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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 ₹102.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,16,400 (1200 shares). The minimum lot size investment for 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 Date | September 29, 2022 to October 4, 2022 |
| Listing Date | October 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹97 to ₹102 per share |
| Issue Price Final | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,75,200 shares (aggregating up to ₹41.57 Cr) |
| Reserved for Market Maker | 2,04,000 shares SS Corporate Securities Ltd. (aggregating up to ₹2.08 Cr) |
| Net Offered to Public | 38,71,200 shares (aggregating up to ₹39.49 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,13,00,000 shares |
| Share Holding Post Issue | 1,53,75,200 shares |
Frog Cellsat IPO offers total 40,75,200 shares. Out of which 19,34,400 (47.47%) allocated to QIB, 7,75,200 (19.02%) allocated to QIB, 5,80,800 (14.25%) allocated to NII, 13,56,000 (33.27%) allocated to RII and 11,59,200 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,04,000 (5.01%) |
| QIB Shares Offered | 19,34,400 (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 (14.25%) |
| Retail Shares Offered | 13,56,000 (33.27%) |
| Total Shares Offered | 40,75,200 (100.00%) |
Frog Cellsat IPO raises ₹11.82 crore from anchor investors. Frog Cellsat IPO Anchor bid date is September 28, 2022. Frog Cellsat IPO Anchor Investors list
| Bid Date | September 28, 2022 |
| Shares Offered | 11,59,200 |
| Anchor Portion Size (In Cr.) | 11.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 9, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 8, 2023 |
Frog Cellsat IPO opens on September 29, 2022, and closes on October 4, 2022.
| IPO Open Date | Thu, Sep 29, 2022 |
| IPO Close Date | Tue, Oct 4, 2022 |
| Tentative Allotment | Mon, Oct 10, 2022 |
| Initiation of Refunds | Tue, Oct 11, 2022 |
| Credit of Shares to Demat | Wed, Oct 12, 2022 |
| Tentative Listing Date | Thu, Oct 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 4, 2022 |
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 | ₹1,22,400 |
| Retail (Max) | 1 | 1,200 | ₹1,22,400 |
| HNI (Min) | 2 | 2,400 | ₹2,44,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 8728.53 | 8850.61 | 139.12 | 4531.79 | 4526.79 |
| 31-Mar-21 | 9285.27 | 12939.84 | 1425.76 | 5957.55 | 5952.55 |
| 31-Mar-22 | 9724.63 | 13529.24 | 1433.76 | 6896.18 | 6891.18 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Frog Cellsat IPO is ₹156.83 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.93 |
The objects of the Offer are:-
1. To part finance the expansion project.
2. General Corporate Purposes.
3. Issue Expenses.
[Dilip Davda] The company was listed on NSE Emerge ITP from 2014 to 2018 and was delisted due to falling business. As claimed by the management, it has now revamped its products and gained momentum with blue-chip customers, and is on a fast-forward mode. Risk seeker/cash surplus investors may consider an investment with a long-term perspective. Read detail review...
| Listing Date | October 13, 2022 |
| BSE Script Code | |
| NSE Symbol | FROG |
| ISIN | INE385O01018 |
| Final Issue Price | ₹102 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹177.00 |
| Low | ₹168.15 |
| High | ₹185.85 |
| Last Trade | ₹185.80 |
Frog Cellsat Ltd.
Office No. 406,
D-35 Third Floor Old Plot No. 2-A,
Laxmi Nagar,
East Delhi, New Delhi, 110092
Phone: 120-4859650
Email: CS@frogcellsat.com
Website: https://www.frogcellsat.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Frog Cellsat IPO is a SME IPO of 40,75,200 equity shares of the face value of ₹10 aggregating up to ₹41.57 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on September 29, 2022, and closes on October 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 September 29, 2022 and closes on October 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 Wednesday, October 12, 2022. Check the Frog Cellsat IPO allotment status.
The Frog Cellsat IPO listing date is on Thursday, October 13, 2022.
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