Cellecor Gadgets IPO

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 nameCellecor Gadgets Limited
Company Websitehttps://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 date15 September 2023
IPO Closing20 September 2023
Basis of Allotment25 September 2023
Initiation Refund26 September 2023
Credit to Demat Account27 September 2023
Listing Date28 September 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹50.77 Cr – 5,518,800 shares
Fresh Issue₹50.77 Cr – 5,518,800 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹87 to ₹92 per share
Lot size1200 Shares
Market Maker portion276,000 shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11200₹110,400
Retail (Max)11200₹110,400
HNI (Min)22,400₹220,800

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income(0.03)2.147.97
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio12.72 – 13.45
RONW (%)(32.0)96.5757.71
ROCE (%)(32.0)97.0363.88
EBITDA (%)2.484.87

Company Promoters

  • Mr. Ravi Agarwal
  • Mr. Nikhil Aggarwal

Promoter Holding

Pre Issue Share Holding69.95%
Post Issue Share Holding51.54%

Lead Manager(s)

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

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

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

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