Mumbai, May 30 -- The initial public offer of Prostarm Info Systems received bids for 1,08,86,41,296 shares as against 1,12,00,000 shares on offer. The issue was subscribed 97.20 times.

The Non-Institutional Investors (NIIs) category was subscribed 222.14 times. The Qualified Institutional Buyers (QIBs) category was subscribed 104.49 times. The Retail Individual Investors (RIIs) category was subscribed 39.49 times.

The issue opened for bidding on 27 May 2025 and it closed on 29 May 2025. The price band of the IPO is fixed between Rs 95 and 105 per share.

The Initial Public Offer comprised a fresh issue of up to 1,60,00,000 equity shares of Rs 10 each.

Of the net proceeds from the fresh issue of equity shares, about Rs 72.50 crore will...