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Promax Power Limited IPO vs Shri Venkatesh Refineries IPO

Comparision between Promax Power Limited IPO and Shri Venkatesh Refineries IPO.

IPO Details

Promax Power Limited IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shri Venkatesh Refineries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Promax Power Limited IPO Shri Venkatesh Refineries IPO
Logo Promax Power Limited IPO Logo Shri Venkatesh Refineries IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Finshore Management Services Limited Hem Securities Limited
Registrar Cameo Corporate Services Limited Purva Sharegistry India Pvt Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Promax Power Limited IPO is up to ₹1.60 Cr whereas the issue size of the Shri Venkatesh Refineries IPO is up to ₹11.71 Cr. The final issue price of Promax Power Limited IPO is ₹10.00 per share and of Shri Venkatesh Refineries IPO is ₹40.00 per share.

  Promax Power Limited IPO Shri Venkatesh Refineries IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹10.00 per share ₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 10000 shares 3000 shares
Fresh Issue Size 16,00,000 shares
Fresh Issue Size (Amount) up to ₹1.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 16,00,000 shares 29,28,000 shares
Issue Size Total (Amount) up to ₹1.60 Cr up to ₹11.71 Cr

IPO Timetable

Promax Power Limited IPO opens on Sep 30, 2021, while Shri Venkatesh Refineries IPO opens on Sep 29, 2021. The closing date of Promax Power Limited IPO and Shri Venkatesh Refineries IPO is Oct 04, 2021, and Oct 01, 2021, respectively.

  Promax Power Limited IPO Shri Venkatesh Refineries IPO
Anchor Bid Date
Issue Open Sep 30, 2021 Sep 29, 2021
Issue Close Oct 04, 2021 Oct 01, 2021
Basis Of Allotment (Tentative) Oct 07, 2021 Oct 06, 2021
Initiation of Refunds (Tentative) Oct 08, 2021 Oct 08, 2021
Credit of Share (Tentative) Oct 11, 2021 Oct 08, 2021
Listing date (Tentative) Oct 12, 2021 Oct 11, 2021
Anchor Lockin End date 1 Nov 06, 2021 Nov 05, 2021
Anchor Lockin End date 2 Jan 05, 2022 Jan 04, 2022

Financials

Promax Power Limited IPO P/E ratio is , as compared to Shri Venkatesh Refineries IPO P/E ratio of .

  Promax Power Limited IPO Shri Venkatesh Refineries IPO
Financial
Summary of financial Information (Restated Consolidated)
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)
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 934.06 672.55 491.11
Total Revenue 3,369.93 2,355.17 2,269.88
Profit After Tax 35.08 22.07 12.60
Promoter Shareholding (Pre-Issue) 99.99% 100%
Promoter Shareholding (Post-Issue) 73.33% 73.53
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Promax Power Limited IPO retail investors (RII) are offered 7,60,000 shares while in Shri Venkatesh Refineries IPO retail investors are offered 7,60,000 shares. Qualified institutional buyers (QIB) are offered in Promax Power Limited IPO and in Shri Venkatesh Refineries IPO.

  Promax Power Limited IPO Shri Venkatesh Refineries IPO
Anchor Investor Reserveration
Market Maker Reserveration 80,000 shares 1,47,000 shares
QIB
NII 7,60,000 shares 13,89,000 shares
RII 7,60,000 shares 13,92,000 shares
Employee
Others
Total 15,20,000 shares 27,81,000 shares

Bids Received (Subscription)

Promax Power Limited IPO subscribed 6.89x in total, whereas Shri Venkatesh Refineries IPO subscribed 3.12x.

  Promax Power Limited IPO Shri Venkatesh Refineries IPO
QIB (times)
NII (times) 2.39x 2.43x
Big NII (times)
Small NII (times)
RII (times) 11.38x 3.81x
Employee (times)
Other (times)
Total (times) 6.89x 3.12x

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