Power systems focused Prostarm‘s Rs.168-Cr IPO oversubscribed

The INR 168 crore initial public offering (IPO) of Pune-based Prostarm Info Systems garnered subscription of 97 times. The qualified institutional buyers (QIBs) portion of the IPO was subscribed 104x, high networth individual 222x and retail nearly 40x.The company is an integrated power solution provider, especially in UPS system lithium-ion battery packs and third-party power solution products, among others. It caters to a range of industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, information technology, and oil & gas.