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Cell Point (India) Limited IPO (Cell Point (India) IPO) Detail

June 15, 2023 - June 20, 2023

Cell Point (India) IPO is a fixed price issue of Rs 50.34 crores. The issue is entirely a fresh issue of 50.34 lakh shares.

Cell Point (India) IPO bidding started from June 15, 2023 and ended on June 20, 2023. The allotment for Cell Point (India) IPO was finalized on Friday, June 23, 2023. The shares got listed on NSE SME on June 28, 2023.

Cell Point (India) IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.

First Overseas Capital Limited is the book running lead manager of the Cell Point (India) IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Cell Point (India) IPO is Nnm Securities.

Refer to Cell Point (India) IPO RHP for detailed information.

Cell Point (India) IPO Details

IPO Date June 15, 2023 to June 20, 2023
Listing Date June 28, 2023
Face Value ₹10 per share
Price ₹100 per share
Lot Size 1200 Shares
Total Issue Size5,034,000 shares
(aggregating up to ₹50.34 Cr)
Fresh Issue5,034,000 shares
(aggregating up to ₹50.34 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding post issue18,685,600
Market Maker portion252,000 shares
Nnm Securities

Cell Point (India) IPO Reservation

Cell Point (India) IPO offers 5,034,000 shares. 2,391,000 (47.50%) to NII, 2,391,000 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered252,000 (5.01%)
Other Shares Offered2,391,000 (47.50%)
Retail Shares Offered2,391,000 (47.50%)
Total Shares Offered5,034,000 (100%)

Cell Point (India) IPO Timeline (Tentative Schedule)

Cell Point (India) IPO opens on June 15, 2023, and closes on June 20, 2023.

IPO Open Date Thursday, June 15, 2023
IPO Close Date Tuesday, June 20, 2023
Basis of Allotment Friday, June 23, 2023
Initiation of Refunds Monday, June 26, 2023
Credit of Shares to Demat Tuesday, June 27, 2023
Listing Date Wednesday, June 28, 2023
Cut-off time for UPI mandate confirmation 5 PM on June 20, 2023

Cell Point (India) IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000
HNI (Min) 2 2,400 ₹240,000
Lot Size Calculator

Cell Point (India) IPO Promoter Holding

Mr. Mohan Prasad Panday and Mr. Bala Balaji Panday are the company promoters.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.06%

About Cell Point (India) Limited

Incorporated in 2001, Cell Point (India) Limited is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories, and mobile-related products and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Redmi, and Oneplus.

The company is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs of various brands such as Xiaomi, Realme, and One Plus.

The company has over 75 stores across the state of Andhra Pradesh. Out of the 75 stores, 2 stores are owned properties and 73 stores are on leased properties.

Company Financials

Cell Point (India) Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-205,585.1227,811.89159.971,102.20988.44
31-Mar-216,530.6322,356.0269.111,171.311,057.55
31-Mar-228,270.4627,004.43164.631,335.941,222.18
31-Dec-229,064.1922,167.60580.961,916.94551.78
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Cell Point (India) IPO is Rs 186.86 Cr.

Pre IPO Post IPO
EPS (Rs) 11.6
P/E (x) 24.1

Objects of the Issue (Cell Point (India) IPO Objectives)

The company intends to utilize the proceeds from the net issue for the following objects:

  1. Repayment of certain borrowings;
  2. Repairs and Renovation of existing retail outlets & setting of new retail outlets;
  3. To meet the Working Capital requirements;
  4. General Corporate Expenses; and
  5. Issue Expenses

Cell Point (India) IPO Review (Avoid)

[Dilip Davda]  The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for 9M-FY23 raised eyebrows and concern over sustainability going forward. Based on such super earnings, the issue appears greedily priced, while based on its track records, it appears exorbitantly priced. There is no harm in skipping this pricey issue. Read detail review...


Cell Point (India) IPO Subscription Status (Bidding Detail)

The Cell Point (India) IPO is subscribed 6.03 times on June 20, 2023 7:29:00 PM. The public issue subscribed 7.92 times in the retail category, times in the QIB category, and 4.11 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other4.11
Retail7.92
Total6.03

Total Application : 15,781 (7.92 times)

Cell Point (India) IPO Prospectus

Cell Point (India) IPO Rating

12
3.0
Rating:Rated 3.0 stars
Vote Here ...

