Cellecor Gadgets IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Cellecor Gadgets IPO will open on September 15 and close on September 20, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 50.77 crore through this public offering, consisting of 55.18 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 87 to ₹ 92 per share.
Cellecor Gadgets Limited (“the Company”)
Cellecor Gadgets Ltd. was incorporated in 2020. The company is engaged in the procurement, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, smart watches, and neckbands.
They sell its products under its flagship brand, i.e., CELLECOR,” with the aim of making happiness affordable so that everyone can experience happiness. Over the years, the company has been able to build its presence in India by having 1200+ service centers, 800+ distributors, and its products are also present at 24,000+ retail stores with a 300+ wide range of products and 100 million users. Pan India is selling a wide range of consumer products at affordable prices through its dealer channels (online as well as offline).
Company Key Metrics
| Earning Per Share (EPS) | ₹ 6.84 per Equity Share |
| Debt to Equity Ratio | 1.51 |
| ROE | 57.71% |
| ROCE | 63.88% |
| Return on Net Worth (RoNW) | 57.71% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Working Capital Requirement,
- General Corporate Purposes, and
- Issue Expenses.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,381.26 | 221.14 | 7.58 |
| Total Assets | 7,000.52 | 2,367.23 | 10.00 |
| Reserve & Surplus | 1,369.94 | 211.14 | (2.42) |
| Total Borrowings | 2,084.38 | 121.75 | – |
| Total Revenue | 24,436.56 | 12,128.99 | 0.00 |
| Profit After Tax | 797.07 | 213.56 | (2.42) |
IPO details
As per the DRHP filed with SEBI, 55.18 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 2.76 lakh shares of the offering. While Narnolia Financial Services Ltd will be the lead manager for the IPO, Skyline Financial Services Private Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 87 to ₹ 92 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 shares |
| Issue Size | 5,518,800 shares (aggregating up to ₹ 50.77 crores) |
| Fresh Issue | 5,518,800 shares (aggregating up to ₹ [.] crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | • SS Corporate Securities • Kantilal Chhaganlal Securities |
| Market maker portion | 276,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the offer |
| Retail shares offered | Not less than 35% of the offer |
GMP: Cellecor Gadgets IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Cellecor Gadgets IPO
The issue opens for subscription on September 15, 2023, and closes for subscription on September 20, 2023 (both days inclusive). The basis of allotment will be finalised on September 25, 2023, and the refunds will be initiated on September 26, 2023. In addition, the demat credits are expected to happen on September 27, 2023, and the stock will be listed on the NSE SME on September 28, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 15, 2023 |
| Closing Date | September 20, 2023 |
| Basis of Allotment | September 25, 2023 |
| Initiation of Refunds | September 26, 2023 |
| A credit of shares to Demat A/c | September 27, 2023 |
| Listing Date | September 28, 2023 |
Lot Size
The lot size of the Cellecor Gadgets IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of ₹ 110,400.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 110,400 |
| Retail (Maximum) | 1 | 1,200 | ₹ 110,400 |
| HNI (Minimum) | 2 | 2,400 | ₹ 220,800 |
Promoters Holdings
Mr. Ravi Agarwal and Mr. Nikhil Aggarwal are the promoters of the company.
| Pre-issue Shares Holdings | 69.95% |
| Post-issue Shares Holdings | 51.54% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Cellecor Gadgets Limited Unit No. 703, 7th Floor, Jaksons Crown Heights Plot No. 3BI Twin District Centre, Sector 10 Rohini Delhi – 110085 Phone: 011 – 45038228 Email: cs@cellecor.in Website: https://cellecor.com/ |
| IPO Registrar | Skyline Financial Services Private Ltd Phone: 02228511022 Email: compliances@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
| IPO Lead Manager(s) | Narnolia Financial Services Ltd |
FAQs
What is Cellecor Gadgets’s IPO price?
The Cellecor Gadgets IPO price is ₹ 87 to ₹ 92 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Cellecor Gadgets IPO contains 1,200 shares of ₹ 110,400.
When will the Cellecor Gadgets IPO allotment be available?
The finalisation of the basis of allotment for the Cellecor Gadgets IPO will be done on September 25, 2023, and the allotted shares will be credited to your demat account by September 27, 2023. Check the Cellecor Gadgets IPO allotment status.
When will the Cellecor Gadgets IPO be listed on exchanges?
The Cellecor Gadgets IPO shares listing date is September 28, 2023.
How many Cellecor Gadgets IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.
