Cellecor Gadgets was incorporated on December 31, 2020. The company is engaged in the procurement, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, smart watches, and neckbands.
| Bidding Dates |
|---|
| 15 Sep 2023 - 20 Sep 2023 |
| Subscription |
|---|
| 108.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,400 | 1 | 1 | 1200 | 5.5 M | ₹87 - ₹92 | 73.68 % | ₹480.1 M - ₹507.7 M | RHP DOC |
Cellecor Gadgets IPO SUBSCRIPTION STATUS
20 Sep '23Cellecor Gadgets IPO overall subscription rate was 108.27 times the total available shares
Cellecor Gadgets IPO retail subscription rate was 115.37 times in the retail segment
Cellecor Gadgets IPO non-institutional investor subscription rate was 101.17 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Sep 2023 (Day 3) | 115.37x | 101.17x | - |
18 Sep 2023 (Day 2) | 28.68x | 5.06x | - |
15 Sep 2023 (Day 1) | 3.21x | 0.4x | - |
Cellecor Gadgets 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) |
| FY23 | 79.7 | 2643.5 | -203.6 | -220.3 |
| FY22 | 21.4 | 1212.9 | -5.0 | -5.6 |
Cellecor Gadgets IPO SUBSCRIPTION STATUS DETAILS
Cellecor Gadgets had 5.5 M shares on offer
Cellecor Gadgets IPO offer price was in the range ₹87 - ₹92
Cellecor Gadgets IPO minimum Investment was ₹110400
Cellecor Gadgets IPO issue size was ₹ 480.1 M - ₹ 507.7 M
Cellecor Gadgets had a minimum lot size of 1200 Shares per application
Cellecor Gadgets NUMBER OF SHARES ON OFFER
Cellecor Gadgets IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2023 |
| Issue close Date | 20 Sep 2023 |
| Allotment Date | 25 Sep 2023 |
| Refund Date | 26 Sep 2023 |
| Demat Account Credit Date | 27 Sep 2023 |
| Listing Date | 28 Sep 2023 |
| Listing on Exchange(s) | NSE |
| Cellecor Gadgets Allotment Status | Exchange |
Cellecor Gadgets IPO subscription opened on 15 Sep 2023, and closed on 20 Sep 2023
IPO allotment for Cellecor Gadgets was finalized on Monday, 25 Sep 2023
IPO listing for Cellecor Gadgets was on NSE on Thursday, 28 Sep 2023
Cellecor Gadgets IPO LISTING GAINS
| Issue Price (adjusted) | 9.2 |
| Listing Open Price | 92.0 |
| Listing Close Price | 96.6 |
| Listing Gain% | 0.0% |
| Current Gain% | 227.2% |
Cellecor Gadgets 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cellecor Gadgets Ltd. | 30.1 | 63.1 | 16.9 | -0.2 | 0 | 19.4 | 8.5 | 1292.2 | 25.9 | 39.6 | 28.2 | 1.8 | -87.9 |
| Adani Enterprises Ltd. | 2995.5 | 405414.4 | 54.5 | 3.3 | 3.6 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.6 | 27717.8 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 80.5 | 12155.5 | 108.3 | -1.8 | 6.1 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 0.7 | -60 |
| Swan Corp Ltd. | 311.2 | 9756.3 | 35.6 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 65 | 9747 | 21.8 | 0.1 | 3570.3 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 3 | 355.5 |
Cellecor Gadgets INFORMATION ON IPO ISSUE
About Cellecor Gadgets
Cellecor Gadgets was incorporated on December 31, 2020. The company is engaged in the procurement, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, smart watches, and neckbands.
Object of the Issue
- Working capital requirement
- General corporate purposes
- Issue expenses
Cellecor Gadgets - PROMOTERS
| Name |
|---|
| Ravi Agarwal |
| Nikhil Aggarwal |
Cellecor Gadgets Lead Manager to the Issue
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
Cellecor Gadgets Registrar to the Issue
Skyline Financial Services Private Limited
compliances@skylinerta.com
Cellecor Gadgets Strengths
Strong R&D team
The company has an internal research and development team that has more than 50 engineers, including specialists in hardware design and development, firmware design and development, software design and development, and mobile application development
Quality sourcing
The company has built a robust network of suppliers and established strategic partnerships to ensure that it sources high-quality materials and components for the products
Unconventional business and marketing strategies
The company has unconventional business and marketing strategies with a competitive and high-demand product variety, in comparison to other brands
Cellecor Gadgets Risks
Competition
The company faces competition from other large and established competitors, and it may fail to compete successfully against existing or new competitors, which may result in a loss of market share
Reliant on manufacturers
The company relies on a limited number of manufacturers. Any delay or inability to renew or maintain standards as per BIS may lead to cancellation or revocation of licence by a competent authority
Dependent on direct distribution
The company's financial performance and growth are heavily dependent on a particular mode of sales, namely direct distribution
IPO FAQs
The promoters of the company are Ravi Agarwal and Nikhil Aggarwal.
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 87.0 - 92.0.
The IPO application opens on Sep 15, 2023 and closes on Sep 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. 110,400.0, the maximum value for this IPO is Rs 110,400.0.
This IPO will be allotted on Sep 25, 2023.
The refund will be credited to your account on Sep 26, 2023.
The allotted shares will be credited to your demat on Sep 27, 2023.
Cellecor Gadgets Ltd.’s shares listed on the stock exchanges on Sep 28, 2023.