Since the second half of the financial year 2025, market turbulence caused by negative geopolitical events, economic concerns, and a shift in investor risk appetite has compelled many companies to reconsider their debut on the exchange. In contrast to 29 mainboard IPOs in the third quarter of FY25, the fourth quarter saw only nine listings. However, the scenario changed slightly in May 2025, with a total of six companies launching their IPOs, including Prostarm Info Systems Ltd.
About Prostarm Info Systems Ltd.
Established in 2008, Prostarm is renowned in the Power Solution sector. It designs, assembles, manufactures, and distributes Power Conditioning and Energy Storage Equipment. Prostarm Info Systems’ product portfolio includes Isolation Transformers, Solar Hybrid Inverters, UPS systems, Lift Inverter Systems, and Servo-Controlled Voltage Stabilisers.
The company serves the Aviation, Railways, Education, Healthcare, and Renewable Energy industries. Some notable clients in its portfolio include NTPC Vidyut Vyapar Nigam, RailTel Corporation of India, Airports Authority of India, and Telangana State Technology Services.
Prostarm Info Systems Ltd. IPO Details
With the IPO launch, Prostarm Info Systems plans to fund its working capital requirements of ₹72.5 crore, partially prepay debt worth ₹17.96 crore, and utilise the remaining funds to pursue inorganic growth through multiple acquisitions. A portion of the proceeds will also be allocated for general corporate purposes.
Important IPO Timeline
| IPO Open Date | May 27, 2025 |
| IPO Close Date | May 29, 2025 |
| Allotment Date (Tentative) | May 30, 2025 |
| Initiation of Refunds | June 02, 2025 |
| Credit of Shares to Demat | May 02, 2025 |
| Listing Date (Tentative) | June 03, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 29, 2025 |
Key IPO Details
Here is the table on the Prostarm Info Systems IPO Review:
| Face Value | ₹10 per share |
| Issue Price Brand | ₹95 to ₹105 per share |
| Lot Size | 142 Shares |
| Total Issue Size | 1,60,00,000 shares (aggregating up to ₹168 Cr) |
| Fresh Issue | 1,60,00,000 shares (aggregating up to ₹168 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Shareholding Pre-issue | 4,28,74,592 shares |
| Shareholding Post Issue | 5,88,74,592 shares |
Lot Size of Prostarm Info Systems Ltd. IPO
Here is the table of lot sizes for each category of investors:
| 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 Ltd. Financials
Prostarm Info Systems has a decent market capitalisation of ₹618.18 crore. As of March 31, 2024, the company has a Return on Equity (ROE) of 31.41%, while Return on Capital Employed (ROCE) is recorded at 32.41%. The Debt/Equity ratio is favourable at 0.51. The Profit After Tax (PAT) Margin is 8.85%, and the Price to Book Value ratio stands at 5.34. Besides the metrics, other company financial details are detailed in the table below.
Key Company Financials
| Period Ended | 31 Dec 2024
(Crores) |
31 Mar 2024
(Crores) |
31 Mar 2023
(Crores) |
31 Mar 2022
(Crores) |
| Assets | ₹230.04 | ₹203.05 | ₹155.39 | ₹98.03 |
| Revenue | ₹270.27 | ₹259.23 | ₹232.35 | ₹172.05 |
| Profit After Tax | ₹22.11 | ₹22.80 | ₹19.35 | ₹10.87 |
| Net Worth | ₹107.24 | ₹84.30 | ₹61.00 | ₹40.95 |
| Reserves and Surplus | ₹64.37 | ₹41.42 | ₹18.13 | ₹31.87 |
| Total Borrowing | ₹60.37 | ₹43.47 | ₹24.85 | ₹3.21 |
Prostarm Info Systems Ltd.: Industry Outlook
- The global energy storage systems market is projected to reach approximately $288.97 billion in 2025 and grow to around $569.39 billion by 2034, registering a strong compound annual growth rate (CAGR) of 7.87% during the forecast period from 2025 to 2034.
- India aims to achieve 500 GW of renewable energy capacity by 2030, with solar power contributing 280 GW. This has led to a surge in demand for solar hybrid inverters and energy storage solutions.
- The Production Linked Incentive (PLI) scheme for battery manufacturing has allocated ₹18,100 crore, boosting domestic production.
Top Upcoming IPOs to Watch (23rd–27th June 2025)
- Kalpataru Ltd IPO
- HDB Financial Services Ltd IPO
- Globe Civil Projects Ltd IPO
- Ellenbarrie Industrial Gases Ltd IPO
- Suntech Infra Solutions Ltd IPO
Conclusion
Investing in Prostarm Info Systems Ltd IPO could appeal due to its strong presence in the power solutions sector, offering products like UPS systems, lithium-ion battery packs, and solar hybrid inverters. The company has a diversified client base across healthcare, aviation, and IT industries, which enhances revenue stability. Additionally, its expansion plans and strategic acquisitions indicate growth potential. However, risks include market competition, dependency on raw material costs, and economic fluctuations affecting demand.
