Tuesday, September 28, 2021

Promax Power IPO Date, Review, Price, Form & Market Lot Details

Promax Power SME IPO to open on 30 September and will close on 04 October 1021. The company was established in 2004 with having over 15 years of experience in project management and execution. The core business areas of the company are Power Transmission & Distribution, Substation, Transmission Line, Solar Projects EPC, Civil Construction, Pre-Engineered Buildings, Sewerage Treatment Plant and Water Treatment Plant. They have their own dedicated in house design and engineering team for the projects that are providing high quality professional solutions, design and engineering services to its customers.

The IPO price band is fixed at ₹10 with market lot of 10000 shares. Promax Power is a BSE SME IPO and they are going to raise ₹1.60 crores via SME IPO. Check out Promax Power IPO date, price band and market lot details.

Promax Power


    Promax Power IPO Review

    • Apply with Risk

    Promax Power IPO Date & Price Band

     IPO Open:  30 September 1021
     IPO Close:  04 October 1021
     IPO Size:  Approx ₹1.60 Crore
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹10 Per Share 
     Listing on:  BSE SME
     Retail Portion:  50%
     Equity:  16,00,000 Shares
     DRHP Draft Prospectus:  Click Here
     RHP Draft Prospectus:  Click Here

    Promax Power IPO Market Lot

    The Promax Power IPO minimum market lot is 10000 shares with ₹100,000 application amount.
     Minimum Lot Size:  Minimum 10000 Shares
     Minimum Amount:  ₹100,000
     Minimum Lot Size:  Maximum 20000 Shares
     Minimum Amount:  ₹200,000

    Promax Power IPO Allotment & Listing

    The Promax Power IPO date is 30 September 1021 and the close date is 04 October 1021. The allotment date is 07 October 1021 and the IPO to list on 12 October 1021.
     Basis of Allotment:  07 October 1021
     Refunds:  08 October 1021
     Credit to Demat Account:  11 October 1021
     Listing Date:  12 October 1021


    Check Promax Power
    IPO Subscription Status Here


    Promax Power IPO Form

    How to apply the Promax Power IPO? You can apply Promax Power IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Promax Power IPO in the Invest section. The other option you can apply Promax Power IPO via IPO forms download via BSE. Check out the Promax Power forms - click BSE blank IPO forms download, fill and submit in your bank or with your broker.


    Promax Power Financial Report

      ₹ in Crore

    Assets Revenue Income
    2019 ₹0.01 ₹- ₹-
    2020 ₹20.66 ₹7.76 3.11
    2021 ₹20.43 ₹36.89 ₹1.78

    Company Promoters

    • Mr. Vishal Bhardwaj
    • Mrs. Shweta Bhardwaj

    Promax Power IPO Registrar

    Cameo Corporate Services Limited
    "Subramanian Building", #1, Club House Road,  
    Chennai - 600 002, India  
    Telephone: +91-44-40010700, 28460390
    Facsimile: +91-44-28460129
    Email: investor@cameoindia.com
    Contact Person: Mr. R.D. Ramasamy, Director
    Website: www.cameoindia.com  
    SEBI Registration Number: INR000003753
    CIN No: U67110TN1998PLC041613
    Note: Check Promax Power IPO allotment status on Cameo website allotment URL. Click Here

    Promax Power IPO Lead Managers

    • Finshore Management Services Limited

    Company Address

    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 IPO FAQs


    What is Promax Power IPO?

    Promax Power IPO is a BSE SME IPO. They are going to raise ₹1.60 Crores via IPO. The issue is priced at ₹10 per equity share. The IPO to be list on BSE.

    When Promax Power IPO will open for NII and Retail?

    The IPO is to open on 30 September 1021 for NII, and Retail Investors.

    What is Promax Power IPO Investors Portion?

    The investors' portion for QIB 0%, NII 50%, and Retail 50%.

    How to Apply the Promax Power IPO?

    You can apply Promax Power IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Promax Power IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Promax Power". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the Promax Power IPO through Upstox?

    Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Promax Power". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

    What is Promax Power IPO Size?

    Promax Power IPO size is ₹1.60 crores.

    What is Promax Power IPO Price Band?

    Promax Power IPO Price Band is ₹10.

    What is Promax Power IPO Minimum and Maximum Lot Size?

    The minimum bid is 10000 Shares with ₹100,000 amount while maximum bid is 20000 shares with ₹200,000.

    What is Promax Power IPO Allotment Date?

    Promax Power IPO allotment date is 07 October 1021.

    What is Promax Power IPO Listing Date?

    Promax Power IPO listing date is 12 October 1021. The IPO to list on BSE SME platform.

    Note: The Promax Power IPO details are officially announced. The IPO grey market premium (Promax Power IPO GMP) will be added on the grey market page if it will start.

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