Promax Power Limited IPO Allotment Status Online

The Promax Power Limited IPO allotment status will be available on October 7, 2021, as per the timeline provided in the red-herring prospectus.

Below are the steps to check Promax Power Limited IPO allotment status online:

• Visit the Promax Power Limited IPO allotment status page.
• Click on the green Promax Power Limited IPO Allotment Status.
• Enter either PAN number, Application Number or DP Client ID of the demat account to check the Promax Power Limited IPO allotment status.
• Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

• PAN No.: AHMLK1898J
• Application No.: RL041213805307
• Name: Mr. Rajveer Singh
• Shares Applied: 40
• Shares Allotted: 40

The expected listing price of Promax Power Limited IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Promax Power Limited IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Promax Power Limited IPO allotment status is expected on October 7, 2021. Click the green button Promax Power Limited IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Promax Power Limited IPO oversubscribed in the retail category, the Promax Power Limited IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Promax Power Limited IPO shares will get listed on Tuesday, October 12, 2021. The equity share of Promax Power Limited will list on BSE SME.

The reason you didn't get the Promax Power Limited IPO could be:

• IPO become oversubscribed and allotment process is completed through a lottery
• The IPO application got rejected due to mismatch/incomplete information
• The issue price is higher than the bid price. (Always apply on cut-off price).