Cell Point (India) Limited IPO Detail
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 Promoters
Mr. Mohan Prasad Panday and Mr. Bala Balaji Panday are the company promoters.IPO Details
| IPO Opening Date | Jun 15, 2023 |
| IPO Closing Date | Jun 20, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹50.34 Cr |
| Fresh Issue | 5,034,000 shares (aggregating up to ₹50.34 Cr) |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The Cell Point (India) Limited IPO open date is Jun 15, 2023, and the close date is Jun 20, 2023. The issue may list on Jun 29, 2023.
| IPO Open Date | Jun 15, 2023 |
| IPO Close Date | Jun 20, 2023 |
| Basis of Allotment Date | Jun 23, 2023 |
| Initiation of Refunds | Jun 26, 2023 |
| Credit of Shares to Demat Account | Jun 27, 2023 |
| IPO Listing Date | Jun 29, 2023 |
IPO Lot Size
The Cell Point (India) Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00 |
| Post Issue Share Holding | 73.06 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 6530.63 | 22356.02 | 69.11 |
| 31-Mar-22 | 8270.46 | 27004.43 | 164.63 |
| 31-Dec-22 | 9064.19 | 22167.60 | 580.96 |
Objects of the Issue:
The company intends to utilize the proceeds from the net issue for the following objects:
- Repayment of certain borrowings;
- Repairs and Renovation of existing retail outlets & setting of new retail outlets;
- To meet the Working Capital requirements;
- General Corporate Expenses; and
- Issue Expenses
Cell Point (India) Limited IPO Registrar:
Bigshare Services Pvt Ltd
Cell Point (India) Limited IPO Lead Manager(s):
First Overseas Capital Limited
Company Contact Information:
Cell Point (India) Limited
Door No 30-15-139/F/5, 6 Ward No 27, Ram’s Arcade, Opposite Visakha Medical Centre
Dabagardens
Visakhapatnam
