| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹ 95 to ₹ 105 | 142 | 27th May, 2025 – 29th Feb, 2025 | ₹168.00 Cr |
Prostarm Info Systems Limited IPO
Incorporated in 2008 in India, Prostarm Info Systems (PIS) is engaged in the design, manufacturing, assembly, sales, servicing and supply of Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products). The company’s product portfolio includes UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilizers (SCVS), isolation transformers, and other power solution products. In addition to its core manufactured products, PIS also sells and supplies third-party power solution products, such as batteries, reverse logistics/end-of-life products, and other assets, like IT assets, solar panels, and allied products. Since 2018, the company has strategically expanded its business operations by venturing into the engineering, procurement, and construction segment, particularly focusing on setting up rooftop solar photovoltaic (PV) power systems across India. Its operations are supported by a network of 21 branch offices, two storage facilities across 18 states, and one union territory within India. It has three manufacturing units located in the state of Maharashtra, with two in Pisoli, Pune, and one in Mahape, Navi Mumbai. These manufacturing units are accredited with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 50001:2018 standards. Over the years, PIS has leveraged its expertise, processes, and infrastructure to cater to diverse end-use industries, including healthcare, aviation, research, BFSI, railways, defense, security, education, renewable energy, information technology, and oil & gas. It provides comprehensive power solution products to a diverse clientele comprising government bodies, private institutions, and corporate customers. Currently, PIS is an empaneled vendor for the Airports Authority of India, West Bengal Public Health Engineering Department, West Bengal Electronic Industry Development Corporation Limited, Telangana State Technology Services Limited, RailTel Corporation of India Limited, and NTPC Vidyut Vyapar Nigam Limited. Its pan-India sales and service network bolsters its extensive capability to meet varied customer needs.
Objective of the Prostarm Info Systems Limited IPO
The net proceeds of the issue are proposed to be utilized for the following objects:
- Funding working capital requirements of the company;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company; and
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes.
Rationale To Prostarm Info Systems Limited IPO
Established customer base and sector diversification drive growth
PIS has established and will continue to strengthen relationships with its domestic customers across its various product segments. The varied applications of its products have enabled the company to build a broad customer base across multiple industries, including government, project contractors, industrial and institutional clients, dealers, and distributors. PIS caters to a range of sectors, including healthcare, aviation, research, BFSI, railways, defense, security, education, renewable energy, information technology, and oil & gas. The company offers product customizations for certain clients to meet their specific requirements. PIS’s consistent efforts to understand and fulfill customer needs significantly contribute to its position in the power solution industry and have helped the company become a one-stop shop for its customers’ power solution requirements. Some of its marquee customers across the industries include PSU banks, Larsen & Toubro Limited, Tata Power Co. Limited, and Bajaj Finance Limited. With over 15 years of experience in the power solutions industry, PIS has developed deep industry knowledge and garnered the trust of its customers. The company has a proven track record of effectively retaining customers. Its broad and evolving product portfolio, along with a continued focus on product upgradation, has enabled the company to grow its customer base and expand into a variety of industry segments. Its customer-centric approach ensures that any concerns raised by its clients are promptly addressed by the company’s dedicated after-sales support team, providing a rapid response time. The strength and loyalty of its clientele have played a crucial role in its success so far and will continue to be a significant driver of future growth. This robust customer base supports PIS’s efforts to expand market share, develop new products, and enter new markets.
In-house capabilities and infrastructure enhance cost efficiency and operational edge
PIS operates through a network of 21 branch offices and two storage facilities across 18 states and one union territory in India. This infrastructure not only supports sales but also enables the company to provide after-sales services, ensuring that customers receive reliable and timely assistance for maintenance and operational requirements. The company’s distribution network across India enables faster rollouts of new products, giving it a competitive edge over peers. PIS has significantly expanded and diversified its operations by bringing in-house production and product assembly. Its manufacturing units are equipped with the necessary infrastructure, including machinery, handling equipment, and dedicated assembly lines, to ensure a smooth manufacturing process and meet customer demands promptly. The company has developed in-house capabilities in product design, equipment testing, assembly, and quality control processes to improve cost efficiency, minimize reliance on third-party suppliers and manufacturers, and provide better production control. PIS continuously focuses on technological innovation by enhancing its in-house R&D capabilities and acquiring new technologies. The company plans to invest in additional facilities and boost production capabilities, including the design, customization, and integration of automation technologies into its processes. Optimizing production will help the company improve product quality and output, achieve economies of scale, reduce logistics and supply chain costs, and shorten time-to-market, ultimately improving profitability and customer service. To support future growth and expansion, PIS continually evaluates strategic investment opportunities in the domestic market aimed at increasing market share and diversifying its product offerings. The company is also open to acquisitions or partnerships that will add value to the business, its stakeholders, and customers.
