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Powerful Technologies Limited IPO (Powerful Technologies IPO) Detail

Aug 9, 2018 - Aug 17, 2018

Incorporated in 2015, Delhi based Powerful Technologies Limited is a company engaged in the business of manufacturing/assembling LED TVs, LED monitors and Power Banks.

Powerful Technologies, initially sold its products under the brand names of "Powereye" and "Lappy Master". The company also used to make power banks for other brands.

In the year 2016-17, it got approval from Kodak and Polaroid to manufacturer mobile power banks and LED TVs respectively. The company is an authorized licensee for Kodak Power banks and Polaroid LED TVs and LED
Monitors in India.

As part of its focus to sell its products online, the company has recently tied-up with Appraio Retail Pvt. Ltd, a JV of Amazon Asia and Patni group as also with Flipkart India Pvt. Ltd.

The company's manufacturing unit is located at Noida. The company has recently delivered the first shipment of mobile adapters to its distributors under "Powereye" brand.

The company has 73 employees including contractual employees on its payroll.

Competitive strengths of the company-

1. License rights with reputed global brands like Polaroid for India, Nepal, and Bangladesh and with Kodak for India.
2. Ownership of brand names "Powereye" and "Lappy Master"
3. Wide distribution network

Company Promoters:

The Promoters of the Company are Aditya Gupta, Nitin Chhabra, and Karuna Chhabra.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 3,101.84 2,481.81 999.07 1.06
Total Revenue 6,262.12 3,561.26 2,497.25 --
Profit After Tax 450.25 40.65 18.48 (0.11)

Objects of the Issue:

The objects of the Issue are:
1. To meet the working capital requirements of the Company;
2. Issue Expenses.

Issue Detail:

  »»  Issue Open: Aug 9, 2018 - Aug 17, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,656,000 Equity Shares of Rs 10 aggregating up to Rs 13.55 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 51 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

Powerful Technologies IPO Reviews / Recommendations:

Dilip Davda - Other

 

Powerful Technologies IPO Subscription Status / Live Bidding Status

This section is moved. Please click 'Subscription (Live)' tab on top of the page.

 

Powerful Technologies IPO Prospectus

Powerful Technologies IPO Rating

241
3.9
Rating:Rated 3.9 stars

Vote Here ...

Powerful Technologies IPO News Alerts

  1. Friday, August 17, 2018 12:00:00 AM
    Powerful Technologies IPO Closes on Aug 17, 2018
  2. Thursday, August 9, 2018 12:00:00 AM
    Powerful Technologies IPO Opens on Aug 9, 2018

Company Contact Information

Powerful Technologies Limited
G1 Prakash Chamber Ground Floor 6
Netaji Subash Marg, Darya Ganj
New Delhi- 110002
Phone: +91 11 40071894
Fax:
Email: Nitin@pcpl.in
Website: http://www.powerfultech.in/

Powerful Technologies IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Powerful Technologies IPO Lead Manager(s)

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Powerful Technologies IPO Review / Comments

avatar
72. VIE  Aug 17, 2018 16:35 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
one more sme ipo sail though after extension of issue date.
avatar
71. Small Investor  Aug 17, 2018 13:52 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
apply 1 lot today
avatar
70. Abhishek Shahi  Aug 16, 2018 14:45 I Like It. | Report Abuse Reply
Application withdraw ho rhi hai ....
avatar
70.1. VIE  Aug 16, 2018 20:26 I Like It. 3 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
ya u can cancel ur application
avatar
69. VIE  Aug 16, 2018 12:42 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Finally powerful tech. made powerful effort to cross the subscription figure to more than 1. 😀😀😀
avatar
69.1. Abhishek Shahi  Aug 16, 2018 13:15 I Like It. | Report Abuse
HAHA ... VO BHI CORPORATE CATEGORY ME ... DIKH RHA HAI KAISE LAGAYA HOGA
avatar
68. Abhishek Shahi  Aug 16, 2018 11:10 I Like It. | Report Abuse Reply
ABHI TAK JO BHI SBSCRIPTION HAI VO BHI CLOSE CIRCLE KA HI HOGA
avatar
67. IPOANALYSIS  Aug 16, 2018 09:50 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Retailer have cancelled application.also many application in between are fake and from relatives and friends. company want to get some bakras to apply in this issues. Remember if issue get subscribed 80 pc LM can put in forceful application as still they will have 80 pc of money
avatar
66. Abhishek Shahi  Aug 15, 2018 14:56 I Like It. | Report Abuse Reply
Powerful ki ppower nikal gyi ... only ful rah gya
avatar
65. Carn Mohan  Aug 14, 2018 21:46 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Applied 2 applications and withdraw all 2 today, if price reduse 42 than only apply.
avatar
64. Abhishek Shahi  Aug 14, 2018 17:16 I Like It. | Report Abuse Reply
iSSUE EXTENDED FOR NON SUBSCRIPTION
avatar
64.1. Dilip Davda  Aug 14, 2018 20:43 I Like It. 1 | Report Abuse
Issue extended till 17th August 2018

