Powerful Technologies Limited IPO

Powerful Technologies Limited

Issue Open

Aug 09, 2018

Price Band

₹ 175

Issue Size

₹ 11.62 Cr

Credit of Shares to Demat

-

Issue Close

Aug 17, 2018

Bid Lot

800

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

800

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Aug 28, 2018

Refunds

-

About the company:

Powerful Technologies Limited company was incorporated as ‘Powerful Technologies Private Limited’ under the provisions of Companies Act, 2013 vide certification of incorporation dated on February 26th 2015, issued by Registrar of Companies, NCT of Delhi & Haryana. It is engaged in the manufacturing of LED TV, LED monitors and mobile power banks.

Date of Incorporation: Powerful Technologies Limited was incorporated as ‘Powerful Technologies Private Limited’ under the provisions of Companies Act, 2013 vide certificate of incorporation dated on 26th of February 2015 issued by the Registrar of Companies, NCT of Delhi & Haryana. Subsequently, the company was reformed as public limited on 28th of February 2018 by Registrar of Companies, NCT of Delhi & Haryana.

Promoters of Powerful Technologies Limited: Mr Aditya Gupta, Mr Nitin Chhabra and Mrs Karuna Chhabra are the promoters of Powerful Technologies Limited.

Products and Services Offering: Powerful Technologies Limited has a well-transformed products categories across several electronic segments that include:

- LED TV

- LED Monitor

- Power Bank

- Adaptor

Under brands that consist of Lappymaster, Power eye, Kodak and Polaroid.

Customer Segments: Powerful Technologies Limited generally operates in the domestic markets its customer Segments includes Pioneer Computronix  Private Limited, Airtech Electrovision Pvt. Ltd and Advantage Computers India Pvt Ltd among others. The company has also tied up with various online portal including Flipkart India P Ltd and Amazon Asia.

The objective of Powerful Technologies Limited IPO:

The main objective of Powerful Technologies Limited IPO are:

- To meet the working capital requirements of the Company.

- Issue Expenses.  

Companies Financials:

Particulars For the year/period ended (in Rs. Lakhs)
  31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 3,270.50 2,481.82 999.07 1.06
Total Revenue 4,326.87 3,561.26 2,497.25 --
Profit After Tax 297.52 40.65 18.48 -0.11

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