Powerful Technologies IPO – Review, Allotment Status, Subscription, Price, Date & more

The company is brand owner of “Lappymaster”“Powereye” brand and is having a basket of products of consumer Electronics and IT products under this brand. The qualities of products and services have helped the company in carving a niche for it, in spite of cut-throat competitive scenario in this industry. Let’s have a detailed review of steel product company and an in-depth analysis of the IPO release date, IPO offer price, Powerful Technologies IPO subscription, Powerful Technologies IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Powerful Technologies IPO Review & Ratings

Powerful Technologies IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.1/10
Industry Ranking 6.3/10
Company Background6.5/10
Company Reputation6.2/10
Competitive Edge6.3/10
Financial Statements6.4/10
Popularity Index6.5/10
Promoters Reputation6.5/10
Retail Appetite 6.7/10
Top Brokers Review6.0/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Powerful Technologies IPO

Powerful Technologies IPOPowerful Technologies Limited is in to Consumer Electronics business, dealing in Manufacturing of LED TV and Power banks. The company is authorised licensee for Polariod LED TV and Kodak Power banks in India. It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 70,000,000 and its paid-up capital is Rs. 67,100,000.  It is involved in Manufacture of non-metallic mineral products NEC. Mr. Aditya Gupta, Mrs. Karuna Chhabra and Mr. Nitin Chhabra are the promoters of the company. The Lead manager to the issue is SARTHI CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to the issue is Bigshare Services Private Limited.

Powerful Technologies Private Limited is a recently developed company. Though the company was started in the year 2015, the growth has been on the steady increase and its status is active. Since the government too is planning to invest in consumer Electronics and IT products and Foreign Direct Investment(FDI) is also involved in IT sector, your decision to buy the shares of this firm would never prove to be a wrong choice.


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Powerful Technologies IPO Date

The opening and the closing date is not known yet.

Powerful Technologies IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

Powerful Technologies IPO Allotment Status

The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.

Powerful Technologies IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is Rs 175 per share.

Powerful Technologies IPO Issue Size

The Issue Size is below Rs 10000 Lakhs and the exact price of the share is not known through the number of equity shares is known.

Powerful Technologies IPO Equity Share Offerings

6,64,000 Equity Shares of Rs 10/- each at an Issue Price of Rs. 175/- each aggregating to Rs 1162.00 Lakh.


Powerful Technologies Limited – Company Overview

Powerful Technologies Limited was formed to focus exclusively on consumer electronics products like LED TVs & mobile power banks and IT hardware products like LED monitors. Company is into manufacturing of LED TV, LED monitors and mobile power banks. Its manufacturing unit was set up in Noida, which has been a hub for IT and consumer electronics products.

Powerful Technologies is successful in its business with that of the competitors due to following reasons-

  • Company follows good manufacturing practices required to conform to the guidelines recommended by their licensing brands that control the authorization and licensing of the products they manufacture and sell in their brand name. They assure that their products are consistently high in quality and durability for their intended use.
  • Company products are available both online and in-store.
  • Company has wide distribution network across India.
  • Sufficient manufacturing capacity.
  • First class customer service is at their core both pre-sales and after sales care.
  • They offer customization to their customers at market leading prices.

Powerful Technologies Ltd – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Assets of the Company

Assets (in INR & Lakhs)

 31-Dec-1731-Mar-1731-Mar-1631-Mar-15
Non-Current Asset42.2732.5724.870.01
Current Assets3228.23216.52974.21.05

Revenue & PAT of the Company

   Revenue and Profit (in lakhs)

 31-Dec-1731-Mar-1731-Mar-16
Revenue4,326.853,561.232,497.23
Profit After Tax297.5240.6518.48


Earnings per Equity Share (in Lakh)

 31-Dec-1731-Mar-1731-Mar-1631-Mar-15
Basic 20.242.94.54-1.69
Diluted 192.94.54-1.69

From the above statements, one could find that the Powerful Technologies  has performed well in the past few years.


Powerful Technologies IPO – Promoters

The Promoter of this company are:Mr. Aditya Gupta, Mr. Nitin Chhabra and Mrs. Karuna Chhabra

The interest of Promoters in the Promotion of the company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in our Company and the dividend declared, if any, by our Company.

The interest of Promoter in the Property of the company

The promoter is not interested in the property of the company ever since the company became a public limited concern. He has not shown any interest in the property of the company.

The interest of Promoter in the Intellectual Rights of the company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Powerful Technologies IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered6,64,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 175/- each aggregating to Rs 1162.00 Lakh
 Of which:
 Reserved for Market Makers 33,600 Equity Shares of Rs 10/- each at an Issue Price of Rs 175/- each aggregating to Rs 58.80 Lakh
 Net Issue to the Public 6,30,400 Equity Shares of Rs 10/- each at an Issue Price of Rs 175/- each aggregating to Rs 1103.20 Lakh
 Of which:
Net Issue to Public3,15,200 Equity Shares of Rs 10/- each at an Issue Price of Rs 175/- per Equity Share will be available for allocation to investors upto Rs.2.00 lakhs

3,15,200 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 175/- per Equity Share will be available for allocation to investors above Rs. 2.00 Lakhs

 Equity Shares outstanding prior to the Issue18,41,429 Equity Shares
 Equity Shares outstanding after the Issue25,05,429 Equity Shares

 


Powerful Technologies IPO Issue Object

These are the IPO Issue Objects of the company

  • Acquisition, Registration, and Stamping of the lands and the charges that are incurred.
  • To generate fund for the working capital of the company
  • To make up for the general corporate expenses of the company
  • To manage the expenses of the issue

These are the main reasons why the IPO is being floated by the company.

Powerful Technologies Limited IPO Allocation:

(a) Minimum fifty percent to retail individual investors; and

(b) remaining to:

(i) individual applicants other than retail individual investors; and

(ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for;

(c) the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.


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Powerful Technologies IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager based on the following qualitative and quantitative factors. The face value of each share is Rs 10 and the price band of the IPO is Rs 175 per share.

Qualitative factors are:

  • Well known licensed Brands in our segments
  • Established and proven track record.
  • Leveraging the experience of our Promoters.
  • Experienced management team and a motivated and efficient work force.
  • Cordial relations with our customers.
  • Quality Assurance & Control.

 

The relevant quantitative factors are-

  • Basic and Diluted Earnings per Share (EPS)
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs 175
  • Return on Net Worth
  • Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
  • Net Asset Value per Equity Share
  • Comparison of Accounting Ratios with Peer Group Companies

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Powerful Technologies IPO Lead Managers

Lead Managers
SARTHI CAPITAL ADVISORS PRIVATE LIMITED

Powerful Technologies IPO Registrar to offer

Registrar to the Offer
Bigshare Services Private Limited.

Powerful Technologies IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.4/106.6/106.0/106.4/106.0/10
Sharekhan6.2/106.1/106.6/106.1/106.2/10
Kotak Securities6.3/106.2/106.3/106.4/106.3/10
ICICI Direct6.3/106.3/106.7/106.1/106.1/10
IIFL6.2/106.2/106.8/106.0/106.1/10
Edelweiss6.2/106.3/106.3/106.3/106.2/10
Zerodha6.3/106.4/106.3/106.3/106.0/10
5Paisa6.1/106.4/106.3/106.1/106.1/10
Karvy6.3/106.3/106.2/106.1/106.0/10
Motilal Oswal6.3/106.4/106.3/106.5/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Powerful Technologies IPO Grey Market Premium

The Powerful Technologies IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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Powerful Technologies IPO News

News 1 – IPO ISSUES OPEN SOON


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