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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 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.

Powerful Technologies IPO Details

Powerful Technologies IPO Date Aug 9, 2018 to Aug 17, 2018
Powerful Technologies IPO Face Value ₹10 per share
Powerful Technologies IPO Price ₹51 per share
Powerful Technologies IPO Lot Size 2000 Shares
Issue Size2,656,000 shares of ₹10
(aggregating up to ₹13.55 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Powerful Technologies IPO Lot Size

The Powerful Technologies IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount
Minimum 1 2000 ₹102,000
Maximum 1 2000 ₹102,000

Powerful Technologies IPO Review

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...


Powerful Technologies IPO Subscription Status (Bidding Detail)

The Powerful Technologies IPO is subscribed 1.30 times on Aug 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)

CategorySubscription (times)
NII1.52
Retail1.09
Total1.30

Powerful Technologies IPO Prospectus

Powerful Technologies IPO Rating

241
3.9
Rating:Rated 3.9 stars
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Powerful Technologies IPO Listing Date

Listing Date Tuesday, August 28, 2018
BSE Script Code
NSE Symbol POWERFUL
Listing In
ISIN INE650Z01011
IPO Price ₹51 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹51.00
Open: ₹48.00
Low: ₹45.60
High: ₹48.00
Last Trade: ₹45.60

Company Contact Information

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/

Powerful Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Powerful Technologies IPO Review

Powerful Technologies IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Powerful Technologies IPO FAQs

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 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 lot size is 2000 Shares and the minimum order quantity is .

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, Edelweiss, 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.

The Powerful Technologies IPO listing date is on Tuesday, August 28, 2018.
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Powerful Technologies IPO Message Board

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172 Comments

100. Carn Mohan |   Link |Sep 11, 2018 3:42:07 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Share is going to my buy target Rs 15
100.1. Small Investor |   Link |Sep 11, 2018 4:06:16 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
today@ 25
99. Abhishek Shahi |   Link |Sep 11, 2018 10:17:21 AM
Dekhte hai kab tak hota hai ... cover up ki koshish ho rhi hai... but

big loss to investors
98. Sanskarjain |   Link |Sep 10, 2018 3:18:22 PM
Finally,downfall stopped today.. cross-fingered
Pata nahin kab wapas niche girna start ho jaye
97. Carn Mohan |   Link |Sep 9, 2018 3:49:41 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
If goes below Rs 12 than buy immediately 50,% gain possible
96. Pramod.NewInvester |   Link |Sep 7, 2018 12:24:45 PM
Dear Experts,
Is this will go only in downward? Any hope for upward direction?
95. Adp |   Link |Sep 6, 2018 11:53:35 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yeh sala bahot bada chuna laga gaya..
94. GrowYourMoney |   Link |Sep 5, 2018 12:11:13 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Heard Promoter cheated Investors & LM.
Forged Co...
93. Abhishek Shahi |   Link |Sep 4, 2018 5:53:04 PM
Go to Company office .... and ask , what you cooked up.
92. Abhishek Shahi |   Link |Sep 4, 2018 11:47:32 AM
Daily 5% down ... big fault ... no buyer .... shame on Co, advisors, Underwriter
92.1. Sanskarjain |   Link |Sep 4, 2018 12:52:18 PM
When will this downfall be stopped?
92.2. SMELOVER |   Link |Sep 4, 2018 5:04:20 PM
15 rs
91. Analysis |   Link |Aug 31, 2018 6:37:31 PM
It may go to lower level or up it will depend on there performance in nwxt 6 month that is what i am saying. Investors who have applied for listings gain are selling at any price and people will buy it at lower price and they will get good benefits. Investors are into fear of loosing their money they want to sell at any price because of reading the forum or following here and any other site of our discussions.
I am not saying you are wrong and not saying i am right. Just saying that it might be good in future.
#closed
91.1. SMELOVER |   Link |Aug 31, 2018 11:29:16 PM
aisa hi kuch logo ne UHZaveri ke liye bhi kaha tha

sell this stock immediately to avoid future loss.
90. Carn Mohan |   Link |Aug 31, 2018 6:02:15 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
IPO fail ho Gaya tha , company nay retailers Kay liya Dana Dala 2days time badha diya and Chidiya jaaaal may.
89. Analysis |   Link |Aug 30, 2018 11:38:48 AM
It will be good for future low listing is due to negative hype created and investors who were expecting listing gain are selling there share to release their money
89.2. Analysis |   Link |Aug 31, 2018 10:51:22 AM
If company can maintain same growth it will be multi bagger but you have to wait for 6 month to see how they perform
89.3. SMELOVER |   Link |Aug 31, 2018 1:35:07 PM
hahahah

mutibagger nahi multibeggar

no one buy this company products

have you heard anyone buying its product?
check amazon review where its selling. worst reviews.

this stock will be available between 5 to 10 rs in 1 year
88. Abhishek Shahi |   Link |Aug 29, 2018 8:15:39 PM
ye share dubha sakta hai apka paisa .. where the co agents
88.1. SMELOVER |   Link |Aug 30, 2018 11:07:51 AM
Abhishek you were too positive on non panthomath issues

what happened, i hope you aggresively bid for all these companies like powersoft, sumit woods, marshall and supreme engineering
87. Abhishek Shahi |   Link |Aug 29, 2018 8:14:57 PM
today also lower circuit ... i think aur niche ja sakta hai abhi aur
86. SMELOVER |   Link |Aug 29, 2018 6:12:14 PM
Government happy with listing.
SEbi happy with listing.
exhange happy with listing( trade se paise)

company and lead manager very happy to collect money

bechara retail investor company ko paisa deta gaya aur loss karta gaya.

yeh government thinks about company. retailer ke paise company ko dete jao

retailer ke loss se usse kya

khair sirf vote hi batayenge sahi waqt aane par
85. SMELOVER |   Link |Aug 29, 2018 1:26:47 PM
1.6 lakh seller

better to avoid all new ipo sme opened as they willl be available below issue pruce also

Sumit wood at 45 expensive. if reach same valuation as cmm infra then sumit woods fair price comes at 30 rs

Marshall MAchine- saarthi new issue. None of the old recent saarthi issues given return. all available below issue price.

supreme engineering- Midhani is cheaper and debt free. buy that instead of this company which has high debt.

Avoid all 3 new sme
84. TheLearner |   Link |Aug 29, 2018 10:00:15 AM
first stock in which just 2 lots were bought on first day and second day still no trade. hoping buying will come in later part of the day
83. Abhishek Shahi |   Link |Aug 29, 2018 9:55:51 AM
this may go before 30 in some days.
82. Abhishek Shahi |   Link |Aug 28, 2018 4:22:44 PM
it will be small waa solar ... first day 11 % down
82.1. Small Investor |   Link |Aug 28, 2018 4:55:45 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
akshar k bad Powerfull M bhi fansh gya m
82.2. Abhishek Shahi |   Link |Aug 29, 2018 9:54:55 AM
check my comment ... i was saying NO. but people go with the flow
81. IPOANALYSIS |   Link |Aug 24, 2018 5:38:54 PM
Noone will gain on listing.
Very flat listing expected.

same as credit listing
81.7. Vkjain |   Link |Aug 28, 2018 10:13:40 AM
I am an unlucky allottee. Now,what should i do? Shall i hold or sell it at any price?
81.8. Vkjain |   Link |Aug 28, 2018 11:08:08 PM
@ipoanalysis
Sir, what do yu think - should it be hold or should i sell it? May it touch issue Price in upcoming 4-6 months? Please tell you view..