Prostarm Info Systems IPO allotments likely to be released today: Here's how you can check your allotment status

Prostarm Info Systems IPO allotments likely to be released today: Here's how you can check your allotment status

The allotments for Prostarm Info Systems IPO is likely to be declared today, May 30 on the official registrar of the issue. The Rs 168-crore maiden share sale of the Maharashtra-based power solution products-maker was subscribed over 97 times its offer size between May 27 and May 29.

Prostarm Info Systems IPO received bids for nearly 109 crore shares, as against the offer size of 1.12 crore shares, according to NSE data. Non Institutional Investors (NII) lead in the subscription rally, by booking their reserved portion by a whopping 222 times. Qualified Institutional Buyers (QIBs) followed, subscribing the portion kept for them over 104 times. Retail investors meanwhile subscribed their reserved portion around 39.5 times.

The investors who subscribed to the Prostarm Info Systems IPO can check their allotment status on the official website of the registrar, KFin Technologies Limited, using their application number or PAN details. The status can also be accessed on the BSE and NSE websites.

How to check Prostarm Info Systems IPO allotment status on KFin Tech?

Step 1: Open the direct link to the registrar on this URL (https://evault.kfintech.com/ipostatus/).

Step 2: Select 'Prostarm Info Systems' from the 'Select IPO' dropdown list.

Step 3: Fill in details like PAN, Application number or DP client ID.

Step 4: Press the Submit button.

How to check Prostarm Info Systems IPO allotment status on NSE?

Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).

Step 2: Select the company 'Prostarm Info Systems' under the 'Equity & SME IPO bid details' category.

Step 3: Fill in details in details like IPO Application number and PAN details after selecting company symbol.

Step 4: Click on the 'Submit' button.

How to check Prostarm Info Systems IPO allotment status on BSE?

Step 1: Open the website of Bombay Stock Exchange (BSE).

Step 2: Click on 'Investors' option.

Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.

Step 4: Click on 'Application Status Check'.

Step 5: Select Equity in the issue type.

Step 6: Fill in the required details including the 'Issue Name'.

Step 7: Enter PAN number and click on Search to view the status.

Ahead of their listing, the unlisted shares of the company were trading at Rs 125 apiece in the grey market, according to data on Investorgain as seen at 5.15 pm on May 29. This implies a grey market premium (GMP) of over 19 percent (Rs 20) over the IPO price of Rs 105 apiece.

According to IPO Watch, the unlisted shares of the company were trading with a grey market premium of Rs 20 over the IPO price at Rs 125 apiece.

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"The Prostarm Info Systems IPO witnessed an overwhelming response from all investor categories ... Supported by a Grey Market Premium (GMP) in the range of 16–17%, the offering has generated strong listing expectations in the market," said Gaurav Garg from Lemonn Markets Desk.