The Powerful Technologies IPO GMP date has been confirmed from August 9, 2018 and ended on August 17, 2018. Read the post to learn about Powerful Technologies IPO GMP.
Powerful Technologies Developers IPO is a fixed price issue of Rs 13.55 crores. The price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
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Key Details Of Powerful Technologies IPO:
Bidding Dates
August 9-17
Price Range
₹51 per share
Face Value
₹10 per share
GMP
₹1.95
Powerful Technologies IPO GMP
The Powerful Technologies IPO GMP Today is ₹1.95.
Powerful Technologies IPO Overview
The Powerful Technologies IPO is a fixed-price offering of Rs 13.55 crore. Powerful Technologies’ IPO bidding began on August 9, 2018 and finished on August 17, 2018. The shares were floated on the NSE SME on August 28, 2018. Powerful Technologies’ IPO price is ₹51 per share. The minimum lot size for an application is 2000 shares. The minimum investment for retail investors is ₹102,000.
The Powerful Technologies IPO allotment is expected to be completed on Thursday, January 4, 2024. The IPO of Powerful Technologies will be listed on the NSE SME on Monday, January 8, 2024. The organisation has a main office in New Delhi and a regional office in Chennai, and it provides services throughout Tamil Nadu, Kerala, Karnataka, Bihar, and Rajasthan. The company employs 142 people in total.
Competitive strengths of the company
- License rights with reputed global brands like Polaroid for India, Nepal, and Bangladesh and with Kodak for India.
- Ownership of brand names “Powereye” and “Lappy Master”
- Wide distribution network
Powerful Technologies IPO Details
| IPO Date | August 9, 2018 to August 17, 2018 |
| Listing Date | August 28, 2018 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,656,000 shares (aggregating up to ₹13.55 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 134,000 shares |
Powerful Technologies Company Financials
| 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) | ||
Powerful Technologies IPO Listing Details
| Listing Date | August 28, 2018 |
| BSE Script Code | |
| NSE Symbol | POWERFUL |
| ISIN | INE650Z01011 |
| Final Issue Price | ₹51 per share |
Company Profile
Important Technologies Limited, positioned in Delhi, was innovated in 2015. It manufactures and assembles LED TVs, LED observers, and Power Banks. important Technologies’ bias were originally vended under the brand names” Powereye” and” Lappy Master”. The company also manufactured power banks for other brands. In 2016- 17, it entered blessing from Kodak and Polaroid to manufacture mobile power banks and LED boxes. The company is an authorised designee for Kodak Power banks, Polaroid LED TVs, and LED observers in India.
As part of its sweats to sell its particulars online, the company recently partnered with Appraio RetailPvt. Ltd, a common adventure between Amazon Asia and the Patni group, as well as Flipkart IndiaPvt. Ltd. The company’s manufacturing installation is in Noida. The company recently delivered its first cargo of mobile accessories to its distributors under the” Powereye” brand. The company’s payroll includes 73 workers, including contract workers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Powerful Technologies Limited |
| Phone number | +91 11 40071894 |
| Email ID | [email protected] |
| Website | powerfultech.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Powerful Technologies IPO FAQs
When Powerful Technologies IPO will open?
The Powerful Technologies IPO opens on August 9, 2018 and closes on August 17, 2018.
What is the lot size of Powerful Technologies IPO?
Powerful Technologies IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
When is Powerful Technologies IPO allotment?
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 [.].
When is Powerful Technologies IPO listing date?
The Powerful Technologies IPO listing date is on August 28, 2018.