Cell Point (India) IPO Listing Details

Listing Date June 28, 2023
BSE Script Code
NSE Symbol CELLPOINT
ISIN INE0O0001013
Final Issue Price ₹100 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹100.00
₹100.00
₹95.00
₹100.00
₹95.00

Check IPO Performance…

Cell Point (India) Limited Contact Details

Cell Point (India) Limited
Door No 30-15-139/F/5, 6 Ward No 27,
Ram’s Arcade, Opposite Visakha Medical Centre,
Dabagardens, Visakhapatnam 530020
Phone: +91 9000113897
Email: cs@cellpoint.biz
Website: https://cellpoint.biz/

Cell Point (India) IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Cell Point (India) IPO - Buy or Not

Cell Point (India) IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 2 1 1

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Cell Point (India) IPO FAQs

Cell Point (India) IPO is a SME IPO of 5,034,000 equity shares of the face value of ₹10 aggregating up to ₹50.34 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.

The IPO opens on June 15, 2023, and closes on June 20, 2023.

Bigshare 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 Cell Point (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Cell Point (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Cell Point (India) IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Cell Point (India) IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Cell Point (India) IPO opens on June 15, 2023 and closes on June 20, 2023.

Cell Point (India) IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.

You can apply in Cell Point (India) IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Cell Point (India) IPO will be done on Friday, June 23, 2023, and the allotted shares will be credited to your demat account by Tuesday, June 27, 2023. Check the Cell Point (India) IPO allotment status.

The Cell Point (India) IPO listing date is on June 28, 2023.
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Cell Point (India) IPO Message Board

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515 Comments

219. IPOmentor |   Link |  Bookmark |July 29, 2023 6:19:51 PM
एक बार 40 के नीचे जाएगा फिर चलना शुरू करेगा। आपकी पूरी इंतेहा लेगा।
218. Jonsnow |   Link |  Bookmark |July 28, 2023 5:30:21 PM (300+ Posts)
Kab chalega yeh....ab toh inteha ho gayi intezaar ki....
217. IPOmentor |   Link |  Bookmark |July 27, 2023 10:18:27 AM
किसी की नजर लग गई है।
217.2. VIPVIP |   Link |  Bookmark |July 27, 2023 12:15:04 PM (200+ Posts)
Who are Ajay Salvi & Malti Salvi?
They manipulated many SME shares. They buy at higher and sold at lower rates continuously. Why they erodes their crores of capital daily? Is it their own money?
If it is their money then why waste it this way? It is good if they use it for poor people. There are lots of options for doing some good work for country.
CG Experts please explain what is this GOTALA? Why and how is it benefit to those Salvis & other operators & promoters?
please please please... someone explain it
217.3. hunt |   Link |  Bookmark |July 28, 2023 11:28:07 AM
Salvi and some other HNI people managed by LM they bought the share listing day and sell in loss. loss is compensated by LM. It is the process that work continuously.
216. Basuvr |   Link |  Bookmark |July 25, 2023 2:23:52 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Some relief today, finally increasing.
Hope it sustains the momentum
215. VIPVIP |   Link |  Bookmark |July 25, 2023 11:14:41 AM (200+ Posts)
Can't understand Promoter's Malicious Intents?

How can such Fraud companies listed?
Why there is no rules to restrict such companies to loot Retail investor?
And why there is no actions taken even after listing fiasco & continuous manipulation by some operators with names in block deals?

