Prostarm Info Systems IPO: The initial public offering (IPO) of Prostarm Info Systems Limited (PISL), which opened on Tuesday, May 27, witnessed an overall response from investors of 3.55 times on the first day bidding process.
The company has launched the IPO to raise up to Rs 168 crore through a fresh issue of 1.6 crore equity shares. The issue will be closed on Thursday, May 29, 2025.
Prostarm Info Systems IPO: Subscription status
Among all categories, Non-Institutional Investors (NIIs) showed the highest interest, subscribing to 6.83 times on Tuesday.
While, the Retail Individual Investors (RIIs) category received bids of 4.15 times the shares on offer.
Meanwhile, the Qualified Institutional Buyers (QIBs) category saw a lukewarm response on the firstay of the bidding process, with only 5 per cent of the reserved shares being bid for.
Prostarm Info Systems IPO Details: Price band, BRLMs, registrar, more
The company has fixed the price band between Rs 95 and Rs 105 per equity share, each having a face value of Rs 10.
Investors can bid in lots of 142 shares and in multiples thereof. The IPO is entirely a fresh issue, with no offer for sale component, indicating that all proceeds will go directly to the company for its growth and operational needs.
Prostarm Info Systems IPO: Allocation structure
- 50 per cent reserved for Qualified Institutional Buyers (QIBs)
- 35 per cent for retail individual investors
- 15 per cent for Non-Institutional Investors (NIIs).
Prostarm Info Systems IPO: BRLM, registrar
Choice Capital Advisors has been appointed as the Book Running Lead Manager for the issue, while KFin Technologies will serve as the registrar.
