Cellecor Gadgets IPO will open for subscription from 15 September 2023. The company aims for an issue size of ₹50.77 Cr through this IPO.
Company Overview
| Full name | Cellecor Gadgets Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://cellecor.com/ |
About Company
Incorporated in 2020, Cellecor Gadgets is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands. It sells the products under its flagship brand, i.e., CELLECOR. Over the years, the company has been able to build a presence in India by having 1200+ service centers, and 800+ distributors, and the products are also present at 24,000+ retail stores with 300+ wide range of products and 100 million users Pan India is purchasing a wide range of consumer products at affordable prices through its dealer channels (online as well as offline).
Cellecor Gadgets categorizes the business verticals into the following categories:
- Entertainment and Communication
- Peripherals
- Modern Accessories
Cellecor Gadgets warehouse network is located in Delhi, Assam, Uttar Pradesh, Karnataka, Maharashtra, Madhya Pradesh and West Bengal. The top 3 revenue generating states i.e., Uttar Pradesh, Delhi & Haryana contributed INR 61.60 crore, INR 59.81 crore, and INR 33.79 crore respectively in FY 2023, which accounted for 23.33%, 22.63 %, and 12.78%, respectively of the revenue from operations for respective fiscal years.
The Objective of the Issue
- Working Capital Requirement,
- General Corporate Purposes,
- Issue Expenses.
IPO Timetable
| IPO Opening date | 15 September 2023 |
| IPO Closing | 20 September 2023 |
| Basis of Allotment | 25 September 2023 |
| Initiation Refund | 26 September 2023 |
| Credit to Demat Account | 27 September 2023 |
| Listing Date | 28 September 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹50.77 Cr – 5,518,800 shares |
| Fresh Issue | ₹50.77 Cr – 5,518,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹87 to ₹92 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 276,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹110,400 |
| Retail (Max) | 1 | 1200 | ₹110,400 |
| HNI (Min) | 2 | 2,400 | ₹220,800 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 0.00 | 121.29 | 264.35 |
| Expenses | 0.03 | 118.30 | 253.75 |
| Net income | (0.03) | 2.14 | 7.97 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.09) | 1.92 | 6.84 |
| PE ratio | – | – | 12.72 – 13.45 |
| RONW (%) | (32.0) | 96.57 | 57.71 |
| NAV | 0.27 | 1.99 | 11.86 |
| ROCE (%) | (32.0) | 97.03 | 63.88 |
| EBITDA (%) | – | 2.48 | 4.87 |
| Debt/Equity | – | 0.55 | 1.51 |
Company Promoters
- Mr. Ravi Agarwal
- Mr. Nikhil Aggarwal
Promoter Holding
| Pre Issue Share Holding | 69.95% |
| Post Issue Share Holding | 51.54% |
Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91 22 2851 1022
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Contact Details
CELLECOR GADGETS LIMITED
No. 703, 7th Floor, Jaksons Crown Heights, Plot No. 3BI Twin,
District Centre, Sector 10 Rohini Delhi 110085 India
Phone: 011-45038228
E-mail: cs@cellecor.in
Website: www.cellecor.com
Allotment Status
Cellecor Gadgets IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Cellecor Gadgets IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and 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
