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Cellecor Gadgets IPO is a book built issue of Rs 50.77 crores. The issue is entirely a fresh issue of 55.19 lakh shares.
Cellecor Gadgets IPO bidding started from September 15, 2023 and ended on September 20, 2023. The allotment for Cellecor Gadgets IPO was finalized on Monday, September 25, 2023. The shares got listed on NSE SME on September 28, 2023.
Cellecor Gadgets IPO price band is set at ₹87 to ₹92 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹110,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹220,800.
Narnolia Financial Services Ltd is the book running lead manager of the Cellecor Gadgets IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Cellecor Gadgets IPO are Ss Corporate Securities and Kantilal Chhaganlal Securities.
Refer to Cellecor Gadgets IPO RHP for detailed information.
| IPO Date | September 15, 2023 to September 20, 2023 |
| Listing Date | September 28, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹87 to ₹92 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,518,800 shares (aggregating up to ₹50.77 Cr) |
| Fresh Issue | 5,518,800 shares (aggregating up to ₹50.77 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,448,980 |
| Share holding post issue | 20,967,780 |
| Market Maker portion | 276,000 shares Ss Corporate Securities Kantilal Chhaganlal Securities |
Cellecor Gadgets IPO offers 5,518,800 shares. 1,048,800 (19.00%) to QIB, 787,200 (14.26%) to NII, 1,834,800 (33.25%) to RII 1,572,000 (28.48%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,572,000 (28.48%) |
| Market Maker Shares Offered | 276,000 (5.00%) |
| QIB Shares Offered | 1,048,800 (19.00%) |
| NII (HNI) Shares Offered | 787,200 (14.26%) |
| Retail Shares Offered | 1,834,800 (33.25%) |
| Total Shares Offered | 5,518,800 (100%) |
Cellecor Gadgets IPO raises Rs 14.46 crore from anchor investors. Cellecor Gadgets IPO Anchor bid date is September 14, 2023. Cellecor Gadgets IPO Anchor Investors list
| Bid Date | September 14, 2023 |
| Shares Offered | 1,572,000 |
| Anchor Portion Size (In Cr.) | 14.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2023 |
Cellecor Gadgets IPO opens on September 15, 2023, and closes on September 20, 2023.
| IPO Open Date | Friday, September 15, 2023 |
| IPO Close Date | Wednesday, September 20, 2023 |
| Basis of Allotment | Monday, September 25, 2023 |
| Initiation of Refunds | Tuesday, September 26, 2023 |
| Credit of Shares to Demat | Wednesday, September 27, 2023 |
| Listing Date | Thursday, September 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 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 | ₹110,400 |
| Retail (Max) | 1 | 1200 | ₹110,400 |
| HNI (Min) | 2 | 2,400 | ₹220,800 |
| Lot Size Calculator | |||
Mr. Ravi Agarwal and Mr. Nikhil Aggarwal are the promoters of the company.
| Share Holding Pre Issue | 69.95% |
| Share Holding Post Issue | 51.54% |
Incorporated in 2020, Cellecor Gadgets Limited is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands.
The company has three business verticals:
Cellecor Gadgets has more than 1200 service centers, and more than 800 Distributors. Its products are also present at over 24,000 retail stores with more than 300 ranges of products and 100 million users in Pan India through offline and online channels.
The company recorded Rs. 26,436.56 Lacs, and Rs. 12,128.99 Lacs in Revenue from operations in fiscal 2023 and 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 10.00 | 2,367.23 | 7,002.52 |
| Revenue | 0.00 | 12,128.99 | 26,436.56 |
| Profit After Tax | -2.42 | 213.56 | 797.07 |
| Net Worth | 7.58 | 221.14 | 1,381.26 |
| Reserves and Surplus | -2.42 | 211.14 | 1,369.94 |
| Total Borrowing | 121.75 | 2,084.38 |
The market capitalization of Cellecor Gadgets IPO is Rs 192.9 Cr.
| KPI | Values |
|---|---|
| ROE | 57.71% |
| ROCE | 63.88% |
| Debt/Equity | 1.51 |
| RoNW | 57.71% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.84 | |
| P/E (x) | 13.45 | 24.21 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is currently trading in electronic products and does not have its own manufacturing unit. It mulls entering into manufacturing activities in the near term. Super performance for FY22 and FY23 raise eyebrows and concern over sustainability. Based on FY23 bumper earnings, the issue appears fully priced. Well-informed/cash surplus/risk seekers may park funds. Read detail review...
The Cellecor Gadgets IPO is subscribed 116.33 times on September 20, 2023 7:29:00 PM. The public issue subscribed 124.08 times in the retail category, 57.58 times in the QIB category, and 176.54 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 57.58 |
| NII | 176.54 |
| Retail | 124.08 |
| Total | 116.33 |
Total Application : 189,720 (124.08 times)
| Listing Date | September 28, 2023 |
| BSE Script Code | |
| NSE Symbol | CELLECOR |
| ISIN | INE0OMO01017 |
| Final Issue Price | ₹92 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹92.00 |
| ₹92.00 |
| ₹88.15 |
| ₹96.60 |
| ₹96.60 |
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Check our SME IPO Guide 
Cellecor Gadgets IPO is a SME IPO of 5,518,800 equity shares of the face value of ₹10 aggregating up to ₹50.77 Crores. The issue is priced at ₹87 to ₹92 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 15, 2023, and closes on September 20, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Cellecor Gadgets IPO using UPI as a payment gateway. Zerodha customers can apply in Cellecor Gadgets IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cellecor Gadgets IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cellecor Gadgets IPO opens on September 15, 2023 and closes on September 20, 2023.
Cellecor Gadgets IPO lot size is 1200 Shares, and the minimum amount required is ₹110,400.
You can apply in Cellecor Gadgets 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 Cellecor Gadgets IPO will be done on Monday, September 25, 2023, and the allotted shares will be credited to your demat account by Wednesday, September 27, 2023. Check the Cellecor Gadgets IPO allotment status.
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