Promax Power Ltd
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Registered Office:
House No:1575 Ground Floor,Sector 38B
,
Chandigarh
-
160038
,
Chandigarh
, India.
Phone :
9023168830 Fax:
Email : vishal@promax.co.in
Website : www.promax.co.in
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Initial public offer of 16,00,000 equity shares of face value of Rs10/- each ("Equity Shares") of Promax Power Limited (The "Company" or the "Issuer") for cash at a price of Rs10/- per equity share at par (The "Issue Price"), aggregating to Rs1.60 Crores (The "Issue"), of which 80,000 equity shares of face value of Rs10/- each for cash at a price of Rs10/- per equity share, aggregating to Rs0.08 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 Rs10/- each for cash at a price of Rs10/- per equity share, aggregating to Rs1.52 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 Rs10/- each and the issue price is Rs10/- i.e., 1 time of the face value of the equity shares.
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Opens On
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Closes On
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Application
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Allotment
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30-Sep-21
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04-Oct-21
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Rs 10.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :10000 Further
Multiples of :10000
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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1.32
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Finshore Management Services Limited |
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Project Financed through Current Offer
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1.60
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Post Issue Equity Share Capital
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6.00
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Issue Price
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Rs 10.00
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