Prostarm Info Systems IPO Date, Review, Price and Key Information

Prostarm Info Systems Limited IPO is fully book build issue and it is fully fresh issue offer. The total offering consists of 1.6 crore shares.

The dates for the Prostarm Info Systems IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Prostarm Info Systems IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Prostarm Info Systems IPO has not been announced yet.

Registrar for this IPO is KFin Technologies Limited and lead managers for Prostarm Info Systems IPO are Choice Capital Advisors Private Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	16,000,000 Shares
Fresh Issue	16,000,000 Shares
Issue Type	Fresh Issue
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Prostarm Info Systems Limited Company

Prostarm Info Systems Limited is a comprehensive power solutions provider engaged in designing, manufacturing, assembling, selling, and servicing Energy Storage Equipment and Power Conditioning Equipment in India. Their products include UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilizers, and isolation transformers. Prostarm offers both standard and customized solutions, catering to diverse sectors like healthcare, aviation, BFSI, and renewable energy.

In FY24, Prostarm recorded a 13.7% EBITDA margin, the highest among its peers, with consistent growth over the past three years. The company also reported the highest PAT margin at 8.9%, exceeding the peer average. PAT for the year stood at ₹22.8 crore. As of FY24, Prostarm's Debt-to-Equity Ratio was 0.50x and Current Ratio was 1.46x.

With three manufacturing units in Maharashtra, Prostarm focuses on technological innovation through in-house R&D and technology acquisitions. The company operates with a network of 22 branch offices and two storage facilities across 17 states and one union territory, supported by 478 dealers and distributors as of March 31, 2024.

Prostarm Info Systems Limited Financial Details

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2030.45	1553.87	980.31
Revenue	2578.70	2303.63	1713.07
Profit After Tax	228.25	193.46	108.71
Net Worth	859.68	631.67	437.57
Reserves and Surplus	414.55	181.32	318.74
Total Borrowing	434.11	247.36	30.33

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
5.44	32.12%	19.67	0.51	N/A	32.40%

Offer Objectives

The company is issuing up to 1.6 crore equity shares. The net proceeds from the issue are intended to be utilized for several key objectives. A significant portion, ₹7,250 lakhs (₹72.5 million or approximately INR 7.25 crore), is earmarked for funding working capital requirements.

Another allocation of ₹1,800 lakhs (₹18 million or approximately INR 1.8 crore) is planned for the prepayment or repayment of outstanding borrowings. Additionally, ₹900 lakhs (₹9 million or approximately INR 0.9 crore) is designated for acquiring further stake in the company's subsidiary, aiming to make it a wholly-owned subsidiary.

The remaining funds will be deployed towards achieving inorganic growth through unidentified acquisitions and other strategic initiatives, as well as general corporate purposes. The company intends to deploy ₹5,200 lakhs in Fiscal year 2025 and ₹2,050 lakhs in Fiscal year 2026 from the Net Proceeds towards working capital requirements. The cumulative amount to be utilized towards inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes shall not exceed 35% of the Gross Proceeds of the Issue.

These objectives align with the company's overall strategy to enhance its financial stability, expand its operations, and strengthen its market position.