|
|
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.
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 Date | Sep 29, 2014 to Oct 9, 2014 |
| Powerhouse Fitness IPO Face Value | ₹10 per share |
| Powerhouse Fitness IPO Price | ₹30 per share |
| Powerhouse Fitness IPO Lot Size | 4000 Shares |
| Issue Size | 2,400,000 shares of ₹10 (aggregating up to ₹7.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are Mr. Akshat Gupta, Mr. Ankush Gupta and Mrs. Sushma Gupta. |
The Powerhouse Fitness IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
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...
| Listing Date | Tuesday, October 21, 2014 |
| BSE Script Code | 538731 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE982Q01017 |
| IPO Price | ₹30 per share |
| Face Value | ₹10 per share |
|
|
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 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.
The Powerhouse Fitness IPO opens on Sep 29, 2014 and closes on Oct 9, 2014.
Powerhouse Fitness IPO lot size is 4000 Shares and the minimum order quantity is .
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, Edelweiss, 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.
Useful Articles
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
Thus in first two days of coming week has seven primary market offers.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews