Prostarm Info Systems share price today: Lists at 14% premium on NSE

Prostarm Info Systems shares made a positive debut on Tuesday, June 3, 2025, following the completion of its initial public offering (IPO). Prostarm Info Systems share price listed at ₹120 per share on the National Stock Exchange (NSE), reflecting a premium of ₹15 or 14.29 per cent over the issue price of ₹105 per share.
On the BSE, Prostarm Info Systems shares listed at premium of ₹20 or 19.05 per cent at ₹125 per share.
IPO listing was above grey market estimates. Ahead of the listing, the unlisted shares of Prostarm Info Systems were trading around ₹117 per share, reflecting a grey market premium (GMP) of ₹12, or 11.43 per cent, over the issue price, revealed sources tracking unofficial market activities.
Prostarm Info Systems IPO details
The Prostarm Info Systems IPO consists entirely of a fresh issue of 16 million equity shares. The IPO is priced in a band of ₹95 to ₹105 per share, with a lot size of 142 shares.
The three-day subscription period to bid for the initial public offering (IPO) of Prostarm Info Systems opened on Tuesday, May 27, and concluded on Thursday, May 29, 2025. The basis of allotment of Prostarm Info Systems IPO shares was finalised on Friday, May 30, 2025, with shares getting credited into demat accounts on Monday, June 2, 2025.
The company, in its Red Herring Prospectus (RHP), said that it will use the IPO proceeds to fund working capital requirements, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, and for achieving inorganic growth through unidentified acquisitions and other strategic initiatives, as well as for general corporate purposes.
About Prostarm Info Systems
Prostarm Info Systems specialises in energy storage and power conditioning equipment. They design, manufacture, and sell various power solution products, including UPS systems, inverters, and solar hybrid systems. The company serves diverse industries like healthcare, aviation, and renewable energy, with a wide geographical presence across 18 states and 1 union territory in India. Their services include installation, rental options, and after-sales support, catering to clients like Airports Authority of India and NTPC.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

India Gazette

4 hours ago

• India Gazette

Housing sales in top cities fall below 1 lakh unit, first time in 14 quarters: PropEquity report

New Delhi [India], June 22 (ANI): Housing sales in India's top cities in Q2 2025 (April-June) fell below one lakh unit mark for the first time since Q3-2021 while supply remained below this threshold for the fourth consecutive quarter as per a report. Sales fell by 19 per cent on year-on-year basis to 94,864 units while supply fell by 30 per cent on year-on-year to 82,027 units in the April-June period of 2025, according to a report by NSE-listed real estate data analytics firm PropEquity. Housing sales stood at 116,432 units and supply stood at 117,208 units in April-June period of 2024. According to the report, housing sales fell year-on-year in 7 out of the 9 cities with Mumbai and Thane witnessing the sharpest fall at 34 per cent each while Delhi-NCR at 16 per cent and Chennai at 9 per cent were the only two cities that saw a rise in sales in April-June of 2025. Similarly, housing supply fell in six out of the nine cities with Mumbai recording the sharpest fall at 61 per cent while three cities saw rise in supply, namely Delhi NCR at 37 per cent, Hyderabad at 19 per cent and Chennai at 6 per cent in April-June of 2025. Samir Jasuja, Founder and CEO, PropEquity said, 'This is for the first time since Q3 2021 (July-September) that housing sales have fallen below 1 lakh unit mark. Supply, too, has stayed below 1 lakh unit mark for the fourth consecutive quarter. There has been a decline in both sales and supply on Q-o-Q basis in Mumbai, Bengaluru and Navi Mumbai as these cities recorded their high in 2023 and 2024, and are now stabilising to their normal pace.' 'Delhi-NCR has witnessed the maximum growth in this quarter owing to rise in supply in Ghaziabad and Greater Noida.' According to the report, housing sales in top 9 cities fell by 10 per cent while supply rose by 2 per cent on quarter-on-quarter basis. While Chennai, Hyderabad, Kolkata, Pune and Delhi-NCR saw a rise in supply, the sales rose in Chennai, Hyderabad, Kolkata and Delhi-NCR. (ANI)

Mint

4 hours ago

• Mint

Zee Media share price in focus after promoter group buys 1.11 crore shares. Do you own?

