Promax power limited IPO is all set to make its debut on 30th sept 21 with 1.60 Cr engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects.
Promax power limited IPO – overview
| IPO Dates | 30 sept –4 Oct 2021 |
| IPO Price | INR 10 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,600,000 shares (INR 1.60 crore) |
| Minimum bid (lot size) | 10000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Promax power limited IPO – Tentative Dates
| IPO Offer Opening Date | 30 Sept 2021 |
| IPO Closing Date | 05 Oct 2021 |
| Finalization of Basis of Allotment | 08 Oct 2021 |
| Initiation of refunds | 11 Oct 2021 |
| Transfer of shares to demat accounts | 12 Oct 2021 |
| IPO Listing Date | 13 Oct 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
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.
- 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
Industry Overview
Indian renewable energy sector is the fourth most attractive renewable energy market in the world1. India was ranked fifth in wind power, fifth in solar power and fourth in renewable power installed capacity, as of 2019. Installed renewable power generation capacity has gained pace over the past few years, posting a CAGR of 17.33% between FY16-20. With the increased support of the Government and improved economics, the sector has become attractive from an investor’s perspective. As India looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. The government plans to establish a renewable energy capacity of 523 GW (including 73 GW from Hydro) by 2030.
Competitive Strengths:
- Stable company with experienced management.
- Good relationship with customers.
- Well-defined organizational structure.
- Good relations with suppliers.
Objectives of the issue
- Meet working capital requirements.
- Meet issue expenses.
- General corporate purposes.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 204.30 | 206.64 | 0.14 |
| Total Revenue | 368.89 | 77.63 | NA |
| Profit After Tax | 1.7839 | 3.1147 | (0.0001) |
Company Contact Information
Promax Power Limited
House No: 1575,
Ground Floor, Sector – 38B,
Chandigarh – 160038, Union Territory, India.
Phone: 0712-4003904
Email: cs@promax.co.in
Website: https://www.promax.co.in/
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
