Promax Power Limited IPO
BSE SME₹100,000 / 10000 Shares
Promax Power Limited IPO Details
The Promax Power Limited IPO price band is set between ₹10 per equity share, with a face value of ₹10 per share. The issue is managed by Cameo Corporate Services Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 30 Oct, 2021 and closes on 4 Oct, 2021. Investors can check the allotment status on 7 Oct, 2021, while the listing date is tentatively scheduled for 12 Oct, 2021.
The total issue size is ,600,000 Eq Shares of ₹10 , aggregating up to ₹1.60 Cr. Stay tuned for the latest Promax Power Limited IPO review and GMP updates.
Promax Power Limited IPO Review, Rating & Analysis
Promax Power Limited IPO Review
NO REVIEWPromax Power Limited IPO Rating
Promax Power Limited IPO Highlights
IPO Date
Oct 30, 2021 - Oct 4, 2021
Listing Date
12 Oct, 2021
Face Value
₹10 Per Equity Share
Price Band
₹10 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Promax Power Limited IPO Lot Size
The minimum market lot for Promax Power Limited IPO is 10000 shares with an application amount of ₹1,00,000. Retail investors can apply for up to 2 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹1,00,000 |
| Retail (Max) | 2 | 20000 | ₹2,00,000 |
| S-HNI (Min) | 3 | 30000 | ₹3,00,000 |
| S-HNI (Max) | 10 | 100000 | ₹10,00,000 |
| B-HNI (Min) | 11 | 110000 | ₹11,00,000 |
Promax Power Limited IPO Timeline
Issue Price
₹10 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services LimitedLead Manager
Finshore Management Services LimitedIssue Size
,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr)Promax Power Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 2.04 | 3.68 | 0.01 | - | - | - |
| 31 Mar 20 | 2.06 | 0.77 | 0.03 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Vishal Bhardwaj
- Mrs. Shweta Bhardwaj
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | 73.33% |
About Company
Promax Power Limited is engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects.
The company’s business segments can be divided into - Transmission Lines, Power Transmission & Distribution, Substation, Solar Projects EPC, Sewerage Treatment Plant, and Water Treatment Plant.
Promax Power Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 7,60,000 | 7,60,000 | 15,20,000 |
Day 1 -30-09-21 06:00 PM | 1.46 x | 1.29 x | 1.38 x |
Day 2 -01-10-21 06:00 PM | 1.58 x | 3.59 x | 2.59 x |
Day 3 -04-10-21 06:00 PM | 2.39 x | 11.38 x | 6.89 x |
Frequently Asked Questions about Promax Power Limited IPO IPO
When will Promax Power Limited IPO open for subscription?
The Promax Power Limited IPO opens on 30 Oct, 2021 and closes on 4 Oct, 2021.
What is the investors portion for Promax Power Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 760000.
How to apply for Promax Power Limited IPO?
You can apply for Promax Power Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Promax Power Limited IPO?
The issue size of Promax Power Limited IPO is approx ₹,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr) crores.
What is the price band of Promax Power Limited IPO?
The price band for Promax Power Limited IPO is ₹10 per equity share to ₹undefined.
What is the lot size of Promax Power Limited IPO?
The minimum bid (lot size) for Promax Power Limited IPO is N/A shares with an investment of approx ₹100,000 .
What is the allotment date of Promax Power Limited IPO?
The allotment date for Promax Power Limited IPO is 7 Oct, 2021.
What is the listing date of Promax Power Limited IPO?
The listing date for Promax Power Limited IPO is expected to be 12 Oct, 2021.
What is the GMP of Promax Power Limited IPO?
The latest Grey Market Premium (GMP) for Promax Power Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.