Cell Point (India) Limited IPO is set to launch on 15 June, 2023. The company initiated its business operations in the year 2001. It is engaged in selling cell phones, mobile accessories, tablets, etc. of multiple renowned brands like Samsung, Apple, Nokia, Oppo, Realme, Xiaomi, Vivo, Oneplus, Redmi etc.
Cell Point (India) also sells Smart TVs of brands like Xiaomi, Oneplus and Realme. The company currently has 75 functioning stores in Andhra Pradesh. Out of all of them 2 are owned properties and other 73 are on lease.
Cell Point (India) Limited IPO DETAILS
Cell Point (India) Limited IPO is set to launch on 15 June, 2023. The subscription timeline extends till 20 June, 2023. The size for the IPO is 50.34 Crore Rs. Shares issued through fresh issue mode are worth 50.34 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 100 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 Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
IPO OPENING DATE | 15 June, 2023 |
CLOSING DATE FOR IPO | 20 June, 2023 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 100 Rs per share |
LOT SIZE | 1200 shares |
MINIMUM ORDER QUANTITY | 1200 shares |
ISSUE SIZE | 50.34 Crore Rs. |
OFFER FOR SALE | No shares are issued through Offer for sale mode |
FRESH ISSUE | 50.34 Crore Rs. |
LISTING AT | BSE SME |
LISTING DATE | 29 June, 2023 |
IPO OPENING DATE | 15 June, 2023 |
CLOSING DATE FOR IPO | 20 June, 2023 |
IPO ALLOTMENT DATE | 23 June, 2023 |
REFUNDS | 26 June, 2023 |
DEMAT A/C CREDITED ON | 27 June, 2023 |
IPO LISTING DATE | 29 June, 2023 |
Cell Point (India) Limited IPO begins for subscription from 15 June, 2023. The IPO subscription would continue till 20 June, 2023. The allotment status for the shareholders who applied would come on 23 June, 2023. The refunds for the ones who did not get allotment would be initiated on 26 June, 2023. The DEMAT accounts of shareholders would be credited on 27 June, 2023. The listing of the company would be accompanied on 29 June, 2023.
The lead managers are :
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 1200 shares | 120000 Rs. |
Maximum | 2400 shares | 240000 Rs. |
Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
ASSETS | 5585 | 6530 | 8270 |
Revenue | 27811 | 22356 | 27004 |
PAT | 160 | 69 | 164 |
Cell Point (India) had an asset base of 5585 Lakh Rs in 2020 which increased to 6530 Lakh Rs in 2021 and 8270 Lakh Rs in 2022. The revenue of the firm was 27811 Lakh Rs in 2020 which decreased to 22356 Lakh Rs in 2021. However in 2022 the revenue was up again at 27004 Lakh Rs. The profit of the firm was 160 Lakh Rs in 2020, 69 Lakh Rs in 2021 and 164 Lakh Rs in 2022.
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 :
Now, applying for an IPO online is possible with most of the Discount and online brokers.
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