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Issue Open Date
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27-May-25
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Issue Closing Date
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29-May-25
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Application Money
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100
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Allotment Money
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Price Band
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95
-
105
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Minimium Application No.
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142
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Issue Size (Shares)
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16000000
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Market Lot
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1
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Objective
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1. Funding working capital requirements of our Company;2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company; and3. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (“Power Solution Products”) in India. Our manufactured Power Solution Products comprise of UPS system, inverter system, lift inverter system, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (“SCVS”), isolation transformers and other power solution products. We offer both customized and standard products and solutions, manufactured and assembled at our in-house facilities and also through third party contract manufacturers. In addition to our core manufactured products, we also deal in sale and supply of third party manufactured batteries, reverse logistics/end-of-life disposal for UPS systems and batteries and other allied products. We also undertake rooftop solar photovoltaic power plant projects across India on EPC basis. Our comprehensive range of value-added services include installation, rental, after-sales services (including warranty and post-warranty services), Annual Maintenance Contracts (“AMC”) which supplements our Power Solution Products, catering to a wide spectrum of customers and their requirements.
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Promoter's Holding
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Total Share Capital
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42874592
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Offered to Public
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16000000
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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Address |
Plot No. E L-79
Electronic Zone
T T C
M I D C
Mahape
Navi Mumbai
Thane
,
Maharashtra
,
400701
Phone :
022 4528 0500
Email :
cs@prostarm.com
Website :
www.prostarm.com/
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
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Choice Capital Advisors Pvt Ltd
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Promoters |
Ram Agarwal
Sonu Ram Agarwal
Vikas Shyamsunder Agarwal
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