Valuation of Prostarm Info Systems Limited IPO
Prostarm Info Systems began its commercial operations with a focus on the sale, supply, and installation of batteries and uninterruptible power supply systems (UPS) manufactured by third-party vendors. Later, the company gradually transitioned into designing, manufacturing, assembling, selling, servicing, and supplying energy storage equipment and power conditioning equipment in India. Its manufactured Power Solution Products include UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers, isolation transformers, and other power solution products. The power backup systems market is witnessing growth due to the ongoing issue of power shortages and ongoing technological advancements. The widening gap between the demand and supply of power in the country is driving the need for uninterrupted power supply in the industrial sectors. The company has built a strong customer base across multiple industries and serves a wide range of sectors. Its focus on client-specific needs and product customization has supported its firm positioning in the power solutions space. The company’s in-house capabilities and focus on technological innovation assist in reducing costs and enhancing operational efficiency. On the financial front, PIS has delivered a consistent track record of profitability, reporting a PAT of Rs. 227.98 million, Rs. 193.46 million, and Rs. 108.71 million in FY24, FY23, and FY22, respectively, with EBITDA margins of 9.67%, 12.65%, and 14.20% over the same periods. The issue is priced at a P/E ratio of 20.2x on the upper price band, based on FY25 earnings, which is lower compared to its peers. Considering these compelling factors, we recommend a “SUBSCRIBE” rating for the issue.
What is the Prostarm Info Systems Limited . IPO?
Prostarm Info Systems Limited . IPO is a book built issue of Rs 168.00 crores. The issue is entirely a fresh issue of 168.00 crore shares. Prostarm Info Systems bidding opened for subscription on May 27, 2025 and will close on May 29, 2025. Prostarm Info Systems will list on BSE, NSE with tentative listing date fixed as Tuesday, 03, June 2025.
How to apply for the Prostarm Info Systems Limited IPO through StoxBox?
To apply for the Prostarm Info Systems Limited IPO through StoxBox one can apply from the website and also from the app. Click here
When will theProstarm Info Systems Limited IPO open?
Prostarm Info Systems Limited IPO is opening on 27th May 2025. Apply Now
What is the lot size of the Prostarm Info Systems Limited IPO?
The Lot Size of Prostarm Info Systems Limited IPO is 142 equity shares. Login to your account now.
When is the Prostarm Info Systems Limited allotment date?
The allotment Date for Prostarm Info Systems Limited IPO is 30th May 2025. Login to your account now.
When is the Prostarm Info Systems Limited IPO listing date?
The listing Date for Prostarm Info Systems Limited IPO is 3rd July 2025. Login to your account now
What is the minimum investment required for the Prostarm Info Systems Limited IPO?
In the Retail segment the minimum investment required is Rs. 14,910. Login to your account now
What is the maximum investment allowed for the Prostarm Info Systems Limited IPO?
In the Retail segment the maximum investment requirement is Rs. 193,830. Login to your account now
What are the risks associated with investing in the Prostarm Info Systems Limited Equipments Limited IPO?
- The company has received a show cause notice for an alleged violation under the Customs Act, 1962, for wrongly availing the exemption on basic customs duty on UPS imports. Any adverse order passed against it would materially affect the company’s financial condition and business.
- The company heavily relies on its top five suppliers for over 80% of its materials and components. Any disruptions in the supply chain, increases in input prices, changes in business practices, strained relationships with third-party dealers and distributors, or failures to meet payment schedules and provide timely, accurate information could adversely impact the company’s business, operating cash flows, and financial condition.
- The company derives a significant portion of its revenue from the sale of UPS systems, third-party power solution products, and other products. A decline in demand or loss of sales for these products could materially impact the company’s business, financial condition, results of operations, and cash flows.
When will the Prostarm Info Systems Limited IPO shares be credited to my Demat account?
The Prostarm Info Systems Limited . IPO be credited to the account on allotment date which is 30th May 2025. Login to your account now
Where can I find the Prostarm Info Systems Limited IPO prospectus?
The prospectus of Prostarm Info Systems Limited IPO prospectus can be find on the website of SEBI, NSE and BSE
What are the important dates related to Quality Power Electrical Equipments Limited IPO?
| IPO Open Date | Tue, May 27, 2025 |
| IPO Close Date | Thr, May 29, 2025 |
| Basis of Allotment | Fri, May 30, 2025 |
| Initiation of Refunds | Mon, Jun 2, 2025 |
| Credit of Shares to Demat | Mon, Jun 2, 2025 |
| Listing Date | Tue, Jun 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thru 29 May, 2025 |
