Prostarm Info Systems IPO

Prostarm Info Systems Limited, established in January 2008, is an Indian company that specializes in the design, manufacturing, and sale of Energy Storage and Power Conditioning Equipment, commonly referred to as “Power Solution Products.” Their product range includes UPS systems, inverters, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilizers. The company offers both customized and standard solutions, produced either in-house or through contract manufacturing, and also sells third-party batteries. Additionally, Prostarm undertakes rooftop solar power plant projects on an EPC basis and provides services such as installation, rentals, after-sales support, including warranties and Annual Maintenance Contracts (AMCs).

Serving a broad range of industries—from healthcare and IT to defense and renewable energy—the company’s client base includes several government and public sector entities such as the Airports Authority of India, Railtel Corporation, and NTPC Vidyut Vyapar Nigam. Prostarm also provides end-of-life disposal and reverse logistics for UPS systems and batteries. As of May 17, 2025, the company operates through 21 branch offices and two storage facilities across 18 Indian states and one union territory. It employed 423 permanent staff and 19 contract workers as of March 31, 2025, demonstrating a well-established operational footprint and workforce.

Prostarm Info Systems IPO Strengths

• The company designs, manufactures, and supplies a wide range of energy storage and power conditioning equipment, including UPS systems, inverters, solar hybrid inverters, lithium-ion battery packs, voltage stabilizers, and transformers, catering to varied power solution needs.
• The company operates 22 branch offices and 2 storage facilities across 17 states and 1 union territory, enabling efficient service delivery and after-sales support throughout India.
• Prostarm is an empanelled vendor for several government and PSU bodies, including the Airports Authority of India, Railtel, and NTPC Vidyut Vyapar Nigam, providing stability and credibility to its business.
• The company offers both off-the-shelf and tailored products, allowing it to serve a broad spectrum of clients across sectors such as banking, healthcare, education, research, defense, and security.
• Prostarm has successfully executed rooftop solar photovoltaic power plant projects totaling 7.35 MW at over 100 sites in the last three years, showcasing its EPC capabilities and commitment to renewable energy.
• Led by promoters with deep industry experience, the company benefits from strong leadership and sector expertise.

Prostarm Info Systems IPO Risks

• A substantial part of revenue comes from government and PSU clients. Any change in public sector procurement policies or delays in payments could impact business stability.
• Having been founded in 2008 and only now going public, the company lacks a long-term track record in the listed space, making it harder to assess its resilience.
• The business relies on key components like batteries and electronic parts. Fluctuations in raw material prices or supply chain disruptions could adversely affect margins.
• Despite a nationwide presence, the company’s core operations and management are concentrated in Maharashtra, exposing it to regional risks.
• Some offerings depend on third-party batteries, solar panels, and logistics partners. Any disruption in these relationships could affect service delivery and reputation.
• Rapid changes in power electronics technology or new regulatory requirements could require significant investment and adaptation, posing operational and financial risks.