Prostarm Info Systems Shares Make Strong Market Debut

Prostarm Info Systems, a power solutions company, began trading its shares publicly after its IPO.

The shares started trading at a higher price than the initial offering price of Rs 105.

On BSE, the shares listed at ₹125, a 19% increase, and on NSE at ₹120, up 14.28%.

The IPO was open from May 27-29 and was oversubscribed.

The company will use the funds from the IPO to grow its business.

They design and sell power products like UPS systems and inverters.

Their revenue and profit grew in the last financial year.