Prostarm Info Systems IPO: Allotment Date, Status, Important Dates & FAQs Info Systems Limited recently concluded its much-awaited initial public offering (IPO), attracting significant interest from retail and institutional investors. With the IPO now closed, applicants are keenly waiting to know whether they’ve secured an allotment.
Prostarm Info Systems IPO completed its subscription phase on May 29, 2025 after receiving an overwhelming response from investors. The ₹168 crore offering was subscribed over 48 times, indicating strong investor interest.
Below is a comprehensive overview of all the important dates, allotment procedures, and common questions related to the IPO.
Prostarm Info Systems IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | May 27, 2025 |
| IPO Closing Date | May 29, 2025 |
| Basis of Allotment Finalization | May 30, 2025 (Expected) |
| Initiation of Refunds | May 30, 2025 |
| Credit of Shares to Demat | June 2, 2025 |
| Listing on Stock Exchanges | June 3, 2025 |
Prostarm Info Systems IPO Details Overview
- Issue Size: ₹168 Crores (Fully fresh issue)
- Price Band: ₹95 to ₹105 per share
- Lot Size: 142 shares
- Minimum Investment: ₹14,910
- Registrar: KFin Technologies Limited
- Proposed Listing: BSE and NSE
Prostarm Info Systems IPO Subscription Data
The IPO witnessed an impressive subscription across categories:
- Retail Investors: 35.70 times
- Non-Institutional Investors (NIIs): 215.58 times
- Qualified Institutional Buyers (QIBs): 101.87 times
Such high subscription numbers often indicate potential listing gains.
How to Check Prostarm Info Systems IPO Allotment Status
Once the allotment is finalized, investors can check their allotment status through the following methods:
1. Through KFin Technologies (Registrar)
- Visit: https://ris.kfintech.com/ipostatus
- Select “Prostarm Info Systems IPO” from the dropdown
- Enter PAN, Application Number, or Demat details
- Click ‘Submit’ to view status
2. Through BSE India Website
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Choose “Equity” and select the issue name
- Provide Application Number and PAN
- Click on “Search” to get the result
If shares are allotted, they will reflect in your Demat account by June 2, 2025. If not, the refund will be processed to your bank account on May 30, 2025.
Grey Market Premium (GMP) Update
As of the final IPO day, Prostarm Info Systems was trading in the grey market at a premium of approximately ₹24 over the issue price. This suggests an expected listing price of ₹129 or higher, pointing to a strong potential listing gain for investors.
Frequently Asked Questions (FAQs)
Q1: When will the allotment be finalized?
The allotment is expected to be finalized on May 30, 2025.
Q2: Where can I check if I have received the allotment?
You can check your status on the websites of KFin Technologies or BSE using your PAN, application number, or DP ID.
Q3: When will I get my refund if shares are not allotted?
Refunds will be initiated on May 30, 2025, to the bank account linked with your IPO application.
Q4: When will the shares be credited to my Demat account?
If allotted, shares should be credited by June 2, 2025.
Q5: When is the listing date of Prostarm Info Systems shares?
The shares are scheduled to be listed on BSE and NSE on June 3, 2025.
Conclusion
The Prostarm Info Systems IPO has captured strong attention in the market, with oversubscription indicating high investor confidence. With key dates approaching, applicants should stay alert and check the allotment status through official sources.
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