Powerful Technologies Limited IPO
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 |
Issue Detail
- Issue Open: Aug 09, 2018
- Issue Close: Aug 17, 2018
- Issue Type: Fixed Price Issue IPO
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs 175 Per Equity Share
- Bid Lot:800 Shares
- Minimum Order Quantity:800 Shares
- Listing At: NSE SME
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Issue Size:
Rs 11.62 Cr
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