Prostarm Info Systems IPO: Power solution product maker raises ₹50.4 crore from anchor investors ahead of public issue

Prostarm Info Systems IPO: Power solution product maker, Prostarm Info Systems, on Monday, 26 May 2025, raised ₹50.4 crore from anchor investors ahead of the public issue, according to the exchange filing.

According to the BSE data, Prostarm Info Systems allocated 48,00,000 or 48 lakh equity shares to a series of anchor investors at an allocation price of ₹105 per share. 

The anchor investor pool for the public issue comprises multiple firms, like Chattisgarh Investment Limited, Astrone Capital VCC ARVEN, Santosh Industries Limited, Steptrade Revolution Fund, Vikasa India, Abundantia Capital VCC, Swyom India Alpha Fund, and Meru Investment Fund, as per the filing data.

The company said that none of the 48,00,000 equity shares in the anchor allocation were allocated to domestic Mutual Funds. 

Prostarm Info Systems IPO GMP

As of Monday, 26 May 2025, the grey market premium (GMP) for the Prostarm Info Systems IPO stands at ₹25 per share. With the upper price band for the public issue at ₹105, the shares of the company are expected to be listed at ₹130, which marks a premium of 23.81 per cent, according to Investorgain data.

Grey market premium (GMP) is an indicator of investors' willingness to invest in a public issue. The GMP jumped to ₹25 levels after the announcement of the company's anchor round.

Prostarm Info Systems IPO Details

Prostarm Info Systems' IPO will open tomorrow on Tuesday, 27 May 2025, and close on Thursday, 29 May 2025. The company aims to raise ₹168 crore through a fresh issue of 1.60 crore equity shares from the public markets.

The firm has fixed its price band at ₹95 to ₹105 per share, with a lot size of 142 shares per lot.

According to Mint's earlier report, the company aims to use ₹72.50 lakh from the IPO to fund its working capital requirements. Another ₹17.95 lakh will be used to prepay or repay certain borrowings to reduce the interest burden and improve the firm's leverage ratios.

Choice Capital Advisors Private is the book-running lead manager for the public issue, while KFin Technologies Ltd is the registrar to the offer.

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