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Promax Power Limited IPO Subscription Details (Live Status)

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 Subscription Status Live

Promax Power Limited IPO subscribed 6.89 times. The public issue subscribed 11.38 times in the retail category, [.] times in QIB, and 2.39 times in the NII category by Oct 4, 2021.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers2.39
Retail Investors11.38
Employees[.]
Others[.]
Total6.89

Promax Power Limited IPO Subscription Details (times)

DateNIIRetailTotal

Day 1
Sep 30, 2021

1.46

1.29

1.38

Day 2
Oct 1, 2021

1.58

3.59

2.59

Day 3
Oct 2, 2021

1.58

3.59

2.59

Day 4
Oct 4, 2021

2.39

11.38

6.89


Promax Power Limited IPO Shares Offered

Promax Power Limited IPO is a public issue of 1,520,000 equity shares. The issue offers 760,000 shares to retail investors, 0 shares to qualified institutional buyers, and 760,000 shares to non-institutional investors.

CategoryShares Offered%
NII760,00050.00%
Retail760,00050.00%
Total1,520,000100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Promax Power Limited IPO Subscription FAQs

The Promax Power Limited IPO is subscribed 6.89 by Oct 4, 2021.

Promax Power Limited IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional2.39
Retail Individual11.38
Employee Reservations[.]
Others[.]
Total Subscription6.89

Retail category of Promax Power Limited IPO subscribed 11.38 times as of date Oct 4, 2021. The public issue closes on Oct 4, 2021 for bidding.

An investor can apply in Promax Power Limited IPO online via bank (using ASBA) or the broker (using UPI). The Promax Power Limited IPO shares are offered online only.

The Promax Power Limited IPO is subscribed 6.89 by Oct 4, 2021.

The Promax Power Limited IPO allotment status is expected on or around Oct 7, 2021. Visit Promax Power Limited IPO allotment status to check.

The Promax Power Limited IPO listing date is Tuesday, October 12, 2021. The equity share of Promax Power Limited will list on BSE SME.

Visit Promax Power Limited IPO subscription status page for real-time bidding information about Promax Power Limited IPO.

Promax Power Limited IPO Timetable

IPO Opens OnSep 30, 2021
IPO Closes OnOct 4, 2021
Finalisation of Basis of AllotmentOct 7, 2021
Initiation of RefundsOct 8, 2021
Credit of Shares to Demat AccountOct 11, 2021
IPO Listing DateOct 12, 2021