Adobe Stock
Prostarm Info Systems had a bumper IPO debut, as the issue was subscribed nearly 1.01 times on the first day (May 27, 2025). By afternoon, the Rs 168 crore IPO had sailed past full subscription, without much help from institutional investors.
What's happening with the IPO?
-
IPO size
: Rs 168 crore (fresh issue only)
-
Price band
: Rs 95-105 per share
-
Lot size
: 142 shares (Rs 14,910 minimum at upper band)
-
Bidding window
: May 27-29, 2025
- Listing date : June 3 (NSE, BSE)
Financials at a glance
| Period | Revenue (Rs crore) | Net profit (Rs crore) |
|---|---|---|
| FY23 | 232.4 | 19.4 |
| FY24 | 259.2 | 22.8 |
| 9M FY25 | 270.3 | 22.1 |
Growth looks steady. Profits for the first nine months of FY25 are already near last year's full-year levels.
What does Prostarm do?
Based in Bengaluru, Prostarm makes uninterruptible power supply (UPS) systems, lithium-ion battery packs, inverters, stabilisers and more. Think backup power for hospitals, airports, banks and government offices. Some of its clients include NTPC, Airports Authority of India and Railtel.
Here's a look at its fundamentals.
| Metric | Value |
|---|---|
| ROE | 31.4 per cent |
| ROCE | 32.7 per cent |
| Book value | Rs 19.7 |
| EPS | Rs 5.4 |
Should investors plug in?
The positives
-
Strong client base
-
Profit-making company
- Plays on a growing need for power stability
The negatives
-
No institutional demand yet, a red flag for valuation and confidence
-
Business depends heavily on government and infrastructure spending
- Still early days for its lithium-ion push
The bottom line
The street is watching how QIBs respond. For now, Prostarm is riding a retail wave, but serious long-term upside needs institutional validation. If that doesn't come, the post-listing ride could be bumpy.
Serious about wealth? So are we.
Join thousands of smart investors who rely on Value Research Stock Advisor for expert-picked stocks, time-tested strategies and long-term discipline.
Stop guessing. Start growing.
Check it out now: Value Research Stock Advisor
Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
