Latest news with #ProstarmInfoSystems
Business Standard
5 days ago
- Business
- Business Standard
Prostarm Info Systems gains on securing 30 MW BESS project from BSPGCL
Prostarm Info Systems advanced 2.39% to Rs 115.90 after the firm has received a letter of intent (LoI) from Bihar State Power Generation Company (BSPGCL) for setting up a 30 MW/120 MWh standalone battery energy storage system (BESS). The project, to be executed under the tariff based competitive bidding (TBCB) route, will be implemented at various GSS locations of BSPTCL in Bihar under the build-own-operate-transfer (BOOT) model with viability gap funding (VGF) support for 12 years. Prostarm will receive a rental of Rs 4.44 lakh/MW/month, translating into an annual rental of Rs 15.98 crore for the 30 MW capacity. The project is scheduled to be fully commissioned within 18 months from the effective date of the battery energy storage purchase agreement (BESPA). The company stated that no, the promoter/promoter group/group companies have no interest in the entity that awarded the contract. The contract does not fall under related party transactions and is not applicable under the arms length criteria. Prostram Info Systems, founded in 2008, is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company designs, manufactures, and assembles products in-house and via partners in India and China. It serves sectors like healthcare, IT, defense, and energy through direct sales and a nationwide distributor network. The company operates three units in Maharashtra and has strengthened its tech capabilities through strategic acquisitions and licensing agreements. On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 23.31 crore on an 11.9% increase in revenue to Rs 257.87 crore in FY25 over FY24. Prostram Info Systems made a debut on the stock exchanges on 03 June 2025, with its shares listing at Rs 125, a 19.05% premium to the issue price of Rs 105. The company's initial public offering (IPO), which closed on 29 May 2025, was subscribed 97.20 times. The IPO was priced within a band of Rs 95 and 105 per share.
Business Standard
13-06-2025
- Business
- Business Standard
Prostarm Info Systems gains on bagging Rs 1.60-cr order from India1 Payments
Prostarm Info Systems advanced 1.60% to Rs 114.50 after the company announced that it has received a work order worth Rs 1.60 crore from India1 Payments for the supply and installation of UPS Systems and Servo Stabilizers. According to the exchange filing, the work order includes the supply and installation of UPS systems and servo stabilizers. In a regulatory filing, the company confirmed that the total value of the contract stands at Rs 1,60,89,075 and the execution is scheduled to be completed during July to September 2025. Prostarm also clarified that the transaction does not involve any related parties, and neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. Additionally, the company reported that it has fully repaid borrowings amounting to Rs 1,782.62 lakh from Bajaj Finance and ICICI Bank, using proceeds from its Initial Public Offering (IPO). Prostram Info Systems, founded in 2008, is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company designs, manufactures, and assembles products in-house and via partners in India and China. It serves sectors like healthcare, IT, defense, and energy through direct sales and a nationwide distributor network. The company operates three units in Maharashtra and has strengthened its tech capabilities through strategic acquisitions and licensing agreements. On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 23.31 crore on an 11.9% increase in revenue to Rs 257.87 crore in FY25 over FY24. Prostram Info Systems made a debut on the stock exchanges on 03 june 2025, with its shares listing at Rs 125, a 19.05% premium to the issue price of Rs 105. The company's initial public offering (IPO), which closed on 29 May 2025, was subscribed 97.20 times. The IPO was priced within a band of Rs 95 and 105 per share.
