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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 ₹51.00 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). The minimum lot size investment for 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 Date | August 9, 2018 to August 17, 2018 |
| Listing Date | August 28, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,56,000 shares (aggregating up to ₹13.55 Cr) |
| Reserved for Market Maker | 1,34,000 shares Share India Securities Ltd. (aggregating up to ₹0.6834 Cr) |
| Net Offered to Public | 25,22,000 shares (aggregating up to ₹12.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 73,65,716 shares |
| Share Holding Post Issue | 1,00,21,716 shares |
Powerful Technologies IPO offers total 26,56,000 shares. Out of which 12,60,000 (47.44%) allocated to NII, 12,62,000 (47.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,34,000 (5.05%) |
| NII (HNI) Shares Offered | 12,60,000 (47.44%) |
| Retail Shares Offered | 12,62,000 (47.52%) |
| Total Shares Offered | 26,56,000 (100.00%) |
Powerful Technologies IPO opens on August 9, 2018, and closes on August 17, 2018.
| IPO Open Date | Thu, Aug 9, 2018 |
| IPO Close Date | Fri, Aug 17, 2018 |
| Tentative Listing Date | Tue, Aug 28, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 17, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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
| 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.
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | August 28, 2018 |
| BSE Script Code | |
| NSE Symbol | POWERFUL |
| ISIN | INE650Z01011 |
| Final Issue Price | ₹51 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹48.00 |
| Low | ₹45.60 |
| High | ₹48.00 |
| Last Trade | ₹45.60 |
Powerful Technologies Ltd.
G1 Prakash Chamber Ground Floor 6,
Netaji Subash Marg,
Darya Ganj,
New Delhi, 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: https://ipo.bigshareonline.com/IPO_Status.html
Powerful Technologies IPO is a SME IPO of 26,56,000 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.
The IPO opens on August 9, 2018, and closes on August 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 August 9, 2018 and closes on August 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 Tuesday, August 28, 2018.
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