Listing Details
- Listing Exchange NSE SME
- Listing Date 28-Jun-23
- IPO Price Range ₹ 100
- Listing Price ₹ 100
- Listing Change 0.0%
- Last Traded Price ₹ 42.5
- Current Change -57.5%
Cell Point IPO Details
- Open Date 15-Jun-23
- Close Date 20-Jun-23
- Lot Size 1200
- IPO Size ₹ 50.34 Cr
- IPO Price Range ₹ 100
- Min Investment ₹ 120000
- Listing Exchange NSE SME
- Basis of Allotment 23-Jun-23
- Refunds 26-Jun-23
- Credit to Demat Account 27-Jun-23
- Listing Date 29-Jun-23
Cell Point (India) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15 June'23 | - | 1.30 | 0.85 | 1.09 |
| 16 June'23 | - | 2.03 | 1.65 | 1.86 |
| 19 June'23 | - | 2.45 | 3.38 | 2.93 |
| 20 June'23 | - | 4.11 | 7.92 | 6.03 |
Cell Point IPO Synopsis
Cell Point (India) is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories, and mobile-related products its IPO opens on 15th June and closes on 20th June.
The issue consists of a fresh issue of 5,034,000 shares (aggregating up to ₹50.34 Crores). The price band for the issue is fixed at Rs. 100 per share. The lot size is set for 1200 shares per lot. The shares will be allotted on 23rd June and the issue will be listed on the 29th June on the stock exchanges.
The book-running lead manager to the offer is First Overseas Capital Limited
Objectives of Cell Point IPO
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
About Cell Point (India)
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 is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs of various brands such as Xiaomi, Realme, and One Plus.
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.
Peer Comparison
● Bhatia Communications & Retail (India) Ltd
● Fone4 Communications (India) Ltd
● Jay Jalaram Technologies Ltd
For More Information:
Cell Point (India) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 26916.41 | 22301.48 | 27756.03 |
| EBITDA | 1,758.15 | 1,098.15 | 786.25 |
| PAT | 164.63 | 69.11 | 159.97 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 8270.46 | 6530.63 | 5585.12 |
| Share Capital | 113.76 | 113.76 | 113.76 |
| Total Borrowings | 5171.68 | 5304.44 | 3858.03 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 785.44 | 235.03 | 145.94 |
| Net cash from / (used in) investing activities | -55.00 | -135.17 | -102.22 |
| Net cash flow from / (used in) financing activities | -264.54 | -34.85 | 65.91 |
| Net increase (decrease) in cash and cash equivalents | 465.90 | 65.01 | 109.63 |
Peer Comparison
There are no listed companies in India that engage in a business similar to that of this company
Cell Point IPO Key Points
-
Strengths
1. Established brand name
2. Experienced and Result Oriented Team
3. Wide range of Products
4. Good network of stores all over Andhra Pradesh which offers One-Stop Solution
-
Risks
1. Promoter/Director, Subsidiaries, and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business
2. Company’s business highly depends on the brand's recognition and reputation of the products it offers to sell and their inability to maintain or enhance the brands image that it sells could have a material adverse effect on the business, financial condition and results of operations
3. The Company is dependent on few numbers of suppliers for purchase of products
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
Be a part of the 5paisa community - the first listed discount broker of India
Cell Point IPO FAQs
What is the minimum lot size of Cell Point IPO?
The minimum lot size of Cell Point IPO is 1200 shares.
What is the price band of the Cell Point IPO?
The price band of the Cell Point IPO is Rs.100 per share
When does the Cell Point IPO opens and closes?
The Cell Point IPO opens on June 15, 2023 and closes on June 20, 2023
What is the size of the Cell Point IPO?
The Cell Point IPO comprises of a total issue 5,034,000 shares (aggregating up to ₹50.34 Cr)
What is the allotment date of Cell Point IPO?
The allotment date of Cell Point IPO is 23rd June 2023.
What is the Cell Point IPO listing date?
The listing date of Cell Point IPO is 29th June 2023.
Who is the book runner for Cell Point IPO?
First Overseas Capital Limited is the book runner of Cell Point IPO.
What is the objective of the Cell Point IPO?
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
How to apply for the Cell Point IPO?
To apply for the Cell Point IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Cell Point (India) IPO
Contact Information
Cell Point (India) Limited
Door No 30-15-139/F/5, 6 Ward No 27,
Ram’s Arcade, Opposite Visakha Medical Centre,
Dabagardens, Visakhapatnam 530020
Phone: +91 9000113897
Email: cs@cellpoint.biz
Website: https://cellpoint.biz/
Cell Point (India) IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Cell Point (India) IPO Lead Manager
First Overseas Capital Limited