Comparison between Promax Power IPO and Shri Venkatesh Refineries IPO.
IPO Details
Promax Power IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shri Venkatesh Refineries IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Promax Power IPO is up to ₹1.52 Cr whereas the issue size of the Shri Venkatesh Refineries IPO is up to ₹11.12 Cr. The final issue price of Promax Power IPO is ₹10.00 per share and of Shri Venkatesh Refineries IPO is ₹40.00 per share.
IPO Timetable
Promax Power IPO opens on Sep 30, 2021, while Shri Venkatesh Refineries IPO opens on Sep 29, 2021. The closing date of Promax Power IPO and Shri Venkatesh Refineries IPO is Oct 04, 2021, and Oct 01, 2021, respectively.
| | Promax Power IPO | Shri Venkatesh Refineries IPO |
|---|
| Issue Open | Sep 30, 2021 | Sep 29, 2021 |
| Issue Close | Oct 04, 2021 | Oct 01, 2021 |
| Basis Of Allotment (Tentative) | Oct 07, 2021 | Oct 06, 2021 |
| Initiation of Refunds (Tentative) | Oct 08, 2021 | Oct 08, 2021 |
| Credit of Share (Tentative) | Oct 11, 2021 | Oct 08, 2021 |
| Listing date (Tentative) | Oct 12, 2021 | Oct 11, 2021 |
Financials & KPIs
Promax Power IPO P/E ratio is , as compared to Shri Venkatesh Refineries IPO P/E ratio of .
Shares Offered
In the Promax Power IPO Retail Individual Investors (RII) are offered 7,60,000 shares while in Shri Venkatesh Refineries IPO retail investors are offered 7,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Promax Power IPO and in Shri Venkatesh Refineries IPO.
| | Promax Power IPO | Shri Venkatesh Refineries IPO |
|---|
| Market Maker Reservation | 80,000 shares | 1,47,000 shares |
| NII | 7,60,000 shares | 13,89,000 shares |
| RII | 7,60,000 shares | 13,92,000 shares |
| Total | 15,20,000 shares | 27,81,000 shares |
Bids Received (Subscription)
Promax Power IPO subscribed 6.89x in total, whereas Shri Venkatesh Refineries IPO subscribed 3.12x.
