Frog Cellsat IPO

Frog Cellsat IPO-All you need to know

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 nameFrog Cellsat Limited
IndustryTelecommunication – Equipment
Company Website

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 date29 September 2022
IPO Closing04 October 2022
Basis of Allotment10 October 2022
Initiation Refunds11 October 2022
Credit to Demat Account12 October 2022
Listing Date13 October 2022

Frog Cellsat IPO Details

Frog Cellsat IPO DateSep 29, 2022, to Oct 4, 2022
Frog Cellsat Face Value₹10 per share
Frog Cellsat IPO Price₹97 to ₹102 per share
Lot Size1200 Shares
Issue Size4,075,200 shares of ₹10
(aggregating up to ₹41.57 Cr)
Fresh Issue4,075,200 shares of ₹10
(aggregating up to ₹41.57 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME

Frog Cellsat IPO Lot Size

Retail (Min)11200₹122,400
Retail (Max)11200₹122,400

Frog Cellsat IPO Reservation Details

NII (HNI) Shares Offered15%
Retail Shares Offered35%
QIB shares offered50%

Frog Cellsat Financial Performance

 FY 2020FY 2021FY 2022
Net income139.121,425.761,433.76
(Figures are in ₹Lakhs)

Frog Cellsat Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio0.03 – 0.04
RONW (%)3.0723.9320.79
NAV77.88 – 79.20
Debt/Equity Ratio0.09

Company Promoters

  • Mr. Konark Trivedi
  • Star Private Trust

Frog Cellsat IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding73.49%

Lead Manager(s)

  • Sarthi Capital Advisors Private Limited

Frog Cellsat Issue Registrar

D-153 A, 1st Floor,
Okhla Industrial Area, Phase -I
New Delhi-110020
Phone : +91-11-40450193/97

Frog Cellsat Contact Details


Office No. 406, D-35 Third Floor Old Plot
No. 2-A, Laxmi Nagar Delhi East,
Delhi-110092, India
Phone: 120-4859650

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

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