Powerful Tech IPO is set to make its debut on 9th Aug 18 with 13.55 Cr is a company engaged in the business of manufacturing/assembling LED TVs, LED monitors and Power Banks.
Powerful Tech IPO – overview
| IPO Dates | 9-17 Aug 18 |
| IPO Price | INR 51 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,656,000 shares (INR 13.55 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Powerful Tech IPO – Tentative Dates
| IPO Offer Opening Date | 20 Aug 2018 |
| IPO Closing Date | 24 Aug 2018 |
| Finalization of Basis of Allotment | 29 Aug 2018 |
| Initiation of refunds | 30 Aug 2018 |
| Transfer of shares to demat accounts | 31 Aug 2018 |
| IPO Listing Date | 3 Sept 2018 |
Company Overview
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 “Power eye” 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 in Noida. The company has recently delivered the first shipment of mobile adapters to its distributors under the “Power eye” brand.
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.
Objects of the Issue
- To meet the working capital requirements of the Company.
- Issue Expenses.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 3,101.84 | 2,481.81 | 999.07 |
| Total Revenue | 6,262.12 | 3,561.26 | 2,497.25 |
| Profit After Tax | 450.25 | 40.65 | 18.48 |
Company Contact Information
Powerful Technologies Limited
G1 Prakash Chamber Ground Floor 6
Netaji Subash Marg, Darya Ganj
New Delhi- 110002
Phone: +91 11 40071894
Email: Nitin@pcpl.in
Website: http://www.powerfultech.in/
Powerful Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Powerful Technologies IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