#Cellpoint
#Bizotic
#Aatmaj
#CosmicCRF

BEWARE... ANOTHER MARKET SCAM & CRASH NOT MUCH FAR AWAY
214. Arjun prajapati |   Link |  Bookmark |July 25, 2023 10:01:05 AM
Samjh me nhi ata share giràkar kya milta hai operator ko.....even this script is not under fno trade so that i can buy it's put to hedge it.
213. IPOmentor |   Link |  Bookmark |July 24, 2023 8:47:19 PM
आप इसमें क्या देखकर अंग्रेज कर रहे हो। Don't put hands on following knife. More attractive options available.
212. ManishDwiv |   Link |  Bookmark |July 24, 2023 7:27:31 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Let the share price close above prev day closingg then only average or add this stock
212.4. Jonsnow |   Link |  Bookmark |July 25, 2023 3:44:20 PM (300+ Posts)
I was thinking to add cosmic today but somehow missed.....now will add aatmaj...
212.5. SUPERPP |   Link |  Bookmark |July 25, 2023 3:46:09 PM
@ManishDwiv yeh at last cosmic reveres with UC20%
and i added cell point as well to average hope it will bounce like cosmic 🙌
211. Kapil Mehra |   Link |  Bookmark |July 24, 2023 5:47:57 PM (200+ Posts)
Company person told me they will announce this week ....let us see....
210. Kapil Mehra |   Link |  Bookmark |July 24, 2023 12:10:50 PM (200+ Posts)
Company will soon announce investor conference. Let's see WT happens
210.1. SUPERPP |   Link |  Bookmark |July 24, 2023 5:39:28 PM
any idea when it will be ?
Cell Point and Cosmic CRF both are going down daily. waiting for the turn around as both company seems good by seeing (cell Point recent results) and (Order Book of Cosmic).
209. Basuvr |   Link |  Bookmark |July 24, 2023 2:40:04 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Considering good results, took entry today with 1 lot
Can wait for 3-4 months with stop-loss of 35
208. Kapil Mehra |   Link |  Bookmark |July 24, 2023 12:22:25 PM (200+ Posts)
Jai Jalaram shoot from 171 to 205 today. Cell Point s results are much better than this. Hope this will also catch some attention from HNI investors hopefully.
207. HdVarmora |   Link |  Bookmark |July 24, 2023 11:36:23 AM
I also holding 3 lot, don't want to sell in loss
206. Jonsnow |   Link |  Bookmark |July 24, 2023 11:27:45 AM (300+ Posts)
Anyone buying more of this or just waiting for turnaround?
205. Kapil Mehra |   Link |  Bookmark |July 23, 2023 12:01:12 AM (200+ Posts)
One thing is clear
Sme s are not for faint hearted
Patience and conviction is must if u want to survive.
Operators never play one sided game after severe downfall upward movement will also follow.
205.1. Jonsnow |   Link |  Bookmark |July 24, 2023 11:02:42 AM (300+ Posts)
Fingers crossed ....Waiting for upmove ......Dont want to book big loss...
204. IPOmentor |   Link |  Bookmark |July 22, 2023 2:40:56 PM
see the past of fone4 communication IPO. Its in same field as cell point. Now fone4 trading at @3.34 down 65% as IPO price. Now you have to decide. I personally think down side of such a stock is you can not imagine. Only they collect money to repayment their loans. Nothing else. I have sold my stock in lost.
204.2. IPOmentor |   Link |  Bookmark |July 22, 2023 5:33:02 PM
You are right but I personally believe that this type of company can not deserve price for a long time.
204.3. IPOmentor |   Link |  Bookmark |July 22, 2023 5:34:31 PM
Also the IPO price matter 36 v/s 100
203. Kapil Mehra |   Link |  Bookmark |July 21, 2023 11:55:34 PM (200+ Posts)
Cell Point will definitely give profit to its holders. I am sharing a strange logic. Mr.MRavi is holding 3lakhs+ shares and undoubtedly he is one of the biggest holder of sme stocks and the most humble person.
He is blessed by Goddess Lakshmi
This is my firm belief that he will be gainer in this script also.
All of us will be the witness of this mark my words.
With his best wishes I was able to earn profit in Scrip like Indong Tea which was reduced from 26 to 11 after listing and everyone was of firm opinion that this will never rise but .......reverse happened
With faith anything is possible......
202. ManishDwiv |   Link |  Bookmark |July 21, 2023 11:41:48 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Problem with cell point result is their is no certainty that their will be growth in next FY. They have a habit of declaring less profit at every alternate year nd i guess thats why no real buying is coming even after 7cr profit, cheap PE and 4.5+ eps.
They will be back to 2.5-3cr yearly profit. They should focus on more sales in already available stores instead of expanding nd less commissions to agents..Also less spending on advertisment.
202.1. ManishDwiv |   Link |  Bookmark |July 21, 2023 11:44:50 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Increasing OPM is the key in this business.
201. Kapil Mehra |   Link |  Bookmark |July 21, 2023 9:49:46 PM (200+ Posts)
What does Delivery percentage of 83.25 today indicate?yesterday was also around 75%. WT conclusion can be drawn from this. For Experts and Seniors.....please
201.1. ManishDwiv |   Link |  Bookmark |July 21, 2023 11:34:11 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Delivery %ge matters in case of rising price as people expectng more rise so they carry their position. But here everyone is holding bcoz they dont want to book loss as price goes down once they buy.
200. Pinchhitter |   Link |  Bookmark |July 21, 2023 9:34:50 PM
There is nothing to lose more now. Patience is the key if we have conviction. Avoid panic selling.