Cell Point (India) was incorporated on April 10, 2013. The company operates in the multi-brand retail sector, specializing in the sale of smartphones, tablets, mobile accessories, and related products from various brands. Additionally, the company offers retail sales of consumer durable electronic goods, particularly smart televisions from a variety of brands
| Bidding Dates |
|---|
| 15 Jun 2023 - 20 Jun 2023 |
| Subscription |
|---|
| 5.76x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 5.0 M | ₹100 | 73.06 % | ₹503.4 M | RHP DOC |
Cell Point IPO SUBSCRIPTION STATUS
20 Jun '23Cell Point IPO overall subscription rate was 5.76 times the total available shares
Cell Point IPO retail subscription rate was 7.52 times in the retail segment
Cell Point IPO non-institutional investor subscription rate was 4 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Jun 2023 (Day 4) | 7.52x | 4x | - |
19 Jun 2023 (Day 3) | 3.19x | 2.42x | - |
16 Jun 2023 (Day 2) | 1.55x | 2.03x | - |
15 Jun 2023 (Day 1) | 0.8x | 1.35x | - |
Cell Point FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 58.1 | 2,207.4 | 47.8 | 45.7 | 6.2% |
| FY22 | 16.5 | 2,691.6 | 78.5 | 74.0 | 4.0% |
| FY21 | 6.9 | 2,230.1 | 23.5 | 11.9 | 3.4% |
| FY20 | 16.0 | 2,775.6 | 14.6 | 4.2 | 3.4% |
Cell Point IPO SUBSCRIPTION STATUS DETAILS
Cell Point had 5.0 M shares on offer
Cell Point IPO offer price was ₹100
Cell Point IPO minimum Investment was ₹120000
Cell Point IPO issue size was ₹ 503.4 M
Cell Point had a minimum lot size of 1200 Shares per application
Cell Point NUMBER OF SHARES ON OFFER
Cell Point IPO IMPORTANT DATES
| Issue Open Date | 15 Jun 2023 |
| Issue close Date | 20 Jun 2023 |
| Allotment Date | 23 Jun 2023 |
| Refund Date | 26 Jun 2023 |
| Demat Account Credit Date | 27 Jun 2023 |
| Listing Date | 28 Jun 2023 |
| Listing on Exchange(s) | NSE |
| Cell Point Allotment Status | Exchange |
Cell Point IPO subscription opened on 15 Jun 2023, and closed on 20 Jun 2023
IPO allotment for Cell Point was finalized on Friday, 23 Jun 2023
IPO listing for Cell Point was on NSE on Wednesday, 28 Jun 2023
Cell Point IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 95.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -83.8% |
Cell Point Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cell Point (India) Ltd. | 16.2 | 30.2 | 475.3 | -4.9 | 0.1 | 0.1 | 0 | 368.5 | 13 | 0.1 | -97.2 | 0 | -97.2 |
| Vedant Fashions Ltd. | 516.9 | 12559.5 | 32.5 | -13.1 | 8.6 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 93.9 | 11455.8 | 65.1 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 618.4 | 7986.5 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2782.1 | 7444.3 | 71.7 | 5.8 | 4.3 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 165.8 | 6380.3 | 30.9 | 0.3 | 0.8 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Cell Point INFORMATION ON IPO ISSUE
About Cell Point
Cell Point (India) was incorporated on April 10, 2013. The company operates in the multi-brand retail sector, specializing in the sale of smartphones, tablets, mobile accessories, and related products from various brands. Additionally, the company offers retail sales of consumer durable electronic goods, particularly smart televisions from a variety of brands
Object of the Issue
- Repayment of certain borrowings
- Repairs and renovation of existing retail outlets & setting of new retail outlets
- To meet the working capital requirements
- General corporate expenses
- Issue expenses
Cell Point - PROMOTERS
| Name |
|---|
| Mohan Prasad Panday |
| Bala Balaji Panday |
Cell Point Lead Manager of the Issue
First Overseas Capital Limited
mb@focl.in
Cell Point Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Cell Point Strengths
Established brand name
The company has successfully established itself as a trusted, high-quality, and reliable brand over the past two decades. Its commitment to excellence has been acknowledged through various awards and accolades, further reinforcing the strength of the brand
Strategic location
The company strategically operates the majority of its stores in the Visakhapatnam, Costa, Vijayawada, and Rayalaseema Zones. These locations are carefully chosen to capitalize on high foot traffic, attracting customers throughout the day, both on weekdays and weekends
Wide range of products
The company offers a wide range of products including smartphones, tablets, mobile accessories, and mobile-related products from various major brands. Additionally, it specializes in selling Smart TVs from three renowned brands
Cell Point Risks
Outstanding legal proceedings
There are ongoing legal proceedings involving the promoter and promoter entities, which have the potential to negatively impact the company's business, financial condition, and operational outcomes
Geographically concentrated business
The company's operations are primarily concentrated in the North Andhra Pradesh region. Any downturn, failure to expand operations, or adverse developments in these locations may hinder growth prospects
Competitive industry
The company operates in a highly competitive industry, and its market share may be negatively affected if it fails to stay updated on consumer trends and technology, and if it does not effectively compete in the markets
IPO FAQs
The promoters of the company are Mohan Prasad Panday and Bala Balaji Panday.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 100.0 - 100.0.
The IPO application opens on Jun 15, 2023 and closes on Jun 20, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jun 23, 2023.
The refund will be credited to your account on Jun 26, 2023.
The allotted shares will be credited to your demat on Jun 27, 2023.
Cell Point (India) Ltd.’s shares listed on the stock exchanges on Jun 28, 2023.