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Cell Point IPO vs Kore Digital IPO

Comparison between Cell Point IPO and Kore Digital IPO.

IPO Details

Cell Point IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kore Digital IPO is a SME Fixed Price proposed to list at NSE SME.

 Cell Point IPOKore Digital IPO
LogoCell Point IPO LogoKore Digital IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Cell Point IPO is up to ₹47.82 Cr whereas the issue size of the Kore Digital IPO is up to ₹17.06 Cr. The final issue price of Cell Point IPO is ₹100.00 per share and of Kore Digital IPO is ₹180.00 per share.

 Cell Point IPOKore Digital IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹100.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares800 shares
Fresh Issue Size47,82,000 shares9,48,000 shares
Fresh Issue Size (Amount)up to ₹47.82 Crup to ₹17.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,82,000 shares9,48,000 shares
Issue Size Total (Amount)up to ₹47.82 Crup to ₹17.06 Cr

IPO Timetable

Cell Point IPO opens on Jun 15, 2023, while Kore Digital IPO opens on Jun 02, 2023. The closing date of Cell Point IPO and Kore Digital IPO is Jun 20, 2023, and Jun 07, 2023, respectively.

 Cell Point IPOKore Digital IPO
Anchor Bid Date
Issue OpenJun 15, 2023Jun 02, 2023
Issue CloseJun 20, 2023Jun 07, 2023
Basis Of Allotment (Tentative)Jun 23, 2023Jun 12, 2023
Initiation of Refunds (Tentative)Jun 26, 2023Jun 13, 2023
Credit of Share (Tentative)Jun 27, 2023Jun 14, 2023
Listing date (Tentative)Jun 28, 2023Jun 14, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Cell Point IPO P/E ratio is 24.1, as compared to Kore Digital IPO P/E ratio of 17.86.

 Cell Point IPOKore Digital IPO
Financials
Cell Point (India) Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-205,585.1227,811.89159.971,102.20988.44
31-Mar-216,530.6322,356.0269.111,171.311,057.55
31-Mar-228,270.4627,004.43164.631,335.941,222.18
31-Dec-229,064.1922,167.60580.961,916.94551.78
Amount in ₹ Lakhs
Kore Digital Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20188.6687.611.828.217.21
31-Mar-21584.81397.9025.9334.1433.1421.96
31-Mar-221,441.571,694.45217.97252.11251.1117.72
31-Dec-221,573.071,195.71253.92506.02254.02184.18
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0099.70
Promoter Shareholding (Post-Issue)73.0671.38
P/E Ratio24.117.86
Market Cap₹186.86 Cr.₹63.36 Cr.
ROE0.67%
ROCE0.49%
Debt/Equity0.36
EPS₹11.60₹10.08
RoNW10.55%50.18%

Shares Offered

In the Cell Point IPO Retail Individual Investors (RII) are offered 23,91,000 shares while in Kore Digital IPO retail investors are offered 23,91,000 shares. Qualified Institutional Buyers (QIB) are offered in Cell Point IPO and in Kore Digital IPO.

 Cell Point IPOKore Digital IPO
Anchor Investor Reserveration
Market Maker Reserveration2,52,000 shares52,000 shares
QIB
NII23,91,000 shares4,74,000 shares
RII23,91,000 shares4,74,000 shares
Employee
Others
Total47,82,000 shares9,48,000 shares

Bids Received (Subscription)

Cell Point IPO subscribed 6.03x in total, whereas Kore Digital IPO subscribed 41.56x.

 Cell Point IPOKore Digital IPO
QIB (times)
NII (times)4.11x49.67x
Big NII (times)
Small NII (times)
RII (times)7.92x33.26x
Employee (times)
Other (times)
Total (times)6.03x41.56x