Prostarm Info Systems
Book Building issueMainboardNSE₹168 Cr issue
+19.05%
Listing gain over issue price
Issue size
₹168 Cr
1 lot at cut-off
₹14,910
Lot size
142shares
Open
27 May 2025
Close
29 May 2025
Allotment
30 May 2025
Listing
03 Jun 2025
Listing performance
Issue price
₹105
Listed at
₹125
Listing-day close
₹126.25
Latest price
₹119.58
Close on 23 Oct 2026
Listing gain
+19.05%
Return since issue
+13.89%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 27 May 2025 – 29 May 2025
- Listing date
- 03 Jun 2025
- Face value
- ₹10 per share
- Issue price
- ₹105 per share
- Lot size
- 142 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹168 Cr
- Market cap at offer price
- ₹618 Cr
- Promoter holding
- 100.00% → 72.82% pre-issue → post-issue
- ISIN
- INE0BX301013
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Choice Capital Advisors Pvt.Ltd.
- Registered office
- Plot No.EL 79, Electronic Zone, TTC, MIDC, Mahape, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 48,00,000 | — | — |
Application size
Minimum 142 shares per lot, in multiples, at ₹105
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 142 | ₹14,910 |
| Retail (max) | 13 | 1,846 | ₹1,93,830 |
| S-HNI (min) | 14 | 1,988 | ₹2,08,740 |
| S-HNI (max) | 67 | 9,514 | ₹9,98,970 |
| B-HNI (min) | 68 | 9,656 | ₹10,13,880 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
48,00,000
Anchor portion
₹50.40 Cr
at ₹105 per share
Valuation and performance
Valuation at offer price
₹105 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.32 | 5.01 |
| P/E (×) | 19.74 | 20.96 |
| Price to book (×) | 5.34 | — |
| Market cap | — | ₹618 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 32.09%
- ROCE
- 32.41%
- Debt / equity
- 0.51
- PAT margin
- 8.85%
- EBITDA margin
- 14.20%
- NAV per share
- ₹19.66
- Price to book
- 5.34
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Prostarm Info Systems
Incorporated in 2008, Prostarm Info Systems Limited initially focused on selling, supplying, and installing third-party batteries and UPS systems. From 2021 onwards, the company transitioned into designing, manufacturing, and assembling its own energy storage and power conditioning equipment at in-house facilities and through third-party contract manufacturers. The company manufactures UPS systems, inverter systems, lift inverters, solar hybrid inverters, lithium-ion battery packs, servo-controlled voltage stabilizers, isolation transformers, and other power solution products. It also deals in third-party power solution products (batteries, reverse logistics/end-of-life products) and IT assets, undertakes rooftop solar photovoltaic EPC projects, and provides installation, rental, warranty, and annual maintenance contract services. The company operates three manufacturing units in Pune and Mumbai, Maharashtra, and generates revenue across multiple segments: manufactured power solution products (28.56% of revenue in 9M FY2024-25), third-party power solution and other products (63.46%), solar EPC contracts (6.21%), and value-added services (1.77%).
Company Analysis
from RHPProstarm Info Systems Limited designs, manufactures, and supplies energy storage equipment and power conditioning equipment (UPS systems, inverters, lithium-ion battery packs, and stabilizers) alongside third-party power solutions, operating in the renewable energy and power backup sectors.
Incorporated in 2008, Prostarm Info Systems Limited initially focused on selling, supplying, and installing third-party batteries and UPS systems. From 2021 onwards, the company transitioned into designing, manufacturing, and assembling its own energy storage and power conditioning equipment at in-house facilities and through third-party contract manufacturers. The company manufactures UPS systems, inverter systems, lift inverters, solar hybrid inverters, lithium-ion battery packs, servo-controlled voltage stabilizers, isolation transformers, and other power solution products. It also deals in third-party power solution products (batteries, reverse logistics/end-of-life products) and IT assets, undertakes rooftop solar photovoltaic EPC projects, and provides installation, rental, warranty, and annual maintenance contract services. The company operates three manufacturing units in Pune and Mumbai, Maharashtra, and generates revenue across multiple segments: manufactured power solution products (28.56% of revenue in 9M FY2024-25), third-party power solution and other products (63.46%), solar EPC contracts (6.21%), and value-added services (1.77%).
