Cell Point India IPO will open for subscription from 15 June 2023. the company aims for an issue size of ₹50.34 Cr through this IPO.
Company Overview
| Full name | Cell Point (India) Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | http://www.cellpoint.biz/ |
About Company
Incorporated in 2013, Cell Point India is engaged in multi-brand retail selling of smartphones, tablets, mobile accessories, and mobile-related products and allied accessories of various brands such as Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, GIONEE, VIVO, etc. It’s also engaged in retail selling of some of the consumer durable electronics goods, specifically, smart televisions of various brands such as Xiaomi, Realme, and One Plus. All its products are sold through its 75 retail stores in Andhra Pradesh.
The company also provides payment options such as credit/EMI facilities including UPI, vouchers, & pay on-delivery to its customers for buying its products for which the company has tied up with major leading credit houses like Bajaj Finserv, Capital First, TVS Credit finance, etc.
The Objective of the Issue
- 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
IPO Timetable
| IPO Opening date | 15 June 2023 |
| IPO Closing | 20 June 2023 |
| Basis of Allotment | 23 June 2023 |
| Initiation Refund | 26 June 2023 |
| Credit to Demat Account | 27 June 2023 |
| Listing Date | 29 June 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹50.34 Cr – 5,034,000 shares |
| Fresh Issue | ₹50.34 Cr – 5,034,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹100 per share |
| Lot size | 1200 Shares |
| Retail Allocation | – |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Reservation Details
| QIB Shares Offered | – |
| NII (HNI) Shares Offered | – |
| Retail Shares Offered | – |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 277.56 | 223.01 | 269.16 | 220.74 |
| Expenses | 275.73 | 222.29 | 267.62 | 213.57 |
| Net income | 1.60 | 0.69 | 1.65 | 5.81 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 14.06 | 6.07 | 14.47 |
| PE ratio | – | – | 6.91 |
| RONW (%) | 14.51 | 5.90 | 12.32 |
| NAV | 96.90 | 102.97 | 117.45 |
| ROCE (%) | 20.72 | 13.75 | 16.06 |
| EBITDA (%) | 3.35 | 3.39 | 3.96 |
| Debt/Equity | 3.51 | 3.85 | 4.24 |
Company Promoters
- Mr. Mohan Prasad Panday
- Mr. Bala Balaji Panday
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.06% |
Lead Manager(s)
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email: mb@focl.in
Website: www.focl.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
CELL POINT (INDIA) LIMITED
Door No 30-15-139/F/5,6 Ward No 27,
Ram’s Arcade, Opposite Visakha Medical Centre,
Dabagardens, Visakhapatnam, Andhra Pradesh 530020
Phone: +91 9000113897
E-mail: cs@cellpoint.biz
Website: www.cellpoint.biz
Allotment Status
Cell Point IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Cell Point India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
