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Cell Point IPO is a fixed price issue of ₹50.34 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹50.34 crore.
Cell Point IPO bidding started from Jun 15, 2023 and ended on Jun 20, 2023. The allotment for Cell Point IPO was finalized on Jun 23, 2023. The shares got listed on NSE SME on Jun 28, 2023.
Cell Point IPO price is ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Cell Point IPO RHP for detailed Information.
| IPO Date | June 15, 2023 to June 20, 2023 |
| Listing Date | June 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,34,000 shares (aggregating up to ₹50.34 Cr) |
| Reserved for Market Maker | 2,52,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.52 Cr) |
| Net Offered to Public | 47,82,000 shares (aggregating up to ₹47.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,36,51,600 shares |
| Share Holding Post Issue | 1,86,85,600 shares |
Cell Point (India) IPO offers total 50,34,000 shares. Out of which 23,91,000 (47.50%) allocated to NII, 23,91,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,000 (5.01%) |
| NII (HNI) Shares Offered | 23,91,000 (47.50%) |
| Retail Shares Offered | 23,91,000 (47.50%) |
| Total Shares Offered | 50,34,000 (100.00%) |
Cell Point IPO opens on June 15, 2023, and closes on June 20, 2023.
| IPO Open Date | Thu, Jun 15, 2023 |
| IPO Close Date | Tue, Jun 20, 2023 |
| Tentative Allotment | Fri, Jun 23, 2023 |
| Initiation of Refunds | Mon, Jun 26, 2023 |
| Credit of Shares to Demat | Tue, Jun 27, 2023 |
| Tentative Listing Date | Wed, Jun 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 20, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2001, Cell Point (India) Limited is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories, and mobile-related products and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Redmi, and Oneplus.
The company is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs of various brands such as Xiaomi, Realme, and One Plus.
The company has over 75 stores across the state of Andhra Pradesh. Out of the 75 stores, 2 stores are owned properties and 73 stores are on leased properties.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 5,585.12 | 27,811.89 | 159.97 | 1,102.20 | 988.44 |
| 31-Mar-21 | 6,530.63 | 22,356.02 | 69.11 | 1,171.31 | 1,057.55 |
| 31-Mar-22 | 8,270.46 | 27,004.43 | 164.63 | 1,335.94 | 1,222.18 |
| 31-Dec-22 | 9,064.19 | 22,167.60 | 580.96 | 1,916.94 | 551.78 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Cell Point IPO is ₹186.86 Cr.
| KPI | Values |
|---|---|
| RoNW | 10.55% |
The company intends to utilize the proceeds from the net issue for the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 9M-FY23 raised eyebrows and concern over sustainability going forward. Based on such super earnings, the issue appears greedily priced, while based on its track records, it appears exorbitantly priced. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | June 28, 2023 |
| BSE Script Code | |
| NSE Symbol | CELLPOINT |
| ISIN | INE0O0001013 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹100.00 |
| Low | ₹95.00 |
| High | ₹100.00 |
| Last Trade | ₹95.00 |
Cell Point (India) Ltd.
Door No 30-15-139/F/5, 6 Ward No 27,
Ram’s Arcade, Opposite Visakha Medical Centre,
Dabagardens,
Visakhapatnam, Andhra Pradesh, 530020
Phone: +91 9000113897
Email: cs@cellpoint.biz
Website: https://cellpoint.biz/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Cell Point IPO is a SME IPO of 50,34,000 equity shares of the face value of ₹10 aggregating up to ₹50.34 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on June 15, 2023, and closes on June 20, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Cell Point IPO using UPI as a payment gateway. Zerodha customers can apply in Cell Point IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cell Point IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cell Point IPO opens on June 15, 2023 and closes on June 20, 2023.
Cell Point IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Cell Point IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cell Point IPO will be done on Friday, June 23, 2023, and the allotted shares will be credited to your demat account by Tuesday, June 27, 2023. Check the Cell Point IPO allotment status.
The Cell Point IPO listing date is on Wednesday, June 28, 2023.
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