| Company Name | Prostarm Info Systems LImited |
| Company Type | Non-SME |
| Sector | Power |
| Promoter Holding – Pre IPO | 100% |
| Promoter Holding – Post IPO | 72.82% |
| Dilution (%) | 27.18% |
| Fresh Issue | 1,60,00,000 Shares – INR 168 Cr |
| OFS | – |
| Offer Size | INR 168 Cr |
| Price Band | INR 95-105 per Share |
| Cost Of one Lot | INR 14,910 |
| No. of shares Post-IPO | 5,88,74,592 Shares |
| Market Cap | INR 618 Cr |
| FY22 Profit | INR 11 Cr |
| FY23 Profit | INR 19.5 Cr |
| FY24 Profit | INR 23 Cr |
| 9MFY25 Profit | INR 22 Cr |
| P/E | 21x |
| Last Year Sales Growth | 39% |
| Opening Date | 27-05-2025 |
| Closing Date | 29-05-2025 |
| Listing Date | 03-06-2025 |
| Website | https://prostarm.com/ |
| DRHP | https://prostarm.com/wp-content/uploads/2019/09/DRHP.pdf |
Question 1: What is the overview of the Company?
Prostarm Info Systems Ltd. is an Indian company specializing in power management solutions with a strong focus on providing reliable and energy-efficient systems. The company designs, manufactures, and services a wide range of products that include Uninterruptible Power Supplies (UPS), inverters, solar power systems, battery solutions, and power conditioning equipment.
Prostarm serves critical sectors such as IT, banking, telecom, healthcare, education, manufacturing, government institutions, and data centers, where uninterrupted power supply and voltage regulation are essential for operations. The company is known for offering tailored power backup and power quality solutions based on customer requirements, ranging from small businesses to large-scale enterprises.
The company has developed its brand in the market through its emphasis on technological innovation, customization, and after-sales service. It supports its customers through a network of service engineers and channel partners across various cities in India.
With increasing demand for energy-efficient and clean power technologies, Prostarm has also ventured into solar energy solutions, making it a part of the growing green energy ecosystem.
Key Focus Areas:
- Power Backup Solutions (UPS systems of various capacities)
- Solar Power Solutions (including off-grid and hybrid systems)
- Power Conditioning Equipment (like stabilizers and inverters)
- Battery and Energy Storage Integration
- Custom Solutions for Sectors with Critical Power Needs
Differentiators:
- Pan-India presence with service support
- Customization of power systems based on industry-specific needs
- Emphasis on technology, energy efficiency, and sustainable power
Business Verticals:
Third-Party V/s Inhouse Products Revenue Breakup:
Industry wise Revenue Bifurcation:
State-wise Revenue Bifurcation:
Installed Capacity and Capacity Utilization:
Manufacturing Unit 1 :
Manufacturing 2:
Manufacturing 3:
Question 2: Who are the Promoter of the company?
- Ram Agarwal
Whole-Time Director & CEO
Ram Agarwal is a first-generation entrepreneur with over 16 years of experience in electrical and electronic control, energy storage, power conditioning, and power consumption solutions. - Vikas Shyamsunder Agarwal
Whole-Time Director
Vikas Agarwal serves as a Whole-Time Director, contributing to the company’s strategic decisions and operations. - Sonu Ram Agarwal
Senior Manager – Admin
Sonu Agarwal holds the position of Senior Manager – Admin, overseeing administrative functions within the company.
These individuals have been instrumental in steering Prostarm Info Systems Ltd. towards its current position in the power management solutions industry.
Question 3: How Company performed in the past?
| Particular (INR Cr) | FY22 | FY23 | FY24 | 9MFY25 |
| Total Revenue | 171.5 | 230.5 | 258 | 268.5 |
| Net Profit | 11 | 19.5 | 23 | 22 |
Question 4: How much money is the company raising and why?
In the IPO, the company is offering 1.60 Cr shares, priced at INR 95-105 per share, aggregating to total of INR 168 Cr,
with a lot size of 142 shares. For the purpose of:
Funding Working capital requirements of the Company – INR 72.5 Cr.
Repayment of borrowings – INR 17.95 Cr.
Achieving inorganic growth through unidentified acquisitons and other strategic initiative and general corporate purpose- INR 77.55 Cr
Question 5: Valuation of the company and comparison with other companies
| Particulars | Market Cap (In Cr) | P/E |
| Prostarm Info Systems Limited | 618 | 21x |
| Servotech Renewable Power System Ltd | 2,774 | 83x |
| Sungarner Energies Ltd | 72 | 45x |
Question 6: Summary of Outstanding Litigations
Criminal and Tax Proceedings against the company:
