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.
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 Limited IPO Details
| IPO Opening Date | Sep 30, 2021 |
| IPO Closing Date | Oct 4, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr) |
| Fresh Issue | 1,600,000 Eq Shares of ₹10 (aggregating up to ₹1.60 Cr) |
Promax Power Limited IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
Promax Power Limited IPO Promoter Holding
| Pre Issue Share Holding | 99.999% |
| 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 Website: https://www.promax.co.in/ |
Promax Power Limited IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://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 []. |
