Bookbuilding IPO | ₹51 Cr | Listed at NSE SME | Fri, Sep 15, 2023 - Wed, Sep 20, 2023
Cellecor Gadgets IPO is a book build issue of ₹50.77 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹50.77 crore.
Cellecor Gadgets IPO bidding started from Sep 15, 2023 and ended on Sep 20, 2023. The allotment for Cellecor Gadgets IPO was finalized on Sep 25, 2023. The shares got listed on NSE SME on Sep 28, 2023.
Cellecor Gadgets IPO price band is set at ₹92 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,10,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,20,800.
Narnolia Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company areKantilal Chhaganlal Securities Pvt.Ltd., SS Corporate Securities Ltd..
Refer to Cellecor Gadgets IPO RHP for detailed Information.
IPO Open
Fri, Sep 15, 2023
IPO Close
Wed, Sep 20, 2023
Issue Price
₹92 per share
Market Cap (Pre-IPO)
₹192.90 Cr
| IPO Date | 15 to 20 Sep, 2023 |
| Listed on | Thu, Sep 28, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹87 to ₹92 |
| Issue Price | ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 55,18,800 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 2,76,000 shares SS Corporate Securities Ltd. (agg. up to ₹3 Cr) Kantilal Chhaganlal Securities Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 52,42,800 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 52,42,800 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 1,54,48,980 shares |
| Share Holding Post Issue | 2,09,67,780 shares |
| NSE Symbol | CELLECOR |
| ISIN | INE0OMO01017 |
Cellecor Gadgets IPO comprises a total issue size of 55,18,800 shares. The net offer to the public is 52,42,800 shares, after excluding 2,76,000 shares allotted on a firm basis. Of the Net offer 26,20,800 (49.99%) are allocated to QIB, 7,87,200 (15.01%) allocated to NII 18,34,800 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,20,800 | 49.99% | 47.49% |
| − Anchor Investor Shares Offered | 15,72,000 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 10,48,800 | 19.00% | |
| NII (HNI) Shares Offered | 7,87,200 | 15.01% | 14.26% |
| Retail Shares Offered | 18,34,800 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,76,000 | 5.00% | |
| Total Shares Offered | 55,18,800 | 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 | ₹1,10,400 |
| Retail (Max) | 1 | 1,200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
Cellecor Gadgets IPO raises ₹14.46 crore from anchor investors. Cellecor Gadgets IPO Anchor bid date is September 14, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 14, 2023 |
| Shares Offered | 15,72,000 |
| Anchor Portion (₹ Cr.) | 14.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 24, 2023 |
Incorporated in 2020, Cellecor Gadgets Limited is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands.
The company has three business verticals:
Cellecor Gadgets has more than 1200 service centers, and more than 800 Distributors. Its products are also present at over 24,000 retail stores with more than 300 ranges of products and 100 million users in Pan India through offline and online channels.
The company recorded Rs. 26,436.56 Lacs, and Rs. 12,128.99 Lacs in Revenue from operations in fiscal 2023 and 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 70.03 | 23.67 | 0.10 |
| Total Income | 264.37 | 121.29 | 0.00 |
| Profit After Tax | 7.97 | 2.14 | -0.02 |
| NET Worth | 13.81 | 2.21 | 0.08 |
| Reserves and Surplus | 13.70 | 2.11 | -0.02 |
| Total Borrowing | 20.84 | 1.22 | |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 40.00 |
| 2 | General Corporate Purposes | 5.02 |
| KPI | |
|---|---|
| ROE | 57.71% |
| ROCE | 63.88% |
| Debt/Equity | 1.51 |
| RoNW | 57.71% |
| PAT Margin | 3.02% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.84 | |
| P/E (x) | 13.45 | 24.21 |
| Promoter Holding | 69.95% | 51.54% |
| Market Cap | ₹192.90 Cr. |
The Cellecor Gadgets IPO is subscribed 116.33 times on September 20, 2023 7:29:00 PM (Day 3). The public issue subscribed 124.08 times in the retail category, 57.58 times in the QIB category, and 176.54 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 57.58 | 10,48,800 | 6,03,92,400 |
| NII* | 176.54 | 7,87,200 | 13,89,74,400 |
| Retail | 124.08 | 18,34,800 | 22,76,64,000 |
| Total | 116.33 | 36,70,800 | 42,70,30,800 |
Total Application : 1,89,720
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.50 |
| 2 | Underwriter, Brokerage, Selling Commission & UPI Fees | 3.64 |
| 3 | Registrars to the Issue | 0.01 |
| 4 | Legal Advisors to the Issue | 0.02 |
| 5 | Printing, advertising and marketing expenses | 0.23 |
| 6 | Regulators including stock exchanges | 0.09 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, Market Maker and other misc. expenses like printing & stationery etc.) | 1.27 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹92.00 |
| Open | ₹92.00 |
| Low | ₹88.15 |
| High | ₹96.60 |
| Last Trade | ₹96.60 |
Lead Manager Reports
Cellecor Gadgets IPO is a SME IPO of 55,18,800 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Sep 15, 2023, and closes on Wed, Sep 20, 2023.
Skyline Financial 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 Cellecor Gadgets IPO using UPI as a payment gateway. Zerodha customers can apply in Cellecor Gadgets IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cellecor Gadgets IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cellecor Gadgets IPO opens on Fri, Sep 15, 2023 and closes on Wed, Sep 20, 2023.
Cellecor Gadgets IPO lot size is 1200, and the minimum amount required for application is ₹1,10,400.
You can apply in Cellecor Gadgets 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 Cellecor Gadgets IPO will be done on Monday, September 25, 2023, and the allotted shares will be credited to your demat account by Wed, Sep 27, 2023. Check the Cellecor Gadgets IPO allotment status.
The Cellecor Gadgets IPO listing date is on Thu, Sep 28, 2023.