Energy Storage SystemsPower Backup SolutionsRenewable Energy (Solar)Power Conditioning EquipmentUninterruptible Power Supply SystemsBattery Manufacturing
Objects of the Issue
- Funding working capital requirements of our Company ₹7,250.00 lakhs p.30
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company ₹1,795.83 lakhs p.30
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes [●] (not to exceed 35% of Gross Proceeds; inorganic growth acquisitions not to exceed 25% of Gross Proceeds; general corporate purposes alone not to exceed 25% of Gross Proceeds) p.30
- Funding working capital requirements of our Company ₹7,250.00 lakhs proposed to be utilized in Fiscal 2026 p.67
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company p.59
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes p.59
- Funding working capital requirements of our Company ₹7,250.00 lakhs p.126
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company ₹1,795.83 lakhs p.131
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes [●] p.124
- Funding capital expenditure for expansion of manufacturing capacity p.221
- Repayment or prepayment of borrowings p.222
- Potential unidentified acquisitions and strategic investments p.221
- General corporate purposes
Issue Structure
- Total Issue
- up to ₹[●] Lakhs
- Fresh Issue
- Fresh Issue of up to 1,60,00,000* Equity Shares of face value ₹10 each aggregating up to ₹[●] Lakh
- Offer for Sale
- Not Applicable
- Price Band
- ₹[●] per Equity Share (Floor Price) to ₹[●] per Equity Share (Cap Price)
- Lot Size
- [●] Equity Shares (minimum bid lot)
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue through multiple channels: (1) sale of manufactured and contract-manufactured power solution products (UPS systems, inverters, lithium-ion battery packs, stabilizers); (2) sale of third-party power solution products and other products (batteries, IT assets, solar panels); (3) solar EPC contracts; (4) value-added services including installation, annual maintenance contracts, and after-sales services. It distributes through government/tender channels (74.32% of revenue in 9M FY2024-25), a network of 360 dealers and distributors (23.68%), and OEMs (2.00%). The company serves government institutions (46.21% of revenue in 9M FY2024-25) and non-government customers (53.79%).
Business Segments
Designed, manufactured, and assembled power solution products including UPS systems, inverter systems, lift inverters, solar hybrid inverters, lithium-ion battery packs, servo-controlled voltage stabilizers, isolation transformers, and other power solution products.
Sale and supply of third-party power solution products including reverse logistics/end-of-life disposal for UPS and batteries, and other products such as IT assets, solar panels, and allied products.
Undertaking rooftop solar photovoltaic power plant projects across India on Engineering, Procurement, and Construction (EPC) basis.
Installation, rental, after-sales services (including warranty and post-warranty services), and Annual Maintenance Contracts (AMC) supplementing power solution products.
Manufactures and sells uninterruptible power supply systems including UPS, SCVS, and related power conditioning equipment
Provides engineering, procurement, and construction services for solar PV power plants, including operation and maintenance
Supplies power equipment to government institutions through competitive bidding and tender processes
Design, manufacturing and assembly of energy storage and power conditioning equipment under the company's own brand, including UPS systems, inverters, batteries, and servo stabilizers
Sale and supply of third-party manufactured power solution products, reverse logistics/end-of-life disposal for UPS and batteries, and other products including IT assets and solar panels
Engineering, Procurement, and Construction services for solar power projects
Annual Maintenance Contracts (AMC) and other operating revenue
In-house designed, manufactured, and assembled UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilizers, isolation transformers, and other power solution products
Sale and supply of third-party manufactured batteries, reverse logistics/end-of-life disposal for UPS and batteries, IT assets, solar panels and allied products
Provision of turnkey solutions offering EPC services in setting up Solar PV Power Plants projects across India including their operation and maintenance
After-sales services including installation, warranty and post-warranty services, Annual Maintenance Contracts (AMC), and rental services
Manufacture and distribution of power management and energy solutions including UPS systems, inverter systems, solar hybrid inverters, lithium-ion battery packs, servo controlled voltage stabilizers, and other power solution products
Provision of related services including rental services and after-sales service
Execution of EPC (Engineering, Procurement, and Construction) contracts for solar energy projects
The principal business of the Group is sale of Customized Power Electronic Solutions products. All other activities of the Company revolve around its principal business. The Executive Committee of the Parent Company has been identified as the Chief Operating Decision Maker (CODM). The CODM evaluates the Group's performance, allocates resources based on analysis of the various performance indicators of the Company as a single unit. CODM have concluded that there is only one operating reportable segment as defined under IND AS 108 Operating Segments.
