Weekly Stock Recommendation [25-10-2021 to 29-10-2021]
Script Name Call No Buy/Sell CMP Buy upto 1st Target 2nd Target Stop Loss High/Low Remark
SBIN W-1 Buy 502.95 498 508 513++ 494 513.50 2nd Target Hit
ICICIBANK W-2 Buy 759.30 752 768 775++ 745 867 2nd Target Hit
RELIANCE W-3 Buy 2627.40 2610 2690 2720++ 2600 2680 -
AXISBANK W-4 Buy 816.70 805 828 832++ 800 855 2nd Target Hit
JUBLFOOD W-5 Buy 3701.25 3650 3789 3820++ 3630 - 2nd Target Hit
LT W-6 Buy 1792.25 1780 1828 1840++ 1765 - -
SBICARD W-7 Buy 1129.50 1115 1145 1160++ 1100 1148 1st Target Hit
TVSMOTOR W-8 Buy 619.80 604 630 639++ 598 - only Risk Trader
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Promax Power Limited IPO Details


Promax strong team having vast techno-commercial knowledge and experience in the field of EPC. Our team is lead by HOD, having more than 35 Years of experience in successful execution of multiple EPC projects in India and abroad. He has served as Head of EPC business in various MNC. The core competencies of our team are following:Transmission line and Substation up to 400kV voltage level.,Working experience in hilly regions of North-East India, Chhattisgarh, Odisha and J&K etc.,Worked with International clients of Africa, Middle East & SAARC countries.In house design set-up.,
Promax Power Limited IPO Details
Issue Open 30-09-2021
Issue Close 04-10-2021
Allotment Date 11-10-2021
Unblocked Amount 12-10-2021
Credit Demat Amount 13-10-2021
Listing Date 14-10-2021
Issue Size
16,00,000 Total Equity Share
Issue Size ₹ 1.60 Cr
IPO Price Band ₹ 10
Minimum Share Bid 10000
Minimum Investment Amount [₹]  ₹ 1,00,000
Face Value ₹ 10 Per Equity Share
Qualified Institutional Buyer [QIB] 50 %
Retail Individual Investor [RII] 50 %
Listing On BSE
Promax Power Limited IPO Rating
LiveIPO -
Hem Security -

Read More :- Upcoming IPO List

Promax Power Limited IPO Listing Details
Listing Date 12-10-2021
BSE Code 543375
ISIN Code INE0I2F01015
IPO Price ₹ 10
Lot Size 10000
Expected Listing Price ₹ 11 - ₹ 11.50
Book Profit ₹ 14
Stop Loss ₹ 10
Listing Group MT
- -
Promax Power Limited IPO Related Link
Promax Power Limited IPO GMP
Promax Power Limited IPO Subscription
Promax Power Limited IPO Allotment Status
Promax Power Limited IPO Financial Details (₹ in Rs)
Financial Year Total Asset Total Revenue Total Expenses Profit After Tax
FY-2019 1,66,206 - 118 - 118
FY-2020 20,66,37,840 7,76,32,970 7,34,49,860 31,14,718
FY-2021 20,42,96,535 36,88,96,886 35,84,91,675 17,83,887
- - - - -
Promax Power Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 2.37
Price/Earnings [P/E] Ratio 4.22
Return on Net Worth [RoNW] 3.65 %
Net Asset Value [NAV] ₹ 11.11 Per Share

