Cell Point IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Let’s have a detailed review of the company and analytics of the Cell Point IPO release date, IPO offer price, subscription, Cell Point Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Cell Point IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Cell Point IPO – Summary

Their Company was originally incorporated as Cell Point (India) Private Limited on April 10, 2013, under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Andhra Pradesh.

Subsequently, the name of the company was changed from “Cell Point (India) Private Limited” to “Cell Point (India) Limited” under The Companies Act, 2013 pursuant to a special resolution passed by their shareholders at the EGM held on October 31, 2022, and had obtained a fresh certificate of incorporation dated November 25, 2022, issued by the Registrar of Companies, Vijayawada.

The Promoter of this company is MR. MOHAN PRASAD PANDAY AND MR.BALA BALAJI PANDAY. The lead manager of the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Cell Point IPO Date

The opening and closing dates of Cell Point IPO are 15 June 2023 and 20 June 2023 respectively.

Cell Point IPO Subscription

The shares subscribed by the public will be updated here.

Cell Point IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Cell Point Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Cell Point IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.100 

Cell Point IPO Equity Size

This Initial Public Issue of 5,034,000 Equity Shares of Rs.10 each for cash at a price of Rs.100 per equity share aggregating to Rs.5,034 Lakh.

Cell Point IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,034,000 Equity Shares of Rs.10/ each.

Issue Size: 5,034,000 Equity Shares of Rs.10 each, aggregating to Rs.5,034 Lakh

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Cell Point IPO – Live Performance

The listing date of this IPO is 29 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

Cell Point IPO Grey Market Premium

The Cell Point Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

Cell Point IPO – Company Overview

Their Company is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories and mobile-related products and allied accessories of various brands such as Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, GIONEE, VIVO etc.

They are also engaged in retail selling of some of the consumer durable electronics goods, specifically, smart televisions of various brands such as Xiaomi, Realme and One Plus. All their products are sold under one roof through their 75 retail store chain located all over Andhra Pradesh.

Their Company also provides payment options such as credit/EMI facilities including UPI, vouchers, & pay on-delivery to its customers for buying their products for which the company has tied up with major leading credit houses like Bajaj Finserv, Capital First, TVS Credit finance etc.

The products sold by the Company enjoy limited warranty from its supplier company as back-to-back. Generally, in case of a defect, the company gets free replacement or services from the supplier Company.

Cell Point IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Earnings per Equity Share (in Lakh)

Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 580.96 Lakh, Rs. 164.63 Lakh, Rs. 69.11 Lakh and Rs. 159.97 Lakh respectively.

Cell Point IPO – Promoters

The Promoter of this company is:

1. MR. MOHAN PRASAD PANDAY
2. MR.BALA BALAJI PANDA

List of Related Parties (Key Managerial Personnel)

• Mohan Prasad Panday, Managing Director
• Bala Balaji Panday, Whole-time Director
• Kiranmai Panday, Non-Executive Director
• Ananda Rao Ravada, Non Executive Independent Director
• Kakshayani Sekharamantri, Non-Executive Independent Director

Cell Point IPO – Promoters Holding

• Pre-Issue Share Holding – 100.00%
• Post-Issue Share Holding – 73.06%

Cell Point IPO Offer Details or Issue Details

Cell Point IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Repayment of certain borrowings;
2. Repairs and Renovation of existing retail stores& setting of new retail stores;
3. To meet the Working Capital requirements;
4. General Corporate Expenses; and5)Issue Expenses

Cell Point IPO – Business Strategy

• Improve Sales
• Increase ties up with more manufacturers of brands
• Leveraging their market skills and relationship
• To increase brand visibility
• Maintaining an edge over competitors
• Sales, Marketing and Branding

Cell Point IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Established brand name
• Experienced and Result Oriented Team
• Strategic Location Benefit
• Wide range of Products
• A good network of stores all over Andhra Pradesh which offers a One-Stop Solution
• Training of workforce and after-sale services
• Well-established and cordial relationship with Manufacturers

The relevant quantitative factors are:

Cell Point IPO: Competitive Peers

Cell Point IPO Lead Managers

Cell Point IPO Registrar to offer

Cell Point IPO – Other Details

• Statutory Auditor – M/s Rao & Kumar, Chartered Accountants
• Legal Counsel to the Company – RAJANI ASSOCIATES, ADVOCATES & SOLICITORS
• Bankers to the Company –  ICICI BANK LIMITED

Cell Point IPO Review by Stock Brokers

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Cell Point Limited IPO News

News 1 – IPO DRHP Download

News 2 – IPO RHP Prospectus Download

Cell Point IPO Review FAQs

Check out various FAQs related to Cell Point IPO:

What is the Issue Size of Cell Point IPO?

The Company is making an initial public offer of 5,034,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Cell Point IPO?

The price band for this particular IPO ranges between Rs 100. As far as the face value of the share is of concern, it is Rs. 10 per share.

What is the Cell Point IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on 15 June 2023, while the closing date is set at 20 June 2023.

What is the Cell Point IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 23 June 2023, refund initiation is on 26 June 2023, credit of shares is on 27 June 2023, and share listing date is on 29 June 2023.

What is the Cell Point IPO Listing Date?

Shares of this company shall be listed in the exchanges on 29 June 2023. The date, when the listing would be done, is stagnant on 29 June 2023.

Who is the Registrar of Cell Point IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Cell Point IPO?

Here are the promoters of this IPO – MR. MOHAN PRASAD PANDAY AND MR. BALA BALAJI PANDAY. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Cell Point IPO?

They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

Is Cell Point IPO Good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Cell Point Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 164.63, 2021 is 69.11, and 2020 is 159.97. PAT from Dec 2022 is 580.96.

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