Promax Power Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 760,000 (48%) | — | ₹76 Cr |
| Retail | — | 760,000 (48%) | — | ₹76 Cr |
| Market Maker | — | 80,000 (5%) | — | ₹1 Cr |
| Σ Total | — | 1,600,000 (100%) | — | ₹1,600 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹100,000 |
| Retail (Max) | 13 | 130,000 | ₹1,300,000 |
| S-HNI (Min) | 14 | 140,000 | ₹1,400,000 |
| B-HNI (Min) | 67 | 670,000 | ₹6,700,000 |
Financial Statements Amount in Crore
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 37 | 8 | — |
| Profit After Tax | 0 | 0 | 0 |
| Total Assets | 20 | 21 | 0 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet Working Capital Requirement – 1.22
- 2 General Corporate Expenses – 0.10
- 3 Public Issue Expenses – 0.28
Company Overview
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 diverse set of professionally trained and qualified engineers capable of handling all requirements and installations, even at the highest scale and magnitude
.
Competitive strengths
- Stable company with experienced management.
- Good relationship with customers.
- Well-defined organizational structure.
- Good relations with suppliers.
- Quality & ISO Certifications.