Frog Cellsat IPO Details

Incorporated in July 2004, Frog Cellsat Limited engaged in manufacturing of telecom equipment’s used by telecom operator’s especially in Telecom Towers. They manufacture

• 2G/3G/4G Multi-band Digital RF Repeaters,
• Multi-band Frequency Shift Repeater,
• Multi-band Optical DAS system, relative software and accessories.

They also offer In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. Company is providing its products and services across Asia, Europe, Africa, and the Middle East.

Objective of the issue

The objects of the Offer are-

1. To part finance the expansion project.

2. General Corporate Purposes.

3. Issue Expenses.

Financial Highlights

YEAR	FY 2022	FY 2021	FY 2020
Total Assets	9724.63	9285.27	8728.53
Net Worth	6896.18	5957.55	4531.79
Total Revenue	13529.24	12939.84	8850.61
Profit After Tax	1433.76	1425.76	139.12
Earning Per share (in Rs)	2656.48	2851.53	278.23

Frog cellsat IPO – Details

According to the DRHP filed by the company with SEBI, they are planning to raise about Rs 41.57 crores through this public issue. IPO opens on September 29 and closes on October 4, 2022.

Issue Type	Book Built Issue IPO
IPO Price	Rs 97 to Rs 102 per share
Face Value	Rs 10 per share
Market Lot	1200 shares
Issue size	4,075,200 shares of Rs 10 (Aggregating up to Rs 41.57 Cr)
Fresh Issue	4,075,200 shares of Rs 10 (Aggregating up to Rs 41.57 Cr)
QIB shares offered	Not more than 50% of the Net Offer
NII (HNI) Shares Offered	Not less than 15% of the Net Offer
Retail shares offered	Not less than 35% of the Net Offer
Listing At	NSE SME
Promoters	Mr. Konark Trivedi Star Private Trust

Important dates for Frog cellsat IPO

IPO opens on	Sep 29, 2022
IPO close on	Oct 4, 2022
Basis of Allotment publication date	Oct 10, 2022
Credit of shares to Demat Account	Oct 12, 2022
Initiation of Refund	Oct 11, 2022
IPO listing	Oct 13, 2022

Also read: Electronic Mart India IPO details?

Lot Size of Frog cellsat IPO

Application	Lots	Shares	Amount
Retail (Min)	1	1200	Rs 1,22,400
Retail (Max)	1	1200	Rs 1,22,400

Promoters Holding

Pre Issue Share Holding	99.99%
Post Issue Share Holding	73.49%

Frog cellsat IPO – SWOT Analaysis

STRENGHTS

1.  Over 17 years of experience in the industry.
2.  Well established competitive product and price.
3.  Deep engagements with Large OEM’s with long track record.
4.  Large Sales and services team spread across India available 24 x 7.

WEAKNESS

1.  Company might miss the scale of production arising out of any surge in sudden demand due to small size of the company.
2.  Lower bargaining power with suppliers because of size and availability of and funds.

OPPORTUNITY

1. Rising Internet Penetration: Internet penetration is expected to grow steadily and is likely to be bolstered by Government policy.
2. Increasing mobile subscribers: India’s mobile subscriber base is expected to reach 1,420 million by 2024 from 1,200 million in 2018.
3. Untapped Rural Market: Over 62,443 uncovered villages in India will be provided with village telephone facility with subsidy support from the governments.
4. Post frequency allocation of 5G operators will race for fast roll out.
5. In the international market, Optical DAS, Digital Repeater, Cavity Filters, IBS Accessories, Jumpers & Small Cell Antenna have big potential.

THREATS

1.  Fast changing technology is big threat as it needs constant investment in new technology and/or upgrade.
2.  Large dumping of Chinese product in the global markets might impact sale of the company.

Miscellaneous Information

Download Prospectus (PDF)	Frog cellsat IPO DRHP Frog cellsat RHP
Company Contact Information	Frog Cellsat Limited Office No. 406, D-35 Third Floor Old Plot No. 2-A, Laxmi Nagar Delhi East, Delhi 110092 Phone: 120-4859650 Email: [email protected] Website: https://www.frogcellsat.com/
IPO Registrar	Skyline Financial Services Private Ltd Phone: 02228511022 Email: [email protected] Website: https://www.skylinerta.com/
IPO Lead Manager(s)	Sarthi Capital Advisors Private Limited

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