Prostarm Info Systems IPO subscribed over 81 times so far on day 3; here's how to check allotment status online

Prostarm Info Systems IPO: The initial public offer of Prostarm Info Systems, which provides integrated power solutions, has been booked over 81 times so far on Thursday, May 29, the final day of bidding.

The initial share sale has received 81.09 times subscription until 3:12 pm, as it got bids for 90,81,64,266 shares compared to 1,12,00,000 shares issued by the company.

Qualified institutional buyers (QIBs) subscribed to their portion 80.88 times, while non-institutional investors booked their quota 191.91 times. The category for retail investors was subscribed 33.71 times.

The ₹168 crore public offer is a fresh issuance of 1.6 crore shares, with a price band of ₹95-₹105 per share. The money raised will be used to fund capital requirements, debt clearance, acquisitions and general corporate purposes.

A lot consists of 142 shares, needing at least an investment of ₹13,490.

The company's IPO allotment status is expected to be finalised on Friday, May 30.

Steps to check Prostarm Info Systems IPO allotment status on NSE

• Visit this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• From the list of IPO names, pick 'Prostarm Info Systems Limited'
• Enter your application number and PAN
• Click on the 'Submit' button

How check Prostarm Info Systems IPO allotment status on BSE

• Head to BSE's bid finalisation page at https://www.bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• Select 'Prostarm Info Systems' from IPO names
• Identify yourself using PAN or IPO application number
• Click on submit

Prostarm Info Systems IPO allotment status on KFin Technologies: Step-by-step guide

• Go to KFin Technologies' IPO page: https://ris.kfintech.com/ipostatus/
• From five links available, choose any one
• From the list of issues, select 'Prostarm Info Systems'
• Enter any one of these: Demat account numberm PAN, or application number
• Click on 'Submit'

Prostarm Info Systems IPO listing date

Prostarm Info Systems shares are expected to be listed on the NSE and the BSE on June 3.

Prostarm Info Systems is an integrated power solution provider, engaged in the designing, manufacturing and assembly of energy storage and power conditioning equipment in India.