Promax Power Ltd IPO Allotment Date : Share, Stock Price, GMP, Review, Details

Promax Power Ltd IPO Allotment Date : Share, Stock Price, GMP, Review, Details

-Established in 2004, More than 15 years of experience in Project Management & Execution.
-Company exclusively focused to its core-business since inception.

-Executing turnkey Power, substation, transmission line, Hydro, distribution, electrification, Civil construction, Pre-engineered Building, High Rise Building, Sewerage and Water treatment projects.

-Dedicated in House Design and Engineering team.

An engineering company offering high quality professional solutions, design and engineering services to its customers. our highly skilled professionals and dedicated team ready to deliver their services. Promax provides technical expertise in the most efficient and cost-effective way helping to ensure the highest degree of reliability and availability of your project.

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Having achieved certain degree of expertise after successfully executing various projects we have an extremely experienced and diverse set of professionally trained and qualified engineers having versed ability in tackling and providing solutions to our customers and capability to handle all requirements and installations even at the highest scale and magnitude.

Promax Power Ltd

– Finshore Management Services Limited

Initial public offer of 16,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Promax Power Limited (The Company or the Issuer) for cash at a price of Rs. 10/- per equity share at par (The Issue Price), aggregating to Rs. 1.60 Crores (The Issue), of which 80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 10/- per equity share, aggregating to Rs. 0.08 Croress will be reserved for subscriptions by the market maker to the issue (The Market Maker Reservation Portion).

The issue less market maker reservation portion i.e. issue of 15,20,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 10/- per equity share, aggregating to Rs. 1.52 Croress is here in after referred to as The net Issue. the issue and the net issue will constitute 26.67% and 25.33% respectively of the post issue paidup equity share capital of the company.The face value of the equity share is Rs. 10/- each and the issue price is Rs. 10/- i.e., 1 time of the face value of the equity shares.

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ISSUE

Opens On: 30 Sep 2021

Closes On: 04 Oct 2021

MONEY PAYABLE ON

• Application: 10
• Allotment: 0

Project Cost (Cr.): 1.32

Post Issue Equity Share Capital (Cr.): 6

Issue Price (D): 10

Further Multiples of: 10000

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