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

avatar
63. Abhishek Shahi  Aug 14, 2018 18:18 I Like It. | Report Abuse Reply
This message has been removed by a moderator.
avatar
63.1. VIE  Aug 14, 2018 18:44 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
21 TO 30 AUG 2018
avatar
62. VIE  Aug 14, 2018 18:14 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
POWEFUL SME IPO KI SUBSCRIPTION RATE DEKH KAR HE LAGTA HE ADD SHOP NE APNE IPO KA 10 DIN KA TIME RAKHA HE.

LOL
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61. Abhishek Shahi  Aug 14, 2018 16:59 I Like It. | Report Abuse Reply
As on 14-Aug-2018 16:55:00 IST
Cumulative Demand (no. of shares in lakhs)      
Bid Price (Rs.)
Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.

Total Issue Size      2656000
Total Bids Received      1928000
Total Bids Received at Cut-off Price      -
No. of times issue is subscribed      0.73
avatar
60. Abhishek Shahi  Aug 14, 2018 15:25 I Like It. | Report Abuse Reply
lagta hai extend hoga ye toh ya cancel hoga
avatar
59. Abhishek Shahi  Aug 14, 2018 15:08 I Like It. | Report Abuse Reply
@IPO analysis ... Issue extend ho rha hai ????
avatar
58. Abhishek Shahi  Aug 14, 2018 14:45 I Like It. 1 | Report Abuse Reply
From Public Response point of view ... response is not good....

Reponse from close circle is good in the issue
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57. IPOANALYSIS  Aug 14, 2018 12:21 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Hahahaha. Hope this follows salesbhai and cancel the issue or extend date
avatar
57.1. Small Investor  Aug 14, 2018 14:11 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
mera plan tha is stock m apply krna ka but ab subscription responces dekhkr plan cancel kr diyah
avatar
56. Abhishek Shahi  Aug 14, 2018 11:18 I Like It. | Report Abuse Reply
all application till date from known circle only....
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55. IPOANALYSIS  Aug 13, 2018 23:11 I Like It. 5 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Negative cash flow, huge debt, inventory pile up increase ,bad reviews of product . Cooked up financial shown clearly evident from the financial. With so many issue it is clear avoid.
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55.1. S Patel  Aug 14, 2018 08:43 I Like It. 1 | Report Abuse
Yes it is clear avoid ... nothing to gain.. more to loose..
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54. IPOANALYSIS  Aug 13, 2018 15:48 I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
There is hardly any sale as reviews are too low on website, go check urself.
even few reviews and most of them are bad.

Clear avoid.


12 May 2017
Verified Purchase
Very bad quality .sound was pathetic (not sufficient even for small room). scratches on screen . Packing was not proper.worst product ever seen. Please never buy it
avatar
53. IPOANALYSIS  Aug 13, 2018 15:43 I Like It. 3 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)

Clear avoid . the reviews in website is pathetic for Polaroid LED TV.

Jab brand ka review hi down hai how come they have any future growth prospects.
dont risk your money in this company.
It will be easily available below issue price on listing day

AVOID

When I first bought this tele, I thought I had made a great, cheap purchase. Only took me an hour to realize I was wrong: it freezes, crashes, the volume cuts out, the picture messes up... These things happen at random times about 3 times a week when myself and my wife are watching something. We've recently started using a usb for recording to watch later; we daren't press fast forward through adverts as this causes the whole thing to crash with the remote non responsive!!
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