Design, manufacturing, testing and services of UPS systems, static frequency converters, solar inverters, solar PV plant, stabilizers, lithium-ion batteries and related equipment
Designing and manufacturing of single phase and three phase custom-built control transformers, power transformers (dry type), traction for train lighting, line chokes, line reactors, load reactors, and inductors
SWOT Analysis
Strengths
- • Established market presence in power backup and storage solutions with diversified product portfolio including UPS systems, inverters, lithium-ion battery packs, and solar EPC services(p.28)
- • Quality certifications and accreditations including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, and others that enhance market credibility(p.57)
- • Empaneled with key government institutions including Airports Authority of India, state Public Works Departments, and various government organizations for supply contracts(p.57)
- • Growing revenue from government projects and tenders, increasing from 18.45% in FY2022 to 46.21% in 9M FY2024-25, indicating successful market capture(p.57)
- • Established distribution network with dealers and distributors spread across India providing market access(p.43)
- • Diversified revenue from government and non-government sectors with growth trajectory(p.66)
- • Established manufacturing capacity across three units with ISO certifications(p.82)
- • Improved profitability metrics compared to listed peers(p.61)
- • Experienced promoters with 16+ years in power solutions sector(p.141)
- • Three manufacturing units with modern infrastructure and in-house R&D capabilities(p.141)
- • Strong nationwide distribution network with 478 dealers and distributors(p.141)
- • Diverse client base across multiple industries(p.141)
- • Growing government project revenue contributing to brand value(p.126)
- • Strategic expansion into lithium-ion battery manufacturing(p.126)
- • Diversified product portfolio across power solutions serving multiple industries(p.216)
- • Highest EBITDA margin among peer group in FY24 at 13.7%(p.194)
- • Highest PAT margin among peers at 8.9% in FY24(p.194)
- • Highest Return on Assets and Return on Equity among peers(p.205)
- • Strong customer retention with 40% of customers associated for 3+ years(p.217)
- • Established relationships with marquee customers including PSU Banks and major corporations(p.217)
- • In-house manufacturing capabilities reducing dependency and increasing control(p.203)
- • Wide geographic presence with 21 branch offices across 18 states and 1 union territory(p.202)
- • Established trademark in power electronics sector(p.247)
- • Expanded geographic footprint with multiple branch offices(p.247)
- • Manufacturing capacity expansion for lithium-ion batteries(p.265)
- • Diversified technology partnerships and licenses(p.267)
- • Consolidated financial statements with diverse subsidiary operations(p.311)
- • Strong revenue growth trajectory across product and service lines(p.355)
- • Diversified revenue streams including products, services, and EPC contracts(p.355)
- • Growing profitability with improving margins(p.366)
- • Established ownership structure with promoter commitment(p.348)
- • Diversified power electronics product portfolio including UPS systems, solar hybrid inverters, lithium battery packs, and servo-controlled voltage stabilizers(p.404)
- • Strong revenue growth trajectory with 11.94% growth in Fiscal 2024 and 34.47% growth in Fiscal 2023(p.429)
- • Established pan-India sales and service network catering to diverse customer segments(p.405)
- • Empanelled vendor status with multiple government and institutional bodies(p.404)
- • Significant expansion of lithium-ion battery manufacturing capacity to 100 MWh per annum(p.430)
- • Solid profitability with net profit margin of 8.23% in nine-month period ended December 31, 2024(p.405)
Weaknesses
- • High revenue concentration among top customers, with top 5 customers representing 59.97% of revenue in 9M FY2024-25 and top 10 customers at 71.80%(p.41)
- • Persistent negative operating cash flows totaling (₹1,350.31 lakhs) in FY2023, (₹780.18 lakhs) in FY2024, and (₹1,053.45 lakhs) in 9M FY2024-25 driven by working capital requirements(p.49)
- • Under-utilization of manufacturing capacity across three manufacturing units, limiting production efficiency and increasing fixed costs per unit(p.54)
- • Significant contingent liabilities including bank guarantees of ₹2,506.60 lakhs as of December 31, 2024, exposure to invocation for project performance defaults(p.55)
