15 June 2023
20 June 2023
₹ 50.34 Cr
29 June 2023
₹100 per share
Cell Point (India) Limited is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories, and mobile-related products and allied accessories. The company has over 75 stores across the state of Andhra Pradesh. Out of the 75 stores, 2 stores are owned properties and 73 stores are on leased properties.
The IPO comprises of a total issue 5,034,000 shares (aggregating up to ₹50.34 Cr)
The company intends to utilize the proceeds from the net issue for the following objects: 1. Repayment of certain borrowings; 2. Repairs and Renovation of existing retail outlets & setting of new retail outlets; 3. To meet the Working Capital requirements; 4. General Corporate Expenses; and 5. Issue Expenses
Cell Point India IPO lot size is 1200 shares.
The allotment date of Cell Point India IPO is set for 23rd June, 2023.
First Overseas Capital Limited is the book runner.