PROMAX POWER LTD.● IPO DETAIL GMPNIL STATUSListed IPOCloudTrack Every IPO PROMAX POWER LTD.● IPO DETAIL GMPNIL STATUSListed IPOCloudTrack Every IPO
Live GMP
Back to IPOs
Promax Power Ltd.

Promax Power Ltd.

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹10
₹10
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹10
Based on GMP
Min. Investment
₹100,000
1 lot × 10000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
30 Sep 2021
Close Date
04 Oct 2021
Allotment
07 Oct 2021
Listing Date
12 Oct 2021
Exchange
BSE SME
Price Band
₹10
Listing Price
See chart
Allotment Status
Price Band
₹10
Per share
Face Value
₹10 per share
 
Lot Size
10,000 Shares
per lot
Issue Size
16,00,000 shares (aggregating up to ₹1.60 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹100,000
1 lot
Pre-IPO Holding
44,00,000 shares
Promoters
Post-IPO Holding
60,00,000 shares
Promoters
UPI Deadline
2021-10-04
Mandate
Anchor AllotmentWed, 29 Sep 2021
Basis of AllotmentThu, 07 Oct 2021
Refund InitiationFri, 08 Oct 2021
Demat CreditMon, 11 Oct 2021
Listing DayTue, 12 Oct 2021
UPI Mandate Deadline2021-10-04
Sale TypeFresh Capital
Net Offer to Public15,20,000 shares (aggregating up to ₹1.52 Cr)
Market Maker Quota80,000 shares (aggregating up to ₹0.0800 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Promax Power Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Oct 2021.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
80,000
₹0.08
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
1,600,000
100% ₹1.60
IPO Shares Offered
Promax Power Ltd. IPO total issue size: ₹1.60 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 80,000 ₹0.08
5.00%
Total 1,600,000 ₹1.60
100.00%
* Based on upper price band ₹10 per share
Lot Size & Investment
Lot Size
10,000
Shares per Lot
Issue Price
₹10.00
Upper Band
Min Investment
₹100,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)220,000₹200,000
Retail (Max — 2 Lots)220,000₹200,000
S-HNI (Min — 14 Lots)14140,000₹1,400,000
B-HNI (Min — 68 Lots)68680,000₹6,800,000
* Issue Price ₹10 × Lot Size 10,000 shares
IPO Schedule
Anchor
29 Sep 2021
✓ Done
IPO Open
30 Sep 2021
✓ Done
IPO Close
04 Oct 2021
✓ Done
Allotment
07 Oct 2021
✓ Done
Refunds
08 Oct 2021
✓ Done
Demat Credit
11 Oct 2021
✓ Done
Listing Day
12 Oct 2021
✓ Done
Promax Power Ltd. — Live Price LIVE
₹10.00
INR · BSE
Fetching…
vs Issue Price
OPEN
HIGH
LOW
MKT CAP
P/E
52W HIGH
52W LOW
VOLUME
DIVIDEND
DIV YIELD
Loading…
Chart Not Available
Try again 2–3 days after listing.
Issue ₹10.00 Live Price
About Promax Power Ltd.
Incorporated in 2017, Promax Power Limited is an ISO 14001:2015 and ISO 45001:2018 certified organization, engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects. The company's business segments can be divided into -Transmission Lines - projects in transmission lines including extra high tension & high tension transmission line & substation bays varying up to 220 KV.Power Transmission & Distribution - complete electrification of high-rise buildings, industrial houses, hotels, multiplexes, and commercial complexes.Substation - The company undertakes all types of electrical works like indoor and outdoor lighting, laying of cables, erection of transformers and switchyards up to 220 KV, erection of poles, installation of floodlights, etc. which also includes design and detailed engineering for EHV substations and transmission lines, etc.Solar Projects EPC - High-quality services in the EPC space, from the initial design stage to the start-up of the installation, management, and implementation.Sewerage Treatment Plant, andWater Treatment Plant.The company has a highly experienced and diverse set of professionally trained and qualified engineers capable of handling all requirements and installations, even at the highest scale and magnitude.Competitive strengthsStable company with experienced management.Good relationship with customers.Well-defined organizational structure.Good relations with suppliers.Quality & ISO Certifications.
Objects of the Issue
1
1 To meet Working Capital Requirement
2
2 General Corporate Expenses
3
3 Public Issue Expenses
Promax Power Ltd. Financials (Amount in Crore)
Revenue from Operations
N/A
31-Mar-19
₹7.8
31-Mar-20
₹36.9
31-Mar-21
Profit After Tax (PAT)
₹0.0
31-Mar-19
₹0.3
31-Mar-20
₹0.2
31-Mar-21
Particulars31-Mar-2131-Mar-2031-Mar-19
Revenue from Operations 36.89 7.76 N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) 0.18 0.31 0.01
Net Worth N/A N/A N/A
Total Assets 20.43 20.66 0.01
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered16,00,000 (100.00%)
Net Offer to Public15,20,000 shares (aggregating up to ₹1.52 Cr)
Reserved for Market Maker80,000 shares (aggregating up to ₹0.0800 Cr)
Pre-Issue Promoter Holding44,00,000 shares
Post-Issue Promoter Holding60,00,000 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Finshore Management Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Promax Power Ltd. IPO subscribed?

Promax Power Ltd. IPO is subscribed 1.00 times by Oct 04, 2021. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Promax Power Ltd. IPO retail subscription status?

The Promax Power Ltd. IPO retail category is subscribed 1.00 times as of 04 Oct 2021. The retail portion is oversubscribed.

How to subscribe Promax Power Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 30 Sep 2021 and closes 04 Oct 2021. Min investment: ₹100,000 (1 lot = 10,000 shares). UPI mandate: 2021-10-04.

How many times Promax Power Ltd. IPO subscribed?

The Promax Power Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Promax Power Ltd. IPO allotment?

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 07 Oct 2021. Refunds: on 08 Oct 2021.

When Promax Power Ltd. IPO will be listed?

The Promax Power Ltd. IPO listing date is 12 Oct 2021, Tuesday. Listed on: BSE SME. Issue price: ₹10. Estimated listing: ₹10. GMP: NIL.

When Promax Power Ltd. IPO close?

The Promax Power Ltd. IPO closes on 04 Oct 2021, Monday. UPI mandate: 2021-10-04. Allotment: 07 Oct 2021. Listing: 12 Oct 2021.