Prostarm Info Systems Limited – Globe Capital Market LTD.
Prostarm Info Systems Limited
Closed
Price Band
₹95 to ₹105 per share
IPO Issue Period
May 27, 2025 to May 29, 2025
Issue Size
₹168.00 Cr
Face value
₹10 per share
Fresh issue
₹168.00 Cr
Offer for sale
NIL
Minimum Shares for Retail
142 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Tue, Jun 3, 2025
QIB
50%
NII
15%
Retail
35%

Choice Capital Advisors Pvt Ltd

Prostarm Info Systems Limited is an Indian company specialising in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as “Power Solution Products.”

The company manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers. The company offers customised and standard products, produced in-house and through contract manufacturers. Additionally, they sell third-party batteries and provide reverse logistics, end-of-life disposal services for UPS systems and batteries, and other related products. The company also execute rooftop solar power plant projects in India on an EPC basis. The services of the company include installation, rental options, and after-sales support, such as warranty, post-warranty care, and Annual Maintenance Contracts (AMC), enhancing the value of our products for diverse customers.

For the year/period ended (Rs. in Cr.)

FY24 FY23 FY22
Total Revenue 259.23 232.35 172.05
Profit After Tax 22.80 19.35 10.87
EPS 5.44 4.66 2.66
OPM (%) 14.20% 12.65% 9.67%
PATM (%) 8.84% 8.40% 6.35%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Prostarm Info Systems Limited *618.18 105 5.34 19.30 259.23 22.80
Servotech Renewable Power System Ltd. 2,773.47 123.35 11.64 84.72 729.99 32.64
Sungarner Energies Ltd. 72.35 312 7.55 67.45 10.19 0.83

*Market cap @upper band

 

  • Scalable business model with wide portfolio of clients across various industries.
  • Evolving product and service offerings for diverse industries.
  • Established relationships with the customers and wide customer base
  • Wide geographical presence and distribution network.
  • Consistent track record of financial performance leading to strong balance sheet position.
  • Well experienced Promoters and senior management team with a committed employee base.
  • Funding working capital requirements of the Company.
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
  • Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

At the upper band of IPO Rs. 105, the stock is valued at 19.30 times. Hence, Well-informed investors subscribe for long term.

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