- • Limited manufacturing operating history since transitioning to in-house manufacturing only from 2021, with unproven ability to manage large-scale operations(p.56)
- • Show cause notice for alleged customs duty violations involving potential duty difference liability of ₹24,90,69,766 on historical imports from 2019-2024(p.39)
- • Instances of delays in payment of statutory dues including EPF (8 instances in FY2023, zero in FY2024), ESIC (1 instance in FY2023), and professional tax (64 instances in FY2024)(p.48)
- • Declining debt service coverage ratio indicates reduced financial flexibility(p.64)
- • Significant working capital requirements with increasing cycle duration(p.63)
- • High reliance on promoter personal guarantees for secured borrowings(p.73)
- • Non-ownership of manufacturing and operational premises on leased basis(p.60)
- • History of secretarial compliance failures and filing delays(p.74)
- • Prior business failure in solar PV manufacturing venture(p.76)
- • Increasing working capital requirements due to business expansion(p.126)
- • Rising inventory holding period due to lithium cell imports and manufacturing shift(p.129)
- • Extended trade receivable days due to higher government project participation(p.129)
- • Existing outstanding borrowings of ₹6,691.78 lakhs as of March 31, 2025(p.131)
- • High dependence on top customers with top 5 accounting for 59.97% of revenue in 9M FY25(p.217)
- • High supplier concentration with top 5 suppliers accounting for 80.61% of purchases(p.240)
- • Significant increase in working capital cycle from 63 days (FY22) to 126 days (FY24)(p.206)
- • Debt-to-Equity ratio increased from 0.07x (FY22) to 0.51x (FY24)(p.206)
- • Manufacturing capacity utilization remains low at 12-46% across units(p.233)
- • High dependence on borrowed capital for operations(p.294)
- • Significant personal guarantees from promoters on bank borrowings(p.288)
- • Recent lease property vacations and transitions(p.247)
- • High debt burden with significant current liabilities(p.352)
- • Dependence on bank financing with rising interest costs(p.357)
- • Rising inventory levels requiring working capital management(p.345)
- • Concentration of property assets with development risks(p.339)
- • Contingent liabilities including disputed tax demands(p.366)
- • Heavy dependence on limited number of major customers with Customer-1 representing 35.01% of revenue(p.379)
- • Significant increase in debt-equity ratio from 0.07 in Fiscal 2022 to 0.56 in nine-month period ended December 31, 2024(p.381)
- • Deteriorating debt service coverage ratio declining from 10.30 in Fiscal 2022 to 5.59 in nine-month period ended December 31, 2024(p.405)
- • Geographical concentration with all non-current assets located within India only(p.379)
- • Declining inventory turnover ratio from 5.27 in Fiscal 2022 to 3.33 in nine-month period ended December 31, 2024(p.405)
- • Unresolved audit qualifications including outstanding statutory dues and bank statement discrepancies(p.397)
- • High concentration of revenue among top customers creates dependency risk(p.439)
- • Significant outstanding borrowings with acceleration risk(p.436)
- • Substantial contingent liabilities from guarantees and letters of credit(p.437)
- • Multiple tax disputes and regulatory compliance issues(p.444)
- • Large customs duty exposure from alleged duty exemption misuse(p.444)
Opportunities
- • High growth potential in Indian UPS market expected to grow at CAGR of 8.22% till FY30, and lithium-ion battery market expected to grow at 19.67% CAGR till FY30(p.29)
- • Strong growth opportunity in solar hybrid inverter market, expected to grow at 18.60% CAGR till FY30 reaching ₹13,938 million by FY30(p.29)
- • Expansion of manufacturing capacity with new 100 MWh per annum lithium-ion battery manufacturing facility operational from December 2023, enabling market capture(p.46)
- • Opportunity to reduce revenue concentration and dealer-distributor channel volatility through direct government procurement channels, as government revenue grew from 18.45% in FY2022 to 46.21% in 9M FY2024-25(p.57)
- • Rising dependence on electricity in India with expanding commercial and industrial segments creating structural demand for backup power solutions(p.29)
- • Entry into international markets as part of growth strategy(p.78)
- • Expansion into new power solution product categories(p.61)
- • Growth in Solar EPC contracts with increasing bid participation(p.59)
