New Delhi, May 22 -- Prostarm Info Systems' initial public offering (IPO) is scheduled to kick off for subscription on Tuesday, May 27, and will remain open until Thursday, May 29.

The company aims to raise Rs.168 crore through the offering, which is a completely fresh issue of 1.60 crore shares. The IPO price band is set at Rs.95 to Rs.105 per share. Of the total offering, 50% is reserved for Qualified Institutional Buyers (QIBs), 35% for Non-Institutional Investors (NIIs), and 15% for Retail Investors.

Retail investors can apply for a minimum of 142 shares in one lot and in multiples thereafter. At the upper end of the IPO price band ( Rs.105), retail investors are required to make a minimum investment of Rs.14,910 per lot.

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