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Cellecor Gadgets IPO vs Hi-Green Carbon IPO

Comparison between Cellecor Gadgets IPO and Hi-Green Carbon IPO.

IPO Details

Cellecor Gadgets IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Hi-Green Carbon IPO is a SME Bookbuilding proposed to list at NSE SME.

 Cellecor Gadgets IPOHi-Green Carbon IPO
LogoCellecor Gadgets IPO LogoHi-Green Carbon 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.MUFG Intime India Pvt.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 Hi-Green Carbon IPO is up to ₹49.64 Cr. The final issue price of Cellecor Gadgets IPO is ₹92.00 per share and of Hi-Green Carbon IPO is ₹75.00 per share.

 Cellecor Gadgets IPOHi-Green Carbon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹87.00 per share₹71.00 per share
Issue Price (Upper)₹92.00 per share₹75.00 per share
Issue Price (Final)₹92.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size52,42,800 shares55,69,200 shares
Fresh Issue Size (Amount)up to ₹48.23 Crup to ₹41.77 Cr
OFS Issue Size0 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹7.88 Cr
Issue Size Total52,42,800 shares66,19,200 shares
Issue Size Total (Amount)up to ₹48.23 Crup to ₹49.64 Cr

IPO Timetable

Cellecor Gadgets IPO opens on Sep 15, 2023, while Hi-Green Carbon IPO opens on Sep 21, 2023. The closing date of Cellecor Gadgets IPO and Hi-Green Carbon IPO is Sep 20, 2023, and Sep 25, 2023, respectively.

 Cellecor Gadgets IPOHi-Green Carbon IPO
Anchor Bid DateSep 14, 2023Sep 20, 2023
Issue OpenSep 15, 2023Sep 21, 2023
Issue CloseSep 20, 2023Sep 25, 2023
Basis Of Allotment (Tentative)Sep 25, 2023Sep 28, 2023
Initiation of Refunds (Tentative)Sep 26, 2023Sep 29, 2023
Credit of Share (Tentative)Sep 27, 2023Oct 03, 2023
Listing date (Tentative)Sep 28, 2023Sep 28, 2023
Anchor Lockin End date 1Oct 25, 2023Oct 28, 2023
Anchor Lockin End date 2Dec 24, 2023Dec 27, 2023

Financials & KPIs

Cellecor Gadgets IPO P/E ratio is 13.45, as compared to Hi-Green Carbon IPO P/E ratio of 13.13.

 Cellecor Gadgets IPOHi-Green Carbon 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
Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets3,310.913,424.364,387.83
Total Income2,429.395,113.957,903.90
Profit After Tax9.59367.951,084.78
Net Worth806.281,174.232,259.02
Reserves and Surplus-1,093.72-725.77359.02
Total Borrowing1,783.101,586.701,362.19
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)69.95100.00
Promoter Shareholding (Post-Issue)51.5471.83
P/E Ratio13.4513.13
Market Cap₹192.90 Cr.₹187.43 Cr.
ROE57.71%63.19%
ROCE63.88%64.70%
Debt/Equity1.510.60
EPS₹6.84₹5.71
RoNW57.71%48.02%

Shares Offered

In the Cellecor Gadgets IPO Retail Individual Investors (RII) are offered 18,34,800 shares while in Hi-Green Carbon IPO retail investors are offered 18,34,800 shares. Qualified Institutional Buyers (QIB) are offered 10,48,800 shares in Cellecor Gadgets IPO and 13,23,200 shares in Hi-Green Carbon IPO.

 Cellecor Gadgets IPOHi-Green Carbon IPO
Anchor Investor Reserveration15,72,000 shares19,84,000 shares
Market Maker Reserveration2,76,000 shares4,20,800 shares
QIB10,48,800 shares13,23,200 shares
NII7,87,200 shares9,95,200 shares
RII18,34,800 shares23,16,800 shares
Employee
Others
Total52,42,800 shares66,19,200 shares

Bids Received (Subscription)

Cellecor Gadgets IPO subscribed 116.33x in total, whereas Hi-Green Carbon IPO subscribed 168.92x.

 Cellecor Gadgets IPOHi-Green Carbon IPO
QIB (times)57.58x69.95x
NII (times)176.54x236.76x
Big NII (times)
Small NII (times)
RII (times)124.08x196.35x
Employee (times)
Other (times)
Total (times)116.33x168.92x