New Delhi, June 2 -- The IPO of Prostarm Info Systems, which concluded recently, is set to debut on the Indian stock exchanges on Tuesday, June 03. The issue received a healthy response from all categories of investors during its bidding period between May 27 and May 29, resulting in an overall subscription of 96.68 times.

Given the strong demand, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are commanding a healthy GMP of Rs.22 ahead of listing.

Based on the IPO's upper price band of Rs.105 and the current GMP, the estimated listing price of Prostarm Info Systems stands at Rs.127 per share, 21% above the issue price. The g...