Chittorgarh.com Logo
Loading...

Promax Power Limited IPO Details

Issue Open Sep 30, 2021
Issue Close Oct 4, 2021
IPO Price ₹10
Face Value ₹10
IPO Size ₹1.60 Cr
Listing At BSE SME
IPO Lot Size 10000

Promax Power Limited IPO Date & Price

The Promax Power Limited IPO opens on Sep 30, 2021 and closes on Oct 4, 2021.

Promax Power Limited IPO timetable / schedule is as below:
  • Bid/Offer Opens On: Sep 30, 2021
  • Bid/Offer Closes On: Oct 4, 2021
  • Finalization of Basis of Allotment: Oct 7, 2021
  • Initiation of refunds: Oct 8, 2021
  • Credit of Equity Shares: Oct 11, 2021
  • Listing Date: Oct 12, 2021

Promax Power Limited IPO price is set at ₹10 per equity share.

Promax Power Limited IPO will close for subscription at 5 PM on Oct 4, 2021. But most brokers stop accepting application between 1 PM to 3 PM.

The Promax Power Limited IPO starts on Sep 30, 2021. The issue ends on Oct 4, 2021.

Promax Power Limited IPO Issue Size and Subscription Status

The Promax Power Limited IPO size is 1600000 Equity Shares of ₹10 aggregating up to ₹1.60 Cr.

Promax Power Limited is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for Promax Power Limited IPO shares through the banks (using ASBA) or through the broker (using UPI).

Promax Power Limited IPO Offer Size

Qualified Institutional Buyers (QIB)0 Shares
Non-Institutional Investors (NII)760,000 Shares
Retail Individual Investor (RII)760,000 Shares
Employee Reservations0 Shares
Other Reservations0 Shares
Total Issue Size1,520,000 Shares

Promax Power Limited IPO IPO Subscription Status

Qualified Institutional Buyers (QIB) times
Non-Institutional Investors (NII)2.39 times times
Retail Individual Investor (RII)11.38 times times
Employee Reservations times
Other Reservations times
Total Issue Size6.89 times times

Click here to check the Promax Power Limited IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in Promax Power Limited IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check Promax Power Limited IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

Promax Power Limited IPO Allotment and Listing

The Promax Power Limited IPO allot status will be available online on Oct 7, 2021. Check the Promax Power Limited IPO Allotment Status here.

Click here to check Promax Power Limited IPO Allotment Status.

Promax Power Limited IPO listing Date is Oct 12, 2021. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The Promax Power Limited IPO listing date and time is published by the exchange in a circular.

Click here to view the Promax Power Limited IPO Basis of Allotment.

It is hard to say at what price Promax Power Limited IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The Promax Power Limited IPO shares will list on Oct 12, 2021 at BSE SME.

Promax Power Limited IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about Promax Power Limited IPO which could help you with questions like Promax Power Limited IPO buy or not? You should also read Promax Power Limited IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

Promax Power Limited IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the Promax Power Limited IPO performance. The performance reports are available 1 day after listing.