IPO Issue Details
Issue Price / Price Band₹92 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size55,18,800 shares (aggregating up to ₹50.77 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 15 Sep 2023
Subscription CloseWed, 20 Sep 2023
Anchor AllotmentThu, 14 Sep 2023
Basis of AllotmentMon, 25 Sep 2023
Initiation of RefundsTue, 26 Sep 2023
Credit of Shares to DematWed, 27 Sep 2023
Listing DateThu, 28 Sep 2023
UPI Mandate Deadline2023-09-20
Application & Investment Details
Retail — Min (1 Lots)₹1,10,400 — 1,200 shares
Retail — Max (13 Lots)₹1,435,200 (13 Lots)
HNI — Min (2 Lots)₹2,20,800 — 2,400 shares
QIB Quota47.49% of Issue
NII / HNI Quota47.49% of Issue
Retail Quota33.25% of Issue
Market Maker Quota5.00% of Issue
EPS (Pre-IPO)₹6.84
P/E Ratio (Pre-IPO)13.45x
P/E Ratio (Post-IPO)24.21x
Net Offer to Public52,42,800 shares (aggregating up to ₹48.23 Cr)
Reserved for Market Maker2,76,000 shares (aggregating up to ₹2.54 Cr)
Pre-IPO Promoter Holding1,54,48,980 shares
Post-IPO Promoter Holding2,09,67,780 shares
About Cellecor Gadgets Ltd
Incorporated in 2020, Cellecor Gadgets Limited is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands.The company has three business verticals:Entertainment and Communication: Here, the company provides smart and conventional televisions that are fully outfitted with the GENZ Android operating system, and sound systems & sound bars. This category has 35 SKUs of televisions, 15 SKUs of sound systems and sound bars, and 70 SKUs of mobile phones.Peripherals: Here, the company provides True Wireless ("TWS") Earbuds, Neckbands, and Smart Watches. These categories have more than 145 SKUs.Modern Accessories: Here, the company provides power banks, data cables, USB chargers, quick chargers, and other items under this category, many Wireless and Standard Power banks, all types of high-strength data lines, and the necessary adapters or chargers for each. More than 40 SKUs fall into this category.Cellecor Gadgets has more than 1200 service centers, and more than 800 Distributors. Its products are also present at over 24,000 retail stores with more than 300 ranges of products and 100 million users in Pan India through offline and online channels.The company recorded Rs. 26,436.56 Lacs, and Rs. 12,128.99 Lacs in Revenue from operations in fiscal 2023 and 2022.
Objects of the Issue
Cellecor Gadgets Ltd proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
Working Capital Requirement
Amount: 40
2
General Corporate Purposes
Amount: 5.02
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,54,48,980 shares
Post-IPO Promoter Holding
2,09,67,780 shares
