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
- More about Promax Power Public Offer
- Registrar of Promax Power Offer
- Promax Power Contact Details
- Valuation of Promax Power (as of FY2021)
- Promax Power IPO GMP Daily Trend
- Promax Power IPO Subscription Details (no. of times)
- Promax Power Offer Allotment Status
- Listing Performance of Promax Power
- Promax Power IPO FAQs
Promax Power IPO details
|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|
|Listing On||BSE SME platform|
More about Promax Power Public Offer
Registrar of Promax Power Offer
Cameo Corporate Services Limited
1 Club House Road,
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Promax Power Contact Details
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
|Date||Promax Power IPO GMP||Kostak||Subject to Sauda|
Promax Power IPO Subscription Details (no. of times)
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.