Prostarm Info Systems IPO listed at 19% premium to IPO price

Prostarm Info Systems IPO Listing: About ₹72.5 crore of the issue proceeds will be used for its working capital requirements, and ₹18 crore for repaying debt. Further, ₹9 crore will be used for acquisition of further stake of subsidiary to make it a wholly owned subsidiary, and the remaining funds for inorganic growth, and general corporate purposes.

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