such as mechanical (pumped hydro), chemical (batteries), thermal, and electrochemical systems.

  • Deployment depends on application type, economics, grid integration potential, and resource availability.


UPS Market in India: Powering the Digital and Industrial Economy

The Indian Uninterruptible Power Supply (UPS) market has witnessed substantial growth, largely driven by increasing power outages and the digitization of sectors requiring continuous electricity.

Growth Drivers

  • Rising power deficits across commercial and industrial zones.

  • Surging use of data centers, telecom infrastructure, healthcare facilities, and financial services.

  • Demand for clean and conditioned power free from surges and fluctuations.

  • The market size grew from ₹89,713 million in FY23 to ₹96,432 million in FY24 and is forecasted to grow at a CAGR of 8.22% until FY30.

UPS vs. Inverter

  • While both serve as backup solutions, UPS offers power conditioning, surge suppression, and instantaneous switchover capabilities, unlike traditional inverters.

  • Most UPS systems use Lead-Acid batteries, though Li-ion alternatives are emerging.

Emerging Trends

  • Government focus on green UPS systems compatible with renewable energy sources.

  • Rising adoption of energy-efficient, smart, and IoT-enabled UPS devices.

  • Support from 'Make in India' and 'Vocal for Local' campaigns bolstering domestic manufacturing.


Servo Stabilizer Market in India: Ensuring Equipment Longevity

Voltage fluctuations remain a significant concern in India’s power landscape, particularly affecting sensitive and high-value machinery. Servo voltage stabilizers offer a reliable solution by automatically adjusting voltage supply and preventing equipment damage.

Types and Advantages

  • Relay stabilizers adjust voltage within ±10%, while servo stabilizers offer precise correction up to ±1%.

  • Servo stabilizers offer stepless voltage correction, suitable for sophisticated machines like MRI, CT Scanners, and CNC equipment.

  • Features include built-in bypass, load handling capacity over 5,000 KVA, and longer equipment life.

Market Outlook

  • The market was valued at ₹13,455 million in FY24 and is projected to grow at CAGR of 9.46% to ₹23,137 million by FY30.

  • Urbanization, industrialization, and automation in manufacturing are major growth catalysts.

  • Increased R&D efforts are fostering the development of smart servo stabilizers integrated with remote monitoring and analytics.


Solar EPC Market: A Key Pillar in India's Renewable Push

The Solar EPC (Engineering, Procurement, and Construction) industry in India plays a pivotal role in achieving national renewable energy targets. It includes end-to-end execution of solar power projects from design to installation.

Market Size & Growth

  • The market stood at ₹135,464 million in FY24 and is projected to hit ₹222,112 million by FY30, registering a CAGR of 4.97%.

  • Growth is driven by initiatives like the National Solar Mission, targeting 100 GW of solar power capacity by 2030.

Segment Insights

  • Utility-scale solar farms and rooftop solar systems are gaining traction due to lower PV costs and efficient installation practices.

  • Rooftop solar, especially in urban and semi-urban zones, is benefiting from net metering, accelerated depreciation, and subsidies.

  • Integration of smart grids, battery storage, and AI-enabled monitoring is enhancing the performance of EPC deployments.

Favorable Policies

  • Supportive frameworks at central and state levels.

  • Financial incentives for domestic manufacturing and solar project developers.

  • Growing awareness among industries and residential consumers toward decarbonization.


Inverter Market in Solar EPC: The Brain Behind Solar Integration

Inverters are indispensable in solar systems, converting DC power from solar panels into AC power compatible with the grid and domestic usage.

Technology Evolution

  • Advanced semiconductor materials, smart control algorithms, and AI integration have enhanced inverter efficiency and reliability.

  • Smart inverters now feature remote diagnostics, dynamic grid support, and real-time monitoring.

Market Trends

  • Rising demand for hybrid inverters that combine solar and storage solutions for energy independence.

  • Falling prices due to economies of scale and local manufacturing.

  • Increased demand from residential, commercial, and industrial segments for smart energy management.


Battery Technology: Powering the Future

At the heart of energy storage systems lie lithium-ion batteries, built with an anode, cathode, electrolyte, separator, and current collectors. These components store and release electrochemical energy through ion movement.

Working Mechanism

  • During discharge, lithium ions move from anode to cathode, releasing free electrons through an external circuit.

  • The separator prevents short circuits, ensuring safe operation.

  • The movement generates current to power devices, from smartphones to EVs to grid storage units.

Applications & Advancements

  • Widely used in UPS, EVs, ESS, and portable electronics.

  • Innovations in solid-state batteries, battery recycling, and thermal management are pushing performance boundaries.

