Promax Power Limited
IPO Details
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Having completed its public offering, Promax Power Limited's is now listed and trading on the BSE exchange as of Oct 12, 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 Sep 30, 2021 and Oct 04, 2021 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Oct 07, 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.
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."
- 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.
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- Mr. Vishal Bhardwaj
- Mrs. Shweta Bhardwaj
Promax Power Limited
Cameo Corporate Services Limited