Promax Power IPO

Promax Power IPO

Promax Power IPO description – Promax Power is into the business of Execution of Engineering, Procurement, Construction (EPC – Power & Solar) projects for Electrification, Power Substations, Underground Cabling from 11kV to 220kV. The company also provides Turnkey execution of Civil Infrastructure projects such as Industrial buildings and Turnkey execution of water infrastructure management projects such as water transmission and distribution work. The company provides high quality professional solutions, design and engineering services to its 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. Promax power is an ISO 14001:2015 and ISO 45001:2018 certified organization.

Promax Power was established in 2017 with a motive to take over the business of M/s. Promax Technologies (a sole proprietorship firm of Vishal Bhardwaj) as a going concern basis and to continue the similar and related business activity in the name of the company. As on 31 March 2021, it had an order book position for execution of around INR109.25 crores which are at different stages of implementation.

Promoters of Promax Power – Mr Vishal Bhardwaj and Mrs Shweta Bhardwaj

Promax Power IPO details

Subscription Dates30 September – 4 October 2021
Price BandINR10 per share
Fresh issue1,600,000 shares (INR1.6 crore)
Offer For SaleNil
Total IPO size1,600,000 shares (INR1.6 crore)
Minimum bid (lot size)10,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform

More about Promax Power Public Offer

Promax Power IPO RHP
Promax Power DRHP
Promax Power IPO Allotment Status

Registrar of Promax Power Offer

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[email protected]

Promax Power Contact Details

Promax Power Limited
Plot No. F-303, Phase 8-B Industrial Area, SAS Nagar, Mohali – 160055
Phone: +91 0712-4003904
Email: [email protected]

Valuation of Promax Power (as of FY2021)

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

Promax Power IPO GMP Daily Trend

DatePromax Power IPO GMPKostakSubject to Sauda

Promax Power IPO Subscription Details (no. of times)

Shares Offered760,000760,0001,520,000
Day 11.461.291.38
Day 21.583.592.59
Day 32.3911.386.89

Promax Power Offer Allotment Status

Promax Power IPO allotment is now available on Cameo Corporate Services’ website. Click on this link to get allotment status. 

Listing Performance of Promax Power

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 IPO FAQs

What are investors portions in Promax Power Public Offer?

Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.

How to Apply in Promax Power Public Offer?

The best way to apply in Promax Power IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Promax Power Offer Size?

Promax Power offer size is INR1.6 crores.

What is Promax Power IPO Price Band?

Promax Power Offer Price is INR10 per share.

What is the lot size of Promax Power IPO?

Promax Power IPO lot size and the minimum order is 10,000 shares.


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