Business description – Powerful Technologies is into production of LED TV, LED monitors and mobile power banks. The company’s first shipment for mobile adapter has recently been delivered to its distributors under “Powereye” brand. Initially, the company started selling its products under “Powereye” and “Lappy Master” brands and also used to make power banks for other brands. After getting approval from American brands Kodak and Polaroid in year 2016-17 to manufacturer mobile power banks and LED TVs respectively, the company scaled up its volumes over last one year from these brands. The company is authorized licensee for Polariod LED TVs and LED Monitors and Kodak Power banks in India.
The company also trades in mobile power banks and LED TVs as and when demand is more than supply. Apart from a broad offline distribution network throughout the nation, the company also sells its 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, Powerful Technologies is taking steps to grow its business in this area.
Promoters of Powerful Technologies – Mr Aditya Gupta, Mrs Karuna Chhabra and Mr Nitin Chhabra
| Powerful Technologies IPO details | |
| Subscription Dates | 9 – 17 August 2018 |
| IPO Price band | INR51 per share |
| Fresh issue | 2,656,000 shares (INR13.55 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,656,000 shares (INR13.55 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR12.05 crore
- Issue expenses – INR1.50 crore
| Powerful Technologies’ financial performance (in INR crore) | ||||||
| FY2015 | FY2016 | FY2017 | FY2018 | |||
| Total revenue | 0.0 | 25.0 | 35.6 | 62.6 | ||
| Total expenses | 0.1 | 24.6 | 35.0 | 56.4 | ||
| Profit after tax | -0.1 | 0.2 | 0.4 | 4.5 | ||
Powerful Technologies’ Contact Details
Powerful Technologies Limited
A-181, Sector – 63
Gautam Buddha Nagar
Noida 201301
Phone: +91 11 40071894
Email: [email protected]
Website: www.powerfultech.in
Powerful Technologies IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.32 |
| Day 2 |
0.39 |
| Day 3 |
0.53 |
| Day 4 |
0.73 |
| Day 5 | 1.05 |
| Day 6 | 1.24 |
Powerful Technologies Valuation (For latest FY)
Earnings Per Share (EPS): INR7.32
Price/Earnings (P/E) ratio: 6.97
Return on Net Worth (RONW): 35.73%
Net Asset Value (NAV): INR17.11 per share
Registrar of Powerful Technologies IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Powerful Technologies IPO Allotment Status
Powerful Technologies IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Powerful Technologies
IPO Opening Date: 9 August 2018
IPO Closing Date: 17 August 2018
Listing Date: 28 August 2018
Listing Price on NSE SME: INR48 per share (down 5.88% from IPO price)
Closing Price on NSE SME: INR45.6 per share (down 10.58% from IPO price)
