Cellecor Gadgets IPO GMP Details
Cellecor Gadgets Limited, Incorporated in 2020, is actively involved in the procurement, branding, and distribution of a wide range of electronic products, including televisions, mobile phones, Smart Wearables, mobile accessories, smartwatches, and neckbands.
The company operates across three primary business segments:
- Entertainment and Communication: In this segment, Cellecor Gadgets offers a diverse range of smart and conventional televisions that come equipped with the GENZ Android operating system, as well as sound systems and soundbars. This category boasts 35 different models of televisions, 15 models of sound systems and soundbars, and 70 models of mobile phones.
- Peripherals: Under this category, the company provides an array of electronic peripherals, including True Wireless (“TWS”) Earbuds, Neckbands, and Smart Watches. This segment offers more than 145 different models of these products.
- Modern Accessories: Cellecor Gadgets offers various modern accessories in this segment, such as power banks, data cables, USB chargers, quick chargers, and other related items. The product range includes numerous Wireless and Standard Power banks, a wide selection of high-quality data cables, and the necessary adapters or chargers for different devices. This category comprises over 40 different models.
Cellecor Gadgets has established a robust presence with a network of more than 1,200 service centers and over 800 distributors. Additionally, its products are available at more than 24,000 retail stores, reaching a vast customer base of over 100 million users across India through both offline and online channels.
The company reported revenues of Rs. 26,436.56 Lacs and Rs. 12,128.99 Lacs from its operations for fiscal years 2023 and 2022, respectively.
Cellecor Gadgets Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue
The company plans to utilize the net proceeds from the issue for the following purposes:
- Meeting Working Capital Requirements
- General Corporate Purposes
- Covering Issue Expenses
Cellecor Gadgets IPO Details
Cellecor Gadgets IPO is a Book Built Issue with a total issue size of Rs 50.77 Crores. The price range for Cellecor Gadgets IPO shares is from ₹87 to ₹92 per share. The IPO is set to be listed on NSE SME.
| IPO Date | September 15, 2023 to September 20, 2023 |
| Listing Date | September 28, 2023 |
| Face Value | ₹10 per share |
| Price | ₹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 ₹[.] 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Cellecor Gadgets IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Cellecor Gadgets IPO Lot Size
The minimum lot size of this Cellecor Gadgets IPO is 1200 shares required is ₹110,400.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹110,400 |
| Retail (Max) | 1 | 1200 | ₹110,400 |
| HNI (Min) | 2 | 2,400 | ₹220,800 |
Cellecor Gadgets IPO Dates
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 |
Cellecor Gadgets Limited Financial Report
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 10.00 | 2,367.23 | 7,000.52 |
| 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 |
Key Performance Indicator of Cellecor Gadgets Ltd
| KPI | Values |
|---|---|
| ROE | 57.71% |
| ROCE | 63.88% |
| Debt/Equity | 1.51 |
| EPS (Rs) | 6.84 |
| RoNW | 57.71% |
Cellecor Gadgets IPO Promoter Holding
Mr. Ravi Agarwal and Mr. Nikhil Aggarwal are the promoters of the company.
| Pre Issue Share Holding | 69.95% |
| Post Issue Share Holding | 51.54% |
Cellecor Gadgets Contact Information
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/
Cellecor Gadgets IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Cellecor Gadgets IPO FAQs
What is Cellecor Gadgets IPO?
Cellecor Gadgets IPO is a SME IPO of 5,518,800 equity shares with a face value of ₹10, aggregating up to ₹50.77 Crores. The issue price ranges from ₹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 intended to be listed on NSE SME.
How can I apply for Cellecor Gadgets IPO through Zerodha?
Zerodha customers can apply for Cellecor Gadgets IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), and submit an IPO application form. Here are the steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click on the IPOs link.
3. Find the ‘Cellecor Gadgets IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does Cellecor Gadgets IPO open?
Cellecor Gadgets IPO opens on September 15, 2023, and closes on September 20, 2023.
What is the lot size of Cellecor Gadgets IPO?
The lot size for Cellecor Gadgets IPO is 1200 Shares, and the minimum application amount required is ₹110,400.
How can I apply for Cellecor Gadgets IPO?
You can apply for Cellecor Gadgets IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available through the net banking of your bank account. UPI IPO application is offered by brokers who do not provide banking services. For more details, read about applying for IPOs online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the allotment for Cellecor Gadgets IPO be finalized?
The Basis of Allotment for Cellecor Gadgets IPO will be finalized on Monday, September 25, 2023. Allotted shares will be credited to your demat account by Wednesday, September 27, 2023. You can check the Cellecor Gadgets IPO allotment status.
When is the listing date for Cellecor Gadgets IPO?
The listing date for Cellecor Gadgets IPO has not been announced yet. The tentative listing date is Thursday, September 28, 2023.
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