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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.
| 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 Size | 5,034,000 shares (aggregating up to ₹50.34 Cr) |
| Fresh Issue | 5,034,000 shares (aggregating up to ₹50.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,651,600 |
| Share holding post issue | 18,685,600 |
| Market Maker portion | 252,000 shares Nnm Securities |
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 Offered | 252,000 (5.01%) |
| Other Shares Offered | 2,391,000 (47.50%) |
| Retail Shares Offered | 2,391,000 (47.50%) |
| Total Shares Offered | 5,034,000 (100%) |
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 |
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 | |||
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% |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 5,585.12 | 27,811.89 | 159.97 | 1,102.20 | 988.44 |
| 31-Mar-21 | 6,530.63 | 22,356.02 | 69.11 | 1,171.31 | 1,057.55 |
| 31-Mar-22 | 8,270.46 | 27,004.43 | 164.63 | 1,335.94 | 1,222.18 |
| 31-Dec-22 | 9,064.19 | 22,167.60 | 580.96 | 1,916.94 | 551.78 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Cell Point (India) IPO is Rs 186.86 Cr.
| KPI | Values |
|---|---|
| RoNW | 10.55% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.6 | |
| P/E (x) | 24.1 |
The company intends to utilize the proceeds from the net issue for the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 4.11 |
| Retail | 7.92 |
| Total | 6.03 |
Total Application : 15,781 (7.92 times)
| Listing Date | June 28, 2023 |
| BSE Script Code | |
| NSE Symbol | CELLPOINT |
| ISIN | INE0O0001013 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹100.00 |
| ₹95.00 |
| ₹100.00 |
| ₹95.00 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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