Prostarm Info Systems IPO Sees 12.47x Oversubscription by Day 2
By HDFC SKY | Updated at: May 31, 2025 10:46 PM IST
Mumbai, May 28, 2025 — The IPO of Prostarm Info Systems Limited continues to draw strong investor interest, achieving an overall subscription of 12.47 times by the end of Day 2. The offering received bids for over 13.97 crore shares against a total issue size of 1.12 crore shares.
Category-Wise Subscription Status (as of May 28, 2025, 16:42 IST)
| Investor Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 32,00,000 | 32,94,258 | 1.03 |
| Non-Institutional Investors (NIIs) | 24,00,000 | 6,42,18,648 | 26.76 |
| – ₹10L+ Bids | 16,00,000 | 4,08,35,366 | 25.52 |
| – ₹2L–10L Bids | 8,00,000 | 2,33,83,282 | 29.23 |
| Retail Individual Investors (RIIs) | 56,00,000 | 7,21,98,196 | 12.89 |
| Total | 1,12,00,000 | 13,97,11,102 | 12.47 |
Retail investors led the surge with cut-off price bids exceeding 6.17 crore shares, showcasing strong participation. Non-Institutional Investors were even more aggressive, subscribing over 26.76 times, while QIBs showed modest interest with a 1.03x subscription.
Demand Highlights
NSE data reflects high bid volumes at every price point within the ₹95–₹105 band, with maximum interest recorded at ₹95 per share. The cut-off bids indicate growing retail confidence in the company’s prospects.
Key Details
- Issue Closes: May 29, 2025
- Price Band: ₹95 to ₹105
- Expected Listing Date: June 3, 2025
- Lead Manager: Choice Capital Advisors
- Registrar: KFin Technologies
Investors are advised to complete their UPI mandate authorisations by 5:00 PM on May 29 to ensure valid applications. With one day remaining, final numbers are expected to reflect continued strong demand.
Stay tuned for allotment trends and final subscription figures post-closing.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://www.nseindia.com/market-data/issue-information?symbol=PROSTARM&series=EQ&type=Active
