31 Mar 2019
Assets0.01
Profit After Tax0.00
NET Worth0.01
Reserves and Surplus0.00
At a glance
Updated 2026-08-23The shares listed at ₹11.00, a 10.00% move from the issue price. Promax Power is a SME IPO with an issue size of ₹1.60 crore, proposed for listing on BSE SME. The offer opens on 30th Sep 2021 and closes on 4th Oct 2021. The issue structure includes a fresh issue of ₹1.52 crore. The current listing schedule points to 12th Oct 2021.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹1.60 Cr
Fresh issue₹1.52 Cr
Face value₹10
Price band—–—
Allotment7th Oct 2021
Listing12th Oct 2021
Listing performance
Full performance ↗Issue price₹10.00
Listing price₹11.00
Current price—
Listing gain10.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Sep 2021
Closes4th Oct 2021
Allotment7th Oct 2021
Refund8th Oct 2021
Demat11th Oct 2021
Listing12th Oct 2021
Subscription demand
Full bidding ↗Total6.89×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 10000 | — |
Company
Incorporated2017
Use of proceeds
| Object | Amount |
|---|---|
| To meet Working Capital Requirement | ₹1.22 Cr |
| General Corporate Expenses | ₹0.10 Cr |
| Public Issue Expenses | ₹0.28 Cr |
Financials
Full financials ↗31 Mar 2020
Assets20.66
Total Income7.76
Profit After Tax0.31
NET Worth0.32
Reserves and Surplus0.31
Total Borrowing11.20
31 Mar 2021
Assets20.43
Total Income36.89
Profit After Tax0.18
NET Worth4.89
Reserves and Surplus0.49
Total Borrowing6.09
Trend chart₹ crore
Issue expenses
| Expense | Amount |
|---|---|
| To meet Working Capital Requirement | ₹1.22 Cr |
| General Corporate Expenses | ₹0.10 Cr |
| Public Issue Expenses | ₹0.28 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Finshore Management Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.