Powerful Technologies IPO – Review, Allotment , Subscription, GMP Price & Date

Powerful Technologies IPO consists of 26,56,000 equity shares, of face value of Rs. 10 for cash at a price of Rs. 51 per equity share aggregating to Rs. 1354.56 lakhs. The Company is into manufacturing of LED TV, LED monitors and mobile power banks.

Let’s have a detailed review of the 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
Criteria Ratings
Industry Sentiments  6.1/10
Industry Ranking  6.3/10
Company Background 6.5/10
Company Reputation 6.2/10
Competitive Edge 6.3/10
Financial Statements 6.4/10
Popularity Index 6.5/10
Promoters Reputation 6.5/10
Retail Appetite  6.7/10
Top Brokers Review 6.0/10
Overall Ratings  6.3/10
Star Ratings ★★★☆☆

Summary of Powerful Technologies IPO

Powerful Technologies IPOCompany was promoted as an independent manufacturing unit after the initial success of our promoter’s business enterprise Pioneer Computronix Private Limited in 2011, predominantly a trading company, dealing IT products and computer peripherals like key boards, mouse, power supply, mother boards, batteries etc.

The Public Issue of 26,56,000 equity shares of face value of Rs. 10/- each fully paid up of Powerful Technologies Ltd (the “Company” or the “Issuer”) for cash at a price of Rs. 51/- per equity share (the “issue price”) (including a share premium of Rs. 41/- per equity share aggregating to Rs. 1354.56 lakhs (the “issue”) by the company, of which 1,34,000 equity shares of face value of Rs. 10/- each fully paid up will be reserved for subscription by market maker to the issue (“Market Maker reservation portion”). The issue less the market maker reservation portion i.e. issue of 25,22,000 equity shares of face value of Rs. 10/- each fully paid up is hereinafter referred to as the “Net Issue”. The issue and the net issue will constitute 26.50% and 25.17% respectively of the post issue paid up equity share capital of the Company.

Mr. Aditya Gupta, Mrs. Karuna Chhabra and Mr. Nitin Chhabra are the promoters of the company. The Lead manager to the issue is Finshore Management Services Limited and the Registrar to the issue is Big Share Services Private Limited.


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Powerful Technologies IPO Date

The opening and the closing date is from Aug 9, 2018 – Aug 14, 2018.

Powerful Technologies IPO Subscription

  Subscription
Day 1 – Aug 9, 2018 0.342x
850000
Day 2 – Aug 10, 2018 0.42x
Day 3 – Aug 13, 2018 0.56x
Day 4 – Aug 14, 2018 0.77x
Day 5 – Aug 16, 2018 32,84,000

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 the Equity Shares is Rs. 10/- per share and the Issue Price is 5.10 times of the face value i.e.
Rs. 51/- per share.

Powerful Technologies IPO Issue Size

The Public Issue of 26,56,000 equity shares of face value of Rs. 10/- each, for cash at a price of Rs. 51/- per equity share, (including a share premium of Rs. 41/- per equity share aggregating to Rs. 1354.56 lakhs.



Powerful Technologies Limited – Company Overview

The Company manufactures/assembles LED TVs, LED monitors and Power Banks under “Made in India” concept with an aim to turn the country into a global manufacturing hub with world class technology, nominal cost and excellence service. With this venture, our promoters moved from virtual manufacturing in their earlier company to actual manufacturing currently.

Their DTR (Direct to Retailer) project will create big offline direct sales channel for the existing products by
avoiding unhealthy competition, giving more margins to retailers by eliminating the in between chains thereby
creating more interest of the retailers to sell  products.

ACPL already has their dealers/retailers network in place for their products, which can be further strengthened with the products being attached, as retailers will be getting a complete basket of feature phones, smart phones, etc.

