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As on : 13-Jun-2025

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13-Jun-2025 10:56

Prostarm Info Systems gains on bagging Rs 1.60-cr order from India1 Payments

According to the exchange filing, the work order includes the supply and installation of UPS systems and servo stabilizers.

In a regulatory filing, the company confirmed that the total value of the contract stands at Rs 1,60,89,075 and the execution is scheduled to be completed during July to September 2025.

Prostarm also clarified that the transaction does not involve any related parties, and neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.

Additionally, the company reported that it has fully repaid borrowings amounting to Rs 1,782.62 lakh from Bajaj Finance and ICICI Bank, using proceeds from its Initial Public Offering (IPO).

Prostram Info Systems, founded in 2008, is a power solutions provider specializing in UPS systems, inverters, lithium-ion battery packs, and solar EPC projects. The company designs, manufactures, and assembles products in-house and via partners in India and China. It serves sectors like healthcare, IT, defense, and energy through direct sales and a nationwide distributor network. The company operates three units in Maharashtra and has strengthened its tech capabilities through strategic acquisitions and licensing agreements.

On a full-year basis, the company's consolidated net profit jumped 16.6% to Rs 23.31 crore on an 11.9% increase in revenue to Rs 257.87 crore in FY25 over FY24.

Prostram Info Systems made a debut on the stock exchanges on 03 june 2025, with its shares listing at Rs 125, a 19.05% premium to the issue price of Rs 105. The company's initial public offering (IPO), which closed on 29 May 2025, was subscribed 97.20 times. The IPO was priced within a band of Rs 95 and 105 per share.

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