Zee Media share price will remain in focus on Monday after promoter group acquired significant stake in the company. On Friday, the media company stock fell over 1.85 per cent in the early trading hours to ₹ 13.25, however, recovered quickly surging to ₹ 13.47 per share. The stock finally closed at ₹ 13.42. According to reports, AUV Innovations LLP, part of the promoter group, has made a notable acquisition in Zee Media Corporation Limited by acquiring 1,11,00,000 shares at an average price of ₹ 13.6 through open market transactions. The transaction was total valued at ₹ 1,504 lakhs. This comes after earlier purchases in May 2025, when AUV Innovations LLP acquired 2,40,000 shares on May 16, followed by another 29,60,000 shares on May 19. In total, the promoter has accumulated 1.43 crore shares through these open market transactions. Zee Media Corporation Limited declared its financial results for the January–March quarter on May 5, 2025. As per the consolidated financial statements, the company's net loss for the fourth quarter of FY 2024–25 surged by 464% year-on-year (YoY) to ₹ 36.76 crore, compared to ₹ 6.51 crore reported during the same period last year. The media company reported a 13% decline in its core operational revenue, which fell to ₹ 155.80 crore in the January–March quarter of FY 2024–25, down from ₹ 178.98 crore in the corresponding quarter last year. Meanwhile, Zee Media's total expenses for the fourth quarter rose by 6.39% year-on-year to ₹ 200.21 crore, compared to ₹ 188.17 crore in the same period of the previous fiscal. 'The Group has incurred a loss of Rs. 11,942 lakhs during the year ended 31 March, 2025 and the Working Capital stands negative as at that date. To address he same, the Group has been taking various steps including cost rationalization measures and has obtained credit period extension to discharge some of its contractual obligations,' said Zee Media Corp in the BSE filing. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Time of India

4 hours ago

• Time of India

Housing sales dip 19% in April-June across top 9 cities: PropEquity

Housing sales are estimated to fall 19 per cent in April-June across nine major cities to 94,864 units on lower launches and subdued demand, according to PropEquity . In its report released on Sunday, real estate data analytics firm PropEquity mentioned that housing sales are expected to dip by 19 per cent to 94,864 units in the second quarter of this calendar year from 1,16,432 units in the year-ago period. Samir Jasuja, Founder and CEO of PropEquity said, "This is for the first time since Q3, 2021 (July-September) that housing sales have fallen below 1 lakh unit mark. Supply, too, has stayed below 1 lakh unit mark for the fourth consecutive quarter." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Little Elm: Stunning New 2-Bed Senior Apartments (Take A Peek Inside) Senior Apartments | Search Ads Click Here Undo New supply is estimated to fall 30 per cent to 82,027 units from 1,17,208 units during the period under review. As per the data, housing sales in Bengaluru are estimated to fall 6 per cent to 14,676 units in April-June this year from 15,582 units in the year-ago period. Live Events Sales of residential properties in Hyderabad are likely to fall 20 per cent to 11,815 units from 14,704 units. Housing sales in Mumbai might fall 34 per cent to 8006 units from 12,114 units. Navi Mumbai is likely to witness 17 per cent decline in sales to 6,833 units from 8,224 units. Housing sales in Thane are expected to decline 34 per cent to 14,832 units from 22,512 units. Pune is likely to witness a 27 per cent fall in sales to 17,196 units from 23,429 units. Housing sales in Kolkata are likely to decrease by 8 per cent to 4,449 units from 4,826 units. However, Delhi-NCR and Chennai residential markets are likely to report higher sales. Housing sales in Delhi-NCR could rise 16 per cent to 11,703 units from 10,114 units. Sales of residential properties in Chennai are expected to rise 9 per cent to 5,354 units during April-June 2025 from 4,927 units in the year-ago period. P.E. Analytics, a NSE-listed company, owns and operates PropEquity platform. PropEquity has more than 17 years of catalogued data. It tracks more than 40 cities of India.