The Powerful Technologies date has been confirmed from August 9, 2018 and ended on August 17, 2018.
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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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 is ₹1.95.
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
Powerful Technologies Limited, situated in Delhi, was founded in 2015. It manufactures and assembles LED TVs, LED monitors, and Power Banks. Powerful Technologies’ devices were initially sold under the brand names “Powereye” and “Lappy Master”. The company also manufactured power banks for other brands. In 2016-17, it received approval from Kodak and Polaroid to manufacture mobile power banks and LED televisions. The company is an authorised licensee for Kodak Power banks, Polaroid LED TVs, and LED monitors in India.
As part of its efforts to sell its items online, the company recently partnered with Appraio Retail Pvt. Ltd, a joint venture between Amazon Asia and the Patni group, as well as Flipkart India Pvt. Ltd. The company’s manufacturing facility is in Noida. The company recently delivered its first shipment of mobile adapters to its distributors under the “Powereye” brand. The company’s payroll includes 73 employees, including contract workers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Powerful Technologies Limited |
| Phone number | +91 11 40071894 |
| Email ID | Nitin@pcpl.in |
| Website | powerfultech.in |
IPO Strenghts
- 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.
