Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Thu, Aug 9, 2018 - Fri, Aug 17, 2018
Powerful Technologies IPO is a fixed price issue of ₹13.55 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹13.55 crore.
Powerful Technologies IPO bidding started from Aug 9, 2018 and ended on Aug 17, 2018. The shares got listed on NSE SME on Aug 28, 2018.
Powerful Technologies IPO price is ₹51 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Finshore Management Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Powerful Technologies IPO RHP for detailed Information.
IPO Open
Thu, Aug 9, 2018
IPO Close
Fri, Aug 17, 2018
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹51.11 Cr
| IPO Date | 9 to 17 Aug, 2018 |
| Listed on | Tue, Aug 28, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 26,56,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,34,000 shares Share India Securities Ltd. (agg. up to ₹0.6834 Cr) |
| Fresh Issue (Ex Market Maker) | 25,22,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 25,22,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 73,65,716 shares |
| Share Holding Post Issue | 1,00,21,716 shares |
| NSE Symbol | POWERFUL |
| ISIN | INE650Z01011 |
Powerful Technologies IPO comprises a total issue size of 26,56,000 shares. The net offer to the public is 25,22,000 shares, after excluding 1,34,000 shares allotted on a firm basis. Of the Net offer 12,60,000 (49.96%) allocated to NII 12,62,000 (50.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,60,000 | 49.96% | 47.44% |
| Retail Shares Offered | 12,62,000 | 50.04% | 47.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,34,000 | 5.05% | |
| Total Shares Offered | 26,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements of the Company | 12.05 |
The Powerful Technologies IPO is subscribed 1.3 times on August 17, 2018 6:00:00 PM (Day 6). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.52 | 12,61,000 | 19,12,000 |
| Retail | 1.09 | 12,61,000 | 13,72,000 |
| Total | 1.3 | 25,22,000 | 32,84,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers and Regulatory Fees & Other Expenses etc. | 0.30 |
| 2 | Marketing expenses, Selling Commission and other expenses | 1.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹48.00 |
| Low | ₹45.60 |
| High | ₹48.00 |
| Last Trade | ₹45.60 |
Lead Manager Reports
Powerful Technologies IPO is a SME IPO of 26,56,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Aug 9, 2018, and closes on Fri, Aug 17, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Powerful Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Powerful Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Powerful Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Powerful Technologies IPO opens on Thu, Aug 9, 2018 and closes on Fri, Aug 17, 2018.
Powerful Technologies IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Powerful Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Aug 28, 2018.
