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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 -
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
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Competitive strengths
Mr. Vishal Bhardwaj, and Mrs. Shweta Bhardwaj are the company promoters.
| 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) | ||
The net proceed from the IPO will be utilized towards the following purposes;
| IPO Opening Date | Sep 30, 2021 |
| IPO Closing Date | Oct 4, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr) |
| Fresh Issue | 1,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr) |
The Promax Power Limited IPO open date is Sep 30, 2021, and the close date is Oct 4, 2021. The issue may list on Oct 12, 2021.
| IPO Open Date | Sep 30, 2021 |
| IPO Close Date | Oct 4, 2021 |
| Basis of Allotment Date | Oct 7, 2021 |
| Initiation of Refunds | Oct 8, 2021 |
| Credit of Shares to Demat Account | Oct 11, 2021 |
| IPO Listing Date | Oct 12, 2021 |
The Promax Power Limited IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.33% |
The Promax Power Limited IPO is subscribed 6.89 times on Oct 4, 2021 05:45. The public issue subscribed 11.38 in the retail category, in the QIB category, and 2.39 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.39 |
| RII | 11.38 |
| Total | 6.89 |
| Listing Date | Tuesday, October 12, 2021 |
| BSE Script Code | 543375 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0I2F01015 |
| IPO Price | ₹10 per equity share |
| Face Value | ₹10 per equity share |
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Promax Power Limited
House No: 1575,
Ground Floor, Sector – 38B,
Chandigarh – 160038, Union Territory, India.
Phone: 0712-4003904
Email: cs@promax.co.in
Website: https://www.promax.co.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/
Promax Power Limited IPO is a SME IPO of 1,600,000 equity shares of the face value of ₹10 aggregating up to ₹1.60 Crores. The issue is priced at ₹10 per equity share. The minimum order quantity is 10000 Shares.
The IPO opens on Sep 30, 2021, and closes on Oct 4, 2021.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Promax Power Limited IPO using UPI as a payment gateway. Zerodha customers can apply in Promax Power Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Promax Power Limited IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Promax Power Limited IPO opens on Sep 30, 2021 and closes on Oct 4, 2021.
Promax Power Limited IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
You can apply in Promax Power Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Promax Power Limited IPO will be done on Oct 7, 2021, and the allotted shares will be credited to your demat account by Oct 11, 2021. Check the Promax Power Limited IPO allotment status.
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