Prostarm Info Systems IPO
Prostarm Info Systems Limited (PROSTARM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 June 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +35.8% (likely range +25% to +60%), day's high +37.5%, chance of a gain 97%. Actual: +14.3% at the open, +20.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 32,00,000 | 33,43,54,194 | 104x | |
| NII (HNI) total | 24,00,000 | 53,31,28,918 | 222x | |
| Big NII (above ₹10 lakh) | 16,00,000 | 39,96,81,294 | 250x | |
| Small NII (₹2-10 lakh) | 8,00,000 | 13,34,47,624 | 167x | |
| Retail | 56,00,000 | 22,11,58,184 | 39.5x | |
| Total | 1,12,00,000 | 1,08,86,41,296 | 97.2x |
Bids on NSE and BSE together, as published by NSE, as of 29 May 2025, 07:00 PM. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Prostarm Info Systems's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Kronox Lab SciencesLimitedJun 2024 | 89.0x | 303x | 55.7x | 118x | ₹130 Cr | +21.3% | +21.8% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
| SRM ContractorsMar 2024 | 59.6x | 215x | 47.0x | 86.6x | ₹130 Cr | +2.5% | +7.6% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
| Platinum IndustriesFeb 2024 | 151x | 142x | 51.0x | 99.0x | ₹235 Cr | +31.6% | +38.2% |
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Choice Capital Advisors | 9 | +24.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Prostarm Info Systems IPO price band and lot size? ₹95.0–105 per share, with a lot of 142 shares, so the smallest retail bid is ₹14,910.
How many times has it been subscribed? 97.2x overall: QIB 104x, NII 222x, retail 39.5x.
How did it list? It opened at ₹120, +14.3% against the issue price of ₹105, and closed its first day +20.0%.
