Promax Power Limited
ListedSMEIndustrials · BSE
Incorporated in 2017, Promax Power Limited is an ISO-certified company specializing in engineering, procurement, and construction (EPC) for electrification, civil, and water infrastructure projects. Its business spans transmission lines up to 220 KV, power transmission and distribution for high-rise buildings and commercial complexes, substation works including transformers, switchyards, and lighting, as well as solar EPC projects, sewage treatment, and water treatment plants. The company has a team of skilled engineers capable of handling complex and large-scale installations from design to implementation and start-up.
Price Band
₹10
Issue Size
₹1.60 Cr
Lot Size
10000 shares
GMP
—
Est. Listing
₹10
at current GMP
Subscribed
—
Open
30 Sep 2021
Close
4 Oct 2021
Allotment
7 Oct 2021
Refund
8 Oct 2021
Demat Credit
9 Oct 2021
Listing
12 Oct 2021
Last updated 12 days ago
Live Grey Market Premium
Promax Power Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹00.0%
Issue Price (Upper)
₹10
Band: ₹10
Estimated Listing Price
₹10
Upper price + GMP
Lot Size
10000 shares
Min investment ₹1,00,000
Estimated Profit / Lot
₹0
10000 × ₹0
Promax Power Limited GMP Historical Trend
GMP History
Grey Market Premium trend
—
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹10 |
| 30 Oct 2026 | — | 0.0% | ₹10 |
| 29 Oct 2026 | — | 0.0% | ₹10 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Promax Power Limited Public Issue & Market Profile
Promax Power Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹1.6 Crores. The shares are offered at a price band of ₹10 to ₹10 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 10000 shares (approx. ₹1,00,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-10-09, while un-allotted funds or UPI block mandates will be released on 2021-10-08.
Frequently Asked Questions
What is Promax Power Limited IPO GMP today?
The latest grey market premium for Promax Power Limited IPO is ₹0, which indicates an expected listing price of ₹10.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.