Promax Power Limited IPO (Promax Power Limited IPO)

Promax Power Limited IPO 2021
Upcoming Promax Power Limited IPO | New Promax Power Limited IPO

Launched in 2017, Promax Power Limited is involved in the construction of electrical engineering equipment, public infrastructure, and water infrastructure management projects.

The business components of the company can be divided into – Transmission Lines, Power Transmission & Distribution, Substation, Solar Projects EPC, Sewerage Treatment Plant, and Water Treatment Plant.

Promax Power IPO

Competitive Strengths

  • Stable company with experienced management.
  • Good relationship with customers.
  • Well-defined organizational structure.
  • Good relations with suppliers.
  • Quality & ISO Certifications.

Company Promoters

Mr. Vishal Bhardwaj, and Mrs. Shweta Bhardwaj are the company promoters.

Objects Of The Issue

The net proceed from the IPO will be utilized towards the following purposes;

  • Meet working capital requirements.
  • Meet issue expenses.
  • General corporate purposes.
Promax Power IPO
Object Of The Issue

Promax Power Limited IPO Details

IPO Opening DateSep 30, 2021
IPO Closing DateOct 4, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹10 per equity share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME
Issue Size1,600,000 Eq Shares of ₹10
(aggregating up to ₹1.60 Cr)
Fresh Issue1,600,000 Eq Shares of ₹10
(aggregating up to ₹1.60 Cr)

Promax Power Limited IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum110000₹100,000
Maximum220000₹200,000

Promax Power Limited IPO Promoter Holding

Pre Issue Share Holding99.999%
Post Issue Share Holding

Company Contact Information

Promax Power Limited

House No: 1575,
Ground Floor, Sector – 38B,
Chandigarh – 160038, Union Territory, India.

Phone: 0712-4003904
Email: cs@promax.co.in
Websitehttps://www.promax.co.in/

Promax Power Limited IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Websitehttps://online.cameoindia.com/

Promax Power Limited IPO Lead Manager(s)

1. Finshore Management Services Limited

Promax Power Limited IPO FAQs

When Promax Power Limited IPO will open?

The Promax Power Limited IPO dates are 30 Sep 2021 To 04 Oct 2021.
What is the lot size of Promax Power Limited IPO?

Promax Power Limited IPO lot size and the minimum order quantity is 10000 Shares.
How to apply for Promax Power Limited IPO?

You can apply in Promax Power Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Promax Power Limited IPO listing date?

The Promax Power Limited IPO listing date is not announced. The date of Promax Power Limited IPO listing is [].