Promax Power IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Promax Power
- Important Details – Promax Power
- Objects of the Issue
- Promax Power Limited Financials:
- Promax Power IPO Price – Details
- Promax Power IPO DRHP & RHP
- Promax Power IPO Lot Size
- Promax Power IPO Lead Managers
- Promax Power Registrar
- Promax Power IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Promoters
- Company Corporate Office
- Company Registered Office
- Promax Power IPO – FAQS
About Promax Power
Promax Power Limited provides high-quality professional solutions, design, and engineering services to our customers. Promax provides technical expertise in the most efficient and cost-effective way, helping to ensure the highest degree of reliability and availability of the project. Having achieved a certain degree of expertise after successfully executing various projects, the company has an extremely experienced and diverse set of professionally trained and qualified engineers having versed ability in tackling and providing solutions to the customers and capability to handle all requirements and installations even at the highest scale and magnitude.
The core competencies of the team comprise of the following:
- Experience of execution of Transmission line and Substation up to 220KV voltage level.
- Working experience in hilly regions of North-East India, Chhattisgarh, Odisha and J&K etc.
- In-house design set-up.
- In-depth knowledge of Safety and Environment.
- Highly qualified and skilled civil team.
- Working experience in harsh climate condition including coastal areas.
- Excellent quality team members, having strong hold on ISO and other Standards.
Important Details – Promax Power
|August 21, 2017||The company was originally incorporated as “Promax Power Private Limited”|
|April 20, 2021||The company was converted into Public Limited Company, consequent upon conversion from Private Limited to Public Company, the company name change to “Promax Power Limited”.|
Objects of the Issue
- To meet the working capital requirements of the company
- To meet the Issue Expenses
- General Corporate Purposes
Promax Power Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
|Particulars||For the year ended (₹ in Thousands)|
|Profit After Tax||1,783.89||3,114.72||(0.11)|
Promax Power IPO Price – Details
|Details||Promax IPO Details|
|Public Issue||Initial Public Offer of up to 16,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 1.6 crores)|
|Issue Open Date||30-Sep-21|
|Issue Close Date||04-Oct-21|
|Issue Type||Fixed Price|
|IPO Price Band||₹ 10|
|Face Value||₹ 10|
|Market Lot||10000 Equity Shares and in multiples thereof|
|Minimum Order Quantity||10000 Equity Shares|
|Maximum Subscription Amount for Retail Investor||Rs. 2,00,000|
|IPO Market Timings||10.00 a.m. to 5.00 p.m.|
Promax Power IPO Lot Size
|Application||Lots||No of Shares||Amount (Rs)|
Promax Power IPO Lead Managers
- Finshore Management Services Ltd
Promax Power Registrar
- Cameo Corporate Services Ltd
Promax Power IPO Allotment Date, Listing Date and other Important Dates
|Bid / Offer Opens on||30-Sep-21|
|Bid / Offer Closes on||04-Oct-21|
|Finalisation of Basis of Allotment||07-Oct-21|
|Initiation of refunds||08-Oct-21|
|Credit of the Equity Shares||11-Oct-21|
|Commencement of trading – Listing||12-Oct-21|
Company Peers – Comparison of Accounting Ratios
- Promax Power believe that none of the listed companies in India offer products or services across the various business segments in which the company operate. Hence a strict comparison is not possible.
- Mr. Vishal Bhardwaj
- Mrs. Shweta Bhardwaj
Company Corporate Office
Plot No. F-303, Phase 8-B
Industrial Area, SAS Nagar,
Mohali – 160055,
Company Registered Office
House No: 1575, Ground Floor,
Sector – 38B, Chandigarh – 160038,
Union Territory, India.
Promax Power IPO – FAQS
What is the Promax Power IPO Price?
The Promax Power IPO price band is 10 per share
When Promax Power IPO will open?
The Promax Power IPO opens on Sep 30, 2021 and closes on Oct 04, 2021
What is the lot size of Promax Power IPO?
The Promax Power IPO lot size is 10000 Equity Shares and the minimum order quantity is 10000 Equity Shares
Who is the Registrar for Promax Power IPO?
The Registrar for Promax Power IPO is Cameo Corporate Services Ltd
How to apply in Promax Power IPO through UPI?
Check the step by step process here – Click here
Follow us on Telegram for all the latest updates