Bookbuilding IPO | ₹42 Cr | Listed at NSE SME | Thu, Sep 29, 2022 - Tue, Oct 4, 2022
Frog Cellsat IPO is a book build issue of ₹41.57 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹41.57 crore.
Frog Cellsat IPO bidding started from Sep 29, 2022 and ended on Oct 4, 2022. The allotment for Frog Cellsat IPO was finalized on Oct 10, 2022. The shares got listed on NSE SME on Oct 13, 2022.
Frog Cellsat IPO price band is set at ₹102 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,22,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,44,800.
Sarthi Capital Advisors Pvt.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 is SS Corporate Securities Ltd..
Refer to Frog Cellsat IPO RHP for detailed Information.
IPO Open
Thu, Sep 29, 2022
IPO Close
Tue, Oct 4, 2022
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹156.83 Cr
| IPO Date | 29 Sep to 4 Oct, 2022 |
| Listed on | Thu, Oct 13, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹97 to ₹102 |
| Issue Price | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 40,75,200 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 2,04,000 shares SS Corporate Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 38,71,200 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 38,71,200 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 1,13,00,000 shares |
| Share Holding Post Issue | 1,53,75,200 shares |
| NSE Symbol | FROG |
| ISIN | INE385O01018 |
Frog Cellsat IPO comprises a total issue size of 40,75,200 shares. The net offer to the public is 38,71,200 shares, after excluding 2,04,000 shares allotted on a firm basis. Of the Net offer 19,34,400 (49.97%) are allocated to QIB, 5,80,800 (15.00%) allocated to NII 13,56,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 19,34,400 | 49.97% | 47.47% |
| − Anchor Investor Shares Offered | 11,59,200 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 7,75,200 | 19.02% | |
| NII (HNI) Shares Offered | 5,80,800 | 15.00% | 14.25% |
| Retail Shares Offered | 13,56,000 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,04,000 | 5.01% | |
| Total Shares Offered | 40,75,200 | 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 | ₹1,22,400 |
| Retail (Max) | 1 | 1,200 | ₹1,22,400 |
| HNI (Min) | 2 | 2,400 | ₹2,44,800 |
Frog Cellsat IPO raises ₹11.82 crore from anchor investors. Frog Cellsat IPO Anchor bid date is September 28, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 28, 2022 |
| Shares Offered | 11,59,200 |
| Anchor Portion (₹ Cr.) | 11.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Nov 9, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jan 8, 2023 |
Incorporated 2004, Frog Cellsat Limited is engaged in manufacturing of telecom equipment used by telecom operators especially in Telecom Towers. The company manufactures 2G/3G/4G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeater, Multi-band Optical DAS system, relative software and accessories.
The company offers services such as Installation and Roll-out Services, Network Maintenance Services and Installation and Roll-out Services.
Frog Cellsat Limited has two production unit one is located in Noida and second one is in located in Dehradun. The company's design, development, manufacturing, and quality control processes are ISO 9001:2015 certified.
Frog Cellsat Limited is providing its products and services across Asia, Europe, Africa, and the Middle East.
Competitive Strength :
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 97.25 | 92.85 | 87.29 |
| Total Income | 135.29 | 129.40 | 88.51 |
| Profit After Tax | 14.34 | 14.26 | 1.39 |
| NET Worth | 68.96 | 59.58 | 45.32 |
| Reserves and Surplus | 68.91 | 59.53 | 45.27 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the expansion project | 30.25 |
| 2 | General Corporate Purposes | 8.31 |
| 3 | Issue Expenses | 3.00 |
| KPI | |
|---|---|
| Debt/Equity | 0.09 |
| RoNW | 20.79 |
| PAT Margin | 10.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2867.53 | |
| P/E (x) | 10.93 | |
| Promoter Holding | 99.99% | 73.49% |
| Market Cap | ₹156.83 Cr. |
The Frog Cellsat IPO is subscribed 21.06 times on October 4, 2022 7:00:00 PM (Day 4). The public issue subscribed 22.1 times in the retail category, 5.36 times in the QIB category, and 70.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.36 | 19,34,400 | 1,03,64,400 |
| NII* | 70.94 | 5,80,800 | 4,12,03,200 |
| Retail | 22.1 | 13,56,000 | 2,99,70,000 |
| Total | 21.06 | 38,71,200 | 8,15,37,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.60 |
| 2 | Regulatory Fees, Marketing expenses, Selling Commission and other expenses | 2.40 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹177.00 |
| Low | ₹168.15 |
| High | ₹185.85 |
| Last Trade | ₹185.80 |
Lead Manager Reports
Frog Cellsat IPO is a SME IPO of 40,75,200 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 29, 2022, and closes on Tue, Oct 4, 2022.
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 Frog Cellsat IPO using UPI as a payment gateway. Zerodha customers can apply in Frog Cellsat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Frog Cellsat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Frog Cellsat IPO opens on Thu, Sep 29, 2022 and closes on Tue, Oct 4, 2022.
Frog Cellsat IPO lot size is 1200, and the minimum amount required for application is ₹1,22,400.
You can apply in Frog Cellsat 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 Frog Cellsat IPO will be done on Monday, October 10, 2022, and the allotted shares will be credited to your demat account by Wed, Oct 12, 2022. Check the Frog Cellsat IPO allotment status.
The Frog Cellsat IPO listing date is on Thu, Oct 13, 2022.
