Promax Power Limited IPO
BSE SMEListed On: Oct 12, 2021 at ₹ 11.00
₹ 200000 /20000 Shares
*Min Investment
30 Oct, 2021
Open Date04 Oct, 2021
Close Date07 Oct, 2021
Allotment Date12 Oct, 2021
Listing DateIPO Issue Details
- Issue Price ₹10 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price ,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr)
- Listing at BSE SME
- List Price 11.00
- Listing Date 2021-10-12
- Lead Manager Finshore Management Services Limited
- Registrar Cameo Corporate Services Limited
IPO Details
- Retail Portion N/A
IPO Details
Promax Power Limited IPO is an SME IPO, priced at ₹10 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.
The IPO bidding window is open from Oct 30, 2021 to Oct 4, 2021. The allotment is expected to be finalized on Oct 7, 2021, and the tentative listing date is Oct 12, 2021.
The registrar of the IPO is Cameo Corporate Services Limited, and
IPO Subscription Analysis And 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 |
Valuations
Company Financials
| 31-Mar-21 | 31-Mar-20 | |
|---|---|---|
| Assets | 2.04 | 2.06 |
| Revenue | 3.68 | 0.77 |
| Profit After Tax | 0.01 | 0.03 |
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.
- Promoter(s)
Mr. Vishal Bhardwaj
Mrs. Shweta Bhardwaj
Pre Issue Share Holding : 99.99%
Post Issue Share Holding : 73.33%
IPO - Issue Objectives
Meet working capital requirements.
Meet issue expenses.
General corporate purposes.
IPO - FAQs
Ans. Promax Power Limited IPO is a SME IPO. The issue is priced at ₹10 per equity share. The minimum order quantity is 10000 Shares. The IPO opens on Oct 30, 2021, and closes on Oct 4, 2021. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Promax Power Limited IPO opens on Oct 30, 2021 and closes on Oct 4, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Promax Power Limited IPO is ,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr).
Ans. The Promax Power Limited IPO price band is set between ₹10 per equity share.
Ans. To apply for Promax Power Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Promax Power Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Promax Power Limited IPO is Oct 7, 2021.
Ans. The Promax Power Limited IPO will be listed on Oct 12, 2021.
Ans. Follow the steps to check the Promax Power Limited IPO allotment status online.
