Promax Power Limited IPO

BSE SME

Listed On: Oct 12, 2021 at ₹ 11.00

₹ 100000 /10000 Shares

Check Allotment

IPO Details

30 Oct, 2021

Open Date

04 Oct, 2021

Close Date

07 Oct, 2021

Allotment Date

12 Oct, 2021

Listing Date

Issue Price

₹10 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Cameo Corporate Services Limited

List Price

11.00

Listing Date

2021-10-12

Market Lot

10000 Shares (₹100,000/-)

Lead Manager

Finshore Management Services Limited

Issue Size

,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr)

Retail Portion

N/A

Subscription

6.89 times

IPO Docs

DRHP RHP

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

Valuations

Earnings Per Share (EPS)

₹0.30/-

P/E Ratio

33.63

RoNW

3.65%

Net Asset Value (NAV) - Post Issue

₹10.82/-

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20
Assets	2.04	2.06
Revenue	3.68	0.77
Profit After Tax	0.01	0.03

About The 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)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 73.33%

Company Promoter(s)

Mr. Vishal Bhardwaj
Mrs. Shweta Bhardwaj

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. The size of Promax Power Limited IPO is ,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr).

Ans. The IPO price band is set between ₹10 per equity share.

Ans. To apply for Promax Power Limited IPO 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 allotment status for Promax Power Limited IPO here.