Promax Power Limited IPO

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Promax Power provides high-quality professional solutions, design, and engineering services to 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.

They are having a professionally managed team to execute its projects having vast techno-commercial knowledge and experience in the field of EPC.

Business area-
Transmission Line
ii. Power Transmission & Distribution
iii. Substation
iv. Solar Projects EPC
v. Sewerage Treatment Plant
vi. Water Treatment Plant

Competitive strengths
Smooth flow of operations
Well-defined organizational structure
Existing Supplier Relationship

Objects of the Promax Power Limited IPO:

The Issue includes a fresh Issue of 16,00,000 Equity Shares of the Company at an Issue Price of ₹10/- per Equity Share aggregating to ₹160.00 Lakhs. The Objects of the Issue are: i. To meet the working capital requirements of the company ii. To meet the Issue Expenses iii. General Corporate Purposes

Promax Power Limited IPO Details:

Open Date: Sep 30 2021
Close Date: Oct 04 2021
Total Shares: 1,600,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 1.60 Cr.
Lot Size: 10000 Shares
Issue Price: ₹ 10 Per Equity Share
Listing At: BSE SME

Promoters And Management:

i. Mr. Vishal Bhardwaj, aged 41 years, is the Founder Promoter and Managing Director of the company. He has completed his diploma in Electronics and Communication Engineering in the year 1999. He started his career working as an engineer in an electrical company and soon after, in the year 2006, he decided to set up his own engineering company with a vision and mission to execute projects for the power sector. Having more than 15 years of rich experience in project management and execution in the sector of EPC of the substation, Transmission line, Solar & Wind power projects, he has finalized and executed various projects successfully. ii. Dr. Shweta Bhardwaj, aged 36 years, is the Founder Promoter, and Executive Director of the company. She is the wife of Mr. Vishal Bhardwaj (Managing Director). She is a qualified doctor by profession having a degree of Bachelors in Dental Surgery (BDS) in the year 2007. She has been involved in managing human resource and admin-related activities for the company since the inspection. She develops and implements HR strategies and initiatives aligned with overall business strategy, Bridge management, and employee relations by addressing demands, grievances, or other issues. iii. Mr. Pawan Kumar Jain, aged 70 Years, is appointed as Non-Executive Director of the company on April 06, 2021. He has completed his degree in Masters of Commerce (M. Com) in the year 1972. He is the father of Dr. Shweta Bhardwaj. He was a teacher by profession and started his career as a lecturer in commerce in 1973 at SA Jain College, Ambala, and become Officiating Principal in DAV College, Chandigarh.

Financials of Promax Power Limited IPO:

Particulars (in Lakhs) Mar 21 Mar 20
Revenue from operations 3687 776
Cost of Materials Consumed 3099 996
Change in Inventories 136 -263
Employee Benefit Expense 210
Other expenses 139 1.3
Operating Profit 103 41.7
OPM% 2.79% 5.37%
Other Income 1.8 -
Finance costs 61 -
Depreciation and amortisation 9.8 0
Profit before tax 32.90 41.60
Profit for the year 17.8 31.1

Lead Manager of Promax Power Limited IPO:

  1. Finshore Management Services Limited

Registrar of Promax Power Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

Promax Power Limited House No: 1575, Ground Floor, Sector – 38B, Chandigarh – 160038, Union Territory, India. Phone: 0712-4003904 Email: Website

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