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Open
9 Aug 2018
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Close
17 Aug 2018
3
Allotment
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Listing
Tue, Aug 28, 2018
Price Band
₹51 per share
Issue Size
26,56,000 shares (agg. up to ₹14 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Aug 28, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.00x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 31.02 | 24.82 | 9.99 |
| Total Income | 62.62 | 35.61 | 24.97 |
| Profit After Tax | 4.50 | 0.41 | 0.18 |
| NET Worth | 12.60 | 1.60 | 1.14 |
| Reserves and Surplus | 10.76 | 1.39 | 0.94 |
| Total Borrowing | 6.76 | 6.07 | 4.37 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sonam Clock Ltd. | SME | ₹10.11 Cr | ₹36 | null | ₹36.95 | +2.64% | ₹56.13 (-3.29%) |
| Pulz Electronics Ltd. | SME | ₹3.92 Cr | ₹54 | null | ₹64.05 | +18.61% | ₹23.00 (-4.17%) |
| Dixon Technologies (India) Ltd. | Mainboard | ₹599.28 Cr | ₹1766 | null | ₹2,891.55 | +63.73% | ₹14,329.00 (-1.04%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements of the Company | 12.05 |
About Powerful Technologies IPO
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 "Powereye" 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 LEDMonitors 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 at Noida. The company has recently delivered the first shipment of mobile adapters to its distributors under "Powereye" brand. The company has 73 employees including contractual employees on its payroll. Competitive 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
Contact Details
Powerful Technologies Ltd. AddressG1 Prakash Chamber Ground Floor 6Netaji Subash MargDarya GanjNew Delhi, New Delhi, 110002+91 11 40071894Nitin@pcpl.inVisit Website