Retail investors can bid for a minimum lot size of 142 shares, translating to a minimum investment of Rs 13,490 at the lower band and Rs 14,910 at the upper band. High net-worth investors can invest at a minimum of 14 lots (1,988 shares) for Rs 2.08 lakh, while the cut-off for big HNIs is set at 68 lots (9,656 shares), requiring an investment of Rs 10.13 lakh.
The IPO is being managed by Choice Capital Advisors, and KFin Technologies is the registrar.
Prostarm plans to use Rs 72.5 crore from the issue proceeds to fund working capital requirements, Rs 17.95 crore to repay existing borrowings, and the rest for inorganic growth initiatives and general corporate purposes.
Incorporated in 2008, Prostarm Info Systems is a Pune-based manufacturer of power conditioning and energy storage equipment, including UPS systems, inverters, stabilisers, and lithium-ion battery packs.
The company also undertakes rooftop solar power plant projects on an EPC basis. It caters to a broad set of industries such as defence, railways, aviation, healthcare, BFSI, and IT. Its major clients include Railtel Corporation, NTPC Vidyut Vyapar Nigam, Airports Authority of India, and several state-run agencies.As of May 17, 2025, the company operates 21 branch offices and two storage facilities across 18 states and one union territory. It employs over 440 personnel, including permanent and contractual staff.Also read: Aegis Vopak Terminals announces price band of Rs 223-235 for Rs 3,500 crore IPO
For the nine months ended December 31, 2024, the company reported revenue of Rs 270 crore and a net profit of Rs 22.11 crore. The company’s key strengths include a strong financial track record, diversified product portfolio, wide customer base, and pan-India presence.
Prostarm’s IPO is expected to attract investors looking for exposure to India’s growing energy infrastructure and power management space.
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