Prostarm Info Systems IPO Day-2 Update: The ₹168-crore Prostarm Info Systems IPO is making waves across Dalal Street with its impressive 12.65x subscription on Day 2 of bidding. With a strong footing in defence power solutions and critical backup infrastructure, the company is riding a bullish wave fueled by India’s industrial and security expansion.
Here’s a detailed look at Prostarm Info Systems IPO Day-2 subscription data, Grey Market Premium (GMP), IPO fundamentals, and the future outlook for this rising star in India’s power solutions market.
Prostarm Info Systems IPO Day-2 Subscription Status
Here’s how different investor categories responded as of May 28, 2025:
| Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.03x |
| Non-Institutional Investors (NIIs) | 27.23x |
| Retail Individual Investors (RIIs) | 13.04x |
| Overall Subscription | 12.65x |
Such high interest from NIIs and retail investors shows strong confidence in Prostarm’s business model, especially in the UPS, lithium-ion battery, and solar hybrid sectors.
Also Read: Prostarm Info Systems IPO
Prostarm Info Systems IPO Day-2 GMP (Grey Market Premium) : GMP Signals Strong Listing Sentiment
As of today, market observers have noted a Grey Market Premium (GMP) of ₹20 per share, which suggests a potential listing price in the range of ₹115–₹125 (based on the upper band of ₹105). That’s a potential 20%+ upside over the issue price.
| Particulars | Value |
|---|---|
| IPO Price Band | ₹95 – ₹105 per share |
| Grey Market Premium | ₹20 |
| Expected Listing Price | ₹115 – ₹125 |
| Estimated Listing Gain | ~19% |
The rising GMP is backed by strong fundamentals, diversified clientele, and growing demand in sectors like defence, railways, and renewable energy. Such aftermarket enthusiasm often reflects high expectations of institutional and retail investors alike.
Prostarm Info Systems IPO Details
| IPO Event | Date/Detail |
|---|---|
| IPO Open | May 27, 2025 |
| IPO Close | May 29, 2025 |
| Allotment Date | May 30, 2025 |
| Refunds Start | June 2, 2025 |
| Demat Credit | June 2, 2025 |
| Listing Date | June 3, 2025 |
| Price Band | ₹95 – ₹105 |
| Lot Size | 142 shares |
| Total Issue Size | ₹168 crore |
| Fresh Issue Only | Yes |
| Exchanges | BSE, NSE |
Step-by-Step Guide to Apply Prostarm Info Systems IPO
Applying to Prostarm Info Systems IPO is simple and fully digital. Here’s how:
1. Login to your trading or UPI app
2. Go to the IPO section
3. Select ‘Prostarm Info Systems’ IPO
4. Choose the cut-off price for retail bids
5. Submit the application and confirm UPI mandate before 5 PM, May 29
Also Read: Hero FinCorp IPO Gets Sebi Nod: A Bold ₹3,668 Cr Leap into India’s NBFC Future!
Future Plans & Use of IPO Funds
The company plans to utilise the IPO proceeds as follows:
| Purpose | Amount (₹ Cr) |
|---|---|
| Working Capital | ₹72.50 |
| Debt Repayment | ₹17.95 |
| Strategic Acquisitions & Expansion | Balance |
The strategic move to boost working capital and reduce debt enhances profitability while leaving room for inorganic growth through M&A in adjacent markets.
Should You Invest in Prostarm Info Systems IPO?
If you’re looking to diversify into critical infrastructure and defence-driven power solutions, Prostarm stands out for:
-
Strong sector tailwinds
-
High GMP and robust subscription data
-
Clear fund utilisation strategy
-
Established client base and manufacturing capability
However, do assess your risk profile and check allotment details post-May 30 before planning for listing gains or long-term holding.
Also Read: Scoda Tubes IPO Now Live: Explore Price Band, Grey Market Premium & Key Financial Highlights
Call to Action:
Apply for Prostarm Info Systems IPO before May 29 if you’re looking to ride India’s defence and energy transformation wave. Don’t miss the early listing gains!
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
