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Promax Power Ltd. IPO
BSE SME Fixed Price IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹10
Issue Price
₹10
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹10
GMP based
Lot Size
10,000
shares / lot
Min Amount
₹100,000
1 lot · 10,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
30 Sep 2021
Thu Completed
Done
Close Date
04 Oct 2021
Mon Completed
Done
Allotment
07 Oct 2021
Thu Completed
Done
Refund
08 Oct 2021
Fri Completed
Done
Demat Credit
11 Oct 2021
Mon Completed
Done
Listing Date
12 Oct 2021
Tue Completed
UPI Deadline: 04 Oct 2021
Issue Details
Pricing & Size
Issue Price
₹10 Face ₹10
Lot Size
10,000 shares
Min Investment
₹100,000
Total Issue Size
16,00,000 shares (aggregating up to ₹1.60 Cr)
IPO Information
Issue Type
Fixed Price IPO
Sale Type
Fresh Capital
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
80,000 (5.00%)
QIB Portion
-
NII / HNI
7,60,000 (47.50%)
Retail
7,60,000 (47.50%)
Employee
-
Net Offer to Public
15,20,000 shares (aggregating up to ₹1.52 Cr)
Shareholding Pattern
Pre-Issue Shareholding
44,00,000 shares
Post-Issue Shareholding
60,00,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 10,000 ₹1,00,000
HNI / NII 3 30,000 ₹3,00,000
Objects of Issue
3 objectives
1
1 To meet Working Capital Requirement
1.22 Cr
2
2 General Corporate Expenses
0.10 Cr
3
3 Public Issue Expenses
0.28 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Finshore Management Services Ltd.
Market Maker
Nikunj Stock Brokers Ltd.
IPO Timeline
Open
30 Sep
✓ Done
Close
04 Oct
✓ Done
Allotment
07 Oct
✓ Done
Listing
12 Oct
✓ Done
Registrar Details
Cameo Corporate Services Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-44-28460390
Email
investor@cameoindia.com
Company Contact
Email
cs@promax.co.in
Phone
0712-4003904
Address
House No: 1575, Ground Floor, Sector – 38B, Chandigarh, Chandigarh, 160038
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹10
Est. Listing
₹10
Lot Size
10,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Promax Power Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
Vol
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| Price
Market Reference
IPO Issue Price
₹10
GMP
+₹0 (+0%)
GMP Est. Listing
₹10
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 7,60,000 (47.50%) ₹76.00 Cr
Retail Investors 7,60,000 (47.50%) ₹76.00 Cr
Total ** 16,00,000 (100.00%) ₹1,600.00 Cr
Market Maker * 80,000 (5.00%) ₹0.80 Cr
* Based on ₹10.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
7,60,000 (47.50%)
Retail
7,60,000 (47.50%)
Market Maker
80,000 (5.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric31-Mar-2131-Mar-2031-Mar-19
Revenue36.897.76
PAT0.180.310.01
EBITDA
Net Worth
Total Assets20.4320.660.01
Reserves
Borrowings
About Promax Power Ltd.

Incorporated in 2017, Promax Power Limited is an ISO 14001:2015 and ISO 45001:2018 certified organization, 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 - projects in transmission lines including extra high tension & high tension transmission line & substation bays varying up to 220 KV.
  • Power Transmission & Distribution - complete electrification of high-rise buildings, industrial houses, hotels, multiplexes, and commercial complexes.
  • Substation - The company undertakes all types of electrical works like indoor and outdoor lighting, laying of cables, erection of transformers and switchyards up to 220 KV, erection of poles, installation of floodlights, etc. which also includes design and detailed engineering for EHV substations and transmission lines, etc.
  • Solar Projects EPC - High-quality services in the EPC space, from the initial design stage to the start-up of the installation, management, and implementation.
  • Sewerage Treatment Plant, and
  • Water Treatment Plant.

The company has a highly experienced and diverse set of professionally trained and qualified engineers capable of handling all requirements and installations, even at the highest scale and magnitude

.

Competitive strengths

  • Stable company with experienced management.
  • Good relationship with customers.
  • Well-defined organizational structure.
  • Good relations with suppliers.
  • Quality & ISO Certifications.
Frequently Asked Questions
What is the issue price of Promax Power Ltd. IPO?
The issue price of Promax Power Ltd. IPO is ₹10 per share, face value ₹10.
What is the lot size?
Minimum lot size is 10,000 shares, requiring ₹100,000.
What are the IPO dates?
Opens 30 Sep 2021, closes 04 Oct 2021.
When is the listing date?
Tentative listing: 12 Oct 2021 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹10 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Promax Power Ltd. IPO · Expected 07 Oct 2021

Check on Registrar
Post-IPO Timeline
Allotment Date
07 Oct 2021
Refund Initiation
08 Oct 2021
Demat Credit
11 Oct 2021
Listing Date
12 Oct 2021
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹10
Face ₹10
Lot Size
10,000
shares / lot
Min Amount
₹100,000
1 lot
Est. Listing
₹10
GMP +₹0
Key Dates
Open
30 Sep Done
Close
04 Oct Done
Listing
12 Oct Done
Registrar
Cameo Corporate Services Ltd.
A
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