Frog Cellsat IPO Detail
Incorporated 2004, Frog Cellsat Limited is engaged in manufacturing of telecom equipment used by telecom operators especially in Telecom Towers. The company manufactures 2G/3G/4G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeater, Multi-band Optical DAS system, relative software and accessories.
The company offers services such as Installation and Roll-out Services, Network Maintenance Services and Installation and Roll-out Services.
Frog Cellsat Limited has two production unit one is located in Noida and second one is in located in Dehradun. The company's design, development, manufacturing, and quality control processes are ISO 9001:2015 certified.
Frog Cellsat Limited is providing its products and services across Asia, Europe, Africa, and the Middle East.
Competitive Strength :
- Leveraging the experience of our Promoters and management.
- Quality Product at Competitive Price.
- In House R&D Facility.
- Strong Sales and Service Team.
Company Promoters
Mr. Konark Trivedi and Star Private TrustIPO Details
| IPO Opening Date | Sep 29, 2022 |
| IPO Closing Date | Oct 04, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹97 - 102 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹41.57 Cr |
| Fresh Issue | ₹41.57 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.22x | 0x | 0x | |
| Day 2 | - | - | 0.22x | 3x | 3rd Oct 2022 17:02x | |
| Day 3 | - | - | 70.94x | 22.10x | 21.06x | |
| Day 4 | - | - | 70.94x | 22.10x | 21.06x | |
| Day 5 | - | - | 70.94x | 22.10x | 21.06x | |
| Day 6 | - | - | 70.94x | 22.10x | 21.06x | |
| Day 7 | - | - | 70.94x | 22.10x | 21.06x | |
| Day 8 | - | - | 70.94x | 22.10x | 21.06x | |
| Day 9 | - | - | 70.94x | 22.10x | 21.06x |
IPO Tentative Timetable
The Frog Cellsat IPO open date is Sep 29, 2022, and the close date is Oct 04, 2022. The issue may list on Oct 13, 2022.
| IPO Open Date | Sep 29, 2022 |
| IPO Close Date | Oct 04, 2022 |
| Basis of Allotment Date | Oct 10, 2022 |
| Initiation of Refunds | Oct 11, 2022 |
| Credit of Shares to Demat Account | Oct 12, 2022 |
| IPO Listing Date | Oct 13, 2022 |
IPO Lot Size
The Frog Cellsat IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹122400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹122400 |
| Maximum | 1 | 1200 | ₹122400 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.49% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 8728.53 | 8850.61 | 139.12 |
| 31-Mar-21 | 9285.27 | 12939.84 | 1425.76 |
| 31-Mar-22 | 9724.63 | 13529.24 | 1433.76 |
Objects of the Issue:
The objects of the Offer are:-
1. To part finance the expansion project.
2. General Corporate Purposes.
3. Issue Expenses.
Frog Cellsat IPO Registrar:
Skyline Financial Services Private Ltd
Frog Cellsat IPO Lead Manager(s):
Sarthi Capital Advisors Private Limited
Company Contact Information:
Frog Cellsat
Office No. 406,
D-35 Third Floor Old Plot No. 2-A,
Laxmi Nagar Delhi East, Delhi 110092
