🏢 Company Overview
Prostarm Info Systems Ltd, established in 2008, is a power solutions provider engaged in the design, manufacturing, assembly, sale, and service of energy storage and power conditioning equipment. Their offerings include:
- Key Products:
- Uninterruptible Power Supply (UPS) systems
- Inverter systems
- Lithium-ion battery packs
- Servo-controlled voltage stabilisers
- Isolation transformers
- Solar hybrid inverters
- Additional Services:
- Engineering, Procurement & Construction (EPC) for rooftop solar PV projects
- Third-party sales of batteries, IT assets, solar panels
- Client Base:
Notable clients include Larsen & Toubro Ltd and Tata Power Co. Ltd, with a strong client retention record across BFSI, healthcare, and renewable sectors. - Operational Footprint:
- 21 branch offices
- 2 storage facilities
- Spread across 18 states and 1 union territory in India
- Certifications:
- ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- TL 9000:2016 (telecom), IS/ISO 14025:2006, ISO/IEC 20000-1:2018
- Promoter:
Mr. Tapan Ghose (Managing Director)
📅 IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | 27 May 2025 |
| IPO Closes | 29 May 2025 |
| Allotment Date | [Not Specified] |
| Listing Date (Tentative) | [Not Specified] |
| Price Band | ₹95 – ₹105 |
| Lot Size | 142 shares |
| Minimum Investment | ₹13,490 |
| Issue Size | ₹168.00 Cr |
💰 Use of IPO Proceeds
As per the draft filings, the company intends to use the proceeds for:
- Facility Expansion
- Working Capital Requirements
- Technology Upgrade & Infrastructure
- General Corporate Purposes
📈 Financial Performance Table (₹ in Crores)
| Period | Revenue | Profit |
|---|---|---|
| FY22 | 171.31 | 10.87 |
| FY23 | 230.36 | 19.34 |
| FY24 | 257.87 | 22.8 |
🔍 Industry & Peer Comparison
- Sector: Power Storage, Power Conditioning & Solar Energy Solutions
- Niche: Customised and Standard UPS Systems, Energy Equipment
Key Competitors:
- Vertiv Energy Pvt Ltd
- Numeric UPS
- Su-Kam Power Systems
- Luminous Power Technologies
Positioning:
Prostarm is competitively placed with:
- Diversified product base
- Pan-India network
- Industrial and commercial segment presence
Profitability vs Peers (Indicative):
- Steady profit margin growth
- Loyal clientele in critical infrastructure industries like BFSI & healthcare
✅ Strengths
- 🔧 Diverse Product Portfolio: From UPS to solar inverters and lithium-ion batteries
- 🧩 Customised Solutions: Strong engineering capability for tailored needs
- 🌐 Pan-India Reach: 21 branch offices & wide distributor/dealer network
- 🏥 Stable Customer Base: Long-standing relationships with enterprise clients
- 🧪 Certified Quality: Holds multiple ISO certifications across quality and environment
⚠️ Risks & Concerns
- 📉 Customer Concentration: Heavy reliance on institutional buyers
- 🌍 Geographical Limitation: Business confined to India
- 🔁 Working Capital Intensive: Inventory and receivable-heavy model
- 🔧 Dependency on Suppliers: Reliance on third-party manufacturers
- 📊 Competitive Market: Several well-established power solution brands operate in India
📄 IPO Document
Please refer to the official DRHP/RHP here for complete and authoritative details.
📌 Disclaimer
This analysis is based on publicly available information including DRHP, RHP, and stock exchange filings. It is provided for informational purposes only and does not constitute investment advice. Readers are advised to conduct their own due diligence or consult financial advisors before investing.