Cellecor Gadgets Limited IPO is set to launch on 15 September, 2023. The company started its business in 2020. It is engaged in procuring, distributing and branding TVs, smart wearables, mobile phones, smart watches, mobile accessories, neck bands etc. Its business has three verticals which are Peripherals, Entertainment and communication and Modern Accessories. The company has more than 15 SKUs in television and 70 SKUs of mobile phones under entertainment and communication. Under modern accessories it provides data cables, USB Chargers, power banks etc. In the peripheral business the company has Earbuds, neckbands, smart watches etc. Its products are present in more than 24000 retail stores and it has more than 1200 service centres and 800 distributors.
Cellecor Gadgets Limited IPO DETAILS
Cellecor Gadgets Limited IPO is set to launch on 15 September, 2023. The subscription timeline extends till 20 September, 2023. The size for the IPO is 50.77 Crore Rs. Shares issued through fresh issue mode are worth 50.77 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 87 Rs to 92 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Skyline Financial Services Private Limited.
Tabular Description of Cellecor Gadgets Limited IPO
| IPO OPENING DATE | 15 September, 2023 |
| CLOSING DATE FOR IPO | 20 September, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 87 Rs to 92 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 50.77 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 50.77 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 28 September, 2023 |
Cellecor Gadgets Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 15 September, 2023 |
| CLOSING DATE FOR IPO | 20 September, 2023 |
| IPO ALLOTMENT DATE | 25 September, 2023 |
| REFUNDS | 26 September, 2023 |
| DEMAT A/C CREDITED ON | 27 September, 2023 |
| IPO LISTING DATE | 28 September, 2023 |
Cellecor Gadgets Limited IPO begins for subscription from 15 September, 2023. The IPO subscription would continue till 20 September, 2023. The allotment status for the shareholders who applied would come on 25 September, 2023. The refunds for the ones who did not get allotment would be initiated on 26 September, 2023. The DEMAT accounts of shareholders would be credited on 27 September, 2023. The listing of the company would be completed on 28 September 2023.
Cellecor Gadgets Limited IPO : Lead Managers
The lead managers are :
- Narnolia Financial Services Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 110400 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 220800 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 110400 Rs. |
| Maximum | 2400 shares | 220800 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The funds will also be used for expansion purposes.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 10 | 2367 | 7002 |
| Revenue | 0 | 12128 | 26436 |
| PAT | (-2.42) | 213 | 797 |
Cellecor Gadgets Limited had an asset base of 10 Lakh Rs in 2021 which jumped to 2367 lakh rs in 2022 and 7002 Lakh Rs in 2023. The company had no revenue in the year 2021 and then in 2021 the revenue jumped directly to 12128 lakh Rs. This doubled in the next year to 26436 Lakh Rs. The profit of the company has been outstanding as well. In the year 2021 the company suffered a loss of 2.42 Lakh Rs. However in 2022 the company’s profit was 213 lakh Rs and in 2023 the same was 797 Lakh Rs.
PROS
- Its business has three verticals which are Peripherals, Entertainment and communication and Modern Accessories.
- The company has more than 15 SKUs in television and 70 SKUs of mobile phones under entertainment and communication.
- Under modern accessories it provides data cables, USB Chargers, power banks etc. In the peripheral business the company has Earbuds, neckbands, smart watches etc.
- Its products are present in more than 24000 retail stores and it has more than 1200 service centres and 800 distributors.
CONS
- The company works in a highly competitive segment.
Cellecor Gadgets Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Cellecor Gadgets Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
