Prostarm Info Systems IPO

About Prostarm Info Systems IPO

Prostarm Info Systems Limited IPO is an IPO of ₹168 crores. It consists of a fresh issue of up to 1,60,00,000 equity shares. The shares will be allotted on May 30, 2025. The credit of shares to the demat account will take place on June 2, 2025 and the initiation of refunds will take place on June 2, 2025.

Objective of Prostarm Info Systems IPO

• 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.

Industry Outlook

The power back-up systems market is growing due to the problem of power shortage in the country and with the technological advancements. The gap between the demand and supply of power in the country is increasing the demand for uninterrupted power supply by the industrial sectors.

Be it the Indian UPS market, solar hybrid inverter market, lift inverter market, servo stabilizer market, isolation transformers market or solar EPC market, etc., each of them has been seeing a considerable rise in revenue and profits.

• The Indian UPS market has been showcasing an upward trend generating revenues of ₹96,432 million in FY24 while it was at ₹89,713 million in FY23.

• The Indian solar hybrid inverter market in India was recorded at ₹5,242 million in FY24 and grew at a CAGR of 9.21% between FY19 and FY24. Further, going ahead the market is expected to grow at a 18.60% till FY30.

• The Indian lift inverter market was valued at ₹164,292.82 million in FY24 and is projected to exhibit a CAGR of 8.28%.

• The Indian servo stabiliser market has reached ₹13,455 million in FY24 and is expected to reach ₹23,137 million in FY30 growing at CAGR 9.46%.

• The Indian isolation transformers (non-distribution transformers) market was valued at ₹15,843 million in FY24 which grew at CAGR of 3.5% from ₹13,357 million in FY19 and is projected to exhibit a CAGR of 7.3% during the forecast period from FY25 TO FY30.

• The solar EPC market was recorded at ₹135,464 million in FY24 and has grown at a CAGR of 4.97% between FY19 and FY24. It is further expected to reach ₹2,22,112 million by FY30.

• The Indian lithium–ion battery market in India was recorded at ₹5,58,078 million in FY24 and grew at a CAGR of 7.66% between FY19 and FY24. Further, going ahead the market is expected to grow at a 19.67% till FY30. It is forecasted to reach ₹16,39,090 million by FY30.

Company Information

Prostarm Info Systems Limited is engaged in designing, manufacturing, assembling, sale, service and supply of energy storage equipment and power conditioning equipment (Power Solution Products) in India. Their manufactured power solution products comprise UPS systems, inverter systems, lift inverter system, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (SCVS), isolation transformers and other power solution products.

Over the years, they have leveraged their expertise, processes and infrastructure to cater to diverse end-use industries such as healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, information technology and oil &gas.

Risks of Prostarm Info Systems IPO

• Their manufacturing units are located in the state of Maharashtra, India, which exposes their operations to potential geographical concentration risks arising from local and regional factors which may adversely affect their operations and in turn their business, results of operations and cash flows.

• The company has received a show cause notice for an alleged violation under the Customs Act, 1962. Any adverse order passed against them would materially affect their financial condition and business.

• They are heavily dependent on their suppliers and any disruption in the supply or an increase in prices of materials and components could adversely affect our operations.

Anchor Investor Information

The Anchor Investor Bidding Date shall be 1 (one) Working Day prior to the Bid/Issue Opening Date.

IPO Registrar and Book Running Lead Managers

Book running lead managers:

Choice Capital Advisors Private Limited

Registrar for the IPO is KFin Technologies Limited(

Business Model

The company designs, manufactures, assembles, services, sells and supplies energy storage equipment and power conditioning equipment (“Power Solution Products”) such as UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (“SCVS”), isolation transformers and other power solution products.

They also undertake rooftop solar photovoltaic power plant projects across India on an EPC basis.

Company Growth Trajectory

The growth of their business in the last 3 fiscals has contributed significantly to their financial strength. Their revenue from operations increased from ₹17,130.73 lakhs in fiscal 2022 to ₹25,787.04 lakhs in fiscal 2024 at a Compounded Annual Growth Rate (CAGR) of 22.69%, while their profit for the year increased from ₹1,087.05 lakhs in fiscal 2022 to ₹2,282.53 lakhs in fiscal 2024 at a CAGR of 44.91%.

Company Market Position

• Prostarm is a leading manufacturer of power electronics in India.
• They supply power electronics solutions to companies of all sizes and industries.
• Prostarm is an approved vendor for the Airports Authority of India, the Central Public Works Department, and other government departments.

How To Check Allotment Status of Prostarm Info Systems Limited IPO?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar KFin Technologies Limited. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Prostarm Info Systems Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the KFin Technologies Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Prostarm Info Systems Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How to Apply for Dr Agarwal’s Health Care Ltd IPO?

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
• Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
• Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI