News Stocks Prostarm Info Systems Submits Q3FY26 IPO Proceeds Monitoring Report to Stock ExchangesProstarm Info Systems Submits Q3FY26 IPO Proceeds Monitoring Report to Stock Exchanges
Prostarm Info Systems Limited submitted its Q3FY26 monitoring agency report showing utilization of ₹132.458 crores out of ₹144.941 crores net IPO proceeds. The company has fully utilized funds for working capital (₹72.500 crores), debt repayment (₹17.958 crores), and general corporate purposes (₹42.000 crores). The remaining ₹12.483 crores allocated for inorganic growth remains unutilized and is invested in fixed deposits. Acuite Ratings reported no deviations from stated objectives.
*this image is generated using AI for illustrative purposes only.
Prostarm Info Systems Limited has filed its monitoring agency report for the quarter ended December 31, 2025 (Q3FY26) with BSE and NSE, providing a comprehensive update on the utilization of its Initial Public Offering (IPO) proceeds. The report was prepared by Acuite Ratings & Research Limited, the appointed monitoring agency.
IPO Proceeds and Utilization Overview
The company's IPO, conducted from May 27, 2025, to May 29, 2025, raised gross proceeds of ₹168.000 crores. After deducting issue-related expenses of ₹23.059 crores, the net proceeds available for utilization stood at ₹144.941 crores.
| Financial Details | Amount (₹ Crores) |
|---|---|
| Gross Proceeds | 168.000 |
| Less: Issue Related Expenses | 23.059 |
| Net Proceeds | 144.941 |
Fund Utilization Status
As of the end of Q3FY26, Prostarm Info Systems has utilized ₹132.458 crores out of the total net proceeds, leaving ₹12.483 crores unutilized. The monitoring agency reported no deviations from the objects disclosed in the offer document.
| Object | Allocated Amount (₹ Crores) | Utilized Amount (₹ Crores) | Status |
|---|---|---|---|
| Working Capital Requirements | 72.500 | 72.500 | Fully Utilized |
| Debt Repayment | 17.958 | 17.958 | Fully Utilized |
| Inorganic Growth Initiatives | 12.483 | - | Not Utilized |
| General Corporate Purposes | 42.000 | 42.000 | Fully Utilized |
| Total | 144.941 | 132.458 | 91.39% Utilized |
Deployment of General Corporate Purposes
The ₹42.000 crores allocated for general corporate purposes has been fully utilized during the quarter. The company deployed these funds across two key areas:
- Working Capital Requirement: ₹28.808 crores
- Capacity Expansion: ₹13.192 crores
Management of Unutilized Funds
The remaining ₹12.483 crores, originally allocated for inorganic growth through unidentified acquisitions and strategic initiatives, has been deployed in fixed deposits with ICICI Bank. These investments are earning returns between 6.25% to 6.40% per annum.
| Fixed Deposit Details | Amount (₹ Crores) | Maturity Date | Interest Rate (%) |
|---|---|---|---|
| ICICI Bank FD - 280213015400 | 5.403 | 09-12-2026 | 6.25 |
| ICICI Bank FD - 280213015399 | 6.000 | 09-12-2026 | 6.25 |
| ICICI Bank FD - 280213015413 | 1.080 | 11-06-2027 | 6.40 |
| Total | 12.483 | - | - |
Monitoring Agency Assessment
Acuite Ratings & Research Limited confirmed that all utilizations are in accordance with the disclosures made in the offer document. The monitoring agency noted no material deviations, unfavorable events affecting project viability, or other information that could materially impact investor decision-making. The company has obtained all necessary approvals and maintains compliance with regulatory requirements.
Company Background
Prostarm Info Systems operates in the electrical equipment and capital goods sector. The company is promoted by Mr. Vikas Shyamsunder Agarwal, Mr. Ram Agarwal, and Mr. Sonu Ram Agarwal. The monitoring report was signed by Company Secretary and Compliance Officer Sachin Gupta and submitted to both stock exchanges on February 13, 2026.
