Fixed Price IPO | ₹50 Cr | Listed at NSE SME | Thu, Jun 15, 2023 - Tue, Jun 20, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jun 15, 2023
IPO Close
Tue, Jun 20, 2023
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹186.86 Cr
| IPO Date | 15 to 20 Jun, 2023 |
| Listed on | Wed, Jun 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 50,34,000 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 2,52,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 47,82,000 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 47,82,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 1,36,51,600 shares |
| Share Holding Post Issue | 1,86,85,600 shares |
| NSE Symbol | CELLPOINT |
| ISIN | INE0O0001013 |
Cell Point IPO comprises a total issue size of 50,34,000 shares. The net offer to the public is 47,82,000 shares, after excluding 2,52,000 shares allotted on a firm basis. Of the Net offer 23,91,000 (50.00%) allocated to NII 23,91,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,91,000 | 50.00% | 47.50% |
| Retail Shares Offered | 23,91,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,52,000 | 5.01% | |
| Total Shares Offered | 50,34,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 90.64 | 82.70 | 65.31 | 55.85 |
| Total Income | 221.68 | 270.04 | 223.56 | 278.12 |
| Profit After Tax | 5.81 | 1.65 | 0.69 | 1.60 |
| NET Worth | 19.17 | 13.36 | 11.71 | 11.02 |
| Reserves and Surplus | 5.52 | 12.22 | 10.58 | 9.88 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain borrowings; | 16.86 |
| 2 | Repairs and Renovation of existing retail stores & setting of new retail stores; | 12.00 |
| 3 | To meet the Working Capital requirements; | 10.00 |
| 4 | General Corporate Expenses; and | 10.68 |
| KPI | |
|---|---|
| RoNW | 10.55% |
| PAT Margin | 0.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.60 | |
| P/E (x) | 24.1 | |
| Promoter Holding | 100.00% | 73.06% |
| Market Cap | ₹186.86 Cr. |
The Cell Point (India) IPO is subscribed 6.03 times on June 20, 2023 7:29:00 PM (Day 4). The public issue subscribed 7.92 times in the retail category, [.] times in the QIB category, and 4.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.11 | 23,91,000 | 98,16,000 |
| Retail | 7.92 | 23,91,000 | 1,89,37,200 |
| Total | 6.03 | 47,82,000 | 2,88,55,200 |
Total Application : 15,781
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses | 0.63 |
| 2 | Advertising and marketing expenses | 0.05 |
| 3 | Printing & Stationery, Distribution, Postage | 0.03 |
| 4 | RoC, Regulatory and other statutory expenses including Listing Fee | 0.09 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹100.00 |
| Low | ₹95.00 |
| High | ₹100.00 |
| Last Trade | ₹95.00 |
Lead Manager Reports
Cell Point IPO is a SME IPO of 50,34,000 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Jun 15, 2023, and closes on Tue, Jun 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 Thu, Jun 15, 2023 and closes on Tue, Jun 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 Tue, Jun 27, 2023. Check the Cell Point IPO allotment status.
The Cell Point IPO listing date is on Wed, Jun 28, 2023.
