Cellecor Gadgets IPO Details
- Open Date 15-Sep-23
- Close Date 20-Sep-23
- Lot Size 1200
- IPO Size ₹ 50.77 Cr
- IPO Price Range ₹ 87 to ₹ 92
- Min Investment ₹ 104,400
- Listing Exchange NSE SME
- Basis of Allotment 25-Sep-23
- Refunds 26-Sep-23
- Credit to Demat Account 27-Sep-23
- Listing Date 28-Sep-23
Cellecor Gadgets IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Sep-23 | 0.00 | 1.02 | 3.52 | 1.98 |
| 18-Sep-23 | 0.10 | 12.21 | 30.95 | 18.12 |
| 20-Sep-23 | 57.58 | 176.54 | 124.08 | 116.33 |
Cellecor Gadgets IPO Synopsis
Cellecor Gadgets Limited IPO is all set to open from 15th September to 20th September 2023. The company is in the business of procuring, branding and distributing televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands. The IPO includes a fresh issue of 55,18,800 shares worth ₹50.77 cr. The share allotment date is 25th September, and the IPO will be listed on 28th September on the stock exchanges. The price band is ₹87 to ₹92 per share and the lot size is 1200 shares.
Narnolia Financial Services Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Cellecor Gadgets IPO:
Cellecor Gadgets Limited plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purpose.
● Fund public issue expenses.
About Cellecor Gadgets
Established in 2020, Cellecor Gadgets is in the business of procuring, branding and distributing televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands. The company has a vast network of over 1200 service centers and more than 800 distributors. Their products are available in over 24,000 retail stores. Cellecor Gadgets offers a diverse product portfolio across more than 300 products, serving a customer base of over 100 million users throughout Pan India, accessible through both offline and online sales channels.
The company operates in three business segments:
i) Entertainment and Communication: Offers a range of products, including smart and conventional televisions equipped with the GENZ Android operating system, as well as sound systems and sound bars.
ii) Peripherals: Provides a variety of products such as True Wireless ("TWS") Earbuds, Neckbands, and Smart Watches.
iii) Modern Accessories: Offers an array of accessories including power banks, data cables, USB chargers, quick chargers, and various other items.
Peer Comparison
The company has no listed peers.
For More Information:
Webstory on Cellecor Gadgets IPO
Cellecor Gadgets IPO GMP
Cellecor Gadgets Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 264.35 | 121.29 | 0.00 |
| EBITDA | 12.88 | 3.006 | -0.024 |
| PAT | 7.97 | 2.14 | -0.024 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 70.02 | 23.67 | 0.10 |
| Share Capital | 0.11 | 0.10 | 0.10 |
| Total Borrowings | 56.21 | 21.46 | 0.024 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -20.36 | -0.499 | 0.00 |
| Net cash from / (used in) investing activities | -1.67 | -0.061 | 0.00 |
| Net cash flow from / (used in) financing activities | 21.44 | 1.22 | 0.10 |
| Net increase (decrease) in cash and cash equivalents | -0.59 | 0.65 | 0.10 |
Cellecor Gadgets IPO Key Points
-
Strengths
1. The company has a focus on Quality sourcing & strong manufacturing linkages to meet the exacting demands,
2. It has a strong R&D department for high-quality products.
3. Unconventional business and marketing strategies with a competitive and high-demand product variety in comparison to other brands.
4. Presence of warehousing hubs & robust distribution channels to strengthen the logistics chain.
5. On-ground presence with an extensive sales network.
6. Standard warranty & after-sales service along with In-House CRM and DMS.
7. Experienced management team.
-
Risks
1. Operates in a highly competitive industry.
2. Negative cash flows in the past.
3. Major revenue and growth are heavily dependent on direct distribution, which constituted 96.74% for FY 2023.
4. Rapidly changing preferences of customers can impact the company.
5. Subject to risks associated with product returns.
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 account in 5 minutes
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Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
Cellecor Gadgets IPO FAQs
What is the minimum lot size and investment required for the Cellecor Gadgets IPO?
The minimum lot size of Cellecor Gadgets IPO is 1200 shares and the investment required is ₹1,04,400.
What is the price band of Cellecor Gadgets IPO?
The price band of Cellecor Gadgets IPO is ₹87 to ₹92 per share.
When does the Cellecor Gadgets IPO issue open and close?
Cellecor Gadgets IPO opens from 15th September to 20th September 2023.
What is the size of the Cellecor Gadgets IPO ?
The Cellecor Gadgets IPO size is ₹50.77 cr.
What is the allotment date of the Cellecor Gadgets IPO?
The share allotment date of Cellecor Gadgets IPO is 25th September 2023.
What is the Cellecor Gadgets IPO listing date?
The Cellecor Gadgets IPO will be listed on 28th September 2023.
Who are the book runners for the Cellecor Gadgets IPO?
Narnolia Financial Services Limited is the book-running lead manager for Cellecor Gadgets IPO.
What is the objective of Cellecor Gadgets IPO?
Cellecor Gadgets Limited plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purpose.
3. Fund public issue expenses.
How to apply for the Cellecor Gadgets IPO?
To apply for the Cellecor Gadgets 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 the price at which you wish to apply for the Cellecor Gadgets Limited IPO.
● 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 Cellecor Gadgets IPO
Contact Information
Cellecor Gadgets Limited
Unit No. 703, 7th Floor, Jaksons Crown Heights
Plot No. 3BI Twin District Centre,
Sector 10 Rohini Delhi - 110085
Phone: 011 – 45038228
Email: cs@cellecor.in
Website: https://cellecor.com/
Cellecor Gadgets IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Cellecor Gadgets IPO Lead Manager
Narnolia Financial Services Ltd