SME IPO Status: Closed [30th Sep 2021 to 4th Oct 2021]
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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|
|IPO Listing At:||BSE SME|
|SME IPO Issue Type:||Fixed price IPO|
|SME IPO Issue Size:||₹160 Lakh|
|Fresh Issue:||16,00,000 equity shares at ₹10 each [Aggregating to ₹160 Lakh]|
|Face Value:||₹10 Per Equity Share|
|SME IPO Discount:||NA|
|Market Lot:||10000 Shares|
|Min Retail Qty:||10000 shares (1 lot)|
|Max Retail Qty:||20000 shares (2 lots)|
|Promoter Holding Pre IPO:||100%|
|Promoter Holding Post IPO:||73.33%|
In this section we have covered all important dates related to Promax Power SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.
|SME IPO Activity||Date|
|SME IPO Issue Open||30th Sep 2021|
|SME IPO Issue Close||4th Oct 2021|
|Basis of Allotment Finalisation Date*||7th Oct 2021|
|Refunds Initiation*||8th Oct 2021|
|Credit of Shares to Demat Account*||11th Oct 2021|
|SME IPO Listing Date*||12th Oct 2021|
* - Tentative Dates
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|
The table below is live update of SME IPO bidding details from NSE and BSE.
|# 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|
Past performance and financial results of Promax Power.
|Promax Power Financials (₹ in Lakhs)||31-Mar-2021||31-Mar-2020||31-Mar-2019|
Promax Power SME IPO DRHP >>Document
Promax Power SME IPO RHP >>Document
Promax Power SME IPO Allotment Status >>Link
Last Updated on 2021-10-18T09:54:23+00:00