Prostarm Info Systems Share Price Live: Stock gains after listing at premium; Buy, hold or sell?

Prostarm Info Systems share price made a bumper debut on the bourses today. On NSE, Prostarm Info Systems share price opened at ₹20 per share, 14.29% higher than the issue price of ₹105. On BSE, Prostarm Info Systems share price today opened at ₹125 apiece, up 19.05% than the issue price.

The equity shares of Prostarm Info Systems, a manufacturer of power solution products, have been launch today on the Indian stock market following a recently completed initial public offering (IPO).

The public offering are available from May 27 to May 29, and the IPO allotment took place on May 30. The IPO listing date is June 3, which falls on a Tuesday.

Trading Members of the Exchange are hereby notified that effective Tuesday, June 3, 2025, the equity shares of PROSTARM INFO SYSTEMS LIMITED will be listed and allowed for trading on the Exchange as part of the ‘T’ Group of Securities. Additionally, the script will be in the Trade-for-Trade segment for a duration of 10 trading days, according to a notice from the BSE.

As an integrated provider of power solutions, Prostarm Info Systems specializes in UPS systems, lithium-ion battery packs, and various third-party power solution products, among others. The company serves multiple sectors, including healthcare, aviation, research, BFSI, railways, defense, security, education, renewable energy, information technology, and oil & gas.

The company produces a variety of power solution products under the Prostarm brand, including UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilizers, and isolation transformers.

Prostarm operates three manufacturing plants in Maharashtra. In the fiscal year 2024, the company served over 700 clients, including prominent names such as Larsen & Toubro Ltd, Tata Power Co. Ltd, and Bajaj Finance Ltd.

The power backup systems market in India is witnessing significant growth due to persistent power shortages and advancements in technology. The increasing gap between power demand and supply has driven industrial sectors to seek uninterrupted power solutions, particularly UPS systems, which prevent data loss, connectivity issues, and equipment damage. These systems are widely used across banking, power, manufacturing, transportation, retail, healthcare, and entertainment industries.

Additionally, the government's push towards clean energy and off-grid renewable solutions—such as solar and wind power—has accelerated the adoption of green UPS systems, further expanding the market. Initiatives like 'Make in India' and 'Vocal for Local' are strengthening domestic manufacturing, positioning India as a potential global hub by 2030.

Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specializing in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment, known as "Power Solution Products." Their manufactured Power Solution Products comprise of UPS system, inverter system, lift inverter system, solar hybrid inverter systems, lithium-ion battery packs, transformers and other power solution products.

With a reasonable valuation at 14.72x P/E (9MFY25 annualized), the company offers attractive entry for investors. While cash flow efficiency remains a watchpoint, we recommend SUBSCRIBE for investors seeking long-term exposure to the energy infrastructure and digital power solutions space.

The stock was trading at ₹123.50 per share on NSE, marking a 2.92% increase at 12:19 IST, and at ₹123.05 per share on BSE, showing a nearly 1.56% decline.

According to Arun Kejriwal, founder of Kejriwal Research and Investment Services, Prostarm Info Systems performed better than the grey market indicated. The issue's objectives were not short-term but medium- to long-term, and the benefits that would accrue from this issue would also be medium- to long-term. So, the company would be declaring results so investors would get the opportunity to reinvest in this company going forward. Investors need not buy the shares at a 20% premium to the issue price; investors could wait for better opportunities.

If investors have bought the shares, they should book profits and wait for the shares to consolidate because this issue was very well subscribed. So, looking at this euphoria, part of the listing gains is also because of this euphoria that the share garnered through subscription.

Avinash Gorakshakar, Head-Research at Profitmart Securities, believes the company is promising in the power solutions space and catering to several large sectors like defence aerospace power and railways and bfsi segments. Good promoter profile also who have the right skill sets to ramp up business ahead. All in all should do well in the long term.

As per the Red Herring Prospectus (RHP), the company's listed peers are Servotech Renewable Power System (with a P/E of 243), and Sungarner Energies (with a P/E of 55).

According to Arun Kejriwal, Founder of Kejriwal Research and Investment Services, Prostarm Info Systems IPO was offered at a fair valuation, which led to a strong response from Indian primary market investors. Despite range-bound bias on Dalal Street, Prostarm Info Systems shares are expected to list at a premium of around ₹10 per share. So, Prostarm Info Systems IPO allottees may expect a Prostarm Info Systems IPO listing price of nearly ₹115 ( ₹105 + ₹10).

The initial share sale of integrated power solutions company Prostarm Info Systems Ltd, valued at ₹168 crore, was oversubscribed by an impressive 97.20 times by the end of the bidding period on Thursday, thanks to strong interest from institutional investors. The Initial Public Offer (IPO) attracted bids for 108,86,41,296 shares compared to 1,12,00,000 shares available, as per NSE data.

The segment for non-institutional investors saw a tremendous subscription of 222.14 times, while the Qualified Institutional Buyers (QIBs) portion achieved a subscription rate of 104.49 times. The Retail Individual Investors (RIIs) category recorded a subscription of 39.49 times.

Prostarm Info Systems IPO GMP today is +12. This indicates Prostarm Info Systems share price is trading at a premium of ₹12 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Prostarm Info Systems share price is indicated at ₹117 apiece, which is 11.43% higher than the IPO price of ₹105.

According to the activities observed in the grey market over the last 15 sessions, the present GMP ( ₹12) indicates a downward trend. The lowest recorded GMP stands at Re 0.00, whereas the peak GMP reached ₹25, as noted by experts from investorgain.com.

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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