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Powerhouse Fitness IPO is a fixed price issue of ₹7.20 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹7.20 crore.
Powerhouse Fitness IPO bidding started from Sep 29, 2014 and ended on Oct 9, 2014. The shares got listed on BSE SME on Oct 21, 2014.
Powerhouse Fitness IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
First Overseas Capital 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 Artha Vrddhi Securities Ltd..
Refer to Powerhouse Fitness IPO RHP for detailed Information.
| IPO Date | September 29, 2014 to October 9, 2014 |
| Listing Date | October 21, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹7.20 Cr) |
| Reserved for Market Maker | 1,28,000 shares Artha Vrddhi Securities Ltd. (aggregating up to ₹0.3840 Cr) |
| Net Offered to Public | 22,72,000 shares (aggregating up to ₹6.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 69,00,000 shares |
Powerhouse Fitness IPO offers total 24,00,000 shares. Out of which 11,36,000 (47.33%) allocated to NII, 11,36,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,28,000 (5.33%) |
| NII (HNI) Shares Offered | 11,36,000 (47.33%) |
| Retail Shares Offered | 11,36,000 (47.33%) |
| Total Shares Offered | 24,00,000 (100.00%) |
Powerhouse Fitness IPO opens on September 29, 2014, and closes on October 9, 2014.
| IPO Open Date | Mon, Sep 29, 2014 |
| IPO Close Date | Thu, Oct 9, 2014 |
| Tentative Listing Date | Tue, Oct 21, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 9, 2014 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 1.99% |
The Company Powerhouse Fitness IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of Six additional Gyms in Western and Eastern Suburbs in Mumbai | 6.37 |
| 2 | General Corporate Purposes | 0.33 |
| 3 | Public Issue Expenses | 0.50 |
[Dilip Davda] <p>Avoid this exhorbitantly priced SME offer that has entry and trading barriers of minimum investment.</p> <p>(Disclaimer: Author has no plans to invest in this IPO)</p> <p> </p> Read detail review...
| Listing Date | October 21, 2014 |
| BSE Script Code | 538731 |
| NSE Symbol | |
| ISIN | INE982Q01017 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.00 |
| Low | ₹29.00 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Powerhouse Fitness & Realty Ltd.
702, Concord CHS, JVPD Scheme, Plot No. 1,
Near Shiv Sagar Hotel, N.S. Road,
Vile Parle (West),
Mumbai, Maharashtra, 40005
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: https://ipo.bigshareonline.com/IPO_Status.html
Powerhouse Fitness IPO is a SME IPO of 24,00,000 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.
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.
Zerodha customers can apply online in Powerhouse Fitness IPO using UPI as a payment gateway. Zerodha customers can apply in Powerhouse Fitness IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Powerhouse Fitness IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Powerhouse Fitness IPO opens on September 29, 2014 and closes on October 9, 2014.
Powerhouse Fitness IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Powerhouse Fitness 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 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 Tuesday, October 21, 2014.
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