Prostarm Info Systems Limited had a solid listing on the bourses today, opening at ₹120 on the NSE and ₹125 on the BSE, marking a 14.3% and 19.04% premium respectively over its issue price of ₹105.
The listing comes amidst subdued debut performances by recent IPOs such as Leela Hotels, Aegis Vopak Terminals, Belrise Industries, and Borana Weaves. In contrast, Prostarm’s IPO garnered robust demand across categories.
The IPO, which was open from May 27 to May 29, 2025, was subscribed an impressive 96.68 times overall. The Qualified Institutional Buyers (QIB) portion was subscribed 102.67 times, Non-Institutional Investors (NIIs) subscribed 222.13 times, and retail investors subscribed 39.48 times.
The issue was priced at ₹105 per share, with a lot size of 142 shares for retail investors, requiring a minimum investment of ₹13,490. Due to oversubscription, most retail investors applied at the cutoff price of around ₹14,910.
For small NIIs, the minimum application was 1,988 shares worth ₹2,08,740, while big NIIs had to apply for at least 9,656 shares, worth ₹10,13,880.
The allotment was finalized on May 30, with shares credited to demat accounts prior to today’s listing. Prostarm’s listing sets a positive tone for SME IPOs amid recent mainboard listing struggles.
