Frog Cellsat IPO will open for subscription from 29 September 2022. the company aims for an issue size of ₹41.57 Cr through this IPO.
Frog Cellsat Limited IPO
The company manufactures 2G/3G/4G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeater, Multi-band Optical DAS systems, relative software, and accessories. It also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The Company has two production units one in Noida and another in Dehradun. Its design, development, manufacturing, and quality control processes are ISO 9001:2015 certified. It directly sells products in the market. It is providing its products and services across Asia, Europe, Africa, and the Middle East.
The company has been awarded by the India-Israel Industrial R&D and Technology Innovation Fund (I4F) established by the Department of Science & Technology (DST), the Government of India on the Indian side, and the Israel Innovation Authority (IIA) on the Israeli side for the development of Cellular Interface Mitigation Solution for Indian Market, based on UBiFiX Solution. UBiFiX solution assists mobile operators to protect and extract the most out of their licensed spectrum by canceling external interference at the input of a cellular base-station receiver. The solution is an add-on product easily installed between the site antennas and the protected radio. The unit automatically acquires and tracks any non-cellular interference signals and cancels them using multiple inputs received from the cellular site diversity.
Basic details about the company
| Full name | Frog Cellsat Limited |
| Sector | Telecom |
| Industry | Telecommunication – Equipment |
| Company Website | https://www.frogcellsat.com/ |
Major competitive strengths
- Leveraging the experience of our Promoters and management.
- Quality Product at Competitive Price.
- In-House R&D Facility.
- Strong Sales and Service Team.
Objects of the Issue
- To part finance the expansion project.
- For Issue Expenses.
- General Corporate Purposes.
Dates to remember
| IPO Opening date | 29 September 2022 |
| IPO Closing | 04 October 2022 |
| Basis of Allotment | 10 October 2022 |
| Initiation Refunds | 11 October 2022 |
| Credit to Demat Account | 12 October 2022 |
| Listing Date | 13 October 2022 |
Frog Cellsat IPO Details
| Frog Cellsat IPO Date | Sep 29, 2022, to Oct 4, 2022 |
| Frog Cellsat Face Value | ₹10 per share |
| Frog Cellsat IPO Price | ₹97 to ₹102 per share |
| Lot Size | 1200 Shares |
| Issue Size | 4,075,200 shares of ₹10 (aggregating up to ₹41.57 Cr) |
| Fresh Issue | 4,075,200 shares of ₹10 (aggregating up to ₹41.57 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Frog Cellsat IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
Frog Cellsat IPO Reservation Details
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
| QIB shares offered | 50% |
Frog Cellsat Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 8,850.61 | 12,939.84 | 13,529.24 |
| Expenses | 8,578.73 | 11,351.19 | 11,499.49 |
| Net income | 139.12 | 1,425.76 | 1,433.76 |
Frog Cellsat Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 278.23 | 2,851.53 | 2,867.53 |
| PE ratio | – | – | 0.03 – 0.04 |
| RONW (%) | 3.07 | 23.93 | 20.79 |
| NAV | – | – | 77.88 – 79.20 |
| Debt/Equity Ratio | – | – | 0.09 |
Company Promoters
- Mr. Konark Trivedi
- Star Private Trust
Frog Cellsat IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.49% |
Lead Manager(s)
- Sarthi Capital Advisors Private Limited
Frog Cellsat Issue Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor,
Okhla Industrial Area, Phase -I
New Delhi-110020
Phone : +91-11-40450193/97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Frog Cellsat Contact Details
FROG CELLSAT LIMITED
Office No. 406, D-35 Third Floor Old Plot
No. 2-A, Laxmi Nagar Delhi East,
Delhi-110092, India
Phone: 120-4859650
E-mail: CS@frogcellsat.com
Website: www.frogcellsat.com
Frog Cellsat IPO Allotment Status
Frog Cellsat IPO allotment will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Frog Cellsat IPO is going to hit Dalal street soon. applying for 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