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:

FINANCIAL SUMMARY: (in INR & 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 Expense 5,639.98 3,500.19 2,461.94 0.12
Total Revenue 6,262.12 3,561.26 2,497.25 NA
Profit After Tax 622.14 61.08 27.23 -0.12

Earnings per Equity Share (in Lakh)

  31-Mar-17 31-Mar-17 31-Mar-16 31-Mar-15
Basic  7.32 0.73 1.14 (0.42)
Diluted  7.32 0.73 1.14 (0.42)

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 26,56,000 Equity Shares of face value of Rs. 10/- each fully paid-up of the Company for cash at issue price of Rs. 51/- per Equity Share aggregating Rs. 1354.56 Lakh
 Of which:
 Reserved for Market Makers 1,34,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 51/- per Equity Share aggregating Rs. 68.34 Lakhs.
 Net Issue to the Public 25,22,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 51/- per Equity Share aggregating Rs. 1286.22 Lakhs.
 Of which:
Net Issue to Public 12,62,000Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 51/- per Equity Share will be available for allocation to investors up to Rs. 2.00 Lakhs

12,60,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 51/- per Equity Share will be available for allocation to investors above Rs. 2.00 Lakhs

 Equity Shares outstanding prior to the Issue 73,65,716 Equity Shares
 Equity Shares outstanding after the Issue 1,00,21,716 Equity Shares

 


Powerful Technologies IPO Issue Object

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


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Aakash Exploration Services IPO IRCTC IPO  Rail Vikas Nigam IPO KIMS Hospitals IPO

Powerful Technologies IPO – Basis of the Offer Price

The face value of the Equity Share of our Company is Rs. 10/- and Issue Price is 5.10 times the face value. The Issue Price of Rs. 51/- per Equity Share has been determined by the Company.

Qualitative factors are:

  • Some of the qualitative factors, which form the basis for computing the price, 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 & Diluted EPS RONW NAV (Rs.)
31-Mar-16 1.14 16.16 NA
31-Mar-17 0.73 25.40 NA
31-Mar-18 7.32 35.73 17.11
  • Comparison of Accounting Ratios with Peer Group Companies – There are no listed companies in India which are solely engaged in same type of business.
  • P/E ratio based on Basic EPS for FY 2017-18 is 6.97 and the P/E ratio based on Weighted Average EPS is 12.47.

Other Details

  • STATUTORY AND PEER REVIEW AUDITORS – RPMD & ASSOCIATES
  • CHIEF FINANCIAL OFFICER –  PALLAVI SHARMA
  • LEGAL ADVISOR TO THE ISSUE – J MUKHERJEE & ASSOCIATES 
  • ADVISOR TO THE COMPANY – APPARENT ADVISORS LLP

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Powerful Technologies IPO Lead Managers

Lead Managers
Finshore Management Services Limited
Anandlok, Block-A, 2nd Floor, Room No. 207,
227 A.J.C. Bose Road, Kolkata-700020, West B
Telephone: +91-33-22895101
Facsimile: +91-33-22895101
Email:
Investor grievance email:
Contact Person: Mr. S. Ramakrishna Iyengar
Website: www.finshoregroup.com

Powerful Technologies IPO Registrar to offer

Registrar to the Offer
Big Share Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059, Maharashtra, India
Tel: +91 22 62638200 , Fax: +91 22 62638299
E-mail:
Contact Person: Mr. Ashok Shetty
Website: www. bigshareonline.com

Powerful Technologies IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promters Reputation
Angel Broking 6.4/10 6.6/10 6.0/10 6.4/10 6.0/10
Sharekhan 6.2/10 6.1/10 6.6/10 6.1/10 6.2/10
Kotak Securities 6.3/10 6.2/10 6.3/10 6.4/10 6.3/10
ICICI Direct 6.3/10 6.3/10 6.7/10 6.1/10 6.1/10
IIFL 6.2/10 6.2/10 6.8/10 6.0/10 6.1/10
Edelweiss 6.2/10 6.3/10 6.3/10 6.3/10 6.2/10
Zerodha 6.3/10 6.4/10 6.3/10 6.3/10 6.0/10
5Paisa 6.1/10 6.4/10 6.3/10 6.1/10 6.1/10
Karvy 6.3/10 6.3/10 6.2/10 6.1/10 6.0/10
Motilal Oswal 6.3/10 6.4/10 6.3/10 6.5/10 6.4/10

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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