Promax Power Limited IPO
Promax Power Limited IPO
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Having completed its public offering, Promax Power Limited's is now listed and trading on the BSE exchange as of 12-10-2021. The IPO raised cumulative capital of 16,00,000 Shares, including 16,00,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹10 to ₹10 and minimum investment requirement of 10000 shares. subscription activity between 30-09-2021 and 04-10-2021 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 07-10-2021 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Promax Power IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Promax Power IPO Strength Factors
- Stable Company: Backed by experienced management.
- Strong Customer Relations: Maintains good ties with clients.
- Structured Organization: Clear and well-defined setup.
- Reliable Suppliers: Maintains strong supplier relationships.
- Quality Certified: Adheres to quality standards with ISO certifications.
Promax Power IPO Risk Factors
NA
Promax Power IPO Lead Manager(s)
- Finshore Management Services Limited
Promax Power IPO Promoter(s)
- Mr. Vishal Bhardwaj
- Mrs. Shweta Bhardwaj
Promax Power IPO FAQs
Promax Power Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 20, 2025 9:34:48 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Promax Power IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Promax Power IPO FAQs
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