247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Prostarm Info Systems Limited

Mumbai

Date of DRHP : 28 Sep 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Prostarm Info Basic Details

   Solar - Energy

Sub Sector: Designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment

About the Company

Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (“Power Solution Products”) in India. Company's manufactured Power Solution Products comprise of UPS system, inverter system, lift inverter system, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (“SCVS”), isolation transformers and other power solution products. Prostarm Info Systems offer both customized and standard products and solutions, manufactured and assembled at their inhouse facilities and also through third party contract manufacturers. In addition to Prostarm Info Systems core manufactured products, Prostarm Info Systems also deal in sale and supply of third party manufactured batteries, reverse logistics/end-of-life disposal for UPS systems and batteries and other allied products. Prostarm Info Systems also undertake rooftop solar photovoltaic power plant projects across India on EPC basis. Prostarm Info Systems comprehensive range of value-added services include installation, rental, aftersales services (including warranty and post-warranty services), Annual Maintenance Contracts (“AMC”) which supplements their Power Solution Products, catering to a wide spectrum of customers and their requirements.

Financial Summary (Annualised Basis)

Revenue :
259.23 Cr.

PAT :
22.82 Cr.

Prostarm Info IPO Lead Manager(s)

Choice Capital Advisors Private Limited

Prostarm Info IPO Registrar

KFin Technologies Limited

Prostarm Info DRHP Details

Objects of issue

  • Funding working capital requirements of the Company
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
  • Acquisition of further stake of their Subsidiary to make it a wholly owned subsidiary
  • Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General
  • Corporate Purposes

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FAQs

Prostarm Info Systems operates in Solar - Energy and Designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Prostarm Info Systems is Book Building Process and Object of issue is

  • Funding working capital requirements of the Company
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
  • Acquisition of further stake of their Subsidiary to make it a wholly owned subsidiary
  • Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General
  • Corporate Purposes

The DRHP (Draft Red Herring Prospectus) of Prostarm Info Systems IPO was filed on 28 Sep 2024.

No, Prostarm Info Systems IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Prostarm Info Systems are not available now. You can apply in Prostarm Info Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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