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Prostarm Info Systems made its highly anticipated market debut. The power solutions manufacturer is now officially listed on the BSE and NSE, following an Initial Public Offering (IPO).
IPO Launch Date: May 27–29, 2025
Issue Size: ₹168 Crore
Shares Offered: 1.6 crore equity shares
Issue Price: ₹105 per share
Subscription: The IPO was 97.20 times over-subscribed.
Retail Investor Subscription: 39.49 times
Non-Institutional Investors (NII): 222.14 times
Qualified Institutional Buyers (QIB): 104.49 times
As reported by MoneyControl, Analysts, including Gaurav Garg from Lemonn Markets Desk, noted the strong interest and the likelihood of a premium debut, with the expected listing price of ₹115 to ₹117.
Prostarm shares will initially be part of the trade-for-trade segment, which is a mechanism designed to curb excessive volatility by mandating that every trade must be settled on the same day. This is a common practice for newly listed shares to ensure smoother price discovery.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
Moneycontrol — https://www.moneycontrol.com/news/business/ipo/decent-market-debut-prostarm-info-systems-shares-list-at-19-premium-over-ipo-price-on-bse-13089190.html
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Posted on 05 Jun
Geetanjali Lachke
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