The allotment of shares for Prostarm Info Systems' Rs 168 crore IPO is likely to be finalised on Friday, May 30, after receiving an overwhelming response during the three-day bidding window that closed on May 29. 

The IPO, which opened on May 27, saw massive investor interest, especially on the final day, with an overall subscription of 97.20 times. Investors applied for 108.86 crore shares against the offer size of 1.12 crore shares. The non-institutional investor (NII) category led the charge with a subscription of 222.13 times, followed by retail individual investors at 39.49 times, and qualified institutional buyers (QIBs) at 104.49 times. 

The price band was set at Rs 95–Rs 105 per share. For retail investors, the minimum lot size was 142 shares, translating to an investment of Rs 13,490, though most were advised to apply at the cut-off price, taking the amount to around Rs 14,910. For small NIIs, the minimum application was 1,988 shares (14 lots) at Rs 2,08,740, while big NIIs had to apply for at least 9,656 shares (68 lots), amounting to Rs 10,13,880.

Shares are expected to be credited to successful bidders’ demat accounts by Monday, June 2. Listing is likely to take place on the BSE and NSE on Tuesday, June 3, 2025.

Via NSE

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