Powerful Technologies Limited IPO
Issue Analysis :
|Issue opens||Aug 9, 2018|
|Issue Closes||Aug 14, 2018|
|Issue Price||Rs 51|
|Issue Size||13.55 Cr|
|Lead Manager||FINSHORE MANAGEMENT SERVICES LIMITED|
|Registrar||BIGSHARE SERVICES PVT. LTD|
Company’s Snapshot :
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 LED
Monitors 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-
- License rights with reputed global brands like Polaroid for India, Nepal, and Bangladesh and with Kodak for India.
- Ownership of brand names “Powereye” and “Lappy Master”
- Wide distribution network
Object of the Issue:
The objects of the Issue are:
- To meet the working capital requirements of the Company;
- Issue Expenses.
Financial Highlights :
|Summary of financial Information (Restated)|
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||450.25||40.65||18.48||(0.11)|
The Promoters of the Company are Aditya Gupta, Nitin Chhabra, and Karuna Chhabra.
Contact Company Information:
Powerful Technologies Limited
G1 Prakash Chamber Ground Floor 6
Netaji Subash Marg, Darya Ganj
New Delhi- 110002
Phone: +91 11 40071894
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