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
The Promoters of the Company are Aditya Gupta, Nitin Chhabra, and Karuna Chhabra.
| 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.
| IPO Date | Aug 9, 2018 - Aug 17, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,656,000 Eq Shares of ₹10 (aggregating up to ₹13.55 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹51 Per Equity Share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102,000 |
| Maximum | 1 | 2000 | ₹102,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 1,261,000 | 1,261,000 | 2,522,000 |
Aug 17, 2018 18:00 | 1.52x | 1.09x | 1.30x |
| Listing Date | Tuesday, August 28, 2018 |
| BSE Script Code | |
| NSE Symbol | POWERFUL |
| Listing In | |
| ISIN | INE650Z01011 |
| IPO Price | ₹51 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 price of the IPO is ₹51 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Aug 9, 2018 and closes on Aug 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 Aug 9, 2018 and closes on Aug 17, 2018.
Powerful Technologies IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Powerful Technologies IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
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