September 30, 2021 - October 4, 2021

Promax Power Limited IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Promax Power Limited IPO.

Promax Power Limited IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Promax Power Limited IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Promax Power Limited IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company has posted a lacklustre performance for FY20 and FY21. It posted a lower net on higher turnover for FY21. Based on FY21 earnings, though the issue is at par, it.is at a very high P/E. Hence risk seeker/cash surplus investors may consider parking of funds with a long term perspective. Read detail review...

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