Prostarm Info Systems Limited IPO Details
Prostarm Info Systems Limited IPO – Timeline, Review, Price & Listing Info
Prostarm Info Systems Limited is coming out with a book-built SME IPO listed on NSE SME. The company provides power backup solutions and energy management systems. The IPO proceeds will be used for working capital, general corporate purposes, and issue expenses.
IPO Key Information
| Detail | Data |
|---|
| IPO Opening Date | May 13, 2024 |
| IPO Closing Date | May 15, 2024 |
| Issue Type | Book Built Issue |
| Face Value | â‚ą10 per share |
| IPO Price Band | â‚ą57 to â‚ą60 per share |
| Issue Size | â‚ą31.62 Crores |
| Fresh Issue | â‚ą31.62 Crores |
| Lot Size | 2000 Shares |
| Listing At | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Registrar | Bigshare Services Pvt Ltd |
Market Lot & Investment Range
| Investor Type | Lot Size | No. of Shares | Investment Amount |
|---|
| Retail (Min) | 1 Lot | 2000 | â‚ą1,20,000 |
| Retail (Max) | 1 Lot | 2000 | â‚ą1,20,000 |
IPO Schedule
| Event | Date |
|---|
| IPO Opens | May 13, 2024 |
| IPO Closes | May 15, 2024 |
| Allotment Finalization | May 16, 2024 |
| Refunds Initiated | May 17, 2024 |
| Shares Credited | May 17, 2024 |
| Listing Date | May 21, 2024 |
About Prostarm Info Systems
Prostarm Info Systems is a provider of energy solutions including UPS systems, batteries, solar products, and data center power equipment. The company caters to clients across industries including BFSI, healthcare, IT, government, and manufacturing sectors.
Financial Performance
| Year | Revenue | Expense | Net Profit | Total Assets |
|---|
| FY 2022-23 | â‚ą91.77 Cr | â‚ą89.08 Cr | â‚ą2.69 Cr | â‚ą67.74 Cr |
| FY 2023-24 | â‚ą100.52 Cr | â‚ą96.10 Cr | â‚ą4.42 Cr | â‚ą72.86 Cr |
Valuation Snapshot
| Metric | Value |
|---|
| EPS (Basic) | â‚ą2.71 |
| RoNW | 13.05% |
| NAV | â‚ą20.76 |
| P/E Ratio | 22.14x (at upper price) |
| Market Cap | â‚ą120 Cr (approx.) |
| Debt-Equity Ratio | Moderate |
| Net Worth | â‚ą33.88 Cr |
IPO Objectives
- Working capital requirements
- General corporate purposes
- Public issue expenses
Peer Group Overview
| Company | Revenue | EPS | RoNW | Market Position |
|---|
| Prostarm Info Systems | â‚ą100.52 Cr | â‚ą2.71 | 13.05% | SME power solutions |
