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Cellecor Gadgets IPO vs Chavda Infra IPO

Comparison between Cellecor Gadgets IPO and Chavda Infra IPO.

IPO Details

Cellecor Gadgets IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Chavda Infra IPO is a SME Bookbuilding proposed to list at NSE SME.

 Cellecor Gadgets IPOChavda Infra IPO
LogoCellecor Gadgets IPO LogoChavda Infra IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSS Corporate Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Cellecor Gadgets IPO is up to ₹48.23 Cr whereas the issue size of the Chavda Infra IPO is up to ₹41.08 Cr. The final issue price of Cellecor Gadgets IPO is ₹92.00 per share and of Chavda Infra IPO is ₹65.00 per share.

 Cellecor Gadgets IPOChavda Infra IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹87.00 per share₹60.00 per share
Issue Price (Upper)₹92.00 per share₹65.00 per share
Issue Price (Final)₹92.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size52,42,800 shares63,20,000 shares
Fresh Issue Size (Amount)up to ₹48.23 Crup to ₹41.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total52,42,800 shares63,20,000 shares
Issue Size Total (Amount)up to ₹48.23 Crup to ₹41.08 Cr

IPO Timetable

Cellecor Gadgets IPO opens on Sep 15, 2023, while Chavda Infra IPO opens on Sep 12, 2023. The closing date of Cellecor Gadgets IPO and Chavda Infra IPO is Sep 20, 2023, and Sep 14, 2023, respectively.

 Cellecor Gadgets IPOChavda Infra IPO
Anchor Bid DateSep 14, 2023Sep 11, 2023
Issue OpenSep 15, 2023Sep 12, 2023
Issue CloseSep 20, 2023Sep 14, 2023
Basis Of Allotment (Tentative)Sep 25, 2023Sep 20, 2023
Initiation of Refunds (Tentative)Sep 26, 2023Sep 21, 2023
Credit of Share (Tentative)Sep 27, 2023Sep 22, 2023
Listing date (Tentative)Sep 28, 2023Sep 25, 2023
Anchor Lockin End date 1Oct 25, 2023Oct 20, 2023
Anchor Lockin End date 2Dec 24, 2023Dec 19, 2023

Financials & KPIs

Cellecor Gadgets IPO P/E ratio is 13.45, as compared to Chavda Infra IPO P/E ratio of 9.72.

 Cellecor Gadgets IPOChavda Infra IPO
Financials
Cellecor Gadgets IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10.002,367.237,002.52
Total Income0.0012,128.9926,436.56
Profit After Tax-2.42213.56797.07
Net Worth7.58221.141,381.26
Reserves and Surplus-2.42211.141,369.94
Total Borrowing121.752,084.38
Amount in ₹ Lakhs
Chavda Infra IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets8,668.1110,880.7915,424.40
Total Income9,131.0510,987.6816,203.37
Profit After Tax443.84521.461,204.62
Net Worth1,314.281,835.743,040.36
Reserves and Surplus1,164.281,685.741,240.36
Total Borrowing3,330.324,993.145,328.95
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)69.95100.00
Promoter Shareholding (Post-Issue)51.5473
P/E Ratio13.459.72
Market Cap₹192.90 Cr.₹160.26 Cr.
ROE57.71%49.41%
ROCE63.88%43.62%
Debt/Equity1.511.75
EPS₹6.84₹6.69
RoNW57.71%39.62%

Shares Offered

In the Cellecor Gadgets IPO Retail Individual Investors (RII) are offered 18,34,800 shares while in Chavda Infra IPO retail investors are offered 18,34,800 shares. Qualified Institutional Buyers (QIB) are offered 10,48,800 shares in Cellecor Gadgets IPO and 12,64,000 shares in Chavda Infra IPO.

 Cellecor Gadgets IPOChavda Infra IPO
Anchor Investor Reserveration15,72,000 shares18,96,000 shares
Market Maker Reserveration2,76,000 shares3,36,000 shares
QIB10,48,800 shares12,64,000 shares
NII7,87,200 shares9,48,000 shares
RII18,34,800 shares22,12,000 shares
Employee
Others
Total52,42,800 shares63,20,000 shares

Bids Received (Subscription)

Cellecor Gadgets IPO subscribed 116.33x in total, whereas Chavda Infra IPO subscribed 180.06x.

 Cellecor Gadgets IPOChavda Infra IPO
QIB (times)57.58x95.10x
NII (times)176.54x241.96x
Big NII (times)
Small NII (times)
RII (times)124.08x202.07x
Employee (times)
Other (times)
Total (times)116.33x180.06x