Powerful Technologies Limited IPO (Powerful Technologies IPO) Detail

Powerful Technologies Limited IPO

Powerful Technologies Limited IPO (Powerful Technologies IPO) Detail

ABOUT THE COMPANY:

 Powerful Technologies Limited was incorporated in February 2015 by Mrs. Karuna Chhabra and Mr. Aditya Gupta as their initial subscribers and promoters. The company was formed to focus exclusively on consumer electronics products like LED TVs & Mobile Power Banks and IT hardware products like LED monitors.Company is equipped with a good infrastructure facility, constituted with advance technologies and skilled professionals to manufacture the latest line of LED TVs and mobile power banks.

The Powerful Technologies Limited is certified as ISO 9001:2008 (Quality Management) and SA 8000:2008 (Social Accountability) for & LED TVs and mobile power bank

The Powerful Technologies Limited is into manufacturing of LED TV, LED Monitors and Mobile Power Banks and has a manufacturing unit in Noida.The Powerful Technologies Limited.started off by selling their Mobile Power Banks products under brand names “Powereye and “Lappy Master” and also used to make power banks for other brands.In 2016-17, they got approval from American brands Kodak and Polaroid to manufacturer LED TVs along with Mobile Power Banks. company has been to sell their products online. With the recent tie-up of the company with Appraio Retail Pvt. Ltd, a JV of Amazon Asia and Patni group as also with Flipkart India Pvt. Ltd.

The company has 73 employees including contractual employees on its payroll.

Positives for the Company:

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

Promoters And Management:

  1. Mr. Aditya Gupta (Designation: Managing Director)
  2. Mrs. Karuna Chhabra (Designation: Non-Executive Director)
  3. Mr, Nitin Chhabra (Designation: Executive Director)

Financials of Powerful Technologies Limited:

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)

Objects of the Issue:

The objects of the Issue are:
1. To meet the working capital requirements of the Company;
2. Issue Expenses.

IPO Details:

Details Info
Issue Opens on 9th August 2018
Issue Closes on:. 14th August 2018
Issue Price Rs.51
Face Value Rs.10
Minimum Lot 2000 shares
Minimum Investment Rs.1,02,000
Issue Constitutes 26.5%
Issue Size Rs.13.54 cr
Market Cap Rs.51.11 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 26,56,000
Equity Shares Prior to the Issue 73,65,716
Equity Shares after the Issue 1,00,21,716

IPO Allotment Status:

CLICK HERE

Company Contact Information:

Powerful Technologies Limited
G1 Prakash Chamber Ground Floor 6
Netaji Subash Marg, Darya Ganj
New Delhi- 110002
Phone: +91 11 40071894
Fax:
Email: Nitin@pcpl.in
Website: http://www.powerfultech.in/

Powerful Technologies IPO Registrar:

Bigshare Services Pvt. Ltd
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Powerful Technologies IPO Lead Manager:

Finshore Management Services Limited
Anandlok, Block-A, 2 nd Floor, Room No. 207,
227 A.J.C. Bose Road,
Kolkata-700020, India

Website:  http://www.finshoregroup.com
Email:  ramakrishna@finshoregroup.com
Phone: +91-33-22895101
Fax: +91-33-22895101

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