Prostarm Info Systems Ltd. News and Updates

Name: Latest research reports of Prostarm Info Systems Ltd. authored by Hem Securities and published by - Trendlyne research reports.
Item: Prostarm Info Systems Ltd.
Rating: 5
Author: Hem Securities

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Prostarm Info Systems Ltd.

03 Jun 2025

198.12

-1.18%

Prostarm Info Systems Shares Close At 20% Upper Circuit Over Listing Price

NDTV Profit

Prostarm's shares had debuted on the BSE at Rs 125, at a 19.05% premium above the issue price of Rs 105.

Prostarm Info Systems Ltd. has gained 88.69% in the last 6 Months

Prostarm Info Systems stock trades at 123 level after decent debut

Business Line | 03 Jun 2025 1 more

Prostarm Info Systems Ltd.

28 May 2025

198.12

-1.18%

Prostarm Info Systems IPO receives 12.65x subscription on day-2 of offer

Business Standard

The Rs 168-crore initial share sale of integrated power solution company Prostarm Info Systems received 12.65 times subscription on day two of the bidding on Wednesday. The initial public offering (IPO) received bids for 14,16,94,842 shares, as against 1,12,00,000 shares on offer, as per NSE data. The non institutional investors category got subscribed 27.23 times, while the quota for Retail Individual Investors (RIIs) fetched 13.04 times subscription. The Qualified Institutional Buyers (QIBs) part received 1.03 times subscription. The IPO has a fresh issue of 1.6 crore equity shares. The price band for the offer is fixed at Rs 95-105 per share. Prostarm Info Systems intends to utilise Rs 72.50 crore of the total IPO proceeds towards funding capital requirements of the company, Rs 17.95 crore for payment of debt and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives as well as for general corporate...