- • Acquisition strategy for inorganic growth through technology and business integration(p.69)
- • India's strong GDP growth trajectory and renewable energy targets(p.159)
- • Growing UPS market in India expanding at 8.22% CAGR till FY30(p.164)
- • Rapid expansion of lithium-ion battery market at 19.67% CAGR till FY30(p.175)
- • Government initiatives supporting renewable energy and energy storage(p.164)
- • Growing solar EPC market with expected investment opportunities(p.172)
- • Strategic acquisition and inorganic growth opportunities in power solutions sector(p.135)
- • Indian UPS market growing at 8.22% CAGR with market size of ₹96,432 million in FY24(p.204)
- • Solar Hybrid Inverter market expected to grow at 18.60% CAGR reaching ₹13,938 million by FY30(p.204)
- • Lift Inverter market valued at ₹164,292.82 million in FY24 with 8.28% CAGR(p.204)
- • Servo Stabilizer market reaching ₹13,455 million in FY24, expected to reach ₹23,137 million in FY30(p.204)
- • Plan to expand into international markets including Bangladesh, Sri Lanka, Nepal, Africa and Middle East(p.221)
- • Increasing healthcare infrastructure driving demand for UPS systems(p.184)
- • Data center capacity in India growing from 350 MW in 2019 to 997 MW in 2024(p.189)
- • Frequent power outages in India driving demand for reliable backup power solutions(p.183)
- • Government empanelment and tender participation(p.265)
- • Solar and renewable energy sector expansion(p.265)
- • Defense and critical infrastructure demand(p.265)
- • E-commerce and healthcare sector penetration(p.265)
- • Expansion of solar EPC contract business showing strong growth(p.355)
- • Growth in service revenues and value-added offerings(p.355)
- • Expansion of product portfolio in power solutions segment(p.355)
- • Strategic subsidiary development through Prostarm Energy Systems(p.311)
- • IPO preparation indicating planned capital market access(p.347)
- • Expanding solar EPC business with revenue more than doubling from ₹906.91 lakhs in Fiscal 2023 to ₹2,368.46 lakhs in Fiscal 2024(p.430)
- • Growing demand for renewable energy and sustainable power solutions driving growth in solar and lithium battery businesses(p.405)
- • Increasing adoption of solar hybrid inverter systems with revenue growing from ₹1,578.53 lakhs in Fiscal 2023 to ₹2,412.03 lakhs in Fiscal 2024(p.430)
- • Government focus on renewable energy and rooftop solar installations with successful completion of 10.56 MW capacity during nine-month period(p.405)
- • Expansion of value-added services with revenue growth from ₹637.03 lacs in Fiscal 2023 to ₹1,161.68 lacs in Fiscal 2024(p.430)
- • Diversification from third-party products to manufactured products focusing on higher-margin core power solution products(p.430)
Threats
- • Significant customs duty risk with Show Cause Notice alleging wrongful exemption claims on UPS imports totaling ₹24,90,69,766 with potential confiscation of goods(p.39)
- • Heavy dependence on imports of lithium-ion cells predominantly from China, vulnerable to trade disruptions, currency fluctuations, and tariff increases(p.54)
- • High supplier concentration with top 5 suppliers representing 80.61% and top 10 suppliers representing 87.02% of purchases in 9M FY2024-25(p.46)
- • Geographic concentration risk with all three manufacturing units located in Maharashtra (Pune and Mumbai), exposing operations to regional disruptions and local factors(p.56)
- • UPS market faces significant challenges including high initial costs, battery lifespan degradation, technological obsolescence, and environmental disposal concerns(p.50)
- • Dependence on dealer and distributor network with no long-term contracts, risking sudden loss of distribution channels and market access(p.42)
- • Risk of loss of government empanelment status and institutional customers, which now represent 46.21% of revenue, could materially impact top-line(p.57)
- • Power sector regulation and policy changes in India could adversely affect renewable energy adoption rates and backup power solution demand(p.26)
- • Intense competition from organized and unorganized sector competitors(p.61)
- • Dependence on government contracts with onerous payment terms and delays(p.57)
- • Low solar EPC bid success ratio with declining win rate(p.60)
- • Significant reliance on third-party contract manufacturers including China exposure(p.62)
- • Foreign exchange fluctuation risk on imports and operations(p.72)
- • Extended trade receivable turnover days indicating collection risk(p.57)
