247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Promax Power Limited IPO (Promax Power IPO) Details

Promax Power Limited is an Engineering based company, located in Chandigarh, Promax Power Limited IPO size was 1.60 Cr. and was issued at 10.00 per share. The share of Promax Power Limited were listed at 11.50 per share and are currently trading at 42.63 per share.

Type :
Sub Sector :
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
36.89 Cr.

PAT :
0.18 Cr.

Pricing Report

Issue Price :
10.00

Listing Price :
11.50

Current Market Price :
42.63

Issue Price vs CMP :
32.63 (326.30%)

listing Price vs CMP :
31.13 (270.70%)

Performance Report (CAGR* wise)

CAGR : 55.6
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Promax Power

Company Information
Promax Power provide high quality professional solutions, design and engineering services to Their customers. Their highly skilled professionals and dedicated team are ever ready to deliver their efficient services. Promax provides technical expertise in the most efficient and cost-effective way, helping to ensure the highest degree of reliability and availability of the project. Having achieved certain degree of expertise after successfully executing various projects, they have an extremely experienced and diverse set of professionally trained and qualified engineers having versed ability in tackling and providing solutions to their customers and capability to handle all requirements and installations even at the highest scale and magnitude. They are having a professional managed team to execute their projects having vast techno-commercial knowledge and experience in the field of
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Object of Issue
  • Meet working capital requirements
  • Meet issue expenses
  • General corporate purposes

Promax Power SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Oct, 2021
IPO Size :
1.60 Cr.
Market Cap :
6.00 Cr.   
IPO Subscription :
6.89 X     
PE Multiple :
33.33
IPO Registrar:
Cameo Corporate Services Limited
Anchor Investors:

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FAQs

Promax Power operates in Engineering and . The Issue is listed on BSE SME in Oct, 2021. Promax Power IPO size was 1.60 Cr. with Issue price of 10.00 .

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 42.63.

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