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SME IPO Status: Listed [30th Sep 2021 to 4th Oct 2021]
Promax Power IPO of Rs. 160 Lakh comprising a fresh issue of Rs. 16,00,000 shares to hit the market soon to list on the BSE SME platform. The IPO opens for subscription from 30 September to 4 October 2021. The price is fixed at Rs. 10, 1 times of Rs. 10 face value. Bids can be applied for 10,000 shares and multiple. Stay updated with us to know more about the issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.
| SME IPO Issue Opening Date: | 30th Sep 2021 |
| SME IPO Issue Closing Date: | 4th Oct 2021 |
| SME IPO Issue Price: | ₹10 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | TBD |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹1.60 Cr |
| Fresh Issue: | 16,00,000 equity shares at ₹10 each [Aggregating to ₹160 Lakh] |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | NA |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 73.33% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543375 |
Get important updates regarding Promax Power SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 7th Oct 2021 |
| Refunds Initiation* | 8th Oct 2021 |
| Credit of Shares to Demat* | 11th Oct 2021 |
| SME IPO Listing Date* | 12th Oct 2021 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹10 |
| Market Lot: | 10000 Shares |
| 1 Lot Amount: | ₹100000 |
| Min HNI Lots: | 20000 shares(2 lots) |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Promax Power Limited offers Engineering, Procurement, and Construction (EPC) services of Electric substation & transmission lines, solar power stations, power distribution, and hydro stations. The company is engaged in the EPC for electrification, civil infrastructure, and water infrastructure management projects.
Its business area covers transmission lines, power, transmission & distribution, substation, Solar Projects EPC, Sewerage Treatment Plant, and Water treatment plant.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | power | ₹1.60 Cr | http://www.promax.co.in/ |
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 760,000 (50%) | 760,000 (50%) | 1,520,000 | |
| 1 | 30th Sep 2021 05:16 | 1.46x | 1.29x | 1.38x |
| 2 | 1st Oct 2021 06:56 | 1.58x | 3.59x | 2.59x |
| 3 | 2nd Oct 2021 10:03 | 1.58x | 3.59x | 2.59x |
| 4 | 4th Oct 2021 05:47 | 2.39x | 11.38x | 6.89x |
| Promax Power Financials (₹ in Lakhs) | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹2,042.96 | ₹2,066.38 | ₹1.06 |
| Total Income | ₹3,688.97 | ₹776.33 | ₹NA |
| Net Profit/Loss | ₹17.84 | ₹31.15 | ₹(.00118) |
Last Updated on 18-Oct-2021 09:54:23
