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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.
| 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 Size | 2,656,000 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. |
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 |
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 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)
| Category | Subscription (times) |
|---|---|
| NII | 1.52 |
| Retail | 1.09 |
| Total | 1.30 |
| 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 |
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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: 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 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.
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