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|
|Top Brokers Review||6.0/10|
Summary of Powerful Technologies IPO
Powerful 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
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)
Revenue & PAT of the Company
Revenue and Profit (in lakhs)
|Profit After Tax||297.52||40.65||18.48|
Earnings per Equity Share (in Lakh)
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 Offered||6,64,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 175/- each aggregating to Rs 1162.00 Lakh|
|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|
|Net Issue to Public||3,15,200 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 Issue||18,41,429 Equity Shares|
|Equity Shares outstanding after the Issue||25,05,429 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
|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 Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promters Reputation|
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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|Asset Class||ROI (Rs.)||Profit (Rs.)||Profit (%)|
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Powerful Technologies IPO News
News 1 – IPO ISSUES OPEN SOON
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