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Promax Power IPO

SME IPO Status: Closed [30th Sep 2021 to 4th Oct 2021]

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Promax Power SME IPO Review

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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.

Promax Power SME IPO Details

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
IPO Category: 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%
BSE Code: 543375
IPO Live GMP IPO Live GMP

Promax Power SME IPO Important Dates

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.

Promax Power SME IPO important dates
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

About Company - Promax Power

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 ₹160 Lakh http://www.promax.co.in/

Promax Power SME IPO Objective

  • Meet working capital requirements.
  • Meet issue expenditures.
  • General corporate purposes.

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Promax Power SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 760,000 Shares
  • Retail Individual Investor: 760,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered760,000 (50%)760,000 (50%)1,520,000
130th Sep 2021 05:161.46x1.29x1.38x
21st Oct 2021 06:561.58x3.59x2.59x
32nd Oct 2021 10:031.58x3.59x2.59x
44th Oct 2021 05:472.39x11.38x6.89x

Promax Power Financials for past 3 Years

Past performance and financial results of Promax Power.

Promax Power financial
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)

Promax Power SME IPO Strengths

  • A comprehensive range of engineering, procurement, and construction services.
  • Best quality products with ISO 14001:2015 and ISO 45001:2018 certification.
  • Well-defined organizational structure and smooth operation flow.
  • Stable organization environment and experienced managerial team.

Promax Power SME IPO Threats/Weaknesses

  • Large revenue dependency over a few customer bases and loss of anyone can significantly reduce market demand.
  • Delay in construction project completion can lead to termination of EPC contract or cost overrun.
  • Highly competitive and fragmented industries have a direct impact on business performance.
  • Business is heavily concentrated in the northern, eastern, and southern parts of India.
  • High working capital requirements, thus insufficient cash flows will negatively affect the company's debt capacity.

Promax Power SME IPO Recommendations

Promax Power SME IPO DRHP >>Document

Promax Power SME IPO RHP >>Document

Promax Power SME IPO Allotment Status >>Link

Company Address

Promax Power Limited
House No: 1575, Ground Floor, Sector – 38B,
Chandigarh,Union Territory-160038
India
Website: http://www.promax.co.in/
Phone: 0712-4003904
Email: [email protected]

Promax Power SME IPO Registrar

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Website: https://online.cameoindia.com/
Phone: +91-44-28460390
Email: [email protected]

Promax Power SME IPO Lead Manager

  1. Finshore Management Services Limited
Promax Power SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Promax Power? Should I apply in Promax Power SME IPO?

Last Updated on 2021-10-18T09:54:23+00:00


User Reviews

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5. Chander anegi 9/26/2021 11:23:08 PM Reply
Promax Power SME IPO expected listing gain.
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4. nandkishore kale  9/26/2021 11:23:08 PM Reply
Please confirm Promax Power SME IPO GMP (grey market premium) and kostak.
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3. Rohit kumawat 9/26/2021 11:23:08 PM Reply
Promax Power SME IPO good or bad.
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2. sanjay sharma 9/26/2021 11:23:08 PM Reply
Promax Power SME IPO whether to invest or not.
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1. Rakesh Patel 9/26/2021 11:23:08 PM Reply
Promax Power SME IPO - CRISIL Rating, Apply or not?.