- • Regulatory and licensing approval uncertainties in multiple jurisdictions(p.64)
- • Global economic uncertainty and slowdown affecting demand(p.160)
- • Volatility in imported lithium cell prices and supply chain risks(p.126)
- • Extended payment cycles in government projects impacting cash flow(p.126)
- • Competitive pressure from established players in UPS and power solutions market(p.165)
- • Dependency on monsoon conditions affecting agricultural demand and rural consumption(p.160)
- • High initial costs of renewable power storage and battery systems limiting adoption(p.199)
- • Competition from traditional cheaper energy sources limiting uptake of renewable technologies(p.199)
- • Battery lifespan degradation and ongoing replacement costs reducing system effectiveness(p.200)
- • Supply chain disruptions from raw material shortages and geopolitical tensions(p.200)
- • Policy uncertainty and regulatory changes creating compliance challenges(p.200)
- • Environmental sensitivity of battery systems to temperature, humidity and dust(p.200)
- • Cybersecurity vulnerabilities as systems become more connected and networked(p.200)
- • Technological obsolescence risk as newer models with better efficiency and features emerge(p.200)
- • Regulatory compliance burden in power electronics and battery sectors(p.252)
- • Environmental impact regulations for manufacturing(p.251)
- • Competition Commission and anti-competitive regulations(p.255)
- • Input cost and supply chain volatility(p.302)
- • Exposure to foreign currency fluctuations in international transactions(p.370)
- • Interest rate risk on floating rate borrowings linked to repo rate(p.371)
- • Credit risk concentration in trade receivables with disputed amounts(p.369)
- • Dependency on working capital facilities from multiple banks(p.352)
- • Warranty obligations and provisions creating liability exposure(p.351)
- • Significant increase in finance costs from ₹65.57 lakhs in Fiscal 2022 to ₹410.38 lakhs in nine-month period ended December 31, 2024 due to higher borrowings(p.431)
- • Vulnerability to external shocks affecting working capital with days working capital deteriorating to 123 days(p.405)
- • Dependency on supply chain and raw material availability with significant cost of material consumed at 17.71% of revenue(p.427)
- • Reliance on third-party contract manufacturers and dealers creating operational disruption risks(p.404)
- • Declining return on equity from 39.21% in Fiscal 2023 to 23.95% in nine-month period ended December 31, 2024(p.405)
- • Deteriorating return on capital employed from 41.45% in Fiscal 2023 to 22.95% in nine-month period ended December 31, 2024(p.405)
- • Inflation impact on material costs and wages(p.438)
- • Foreign currency exchange rate volatility(p.437)
- • Commodity price risk from procurement of goods from outside India(p.437)
- • Intensifying competition in industry(p.438)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Ram Agarwal | Promoter | 28.83% | [●]% |
| Sonu Ram Agarwal | Promoter | 20.00% | [●]% |
| Vikas Shyamsunder Agarwal | Promoter | 33.00% | [●]% |
| Ram Agarwal | Promoter | — | — |
| Vikas Shyamsunder Agarwal | Promoter | — | — |
| Ram Agarwal | Promoter | 28.83% | — |
| Sonu Ram Agarwal | Promoter | 20.00% | — |
| Vikas Shyamsunder Agarwal | Promoter | 33.00% | — |
| Ram Agarwal | Promoter | — | — |
| Ram Agarwal | Promoter | 28.83% | — |
| Sonu Ram Agarwal | Promoter | 20.00% | — |
| Vikas Shyamsunder Agarwal | Promoter | 33.00% | — |
| Mr. Ram Agarwal | Promoter | 30.00% | — |
| Mrs. Sonu Ram Agarwal | Promoter | 20.00% | — |
| Mr. Vikas Agarwal | Promoter | 33.00% | — |
| Ram Agarwal | Promoter | 28.83% | — |
| Sonu Ram Agarwal | Promoter | 20.00% | — |
| Vikas Agarwal | Promoter | 33.00% | — |
| Ram Agarwal | Promoter | — | — |
Leadership
Tapan Ghose · Managing Director
Ram Agarwal · Whole-Time Director / Promoter
Vikas Shyamsunder Agarwal · Whole-Time Director / Promoter
Raghu Ramesh Thammannashastri · Whole-Time Director
Abhishek Jain · Chief Financial Officer
Sachin Gupta · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Prostarm Info Systems IPO FAQs
What is the lot size of Prostarm Info Systems IPO?
The minimum lot size of Prostarm Info Systems IPO is 142 shares. One lot costs ₹14,910 at the cut-off price.
When does Prostarm Info Systems IPO open and close?
Prostarm Info Systems IPO opened for subscription on 27 May 2025 and closed on 29 May 2025.
What is the listing date of Prostarm Info Systems IPO?
Prostarm Info Systems IPO listed on 03 Jun 2025.