Cellecor Gadgets IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 14, 2023Let’s have a detailed review of the company and analytics of the Cellecor Gadgets IPO release date, IPO offer price, subscription, Cellecor Gadgets Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 87 to Rs 92 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | September 28, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 5,077 Lakh |
| IPO Size | Rs 5,077 Lakh |
| Tick Size | 1 |
Cellecor Gadgets IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Cellecor Gadgets Share Price |
Cellecor Gadgets IPO – Summary
Their Company is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands. They sell their products under their flagship brand, i.e., CELLECOR.
Over the years, they have been able to build their presence in India by having 1200+ service centres, and 800+ Distributor, and their products are also present at 24,000+ retail stores with 300+ wide range of products and 100 million users Pan India is purchasing a wide range of consumer products at affordable prices through their dealer channels.
The Promoter of this company is RAVI AGARWAL & NIKHIL AGGARWAL. The lead manager of the issue is NARNOLIA FINANCIAL SERVICES LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Cellecor Gadgets IPO Date
The opening and closing dates of Cellecor Gadgets IPO are September 15, 2023 and September 20, 2023, respectively.
Cellecor Gadgets IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 15th Sep | ||||
| 2nd Day – 18th Sep | ||||
| 3rd Day – 19th Sep | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Cellecor Gadgets IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares 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.
Cellecor Gadgets Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | September 25, 2023 |
| Refunds Initiation | September 26, 2023 |
| Credit of Shares to Demat Account | September 27, 2023 |
| Share Listing Date | September 28, 2023 |
Cellecor Gadgets IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 87 to Rs 92
Cellecor Gadgets IPO Equity Size
This Initial Public Issue of 5,518,800 Equity Shares of Rs.10 each for cash at a price of Rs 87 to Rs 92 per equity share aggregating to Rs.5,077 Lakh.
Cellecor Gadgets IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,518,800 Equity Shares of Rs.10/ each.
Issue Size: 5,518,800 Equity Shares of Rs.10 each, aggregating to Rs.5,077 Lakh
Open Free Demat Account Now!
Cellecor Gadgets IPO – Live Performance
The listing date of this IPO is September 28, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Cellecor Gadgets Share Price |
Cellecor Gadgets IPO Grey Market Premium
The Cellecor Gadgets Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Cellecor Gadgets IPO – Company Overview
Their Company was originally incorporated as a private limited company on December 31, 2020, under the Companies Act, 2013 in the name and style of “Unitel India Private Limited” bearing Corporate Identification Number U32300DL2020PTC375196 issued by the Registrar of Companies, Delhi.
Further, the company’s name was changed to “Unitel Info Private Limited” vide Fresh Certificate of Incorporation dated April 13, 2022, issued by the Registrar of Companies, Delhi.
Subsequently, their Company was converted into a public limited company pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on May 12, 2023, and the name of their Company was changed to “Unitel Info Limited” and a fresh Certificate of Incorporation dated May 15, 2023, was issued by Registrar of Companies, Delhi.
Furthermore, the company’s name was changed to “Cellecor Gadgets Limited” vide Fresh Certificate of Incorporation dated May 25, 2023, issued by the Registrar of Companies, Delhi.
Cellecor Gadgets 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:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 7,000.52 | 2,367.23 | 10.00 |
| *Total Revenue | 26,436.56 | 12,128.99 | 0.00 |
| Total Expense | 25,375.16 | 11,830.25 | 2.42 |
| Profit After Tax | 797.07 | 213.56 | (2.42) |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 6.84 | 1.92 | (0.09) |
Further, their PAT for the period ended on March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 797.07 Lakh, Rs. 213.56 Lakh and Rs. (2.42) Lakh respectively.
Cellecor Gadgets IPO – Promoters
The Promoter of this company is:
- RAVI AGARWAL & NIKHIL AGGARWAL
List of Related Parties (Key Managerial Personnel)
- Ravi Agarwal, Managing Director
- Nikhil Aggarwal, Whole-time director
- Gunjan Aggarwal, Chairperson
- Jitendra Sharma, Independent Director
- Vivek Mishra, Independent Director
Cellecor Gadgets IPO – Promoters Holding
- Pre-Issue Share Holding – 69.95%
- Post-Issue Share Holding – 51.54%
Cellecor Gadgets IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 55,18,800 Equity Shares aggregating up to Rs.5,077 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,76,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 52,42,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 18,34,800 Equity Shares |
| Other than Retail Individual Investors | Not more than 7,87,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,54,48,980 Equity Shares |
| Equity Shares outstanding after the Issue | 2,09,67,780 Equity Shares |
Cellecor Gadgets IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Cellecor Gadgets IPO – Business Strategy
- Encouraging 1st time buyers in Tier 3 and 4 markets to adopt the latest technology
- Introduction of further consumer-based products and appliances
- Increasing spending on Marketing Strategies by the company
- Planning to own their owned manufacturing units
Cellecor Gadgets 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:
- Integrated Business Model
- Cordial relations with their customers
- Quality Deliverables
- Favourable Government policies
- B2C Business Relations
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 6.84 | 57.71% | 11.86 |
| 31-Mar-22 | 1.92 | 96.57% | 1.99 |
| Mar-21 | (0.09) | -32.00% | 0.27 |
Cellecor Gadgets IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Cellecor Gadgets Limited | 10 | NA | 6.84 | 57.71% | 26,436.56 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Cellecor Gadgets IPO Lead Managers
| Lead Managers |
| NARNOLIA FINANCIAL SERVICES LIMITED |
Cellecor Gadgets IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED |
Cellecor Gadgets IPO – Other Details
- Statutory Auditor – M/s. K R A & Co, Chartered Accountants
- Legal Counsel to the Company – ABIZCHANCELLOR Law LLP
- Bankers to the Company – YES BANK LIMITED
Cellecor Gadgets IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Cellecor Gadgets IPO
Cellecor Gadgets Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Cellecor Gadgets IPO Review FAQs
Check out various FAQs related to Cellecor Gadgets IPO:
What is the Issue Size of Cellecor Gadgets IPO?
The Company is making an initial public offer of 5,518,800 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 Cellecor Gadgets IPO?
The price band for this particular IPO ranges between Rs 87 to Rs 92. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Cellecor Gadgets IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 15, 2023, while the closing date is set at September 20, 2023.
What is the Cellecor Gadgets IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on September 25, 2023, refund initiation is on September 26, 2023, credit of shares is on September 27, 2023, and share listing date is on September 28, 2023.
What is the Cellecor Gadgets IPO Listing Date?
Shares of this company shall be listed in the exchanges on September 28, 2023. The date, when the listing would be done, is stagnant on September 28, 2023.
Who is the Registrar of Cellecor Gadgets IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Cellecor Gadgets IPO?
Here are the promoters of this IPO – RAVI AGARWAL & NIKHIL AGGARWAL. 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 Cellecor Gadgets 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 Cellecor Gadgets 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 Cellecor Gadgets 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 2023 in Lakh is 797.07, 2022 is 213.56, and 2021 is (2.42).
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics