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PROMAXSME / BSEListed
Promax Power

Incorporated in 2017, Promax Power Limited is an ISO-certified company specializing in engineering, procurement, and construction (EPC) for electrification, civil, and water infrastructure projects. Its business spans transmission lines up to 220 KV, power transmission and distribution for high-rise buildings and commercial complexes, substation works including transformers, switchyards, and lighting, as well as solar EPC projects, sewage treatment, and water treatment plants. The company has a team of skilled engineers capable of handling complex and large-scale installations from design to implementation and start-up.

rhp
₹10 - ₹10Open
Listed Price₹11.00
Listing Gain+10.00%

IPO Schedule & Timeline

Fixed Price IPO
Open30 Sep 2021
Close04 Oct 2021
Allotment07 Oct 2021
Listing12 Oct 2021

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker80,000 shares
5%
Nii (hni)7,60,000 shares
47.5%
Retail7,60,000 shares
47.5%

Minimum Application Lots

Retail1 Lot (10,000 shares)
₹1,00,000
HNI2 Lots (30,000 shares)
₹3,00,000

Company Promoters

Mr. Vishal BhardwajMrs. Shweta Bhardwaj

Company Background

Incorporated in 2017, Promax Power Limited is an ISO-certified company specializing in engineering, procurement, and construction (EPC) for electrification, civil, and water infrastructure projects. Its business spans transmission lines up to 220 KV, power transmission and distribution for high-rise buildings and commercial complexes, substation works includ...

Lead Managers & Bankers

Finshore Management Services Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-21)₹368.89 Cr
Revenue Trend (₹ in Crores)
0.0141.4282.8424.2Mar-19Mar-20Mar-21
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-21368.891.7839204.300
Mar-2077.633.1147206.640
Mar-1900.00010.140

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Cameo Corporate Services Limited

Allotment Finalized
Allotment Date
07 Oct 2021
Official Status
Out / Finalized
Registrar
Cameo Corporate Services Limited
Listing Date
12 Oct 2021

Official Allotment Verification Links

Official Registrar Portal
Cameo Corporate Services Limited

Direct allotment verification on the official registrar portal appointed for Promax Power. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization07 Oct 2021Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date12 Oct 2021Trading commences on exchange

How to Check Promax Power Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Promax Power from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingRHP

Allotment FAQs & Help

About Promax Power IPO

Complete issue overview for Promax Power (PROMAX) IPO. The issue features an equity share price band of ₹10 per share with a minimum retail lot size of 10000 Shares (minimum application amount of ₹1,00,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions