Cellecor Gadgets IPO Details: Cellecor Gadgets, is set to launch its initial public offering (IPO) on September 15, 2023. The IPO will close on September 20, 2023. The company is looking to raise ₹50.77 crores through the IPO. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Cellecor Gadgets IPO?
Cellecor Gadgets IPO is a an initial public offering (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 opened for subscription on 15 September 2023 and will close on 20 September 2023. The shares will be listed on the NSE SME exchange on 28 September 2023.
Cellecor Gadgets is a company that procures, brands, and distributes an array of electronic gadgets and equipment, such as television sets, mobile phones, smart wearables, mobile accessories, smart watches, and neckbands. It runs one of the largest distribution and service networks for electronic equipment and smart products in India.
The company was incorporated in 2020 and is headquartered in Ahmedabad, Gujarat. It has a network of over 1,200 service centres and that is complemented by more than 800 distributors across the length and breadth of India.
The proceeds from the IPO will be used to fund the company’s working capital requirements and for expansion. The company plans to use the funds to set up a new manufacturing unit, widen its product portfolio, and strengthen its marketing and distribution network.
The IPO is a good opportunity for investors to participate in the growth of the electronic gadgets and equipment industry. The industry is expected to grow at a CAGR of 8%-10% in the next few years.
However, there are some risks associated with the IPO. The company is a relatively small company and has limited financial resources. The company also faces competition from other electronic gadgets and equipment companies.
Investors should carefully consider the risks and rewards of the Cellecor Gadgets IPO before investing.
Objectives of Cellecor Gadgets IPO
The objectives of the Cellecor Gadgets IPO are to:
- Raise ₹50.77 crores to fund the company’s working capital requirements and for expansion.
- Set up a new manufacturing unit.
- Widen the company’s product portfolio.
- Strengthen the company’s marketing and distribution network.
The company believes that the IPO will help it to achieve its growth plans and become a leading player in the electronic gadgets and equipment industry.
Investors should carefully consider the objectives of the IPO before investing. They should also do their own due diligence to understand the risks involved in investing in the IPO.
Here are some of the key risks to consider before investing in Cellecor Gadgets IPO:
- The company is a relatively new company and has limited financial resources.
- The company faces competition from other electronic gadgets and equipment companies.
- The industry is cyclical and is subject to fluctuations in demand.
Investors should carefully consider these risks before investing in Cellecor Gadgets IPO.
Cellecor Gadgets IPO Date & Price Band Details
| IPO Open: | September 15, 2023 |
| IPO Close: | September 20, 2023 |
| IPO Size: | Approx ₹50.77 Crores, 5,518,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹87 to ₹92 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Cellecor Gadgets IPO Market Lot
The Cellecor Gadgets IPO minimum market lot is 1200 shares with a ₹110,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹110,400 |
| Retail Maximum | 1 | 1200 | ₹110,400 |
| S-HNI Minimum | 2 | 2400 | ₹220,800 |
Cellecor Gadgets IPO Dates
The Cellecor Gadgets IPO date is September 15 and the IPO close date is September 20. The IPO allotment date is September 25 and the IPO might list on September 28.
| IPO Open Date: | September 15, 2023 |
| IPO Close Date: | September 20, 2023 |
| Basis of Allotment: | September 25, 2023 |
| Refunds: | September 26, 2023 |
| Credit to Demat Account: | September 27, 2023 |
| IPO Listing Date: | September 28, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Cellecor Gadgets IPO Subscription Status
For the latest update on the Cellecor Gadgets IPO, you can check this dedicated page for IPO subscription status.
Cellecor Gadgets IPO Allotment Status
For the latest update on the Cellecor Gadgets IPO, you can check this dedicated page for IPO allotment status.
Cellecor Gadgets IPO Forms
For IPO form for the Cellecor Gadgets IPO, you can check this dedicated page for IPO Forms.
Cellecor Gadgets Company Financials
Here are some of the financial highlights of Cellecor Gadgets:
- Revenue: The company’s revenue grew from ₹12.12 crores in FY22 to ₹26.43 crores in FY23.
- Profit: The company’s profit was ₹2.14 crores in FY22 and ₹7.97 crores in FY23.
- Gross margin: The company’s gross margin was 22.3% in FY22 and 25.8% in FY23.
- Operating profit margin: The company’s operating profit margin was 11.1% in FY22 and 20.6% in FY23.
- Net profit margin: The company’s net profit margin was 17.8% in FY22 and 30.8% in FY23.
- Current ratio: The company’s current ratio was 1.72 in FY22 and 1.91 in FY23.
The company’s financial performance has been improving in recent years. The company’s revenue and profit have been growing steadily. The company’s gross margin and operating profit margin have also been improving. The company’s current ratio is healthy.
However, the company is still a relatively small company and has not yet been profitable for a sustained period. The company also faces competition from other electronic gadgets and equipment companies.
Investors should carefully consider the financials of Cellecor Gadgets before investing in the IPO.
Here are some of the key risks to consider before investing in Cellecor Gadgets IPO:
- The company is still a relatively new company and has not yet been profitable for a sustained period.
- The company faces competition from other electronic gadgets and equipment companies.
- The industry is cyclical and is subject to fluctuations in demand.
Company Promoters
- Mr. Ravi Agarwal
- Mr. Nikhil Aggarwal
Cellecor Gadgets IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/
Company Address
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 FAQs
Cellecor Gadgets, is set to launch its initial public offering (IPO) on September 15, 2023. The IPO will close on September 20, 2023.
The IPO is to open on September 15, 2023.
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
You can apply for the Cellecor Gadgets IPO through a broker or directly through the stock exchanges.
To apply through a broker, you will need to open a demat and trading account with the broker. Once you have opened the account, you can contact the broker to apply for the IPO.
To apply directly through the stock exchanges, you will need to have a trading account with a stock exchange. You can then log in to your trading account and apply for the IPO.
The minimum investment amount for the Cellecor Gadgets IPO is ₹1200 (100 shares). The IPO will open on 15 September 2023 and will close on 20 September 2023.
Here are the steps on how to apply for the Cellecor Gadgets IPO through a broker:
Open a demat and trading account with a broker.
Contact the broker to apply for the IPO.
Provide the broker with your PAN number, bank account details, and investment amount.
The broker will then apply for the IPO on your behalf.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are the steps on how to apply for the Cellecor Gadgets IPO directly through the stock exchanges:
Open a trading account with a stock exchange.
Log in to your trading account.
Go to the IPO section of the trading platform.
Select the Cellecor Gadgets IPO.
Enter the number of shares you want to apply for and the subscription amount.
Submit the application.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
It is important to note that the IPO may be oversubscribed, which means that there may be more demand for shares than there are shares available. In this case, not all applicants will be allotted shares.
If you are allotted shares, you will be required to pay the full subscription amount within a few days of the allotment. The shares will then be credited to your demat account.
I hope this helps!
Here are some things to keep in mind when applying for the Cellecor Gadgets IPO:
You must have a demat and trading account with a broker.
You must have sufficient funds in your bank account to make the payment.
The minimum investment amount for the Cellecor Gadgets IPO is ₹1200 (100 shares).
The IPO will open on 15 September 2023 and will close on 20 September 2023.
Yes, you can apply for the Cellecor Gadgets IPO through Zerodha. Here are the steps on how to do it:
Open the Zerodha Kite app.
Tap on the “Orders” tab.
Tap on the “IPO” tab.
Select the Cellecor Gadgets IPO from the list of ongoing IPOs.
Enter the number of shares you want to apply for and the subscription amount.
Tap on the “Apply” button.
Enter your UPI ID and confirm the payment.
Your application will be submitted once the payment is successful. You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are some things to keep in mind when applying for the Cellecor Gadgets IPO through Zerodha:
You must have a Zerodha trading account.
You must have sufficient funds in your bank account to make the payment.
The minimum investment amount for the Cellecor Gadgets IPO is ₹1200 (100 shares).
The IPO will open on 15 September 2023 and will close on 20 September 2023.