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IPO Synopsis

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Prostarm Info Systems Ltd
Registered Office:
Plot No. EL 79 Electronic Zone,TTC MIDC Mahape Navi Mumbai, Thane - 400710, Maharashtra, India.
Email :  cs@prostarm.com
Website :  www.prostarm.com
Initial public offering of up to 1,60,00,000* equity shares of face value of Rs. 10 each (equity shares) of Prostarm Info Systems Limited (the company or the issuer) for cash at a price of Rs. [*] per equity share (including a securities premium of Rs. [*] per equity share) (issue price) aggregating up to Rs. [*] crores (the issue). The issue will constitute [*] % of the post -issue paid-up equity share capital.

Price Band: Rs. 95 to Rs. 105 per equity share of the face value of Rs. 10 each.

The floor price is 9.5 times and the cap price is 10.50 times of the face value of the equity shares.

Bids can be made for a minimum of 142 equity shares and in multiples of 142 equity shares thereafter.
Issue
Opens On Closes On
27-May-25 29-May-25
Money Payable On
Application Allotment
95.00 0.00
Minimum Application for shares in Nos : 142  Further Multiples of : 142
(₹)(Cr.) Lead Managers to the Issue
Project Cost (₹) 0.00 Choice Capital Advisors Pvt Ltd
Project Financed through Current Offer (₹) 152.00  
Post Issue Equity Share Capital (₹) 58.87  
Issue Price (₹) 95.00  
Projects
Funding working capital requirements of the company
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Acquisition of further stake of its subsidiary to make it a wholly owned subsidiary
General corporate purposes
Promoted By
Ram Agarwal
Sonu Ram Agarwal
Vikas Shyamsunder Agarwal
Listing At
BSE
NSE
Registrar to the Issue