HomeIPO SMEPromax Power IPO Details

Promax Power IPO Details

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Promax Power IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

Subscription Status

Allotment Status

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.

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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

DateDetails
August 21, 2017The company was originally incorporated as “Promax Power Private Limited”
April 20, 2021The 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)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,04,296.54 2,06,637.84 106.30
Total income 3,68,890.89 77,632.97 NA
Profit After Tax 1,783.89 3,114.72 (0.11)

Promax Power IPO Price – Details

DetailsPromax IPO Details
Public IssueInitial Public Offer of up to 16,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 1.6 crores)
Issue Open  Date30-Sep-21
Issue Close Date04-Oct-21
Issue TypeFixed 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 InvestorRs. 2,00,000
Listing BSE SME
NSE SymbolPROMAX
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Promax Power IPO DRHP & RHP

Promax Power IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum110000₹ 1,00,000
Maximum220000₹ 2,00,000

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

DetailsDate
Bid / Offer Opens on30-Sep-21
Bid / Offer Closes on04-Oct-21
Finalisation of Basis of Allotment07-Oct-21
Initiation of refunds 08-Oct-21
Credit of the Equity Shares11-Oct-21
Commencement of trading – Listing12-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.

Company Promoters

  • Mr. Vishal Bhardwaj
  • Mrs. Shweta Bhardwaj

Company Corporate Office

Plot No. F-303, Phase 8-B
Industrial Area, SAS Nagar,
Mohali – 160055,
Punjab, India.
Website: www.promax.co.in

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

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