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Promax Power specializes in the execution of Engineering, Procurement, and Construction (EPC – Power & Solar) projects for Electrification, Power Substations, and Underground Cabling ranging in voltage from 11kV to 220kV. Turnkey implementation of civil infrastructure projects such as industrial buildings is also provided by the firm, as is turnkey execution of water infrastructure management projects such as water transmission and distribution work. Customers benefit from the company’s high-quality professional solutions, design, and engineering services. Promax delivers technical knowledge in the most efficient and cost-effective manner, assisting in ensuring the project’s highest level of dependability and availability. Promax Power is a certified ISO 14001:2015 and ISO 45001:2018 business.
Promax Power was founded in 2017 with the intention of taking over the operations of M/s.Promax Technologies (a sole proprietorship corporation controlled by Vishal Bhardwaj) as a going concern, with similar and related commercial operations continuing in the company’s name. It has an order book position for execution of about INR109.25 crores as of March 31, 2021, which is in various stages of implementation.
Subscription Dates | 30 September – 4 October 2021 |
Price Band | INR10 per share |
Fresh issue | 1,600,000 shares (INR1.6 crore) |
Offer For Sale | Nil |
Total IPO size | 1,600,000 shares (INR1.6 crore) |
Minimum bid (lot size) | 10,000 shares |
Face Value | INR10 per share |
Retail Allocation | 50% |
Listing On | BSE SME platform |
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 204.30 | 206.64 | 0.14 | ||
| Total Revenue | 368.89 | 77.63 | NA | ||
| Profit After Tax | 1.7839 | 3.1147 | (0.0001) | ||
Earnings Per Share (EPS): INR2.37
Price/Earnings (PE ratio): 4.22
Return on Net Worth (RONW): 3.65%
Net Asset Value (NAV): INR11.11 per share
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Promax Power IPO | – | – | – | – |
NSE : NA
ISIN CODE : INE0I2F01015
BSE Script Code: 543375
Dilip Davda – May apply
IPO Opening Date: 30 September 2021
IPO Closing Date: 4 October 2021
Finalisation of Basis of Allotment: 7 October 2021
Initiation of refunds: 8 October 2021
Transfer of shares to demat accounts: 11 October 2021
Listing Date: 12 October 2021
Opening Price on BSE: INR11 per share (up 10% from IPO price)
Closing Price on BSE: INR11.55 per share (up 15.5% from IPO price)
Promax Power Limited
Plot No. F-303,
Phase 8-B Industrial Area, SAS Nagar, Mohali – 160055
Phone: +91 0712-4003904
Email: cs@promax.co.in
Website: www.promax.co.in
Cameo Corporate Services Limited
Subramanian Building,
1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com
| Category | Non-retail | Retail | Total |
| Shares Offered | 760,000 | 760,000 | 1,520,000 |
| Day 1 | 1.46 | 1.29 | 1.38 |
| Day 2 | 1.58 | 3.59 | 2.59 |
| Day 3 | 2.39 | 11.38 | 6.89 |
The Promax Power Limited IPO is a SME IPO of ₹10 per equity share with a face value of ₹10 per equity share.
The issue size is priced at 1,600,000 Eq Shares of ₹10(aggregating up to ₹1.60 Crore). The Fresh issue size is priced at 1,600,000 Eq Shares of ₹10(aggregating up to ₹1.60 Crore).The initial public offering (IPO) begins on Sep 30, 2021 and ends on Oct 4, 2021.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and SME.
The Promax Power Limited IPO opens on Sep 30, 2021 and closes on Oct 4, 2021.
The Promax Power Limited IPO Market lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
The finalization of Basis of Allotment for Promax Power Limited IPO will be done on Oct 8, 2021and the allotted shares will be credited to your demat account by Oct 11, 2021. Check the Promax Power Limited IPO status.
The Promax Power Limited IPO listing date is Oct 12, 2021.
Promax Power Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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