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Open
30 Sep to 4 Oct, 2021
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Close
30 Sep to 4 Oct, 2021
3
Allotment
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Listing
Tue, Oct 12, 2021
Price Band
₹10 per share
Issue Size
16,00,000 shares (agg. up to ₹2 Cr)
Lot Size
10,000 Shares
Listing Date
Tue, Oct 12, 2021
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 6.41x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 20.43 | 20.66 | 0.01 |
| Total Income | 36.89 | 7.76 | |
| Profit After Tax | 0.18 | 0.31 | -0.00 |
| NET Worth | 4.89 | 0.32 | 0.01 |
| Reserves and Surplus | 0.49 | 0.31 | -0.00 |
| Total Borrowing | 6.09 | 11.20 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Destiny Logistics & Infra Ltd. | SME | ₹5.39 Cr | ₹20 | null | ₹19.70 | -1.50% | ₹105.90 (-4.98%) |
| Markolines Traffic Controls Ltd. | SME | ₹40.00 Cr | ₹78 | null | ₹65.30 | -16.28% | ₹173.09 (+3.12%) |
| Abhishek Integrations Ltd. | SME | ₹4.95 Cr | ₹50 | null | ₹38.00 | -24.00% | ₹36.10 (-5.00%) |
| G R Infraprojects Ltd. | Mainboard | ₹962.37 Cr | ₹837 | null | ₹1,747.10 | +108.73% | ₹900.55 (+0.18%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirement | 1.22 |
| 2 | General Corporate Expenses | 0.10 |
| 3 | Public Issue Expenses | 0.28 |
About Promax Power IPO
Incorporated in 2017, Promax Power Limited is an ISO 14001:2015 and ISO 45001:2018 certified organization, engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects. The company's business segments can be divided into - Transmission Lines - projects in transmission lines including extra high tension & high tension transmission line & substation bays varying up to 220 KV. Power Transmission & Distribution - complete electrification of high-rise buildings, industrial houses, hotels, multiplexes, and commercial complexes. Substation - The company undertakes all types of electrical works like indoor and outdoor lighting, laying of cables, erection of transformers and switchyards up to 220 KV, erection of poles, installation of floodlights, etc. which also includes design and detailed engineering for EHV substations and transmission lines, etc. Solar Projects EPC - High-quality services in the EPC space, from the initial design stage to the start-up of the installation, management, and implementation. Sewerage Treatment Plant, and Water Treatment Plant. The company has a highly experienced and
Contact Details
Promax Power Ltd. AddressHouse No: 1575Ground FloorSector-38BChandigarh, Chandigarh, 1600380712-4003904cs@promax.co.inVisit Website