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IPO Synopsis IPO   > IPO Synopsis
As on : Nov 28,2021 05:58 AM
Promax Power Ltd
Registered Office: House No:1575 Ground Floor,Sector 38B, Chandigarh - 160038, Union Territory, India.
Phone : 9023168830   Fax:
Email :    
Website :  
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.
Issue Money Payable On
Opens On Closes On Application Allotment
30-Sep-21 04-Oct-21 (Rs) 10.00 (Rs) 0.00
Minimum Application for shares in Nos : 10000   Further Multiples of : 10000
  Lead Managers to the Issue
Project Cost (Rs.Cr) 1.32 Finshore Management Services Limited
Project Financed through Current Offer (Rs.Cr) 1.60  
Post Issue Equity Share Capital (Rs.Cr) 6.00  
Issue Price (Rs) 10.00  
Projects
To meet Working Capital Requirements General Corporate Expensess
Promoted By
Vishal Bhardwaj
Shweta Bhardwaj
Listing At
BSE - SME
Registrar to the Issue
Cameo Corporate Services Ltd