Prostarm Info Systems IPO – Review
Prostarm Info Systems Limited – a company specializing in power electronics solutions is planning to raise INR 168 crore via IPO.
[Fresh Issue 168 crore + OFS NIL]
Prostarm info systems ipo price is INR 95 – 105 per share
Prostarm Info Systems: History
The Company was originally incorporated as Prostar Micronova Power Systems Private Limited, a private limited company under the Companies Act, 1956,
The company’s name was changed to “Prostarm Info Systems Limited” at the Board meeting, and the Registrar of Companies issued a fresh certificate of incorporation on July 28, 2017.
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Prostarm Info Systems: Business
The Company engaged in designing, manufacturing, assembling, selling, servicing and supplying Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products) in India.
The 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
- power solution products
The Company also undertakes rooftop solar photovoltaic power plant projects across India on an EPC basis.
Over the years, the company has leveraged its expertise, processes, and infrastructure to cater to diverse end-use industries such as –
- Healthcare,
- Aviation,
- Research,
- BFSI,
- Railways,
- Defense,
- Security,
- Education,
- Renewable energy,
- Information Technology, and
- Oil & gas
Geographical Presence
As of the date of DRHP, the company’s operations are supported by a network of 22 branch offices and 2 storage facilities in 17 states and 1 union territories (UT) within India.
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Strategies Ahead
- Expanding capabilities through inorganic and organic growth
- Expanding customer base and geographic reach
- Reduce the working capital cycle and focus on rationalizing our indebtedness
- Focus on Operational efficiency
Company Promoters
- Ram Agarwal,
- Sonu Ram Agarwal, and
- Vikas Shyamsunder Agarwal
IPO Details
Ipo date = 27 May to 29 May 2025
Minimum Amount = INR 14,910
Minimum Bid = 142 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Managers
Choice Capital Advisors Pvt Ltd
FINANCIALS
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Prostarm Info Systems IPO
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