Read More :- Investment Call

Promax Power Limited IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offered 7,60,000 7,60,000 15,20,000
Day-1
[30-09-2021]
11,10,000
[1.46]
9,80,000
[1.29]
20,90,000
[1.38]
Day-2
[01-10-2021]
12,00,000
[1.58]
27,30,000
[3.59]
39,30,000
[2.59]
Day-3
[04-10-2021]
18,20,000
[2.39]
86,50,000
[11.38]
1,04,70,000
[6.89]
Promax Power Limited IPO Grey Market Premium
Promax Power Limited IPO Grey Market Premium
Promax Power Limited IPO Allotment Status
Promax Power Limited IPO Allotment Status
  Promax Power Limited IPO Live Subscription
Promax Power Limited IPO Subscription in BSE
Promax Power Limited IPO Prospectus
Promax Power Limited IPO DRHP
Promax Power Limited IPO RHP (Update Soon)
Promax Power Limited IPO Contact Details
Promax Power Limited
Plot No. F-303,
Phase 8-B Industrial Area,
SAS Nagar, Mohali – 160055,
Punjab, India.
Tel No: 0712-4003904
E-Mail ID: cs@promax.co.in
CIN: U74999CH2017PLC041692
  Promax Power Limited IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
"Subramanian Building", #1, Club House Road,
Chennai - 600 002, India
Telephone: +91-44-40020700, 28460390
Facsimile: +91-44-28460129
Contact Person: Mr. R.D. Ramasamy, Director
SEBI Registration Number: INR000003753
CIN No: U67120TN1998PLC041613
  Promax Power Limited IPO Lead Managers
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok”, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal
Telephone: 033 – 22895101
Contact Person: Mr. S. Ramakrishna Iyengar
Investor Grievance Email: info@finshoregroup.com
SEBI Registration No: INM000012185
CIN No: U74900WB2011PLC169377
  Promax Power Limited IPO FAQs
What is Promax Power Limited IPO?
Promax Power Limited IPO is a main-board IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹1.60 Crores. The issue is priced at ₹10 Per equity share. The minimum order quantity is 10,000 Shares.

What is Promax Power Limited IPO Registrar?
Cameo Corporate Services Limited is the registrar for Promax Power Limited IPO. The Promax Power Limited IPO are to be listed on NSE.

When Promax Power Limited IPO will Open or Close?
The Promax Power Limited IPO opens on 30 Sept 2021 and closes on 04 Oct 2021.

What is Promax Power Limited IPO Price Band?
Promax Power Limited IPO Price Band is ₹10 Per equity share.

What is the lot size of Promax Power Limited IPO?
Promax Power Limited IPO the minimum bid is 10,000 Shares with ₹1,00,000 amount and maximum bid is 20,000 shares with ₹2,00,000.

When Promax Power Limited IPO Allotment date?
The Promax Power Limited IPO Allotment will be done on 11 Oct 2021,


On which date will Promax Power Limited IPO Refund the amount?
Promax Power Limited IPO will refund the amount on 12 Oct 2021 

When Promax Power Limited IPO Share Credited on Demat?
The Promax Power Limited IPO Shares will be credited to your demat account on 13 Oct 2021.

When is Promax Power Limited IPO listing date?
The Promax Power Limited IPO listing date is on 14 Oct 2021.

What is the expected Promax Power Limited IPO Listing Price?
As Per Grey Market Premium (GMP) and Market view we are expected to listing Promax Power Limited IPO is around 11 to 11.50

What is Promax Power Limited IPO Expected Returns?
Promax Power Limited IPO Expected Returns is -% .

What is a BSE code for the Promax Power Limited IPO?
The Promax Power Limited IPO BSE Code is 543375.

What is the stop loss in Promax Power Limited IPO?
If Promax Power Limited IPO go to below 14 then sell Promax Power Limited IPO.

What i do in NaapBooks IPO?
If Promax Power Limited IPO listing above 10 then sell Promax Power Limited IPO and book profit.

How to check NaapBooks IPO Allotment Status?
Below we are provide all the step how to check NaapBooks IPO allotment online 
  1. Go to the NaapBooks IPO Allotment Status Link
  2. Click on Click Here button 
  3. Select NaapBooks IPO
  4. Enter your details (PAN Number, Application Number, DP Client ID)
  5. Click Search Button
  6. After Click on Search button you will be able to see allotment status
How to Apply the Promax Power Limited IPO?
You can apply Promax Power Limited IPO using ASBA online through your internet banking.
You can also apply Promax Power Limited IPO ASBA online via UPI ID through your stock brokers apps.
You can also apply Promax Power Limited IPO via your stock brokers’ office by filling up the offline application form and submit to your Bank.
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