Promax Power Ltd - IPO

Promax Power Ltd IPO Details

Initial public offer of 16,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Promax Power Limited (The Company or the Issuer) for cash at a price of Rs. 10/- per equity share at par (The Issue Price), aggregating to Rs. 1.60 Crores (The Issue), of which 80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 10/- per equity share, aggregating to Rs. 0.08 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 Rs. 10/- each for cash at a price of Rs. 10/- per equity share, aggregating to Rs. 1.52 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 Rs. 10/- each and the issue price is Rs. 10/- i.e., 1 time of the face value of the equity shares.

Objective of issue

To meet Working Capital Requirements. General Corporate Expensess.

Promax Power Ltd Contact Details

Promax Power Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - vishal@promax.co.in

Website - www.promax.co.in