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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 ₹92.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,04,400 (1200 shares). The minimum lot size investment for 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 Date | September 15, 2023 to September 20, 2023 |
| Listing Date | September 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹87 to ₹92 per share |
| Issue Price Final | ₹92 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 55,18,800 shares (aggregating up to ₹50.77 Cr) |
| Reserved for Market Maker | 2,76,000 shares SS Corporate Securities Ltd. (aggregating up to ₹2.54 Cr) Kantilal Chhaganlal Securities Pvt.Ltd. |
| Net Offered to Public | 52,42,800 shares (aggregating up to ₹48.23 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,54,48,980 shares |
| Share Holding Post Issue | 2,09,67,780 shares |
Cellecor Gadgets IPO offers total 55,18,800 shares. Out of which 26,20,800 (47.49%) allocated to QIB, 10,48,800 (19.00%) allocated to QIB, 7,87,200 (14.26%) allocated to NII, 18,34,800 (33.25%) allocated to RII and 15,72,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,76,000 (5.00%) |
| QIB Shares Offered | 26,20,800 (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 (14.26%) |
| Retail Shares Offered | 18,34,800 (33.25%) |
| Total Shares Offered | 55,18,800 (100.00%) |
Cellecor Gadgets IPO raises ₹14.46 crore from anchor investors. Cellecor Gadgets IPO Anchor bid date is September 14, 2023. Cellecor Gadgets IPO Anchor Investors list
| Bid Date | September 14, 2023 |
| Shares Offered | 15,72,000 |
| Anchor Portion Size (In Cr.) | 14.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2023 |
Cellecor Gadgets IPO opens on September 15, 2023, and closes on September 20, 2023.
| IPO Open Date | Fri, Sep 15, 2023 |
| IPO Close Date | Wed, Sep 20, 2023 |
| Tentative Allotment | Mon, Sep 25, 2023 |
| Initiation of Refunds | Tue, Sep 26, 2023 |
| Credit of Shares to Demat | Wed, Sep 27, 2023 |
| Tentative Listing Date | Thu, Sep 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 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 | ₹1,10,400 |
| Retail (Max) | 1 | 1,200 | ₹1,10,400 |
| HNI (Min) | 2 | 2,400 | ₹2,20,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 10.00 | 2,367.23 | 7,002.52 |
| Total Income | 0.00 | 12,128.99 | 26,436.56 |
| Profit After Tax | -2.42 | 213.56 | 797.07 |
| Net Worth | 7.58 | 221.14 | 1,381.26 |
| Reserves and Surplus | -2.42 | 211.14 | 1,369.94 |
| Total Borrowing | 121.75 | 2,084.38 |
The market capitalization of Cellecor Gadgets IPO is ₹192.90 Cr.
| KPI | Values |
|---|---|
| ROE | 57.71% |
| ROCE | 63.88% |
| Debt/Equity | 1.51 |
| RoNW | 57.71% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is currently trading in electronic products and does not have its own manufacturing unit. It mulls entering into manufacturing activities in the near term. Super performance for FY22 and FY23 raise eyebrows and concern over sustainability. Based on FY23 bumper earnings, the issue appears fully priced. Well-informed/cash surplus/risk seekers may park funds. Read detail review...
| Listing Date | September 28, 2023 |
| BSE Script Code | |
| NSE Symbol | CELLECOR |
| ISIN | INE0OMO01017 |
| Final Issue Price | ₹92 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹92.00 |
| Open | ₹92.00 |
| Low | ₹88.15 |
| High | ₹96.60 |
| Last Trade | ₹96.60 |
Cellecor Gadgets Ltd.
Unit No. 703, 7th Floor, Jaksons Crown Heights
Plot No. 3BI Twin District Centre,
Sector 10 Rohini Delhi - 110085
Delhi, New Delhi
Phone: 011 – 45038228
Email: cs@cellecor.in
Website: https://cellecor.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Cellecor Gadgets IPO is a SME IPO of 55,18,800 equity shares of the face value of ₹10 aggregating up to ₹50.77 Crores. The issue is priced at ₹92 per share. The minimum order quantity is 1200.
The IPO opens on September 15, 2023, and closes on September 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 September 15, 2023 and closes on September 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 Wednesday, September 27, 2023. Check the Cellecor Gadgets IPO allotment status.
The Cellecor Gadgets IPO listing date is on Thursday, September 28, 2023.
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