Thu May 29 04:20:00 UTC 2025: ## Prostram Info Systems IPO Sees Strong Retail and NII Demand on Opening Day

**Mumbai, May 28, 2025** – Prostram Info Systems Ltd, a leading provider of power backup and energy storage solutions, launched its Initial Public Offering (IPO) on May 27, 2025, and has witnessed a strong response from retail and non-institutional investors.

The IPO, a book-built issue of ₹168.00 crores comprising a fresh issue of 1.60 crore shares, is priced between ₹95 and ₹105 per share. Investors can apply in minimum lots of 142 shares, requiring a minimum investment of ₹13,490. The offering closes soon, and the allotment process is expected to be finalized on May 30, 2025, with listing tentatively scheduled for June 3, 2025, on both the BSE and NSE.

According to NSE data, the IPO was subscribed 12.47 times on its opening day. The retail investor category led the charge with a subscription of 13.20 times, followed by Non-Institutional Investors (NII) at 27.29 times. Qualified Institutional Buyers (QIBs) showed a more subdued response, subscribing 1.03 times.

On an average, the IPO has been subscribed nearly 3 times its offer size, led by retail investors who have subscribed to 3.78 times their allocation, and NIIs at 5.21 times.

Prostram Info Systems plans to utilize the net proceeds from the IPO for business needs.

Choice Capital Advisors Pvt Ltd is serving as the book-running lead manager for the IPO, while Kfin Technologies Limited is the registrar.

According to NDTV Profit, the Grey Market Premium (GMP) for Prostram Info Systems remains unchanged at ₹25 as of 10:12 a.m. on May 28, 2025. This suggests a potential listing price of ₹130, a 23.81% premium over the upper end of the price band. *Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. Investors should conduct their own research before making any investment decisions.*

Prostram Info Systems specializes in designing, manufacturing, and servicing a comprehensive range of power solution products, including Uninterruptible Power Supply (UPS) systems, inverters, solar hybrid inverters, lithium-ion battery packs, voltage stabilizers, and isolation transformers. The company has demonstrated consistent financial growth, with revenue from operations increasing from ₹172.05 crore in FY22 to ₹270.27 crore in FY24, and net income reaching ₹29.57 crore in FY24.

*Disclaimer: This news is for educational purposes only and should not be considered investment advice. The securities/investments mentioned are not recommendations.*

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