  • Government focus on Battery Energy Storage Systems (BESS) under programs like PLI schemes and FAME is accelerating domestic manufacturing.


Conclusion

India’s energy ecosystem is undergoing a rapid transformation driven by renewable energy, electrification, and technology integration. Energy storage systems, UPS, servo stabilizers, and solar EPC—including inverters—are critical components of this transition. Their combined growth reflects India’s commitment to clean energy, industrial resilience, and uninterrupted power for all. As government policies, industrial demands, and technological advancements continue to align, these sectors are poised for robust expansion and innovation through 2030 and beyond

Business Strengths

1. Diversified Product Portfolio and Industry Reach
Prostarm Info Systems offers a wide and evolving range of power storage and conditioning solutions, catering to multiple industries including healthcare, aviation, BFSI, research, railways, defence, education, renewable energy, IT, and oil & gas. The customer base spans government bodies, project contractors, industrial clients, dealers, and distributors.

2. Strong Customer Relationships
The company maintains long-standing relationships with a broad customer base, including notable names such as PSU banks, Larsen & Toubro Limited, Tata Power Co. Limited, and Bajaj Finance Limited, across its product verticals and sectors.

3. Pan-India Presence and Distribution Network
Operations are supported by 21 branch offices and 2 storage facilities across 18 states and 1 union territory, enabling a robust distribution and after-sales service network.

4. Strong and Consistent Financial Performance
The company has demonstrated steady growth with revenue from operations increasing from ₹17,130.73 lakhs in FY22 to ₹25,787.04 lakhs in FY24, and ₹26,862.66 lakhs in the nine-month period ended December 31, 2024. EBITDA grew from ₹1,656.80 lakhs in FY22 to ₹3,662.35 lakhs in FY24, and profit after tax rose from ₹1,087.05 lakhs in FY22 to ₹2,279.80 lakhs in FY24.

5. Experienced Leadership and Committed Team
Led by promoters with over 16 years of sector expertise, the company benefits from an experienced Board of Directors and senior management with backgrounds in technology, manufacturing, finance, sales, and marketing. The leadership team plays an active role in operations and strategic growth


Business Strategies

1. Capability Expansion through Organic and Inorganic Growth
Since inception in 2008, Prostarm Info Systems has evolved from trading third-party UPS and battery products to in-house manufacturing, assembling, designing, and quality control. The company operates three manufacturing units in Pune and Navi Mumbai, including one under its subsidiary, enabling cost efficiency, reduced third-party reliance, and greater production control.

2. Customer and Geographic Expansion
The company has consistently expanded its customer base and market presence through product diversification, strategic acquisitions, and entry into new segments. Plans include further geographic penetration across India and the introduction of innovative products to reach new customer segments.

3. Brand Building and Market Visibility
Efforts to build brand recognition include a focus on digital marketing, participation in exhibitions, and strengthened dealer-distributor relationships. Localized marketing initiatives are aimed at enhancing market reach and customer loyalty.

4. Working Capital Optimization and Debt Rationalization
To address a 100-day working capital cycle in FY24, the company is adopting inventory management improvements and brand positioning strategies to encourage faster payments, thereby aiming to shorten the working capital cycle and reduce financial leverage.

5. Operational Efficiency and Sustainability
Strategic investments in manufacturing infrastructure are intended to drive innovation, improve process efficiency, and maximize profitability. Emphasis is placed on cost control, product quality, and alignment with environmental, social, and governance (ESG) goals


Business Risk Factors and Concerns

1. Dependence on Third-Party Dealers and Distributors
A significant share of sales is routed through a large network of third-party dealers and distributors. Any disruption in relationships, changes in their business practices, delayed payments, or inaccurate reporting may negatively impact business operations, cash flows, and financial health.

2. Customer Concentration Risk
Revenue is highly concentrated among a limited number of key customers. Loss of any major customer or a decline in revenue from them could materially affect the company’s financial performance and cash flows.

3. Dependency on Key Product Segments
A substantial portion of revenue is generated from the sale of UPS systems and third-party power solution products. Any reduction in demand for these products may adversely impact business performance and profitability.

4. Import Dependency for Lithium-Ion Cells
Lithium battery pack manufacturing relies heavily on imported lithium-ion cells, primarily from China. Geopolitical tensions, regulatory changes, tariffs, or economic disruptions in trade relations may affect the availability and cost of these critical components.

5. Geographic Concentration of Manufacturing Units
All manufacturing units are located in Maharashtra, exposing operations to regional risks such as political instability, natural disasters, or localized economic challenges. Any disruption at these facilities could result in delays and impact overall business continuity and financial results.

