Prostarm Info Systems launched its IPO aiming to raise Rs 168 crore, with a price band of Rs 95-105 per share. The IPO, open until May 29, seeks funds for working capital, debt repayment, and expansion. Bajaj Broking suggests subscribing for the long term, citing consistent growth and a strong balance sheet, despite the IPO being fully priced.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets