Mumbai, May 29 -- The initial public offer of Prostarm Info Systems received bids for 1,08,85,73,136 shares as against 1,12,00,000 shares on offer, according to stock exchange data at 17:30 IST on Thursday (29 May 2025). The issue was subscribed 97.19 times.

The issue opened for bidding on 27 May 2025 and it will close on 29 May 2025. The price band of the IPO is fixed between Rs 95 and 105 per share. An investor can bid for a minimum of 142 equity shares and in multiples thereof.

The Initial Public Offer comprises 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 be used to meet working capital requirements, Rs 17.96 crore for repayment/...