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Powerful Technologies IPO is a fixed price issue of Rs 13.55 crores.
Powerful Technologies IPO bidding started from August 9, 2018 and ended on August 17, 2018. The shares got listed on NSE SME on August 28, 2018.
Powerful Technologies IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Finshore Management Services Limited is the book running lead manager of the Powerful Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Powerful Technologies IPO RHP for detailed information.
| IPO Date | August 9, 2018 to August 17, 2018 |
| Listing Date | August 28, 2018 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,656,000 shares (aggregating up to ₹13.55 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 134,000 shares |
Powerful Technologies IPO offers 2,656,000 shares. 1,261,000 (47.48%) to NII, 1,261,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 134,000 (5.05%) |
| Other Shares Offered | 1,261,000 (47.48%) |
| Retail Shares Offered | 1,261,000 (47.48%) |
| Total Shares Offered | 2,656,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
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
| 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) | ||
The objects of the Issue are:
1. To meet the working capital requirements of the Company;
2. Issue Expenses.
[Dilip Davda]
While management has clarified that due to many product launch in concluded fiscal, it has posted higher turnover and net profits, its happening in the year just before IPO raises concerns. Will it be able to sustain such margins going forward in the highly competitive and cheap Chinese products dumping, is a million dollar question. With no change in financial data for FY16 to FY18 how the new LM found higher valuation compared to the previous LM it perhaps a matter of ddiscussion. Although issue pricing appears reasonable, sustainability of bottom line in highly competitive segment remains major concern. In light of these, risk savvy investors may consider investment at their own risk.
Read detail review...The Powerful Technologies IPO is subscribed 1.30 times on August 17, 2018 6:00:00 PM. The public issue subscribed 1.09 times in the retail category, times in the QIB category, and 1.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.52 |
| Retail | 1.09 |
| Total | 1.30 |
| Listing Date | August 28, 2018 |
| BSE Script Code | |
| NSE Symbol | POWERFUL |
| ISIN | INE650Z01011 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹51.00 |
| ₹48.00 |
| ₹45.60 |
| ₹48.00 |
| ₹45.60 |
Powerful Technologies Limited
G1 Prakash Chamber Ground Floor 6
Netaji Subash Marg, Darya Ganj
New Delhi- 110002
Phone: +91 11 40071894
Email: Nitin@pcpl.in
Website: http://www.powerfultech.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Powerful Technologies IPO is a SME IPO of 2,656,000 equity shares of the face value of ₹10 aggregating up to ₹13.55 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on August 9, 2018, and closes on August 17, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Powerful Technologies IPO opens on August 9, 2018 and closes on August 17, 2018.
Powerful Technologies IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Powerful Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Powerful Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Powerful Technologies IPO allotment status.
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