Powerhouse Fitness and Realty Ltd IPO (Powerhouse Fitness IPO) Detail

Sep 29, 2014 - Oct 9, 2014

Powerhouse Fitness and Realty Ltd (PFRL) is a fitness chain operating in Mumbai and also have the presence in Surat and Jaipur through franchise. PFRL operates Gyms under the brand “Powerhouse Gyms” which is owned by Powerhouse Gyms International headquartered in Detroit, USA.

Its Gyms are state of the art facilities with services including gyms, steam, aerobics and diet counseling amongst others. The first gym was established in May 1999, as “Q’s Fitness Studio” a proprietary firm as its sole proprietor at Santacruz West, Mumbai. After the success of the Santacruz centre another centre was set up at Vile Parle, Mumbai in October 2004. “Q’s Fitness Studio” has signed a Master Licensing Agreement dated March 21, 2005 with Powerhouse Licensing LLC, which provides PFRL with the exclusive right to set up and operate Powerhouse Gyms and to use and license of the Powerhouse Gyms and the associated trademarks in the gyms in India, Nepal, Bangladesh and Sri Lanka set up and run Powerhouse gyms in India, Sri Lanka, Nepal, Bangladesh and Maldives. The first Powerhouse fitness centre in India was set up in November 2005 at at Juhu (Mumbai). The centres at Santacruz and Vile Parle were converted to Powerhouse.

Currently, PFRL 12 Powerhouse Gyms in Mumbai located at Juhu, Vile Parle, Chembur, Ghatkopar, Mulund(W), Chowpatty, Prabhadevi, Andheri(E), 4 Bunglows, Malad (W), Mumbai Central and Colaba. It also operates 13 fitness centres in Mumbai and three franchisees in Santacruz (Mumbai), Surat and Jaipur. The company has also entered into a leave and license agreement for the opening of Gym in Thakur Complex, Kandivali (East) and interior work has commenced. As on date PFRL has approximately 9000 members in all our gyms including our franchisees.

Company Promoters:

The promoters of the company are Mr. Akshat Gupta, Mr. Ankush Gupta and Mrs. Sushma Gupta.

Objects of the Issue:

The issue is being made to raise the funds for the following purposes:

1. Setting up of Six additional Gyms in Western and Eastern Suburbs in Mumbai
2. General Corporate Purposes
3. Meeting Public Issue Expenses

Powerhouse Fitness IPO Details

IPO DateSep 29, 2014 - Oct 9, 2014
Issue TypeFixed Price Issue IPO
Issue Size2,400,000 Eq Shares of ₹10
(aggregating up to ₹7.20 Cr)
Face Value₹10 Per Equity Share
IPO Price₹30 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Powerhouse Fitness IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹120,000
Maximum14000₹120,000

Powerhouse Fitness IPO Prospectus

Powerhouse Fitness IPO Rating

17
3.6
Rating:Rated 3.6 stars

Vote Here ...

Powerhouse Fitness IPO Listing Date

Listing DateTuesday, October 21, 2014
BSE Script Code538731
NSE Symbol
Listing InMT
ISININE982Q01017
IPO Price₹30 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹30.00
₹30.00
₹29.00
₹31.50
₹31.50
44,000

Powerhouse Fitness IPO Reviews / Ratings

Company Contact Information

Powerhouse Fitness and Realty Ltd
702, Concord CHS, JVPD Scheme, Plot No. 1,
Near Shiv Sagar Hotel, N.S. Road,
Vile Parle (West), Mumbai – 400 056

Phone: +91 22 2671 4225
Email: info@powerhousegymindia.com
Website: http://powerhousegymindia.co.in/

Powerhouse Fitness IPO Registrar

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

Powerhouse Fitness IPO FAQs

  1. 1. What is Powerhouse Fitness IPO?

    Powerhouse Fitness IPO is a SME IPO of 2,400,000 equity shares of the face value of ₹10 aggregating up to ₹7.20 Crores.

    The issue price of the IPO is ₹30 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Sep 29, 2014 and closes on Oct 9, 2014.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Powerhouse Fitness IPO will open?

    The Powerhouse Fitness IPO opens on Sep 29, 2014 and closes on Oct 9, 2014.

  3. 3. How to apply for Powerhouse Fitness IPO?

    Powerhouse Fitness 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.

  4. 4. When Powerhouse Fitness IPO allotment?

    The finalization of Basis of Allotment for Powerhouse Fitness IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Powerhouse Fitness IPO allotment status.

  5. 5. When is Powerhouse Fitness IPO listing date?

    The Powerhouse Fitness IPO listing date is on Tuesday, October 21, 2014, at BSE SME.
  6. 6. What is the lot size of Powerhouse Fitness IPO?

    Powerhouse Fitness IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Powerhouse Fitness IPO Review / Comments

Dilip Davda
2. Dilip Davda  Sep 26, 2014 23:33
Spat of SME IPOs on 29.09.14. Dhabriya POly, Vibrant Global, PowerhoFitness, Starlit Power opens on 29.09.14. Debt offer from Muthoottu Mini and SREI Infra too opens on 29.09.14 and ADCC Info SME IPO opens on 30.09.14

Thus in first two days of coming week has seven primary market offers.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

DURAISWAMY
1. DURAISWAMY  Sep 26, 2014 19:11
ENCASH ENTERTAINMENT LISTS ON 29-09-2014 THE MONDAY







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App