Company raises ₹50.4 crore from Anchor investors
- Prominent anchor investors,including Chattisgarh Investment Limited, Astrone Capital VCC ARVEN, Santosh Industries Limited, Steptrade Revolution Fund, Vikasa India EIF I Fund – Share Class P, Abundantia Capital VCC – Abundantia Capital III, Swyom India Alpha Fund and Meru Investment Fund PCC – Cell 1 participated in the anchor book subscription
- Company raises ₹50.4 crore from the sale of 48 Lakh equity shares with a face value of ₹10/- priced at ₹105/- per share
- Prostarm intends to raise ₹160 crore from the IPO and plans to utilise ₹72.50 crore of the total proceeds towards funding capital requirements of the company, ₹17.95 crore for repayment/prepayment of all or a portion of certain outstanding borrowings availed by the company and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives and for general corporate purposes
- Issue opens today, May 27, 2025, and closes on Thursday, May 29, 2025
May 28, 2025: Prostarm Info Systems Limited, a Thane-headquartered pan-Indian power solution products company,has successfully completed its Anchor book subscription, raising ₹50.4crore throughthe sale of 48 Lakhequity shares priced at ₹105/-each.
A group of marquee investors, including Chattisgarh Investment Limited, Astrone Capital VCC ARVEN, Santosh Industries Limited, Steptrade Revolution Fund, Vikasa India EIF I Fund – Share Class P, Abundantia Capital VCC – Abundantia Capital III, Swyom India Alpha Fund and Meru Investment Fund PCC – Cell 1 subscribed to the anchor book.
| S No | Name of the Anchor Investor | No. of Equity Shares allocated (at ₹105/- each) | No. of Equity Shares allocated as a % of Anchor Investor portion |
| 01 | Chattisgarh Investment Limited | 9,52,394 | 19.84 |
| 02 | Astrone Capital VCC ARVEN | 9,52,394 | 19.84 |
| 03 | Santosh Industries Limited | 5,13,872 | 10.71 |
| 04 | Steptrade Revolution Fund | 4,76,268 | 9.92 |
| 05 | Vikasa India EIF I Fund – Share Class P | 4,76,268 | 9.92 |
| 06 | Abundantia Capital VCC – Abundantia Capital III | 4,76,268 | 9.92 |
| 07 | Swyom India Alpha Fund | 4,76,268 | 9.92 |
| 08 | Meru Investment Fund PCC – Cell 1 | 4,76,268 | 9.92 |
| Total | 48,00,000 | 100.00% |
While Chattisgarh Investment Limited and Astrone Capital VCC ARVEN subscribed 19.84% each of the anchor book, Santosh Industries Limitedsubscribed 10.71%, Steptrade Revolution Fund, Vikasa India EIF I Fund – Share Class P, Abundantia Capital VCC – Abundantia Capital III, Swyom India Alpha Fund and Meru Investment Fund PCC – Cell 1 subscribed 9.92% each of the anchor book portion.
