Prostarm Info Systems IPO allotment finalised: How to check status online on KFin Technologies, BSE, NSE

Prostarm Info Systems IPO allotment status was finalised on Friday, May 30, following a robust response during the three-day subscription period. Investors who applied for the public offer can visit the websites of the NSE, the BSE and registrar KFin Technologies to check bid finalisation details.

The initial share sale was subscribed 97.20 times, receiving bids for 108,86,41,296 equity shares compared to 1,12,00,000 shares on offer, as per the consolidated data on the NSE website.

The demand was led by non-institutional investors who subscribed their portion a whopping 222.14 times. The qualified institutional buyers (QIBs) category attracted 104.49 times subscription, while the retail portion was booked 39.49 times.

The ₹168 crore issue was a fresh issuance of 1.6 crore shares without an offer for sale (OFS) component. The price band was set at ₹95 to ₹105 per share.

The company intends to use ₹72.50 crore of the money raised for funding capital requirements, ₹17.95 crore to clear debt, and the remaining proceeds will be used for inorganic growth and corporate general purposes.

How to check Prostarm Info Systems IPO allotment status on KFin Technologies

• Go to KFin Technologies' allotment status portal: https://ris.kfintech.com/ipostatus/
• From five links on the screen, select any one
• From the list of IPO names, pick 'Prostarm Info Systems'
• Enter either your application no, PAN, or Demat account no
• Click on the 'Submit' button

Steps to check Prostarm Info Systems IPO allotment status on NSE

• Visit NSE's bid finalisation page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• From 'Equity & SME IPO bid details' and 'Debt IPO bid details', choose 'Equity & SME IPO bid details'
• From the list of IPO symbols, pick 'PROSTARM'
• Enter the application number and PAN card details
• Submit details to view the status

How to check Prostarm Info Systems IPO allotment status on BSE

• Head of BSE's bid finalisation page: https://www.bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• From the 'Issue Name' dropdown menu, select 'Prostarm Info Systems Limited'
• Complete identification using IPO application number or PAN
• Click on search

Prostarm Info Systems IPO listing date and time

Shares of Prostarm Info Systems will be listed on the BSE and the NSE on Tuesday, June 3, at 10 am.

Prostarm Info Systems financial snapshot

Prostarm Info Systems is engaged in the designing, manufacturing and sale of energy storage equipment and power conditioning equipment such as UPS systems, inverters, lithium-ion battery packs, and servo-controlled voltage stabilisers.