Mint
07-06-2025
- Business
- Mint
Stock market this week: Top gainers and losers that moved Nifty and Sensex
India's Goods and Services Tax (GST) collections witnessed a robust 20.1% year-on-year growth in May 2025, reaching ₹ 1.74 lakh crore, signaling strong economic momentum and improved tax compliance. This impressive rise reflects increased consumption, higher business activity, and effective policy implementation by the government. The consistent growth across Central GST (CGST), State GST (SGST), Integrated GST (IGST), and Cess highlights the broad-based nature of this performance. Enhanced digital infrastructure, widespread adoption of e-invoicing, and improved transparency have played a crucial role in boosting collections. The strong GST numbers not only demonstrate the resilience of the Indian economy but also ensure the government has ample resources to support ongoing development and welfare programs, further strengthening India's growth trajectory. Prostarm Info Systems and Scoda Tubes marked their stock market debut with notable premiums over their respective issue prices, signaling robust investor confidence and enthusiasm. Prostarm Info Systems listed at a 19.05% premium above its issue price of ₹ 105, driven by strong demand and optimism surrounding its presence in the IT infrastructure and power solutions sector. Similarly, Scoda Tubes, a manufacturer of high-quality stainless steel tubes and pipes, got listed at a 5% premium over its issue price of ₹ 140, reflecting growing interest in industrial and infrastructure-focused companies. Both listings highlight the strength of their business models, market positioning, and alignment with key growth sectors in the Indian economy. These positive debuts not only affirm the trust of investors in emerging businesses but also reinforce the buoyancy of the IPO market. With a promising start on the bourses, both companies are well-positioned to deliver long-term value, while offering investors fresh opportunities to be part of India's evolving growth story. Several leading Asset Management Companies (AMCs) have recently launched a diverse set of New Fund Offers (NFOs), providing investors with fresh opportunities to diversify their portfolios across equity and debt segments. Among the latest offerings, Samco AMC has introduced the Samco Large & Mid Cap Growth Direct Plan, targeting a blend of large and mid-sized companies to balance stability with growth potential. Motilal Oswal AMC has launched the Motilal Oswal BSE 1000 Index Growth Direct Plan, giving investors a chance to participate in the broad Indian equity market through a passive investment strategy tracking the BSE 1000 index. DSP AMC has rolled out two sector-focused index funds—the DSP Nifty IT Index Growth Direct Plan and the DSP Nifty Healthcare Index Growth Direct Plan—which allow focused exposure to India's fast-growing IT and healthcare sectors, respectively. These funds are ideal for investors looking to tap into sectoral trends with long-term growth potential. On the other hand, Tata AMC has introduced the Tata Nifty Midcap 150 Index Growth Direct Plan, enabling investment in the midcap segment through a passive index-tracking strategy that captures the performance of 150 quality mid-sized companies. Nippon India AMC has diversified further with the launch of the Nippon India Income Plus Arbitrage Active FoF Growth Direct Plan, a fund-of-fund strategy that combines arbitrage opportunities with debt exposure to generate low-risk, stable returns. Lastly, Unifi AMC has announced the Unifi Liquid Growth Direct Plan, aimed at providing liquidity and capital preservation with reasonable returns for short-term investors. These NFOs reflect a wide range of themes—from broad market and sectoral equity indices to hybrid and liquid strategies—catering to various risk profiles and investment goals, offering investors a timely opportunity to align their portfolios with evolving market dynamics. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Mint
03-06-2025
- Business
- Mint
Prostarm Info Systems share price trades flat after decent stock market debut. Should you buy, hold or sell?
Prostarm Info Systems share price made a decent debut in the Indian stock market today as the stock was listed with a premium. On BSE, Prostarm Info Systems share price began trading at ₹ 125 per share, a 19.05% premium to the issue price of ₹ 105. On NSE, Prostarm Info Systems share price was listed with a 14.29% premium at ₹ 120 apiece. The initial public offering (IPO) of power solution products maker Prostarm Info Systems was launched on May 2, Prostarm Info Systems IPO listing date was today, June 3. Prostarm Info Systems IPO listing was better than the Street estimates as the Prostarm Info Systems IPO GMP or grey market premium ahead of debut was around 11%. As Prostarm Info Systems shares have now been listed, here's a look at what analysts suggest. According to Arun Kejriwal, founder of Kejriwal Research and Investment Services, Prostarm Info Systems has delivered a stronger performance than what was indicated by the grey market ahead of its listing. 'Prostarm Info Systems' IPO objectives were not short-term in nature, but focused on medium- to long-term growth. Accordingly, the benefits from this issue will also unfold over the medium to long term,' said Kejriwal. He noted that as the company begins to declare its financial results, investors will have the opportunity to evaluate its performance and potentially reinvest. 'At this point, there is no need for investors to buy the stock at a 20% premium to the issue price. It would be wiser to wait for better opportunities,' he added. For those who have already bought the shares, Kejriwal suggested booking profits and waiting for the stock to consolidate. 'This IPO witnessed strong subscription, and part of the listing gains can be attributed to the euphoria generated during the subscription phase,' he said. Prostarm Info Systems Well-Positioned for Long-Term Growth: Avinash Gorakshakar Commenting on the prospects of Prostarm Info Systems, Avinash Gorakshakar, Head of Research at Profitmart Securities, said the company is well-placed for long-term success. 'Prostarm is a promising player in the power solutions space, catering to several key sectors including defence, aerospace, power, railways, and BFSI. The company has a strong promoter profile with the right skill sets to scale up operations effectively. Overall, it is well-positioned to perform strongly over the long term,' he said. Read Prostarm Info Systems Share Price Live Updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
03-06-2025
- Business
- Business Standard
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.
