Initial public offering of up to 1,60,00,000* equity shares of face value of Rs. 10/- each ("Equity Shares") of Prostarm Info Systems Limited ("the Company" or the "Issuer") for cash at a price of Rs. 105/- per equity share (Including a Securities Premium of Rs. 95/- per Equity Share) ("Issue Price") Aggregating up to Rs. 168.00 crores ("the Issue"). The issue will constitute 27.18% of the post-issue paid-up equity share capital.<br />
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The face value of the equity shares is Rs. 10/- each and the issue price is 10.5 times the face value of the equity shares.<br />
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* Subject to finalization of basis of allotment. <br />
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Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-May-2025
29-May-2025
₹ 105.00
₹ 0.00
Minimum Application for shares in Nos : 142.0
Further Multiples of : 142.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
144.94
Choice Capital Advisors Pvt Ltd
Project Financed through Current Offer
168.00
Post Issue Equity Share Capital
58.87
Issue Price
₹105.00
Projects
Funding working capital requirements of the company
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Acquisition of further stake of its subsidiary to make it a wholly owned subsidiary