IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
Promax Power IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Chandigarh and caters to Engineering sector. Finshore Management Services is the merchant banker of Promax Power IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 16th September 2021.
Promax Power IPO open date is 30th September 2021 and close date is 4th October 2021. IPO Allotment Date is 7th October 2021 and Listing date is 12th October 2021.
IPO
Size:
₹ 1.60 Cr.
Avg IPO Size (Sector Based)
: ₹
23.06 cr.
Sector: Engineering
SME
IPO so far:
99
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Chandigarh
SME
IPO so far:
7
Revenue (annualised):
₹
36.89
cr. 
PE
Ratio:
33.33x
Average Sector PE Ratio: 15.16x
Promax Power IPO size is ₹ 1.60 Cr. with IPO price of ₹ 10.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the Promax Power IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Promax Power IPO.
Promax Power IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Promax Power IPO, based in Chandigarh, operates in the Engineering sector with a focus on Professional solutions, design and engineering services. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Promax Power IPO size is ₹ 1.60 Cr. with fresh issue size of ₹ 1.60 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Promax Power IPO is expected to be 7th October 2021, after the finalization of basis of allotment. Investors can check Promax Power IPO allotment status on the registrars website, Cameo Corporate Services Limited. Promax Power IPO refund dates are 8th October 2021.
Promax Power IPO is expected to be listed on 12th October 2021.
The upper price band for the Promax Power IPO is set at ₹ 10.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Promax Power IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Promax Power IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 4th October 2021. After submission, funds are blocked until the basis of allotment of Promax Power IPO is finalised.
The merchant banker for Promax Power IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Promax Power IPO RHP for further details.
The registrar for Promax Power IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Promax Power IPO through their official website or helpline.
Promax Power IPO was subscribed 6.89 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 1.60 Cr.
Avg IPO Size (Sector Based)
:
₹ 23.06 Cr.
Sector: Engineering
SME
IPO so far:
99
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Chandigarh
SME
IPO so far:
7
Revenue (annualised):
₹ 36.87 cr.
PE
Ratio:
33.33x
Average Sector PE Ratio: 15.16x
Promax Power IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Promax Power Financial Review Page
Merchant Banker(s) of Promax Power IPO: Finshore Management Services Limited
Promax Power IPO subscription was 6.89 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Promax Power IPO listed at a listing price of 11.50 against the offer price of 10.00.
The current market price of Promax Power is 33.50.
Why Us?
