GMP and Other Discussion for Powerful Technologies Limited

Powerful Technologies Limited IPO

Powerful Technologies Limited in to Consumer Electronics business, dealing in Manufacturing of LED Tv and Power banks

The company is authroised licensee for Polariod LED TV and Kodak Power banks in India .

The company is brand owner of Lappymaster, Powereye brand and is having a basket of products of consumer Electronics and IT products under this brand.

The promoters of the company are NitinChhabra, KarunaChhabra and Aditya Gupta which was setup in February 2015. It initially sold Mobile Power products under brand name Powereye and Lappymaster. The company is now an authorized licensee/approved manufacturer for manufacturing and selling Polaroid brand LED TVs and LED Monitors and Kodak brand Power Banks. Both are American popular brands.

Powerful Technologies generated gross revenue of over Rs. 62 crore from operations in 2017-18. The company has consistently generated profit from inception. Its profit before tax (PBT) margin stood at 9.93% in 2017-18.

The company embraced the Make in India initiative launched by the government and are the pioneers in manufacturing LED TVs, Monitors and Power-banks, speakers and accessories in India.

Aditya Gupta, 35, managing director of the company was earlier co-promoted Pioneer Computronix Pvt. Ltd., which ventured into IT and telecommunication products and reached a turnover of over Rs. 100 crore in 2016-17 and is continuously growing.

KarunaChhabra, 37, is a promoter and non-executive director of Powerful Technologies. She has a long experience in handling HR and administrative matters. NitinChhabra, 40, a promoter and executive director of the company, is a chartered accountant by qualification. He has been the driving force behind the growth of the business of the group.

Your Comment:
 6 + 1 

admin Aug 20 2018 9:21:59 PM
no.. go with Dangee dums ipo.

Mahesh Aug 17 2018 10:29:51 AM
@Admin give your final view should we apply for this ipo or not?

admin Aug 14 2018 10:30:56 AM
subscription is not good. Avoid for now.

admin Aug 9 2018 2:44:30 PM
Very good SME IPO. Lets see subscription figure.