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The company has raised Rs 168 crore through this issue. It was opened between 27 May to 29 May 2025 for IPO subscription. (File photo)
The share of Prostaram Info Systems Limited was listed at Rs 125 on BSE with a 19.05% premium on June 3. At the same time, its share on NSE was listed at Rs 120 with a premium of 14.29%. The issue price of its share was Rs 105 per share. The company has raised Rs 168 crore through this issue. It was opened between 27 May to 29 May 2025 for IPO subscription.
What will the company do to this fund?
- The company will use Rs 72.5 crore from the funds collected through the IPO to meet its working capital needs. While 18 crore rupees will be used to repay the loan.
- Of the funds, Rs 9 crore will be used to acquire further stake in the subsidiary to make it a fully owned subsidiary. In addition, the remaining amount will be used for general corporate purposes.
What does the company do Prostaram Info Systems designs, manufacture and sells energy storage and power conditioning equipment. The company makes a variety of power solution products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs and voltage stabilizers.
What is IPO? When a company releases its shares for the common people for the first time, it is called an initial public offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.
