Cellecor Gadgets Limited IPO Detail
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:
- Entertainment and Communication: Here, the company provides smart and conventional televisions that are fully outfitted with the GENZ Android operating system, and sound systems & sound bars. This category has 35 SKUs of televisions, 15 SKUs of sound systems and sound bars, and 70 SKUs of mobile phones.
- Peripherals: Here, the company provides True Wireless ("TWS") Earbuds, Neckbands, and Smart Watches. These categories have more than 145 SKUs.
- Modern Accessories: Here, the company provides power banks, data cables, USB chargers, quick chargers, and other items under this category, many Wireless and Standard Power banks, all types of high-strength data lines, and the necessary adapters or chargers for each. More than 40 SKUs fall into this category.
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.
Company Promoters
Mr. Ravi Agarwal and Mr. Nikhil Aggarwal are the promoters of the company.IPO Details
| IPO Opening Date | Sep 15, 2023 |
| IPO Closing Date | Sep 20, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹87 - 92 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹50.77 Cr |
| Fresh Issue | 5,518,800 shares (aggregating up to ₹50.77 Cr) |
| Offer for Sale | - |
| Retail Portion | 35.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 1.02x | 3.52x | 1.98x |
| Day 2 | 0.10x | - | - | 12.26x | 31.42x | 18.37x |
| Day 3 | 57.58x | - | - | 176.54x | 124.08x | 116.33x |
IPO Tentative Timetable
The Cellecor Gadgets Limited IPO open date is Sep 15, 2023, and the close date is Sep 20, 2023. The issue may list on Sep 28, 2023.
| IPO Open Date | Sep 15, 2023 |
| IPO Close Date | Sep 20, 2023 |
| Basis of Allotment Date | Sep 25, 2023 |
| Initiation of Refunds | Sep 26, 2023 |
| Credit of Shares to Demat Account | Sep 27, 2023 |
| IPO Listing Date | Sep 28, 2023 |
IPO Lot Size
The Cellecor Gadgets Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹110400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹110400 |
| Maximum | 1 | 1200 | ₹110400 |
IPO Promoter Holding
| Pre Issue Share Holding | 69.95% |
| Post Issue Share Holding | 51.54% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 2367.23 | 12128.99 | 213.56 |
| 31-Mar-23 | 7002.52 | 26436.56 | 797.07 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working Capital Requirement,
- General Corporate Purposes, and
- Issue Expenses.
Cellecor Gadgets Limited IPO Registrar:
Skyline Financial Services Private Ltd
Cellecor Gadgets Limited IPO Lead Manager(s):
Narnolia Financial Services Ltd
Company Contact Information:
Cellecor Gadgets Limited
Unit No. 703, 7th Floor, Jaksons Crown Heights Plot No. 3BI Twin District Centre, Sector 10 Rohini
Delhi
Delhi
