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

September 29, 2014 - October 9, 2014

Powerhouse Fitness IPO is a fixed price issue of Rs 7.20 crores.

Powerhouse Fitness IPO bidding started from September 29, 2014 and ended on October 9, 2014. The shares got listed on BSE SME on October 21, 2014.

Powerhouse Fitness IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

First Overseas Capital Limited is the book running lead manager of the Powerhouse Fitness IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Powerhouse Fitness IPO RHP for detailed information.

Powerhouse Fitness IPO Details

IPO Date September 29, 2014 to October 9, 2014
Listing Date October 21, 2014
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Total Issue Size2,400,000 shares
(aggregating up to ₹7.20 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue4,500,000
Share holding post issue6,900,000
Market Maker portion128,000 shares

Powerhouse Fitness IPO Lot Size

Investors can bid for a minimum of 4000 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 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
Lot Size Calculator

Powerhouse Fitness IPO Promoter Holding

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

Share Holding Pre Issue 100%
Share Holding Post Issue 65.22%

About Powerhouse Fitness and Realty Ltd

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.

Key Performance Indicator

Objects of the Issue (Powerhouse Fitness IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  

Avoid this exhorbitantly priced SME offer that has entry and trading barriers of minimum investment.

(Disclaimer: Author has no plans to invest in this IPO)


Read detail review...

Powerhouse Fitness IPO Prospectus

Powerhouse Fitness IPO Rating

Rating:Rated 3.6 stars
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Powerhouse Fitness IPO Listing Details

Listing Date October 21, 2014
BSE Script Code 538731
NSE Symbol
ISIN INE982Q01017
Final Issue Price ₹30 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Powerhouse Fitness and Realty Ltd Contact Details

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

Powerhouse Fitness IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Powerhouse Fitness IPO - Buy or Not

Powerhouse Fitness IPO Recommendation Summary

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Powerhouse Fitness IPO FAQs

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 is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on September 29, 2014, and closes on October 9, 2014.

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

The Powerhouse Fitness IPO opens on September 29, 2014 and closes on October 9, 2014.

Powerhouse Fitness IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.

You can apply in Powerhouse Fitness 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 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.

The Powerhouse Fitness IPO listing date is on October 21, 2014.
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Powerhouse Fitness IPO Message Board

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2. Dilip Davda |   Link |  Bookmark |September 26, 2014 11:33:29 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
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

Read my IPO Reviews

1. DURAISWAMY |   Link |  Bookmark |September 26, 2014 7:11:28 PM