Shares of Prostarm Information Methods Ltd traded at ₹123 degree in mid-trading session after itemizing at an honest 19 per cent premium in opposition to the problem worth of ₹105 on the BSE.
The inventory debuted at 14.28 per cent premium on the NSE at ₹120 and at 19 per cent premium on the BSE at ₹125. It traded 1.28 per cent decrease on the BSE at ₹123.40 as at 11.54 am, hitting an intraday excessive of ₹130. On the NSE, the inventory rose 2.79 per cent to ₹123.35 as at 11.55 am, hitting an intraday excessive of ₹126.
The ₹168-crore preliminary share sale of the corporate was booked 97.20 occasions on the closing day of bidding with sturdy participation from institutional buyers.
The IPO had a worth band of ₹95-105 per share.
The corporate meant to utilise ₹72.50 crore of the IPO proceeds in direction of funding capital necessities of the corporate, ₹17.95 crore for cost of debt, and the remaining capital for inorganic development by way of unidentified acquisitions and different strategic initiatives, in addition to for normal company functions.
Printed on June 3, 2025