Prostarm Info Systems faces key business risks including heavy reliance on third-party distributors, concentration of revenue among a few customers, dependence on specific product lines, import-based lithium battery production, and geographical concentration of manufacturing facilities. These factors could impact operational stability, revenue consistency, and long-term financial performance.

Prostarm Info Systems Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakh)

Period Ended Dec 31, 2024 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022
Reserve of Surplus 6,436.93 4,142.13 1,812.54 3,186.74
Total Assets 23,003.52 20,304.50 15,538.67 9,802.41
Total Borrowings 6,037.19 4,341.14 2,473.62 303.30
Fixed Assets 1,649.93 646.59 407.67 260.11
Cash 151.32 53 77.04 199.33
Net Borrowing 5,885.87 4,288.14 2,396.58 103.97
Revenue 27,027.08 25,923.25 23,234.65 17,204.77
EBITDA 3,589.00 3,662.25 2,914.79 1,657.79
PAT 2,210.76 2,279.80 1,934.55 1,087.05
EPS 5.21 5.44 4.66 2.66

Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue, given in 
BUSINESS STANDARD.

Key Performance Indicator

KPI Values
EPS Pre IPO (Rs.) ₹ 5.44
EPS Post IPO (Rs.) ₹ 3.96
P/E Pre IPO 19.30
P/E Post IPO 26.52
ROE 32.09 %
ROCE 32.41 %
P/BV 2.45
Debt/Equity 0.51
RoNW 32.09 %

Prostarm Info Systems Limited IPO Peer Comparison

Company Name EPS ROCE ROE P/E (x) P/Bv Debt/Equity RoNW (%)
Prostarm Info Systems Limited ₹ 3.96 32.41 % 32.09 % 26.52 2.45 0.51 32.09 %
Servotech Power System Limited ₹ 1.50 19.8 % 19.0 % 83.4 12.4 0.33 19.0 %
Sungarner Energies Limited ₹ 6.99 17.2 % 16.3 % 44.7 6.98 0.73 16.3 %
Prostarm Info Systems Limited Contact Details

PROSTARM INFO SYSTEMS LIMITED

Plot No. EL 79, Electronic Zone, TTC, MIDC, Mahape, Navi Mumbai, Thane – 400 710, Maharashtra, India
Contact Person : Sachin Gupta
Telephone : 022 4528 0500
Email : cs@prostarm.com
Website : 
https://prostarm.com/

Prostarm Info Systems IPO Registrar and Lead Manager(s)

Registrar : KFin Technologies Limited
Contact Person : Mr. Murali Krishna M
Telephone : +91 40 6716 2222 / 1800 309 4001
Email : pisl.ipo@kfintech.com
Website : 
https://www.kfintech.com/

Lead Manager : Choice Capital Advisors Private Limited
Contact Person : Nimisha Joshi / Shreya Poddar
Telephone : +91 22 6707 9999 / 7919 (ext.)
Email : ipo.pisl@choiceindia.com
Website : 
https://choiceindia.com/merchant-investment-banking

Prostarm Info Systems IPO Review

Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (“Power Solution Products”) in India. Their manufactured Power Solution Products comprise of UPS system, Inverter system, Lift Inverter System, Solar Hybrid Inverter Systems, Lithium-Ion Battery Packs, Servo-Controlled Voltage Stabilizers (“SCVS”), Isolation Transformers and other Power solution products.

The Company have an experienced management team led by the Promoter, Director and Chief Executive Officer, Ram Agarwal who possess over sixteen (16) years of experience in the power backup solutions sector and we benefit significantly from his expertise. The Promoters continue to remain actively involved in the operations and continue to bring their vision, business acumen and leadership to the Company, which has been instrumental in sustaining their business operations and growth.

The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 27,027.08 Lakh, ₹ 25,923.25 Lakh, ₹ 23,234.65 Lakh and ₹ 17,204.77 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 3,589.00 Lakh, ₹ 3,662.25 Lakh, ₹ 2,914.79 Lakh, and ₹ 1,657.79 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,210.76 Lakh, ₹ 2,279.80 Lakh, ₹ 1,934.55 Lakh, and ₹ 1,087.05 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 5.44 and post-issue EPS of ₹ 3.96 for FY24. The pre-issue P/E ratio is 19.30x, while the post-issue P/E ratio is 26.52x against the Industry P/E ratio is 149x. The company's ROCE for FY24 is 32.41%, ROE for FY24 is 32.09% and RoNW is 32.09%. The Annualised EPS based on the latest financial data is ₹ 6.94 and PE ratio is 15.11x. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Prostarm Info Systems showing listing gains of 16.19 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Prostarm Info Systems Limited IPO for Listing gain.


Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com

About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.

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