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Cellecor Gadgets IPO GMP, Price, Dates & Allotment Details 2023

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 Ratio1.51
ROE57.71%
ROCE63.88%
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:

  1. Working Capital Requirement,
  2. General Corporate Purposes, and
  3. Issue Expenses.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,381.26221.147.58
Total Assets7,000.522,367.2310.00
Reserve & Surplus1,369.94211.14(2.42)
Total Borrowings2,084.38121.75
Total Revenue24,436.5612,128.990.00
Profit After Tax797.07213.56(2.42)
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 87 to ₹ 92 per share
Face Value₹ 10 per share
Market Lot1,200 shares
Issue Size5,518,800 shares (aggregating up to ₹ 50.77 crores)
Fresh Issue5,518,800 shares (aggregating up to ₹ [.] crores)
Listing AtNSE SME

Market Maker detail

Market maker• SS Corporate Securities
• Kantilal Chhaganlal Securities
Market maker portion276,000 shares

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
NII (HNI) shares offeredNot less than 15% of the offer
Retail shares offeredNot 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 DateSeptember 15, 2023
Closing DateSeptember 20, 2023
Basis of AllotmentSeptember 25, 2023
Initiation of RefundsSeptember 26, 2023
A credit of shares to Demat A/cSeptember 27, 2023
Listing DateSeptember 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,200₹ 110,400
Retail (Maximum)11,200₹ 110,400
HNI (Minimum)22,400₹ 220,800  

Promoters Holdings 

Mr. Ravi Agarwal and Mr. Nikhil Aggarwal are the promoters of the company.

Pre-issue Shares Holdings69.95%
Post-issue Shares Holdings51.54%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationCellecor 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: [email protected]
Website: https://cellecor.com/
IPO RegistrarSkyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
IPO Lead Manager(s)Narnolia Financial Services Ltd

FAQs

The Cellecor Gadgets IPO price is ₹ 87 to ₹ 92 per share.

The minimum investment size is one lot for retail investors. One lot of the Cellecor Gadgets IPO contains 1,200 shares of ₹ 110,400.

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.

The Cellecor Gadgets IPO shares listing date is September 28, 2023.

The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.

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