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Prostarm Info Systems IPO Fully Subscribed on Day 1; Check Latest GMP

OutlookIndia · 25d

Prostarm Info Systems' IPO was fully subscribed on its first day, attracting bids for 2,45,12,040 shares against 1,12,00,000 available, raising Rs 168 crore through a fresh issuance of 1.6 crore shares. The price band is set at Rs 95-105 per share, with the listing date expected on June 3, 2025. With a grey market premium of Rs 25, Bajaj Broking recommends subscribing for the long term. The company's bottom-line growth is notable but depends on a few key customers.