Prostarm Info Systems Limited is an Indian company engaged in the design manufacture assembly sale service and supply of Energy Storage Equipment and Power Conditioning Equipment referred to as Power Solution Products. The company’s product range includes UPS systems Inverter systems Lift Inverter Systems Solar Hybrid Inverter Systems Lithium-Ion Battery Packs Servo-Controlled Voltage Stabilizers SCVS Isolation Transformers and other power-related products.

The company aims to raise ₹168 crore through a Book Built Issue consisting entirely of fresh issue of 160 lakh shares. The subscription period opens on May 27 2025 and closes on May 29 2025. Share allotment is expected on or about May 30 2025 and the listing of shares is tentatively scheduled on June 3 2025 on NSE and BSE. The price band is fixed between ₹95 and ₹105 per equity share. The lot size is 142 shares requiring retail investors to invest a minimum of ₹14,910. High Net Worth Individuals HNIs must invest at least 14 lots or 1,988 shares amounting to ₹2,08,740.

Management and Promoters
The company is led by Promoter Director and Chief Executive Officer Ram Agarwal who brings over 16 years of experience in the power backup solutions sector. The promoters remain actively involved in business operations contributing their vision leadership and business acumen which has helped sustain growth and expansion.

Financial Performance
The financial performance of Prostarm Info Systems shows steady growth over recent years. Revenues from operations were ₹172.05 crore in fiscal 2022 ₹232.35 crore in 2023 ₹259.23 crore in 2024 and ₹270.27 crore for the nine months ended December 31 2024. EBITDA increased from ₹16.58 crore in 2022 to ₹29.15 crore in 2023 ₹36.62 crore in 2024 and ₹35.89 crore in the recent nine months. Profit after tax PAT rose from ₹10.87 crore in 2022 to ₹19.35 crore in 2023 ₹22.80 crore in 2024 and ₹22.11 crore for the latest period.

Key financial ratios indicate the company’s operational efficiency and valuation. The pre issue Earnings Per Share EPS for FY24 stands at ₹5.44 and post issue EPS at ₹3.96. The pre issue Price to Earnings PE ratio is 19.30 times while post issue PE rises to 26.52 times compared with an industry average PE ratio of 149 times. The Return on Capital Employed ROCE is 32.41 percent Return on Equity ROE and Return on Net Worth RoNW both stand at 32.09 percent. The annualised EPS based on the latest financial data is ₹6.94 with a PE ratio of 15.11 times. These metrics suggest the IPO is fully priced relative to earnings.

IPO Details and Market Outlook
Choice Capital Advisors Private Limited is the book running lead manager and KFin Technologies Limited is the registrar for the IPO. The market capitalisation post IPO at the upper price band ₹105 is estimated at ₹618.18 crore. The Grey Market Premium GMP is ₹14 indicating expected listing gains of 13.33 percent. However GMP depends on unregulated market demand and supply and may not reflect true price discovery. Investors should be cautious and not rely solely on GMP for investment decisions.

Conclusion
Prostarm Info Systems offers exposure to the growing power solution equipment sector in India with steady financial growth and experienced management. Although GMP indicates potential listing gains the IPO valuation is fully priced and investors seeking short term listing profits should be cautious. Long term investors should assess fundamentals and growth prospects carefully before subscribing.

The Upcoming IPOs in this week and coming weeks are Scoda Tubes,Neptune Petrochemicals, Aegis Vopak Terminals, Schloss Bangalore, Astonea Labs, Nikita Papers, Prostarm Info Systems, Victory Electric Vehicles International, Blue Water Logistics, Wagons Learning.

The Current active IPO are Unified Data - Tech Solutions.

The Closed IPOs are Borana Weaves, Dar Credit and Capital, Belrise Industries.