Home  »  Ipo Review  »  Cellecor Gadgets Ipo

Let’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

Cellecor Gadgets IPOTheir 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!

    Fill Your Details Here
    1. Open Demat AccountInvest in IPO

    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:


    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.[●]
    Net Issue to the Public Up to 52,42,800 Equity Shares aggregating up to Rs.[●]
    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

    Cellecor Gadgets IPO Lead Managers

    Lead Managers

    Cellecor Gadgets IPO Registrar to offer

    Registrar to the Offer

    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

      Fill Your Details Here
      1. Open Demat AccountInvest in 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 (%)
      Real Estate
      Fixed Deposit
      Mutual Fund

      Featured Topics


      Get 100% IPO Allotment Guarantee! Subscribe to IPO