Frog Cellsat IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

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

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

Frog Cellsat IPO – Summary

Their Company was incorporated on July 12, 2004 as a private limited company under the provisions of Companies Act, 1956 with the Registrar of Companies, Delhi in the name and style of ‘Frog Cellsat Private Limited’.

Subsequently, their Company was converted into public limited company pursuant to which the name of their Company was changed to “Frog Cellsat Limited” vide shareholder’s approval on February 20, 2014 and fresh certificate of incorporation dated March 25, 2014.

Their Company got listed on Emerge ITP Platform of National Stock Exchange of India Limited (NSE) on May 02, 2014.

The Promoter of this company is Mr. Konark Trivedi and Star Private Trust. The lead manager to the issue is Sarthi Capital Advisors Private Limited, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.

Frog Cellsat IPO Date

The opening of Frog Cellsat IPO will be on Sep 29, 2022 and the closing date Oct 4, 2022.

Frog Cellsat IPO Subscription

The shares subscribed by the public will be updated here.

Frog Cellsat 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.

Frog Cellsat Limited IPO Listing Date

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

Frog Cellsat IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.97 to Rs.102.

Frog Cellsat IPO Equity Size

This Initial Public Issue of 4,075,200 Equity Shares of Rs.10 each for cash at a price of Rs.97 to Rs.102 per equity share aggregating to Rs.4157 Lakh.

Frog Cellsat IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,075,200 Equity Shares of Rs.10/ each.

Issue Size: Rs. 4,075,200 Equity Shares of Rs.10 each, aggregating to Rs. 4157 Lakh.

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Frog Cellsat IPO – Live Performance

The listing date of this IPO is Sep 5, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

Frog Cellsat IPO Grey Market Premium

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

Frog Cellsat IPO – Company Overview

They are engaged in manufacturing of telecom equipment’s used by telecom operator’s especially in Telecom Towers.

Then, they manufacture 2G/3G/4G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeater, Multi-band Optical DAS system, relative software and accessories. They also offer In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services.

Also, their company has two production unit one is located in Noida and second one is in located in Dehradun. The end-to-end RF enhancement solutions are well positioned in the industry for being price competitive, field proven, future-ready, and highly reliable.

Their design, development, manufacturing, and quality control processes are ISO 9001:2015 certified. Their success is an outcome of strategic focus on innovative R&D, to produce a unique range of RF products conforming to the applicable standards from ETSI, 3GPP, TEC, and other standardization bodies.

Frog Cellsat 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 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.1433.76 Lakh, Rs.1425.76 Lakh, and Rs.139.12 Lakh, respectively.

Frog Cellsat IPO – Promoters

The Promoter of this company is:

1. Mr. Konark Trivedi
2. Star Private Trust

List of Related Parties (Key Managerial Personnel)

• Mr. Charan Jeet Kalra, Company Secretary
• Ms. Manisha Makhija, Company Secretary
• Mr. Konark Trivedi, Managing Director
• Mr. Charan Jeet Kalra, Chief Financial Officer

Frog Cellsat IPO – Promoters Holding

• Pre Issue Share Holding -99.99%
• Pos Issue Share Holding -73.49%

Frog Cellsat IPO Offer Details or Issue Details

Frog Cellsat IPO Issue Object

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

1. To part finance the expansion project.

2. General Corporate Purposes.

3. Issue Expenses.

Frog Cellsat IPO – Business Strategy

• Performance of the Telecom market in India;
• Regulation in the Indian Telecom Sector;
• Uncertainty in relation to continuing effect of the COVID-19 pandemic on their business and operations;
• Fluctuations in operating costs;
• Their failure to keep pace with rapid changes in technology;
• Their ability to meet their capital expenditure requirements;
• Their dependence on their key personnel, including their Directors and senior management;
• Their ability to successfully implement their business strategy and plans;
• General economic and business conditions in the markets in which they operate and in the local, regional, national and international economies;
• Changes in political and social conditions in India, the monetary and interest rate policies of India and other countries;

Frog Cellsat 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 and proven track record;
• Leveraging the experience of their Promoter;
• Experienced management team and a motivated Employees;
• Cordial relations with their client.

The relevant quantitative factors are:

Frog Cellsat IPO: Competitive Peers

Frog Cellsat IPO Lead Managers

Frog Cellsat IPO Registrar to offer

Frog Cellsat IPO – Other Details

• Statutory Auditor – Rajan K. Gupta & Co. Chartered Accountants
• Legal Counsel to the Company – Mr. Anshuj Dhingra
• Bankers to the Company – ICICI Bank Limited

Frog Cellsat IPO Review by Stock Brokers

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Frog Cellsat Limited IPO News

News 1 – IPO DRHP Download

News 2 – IPO RHP Prospectus Download

Frog Cellsat IPO Review FAQs

Check out various FAQs related to Frog Cellsat IPO:

What is the Issue Size of Frog Cellsat IPO?

The Company is making an initial public offer of 4,075,200 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 the net issue.

What is the Price band of Frog Cellsat IPO?

The price band for this particular IPO ranges between Rs. 97 to Rs.102. As far as the face value of the share is of concern, it is Rs.10 per share.

What is the Frog Cellsat IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 29, 2022, while the closing date is set at Oct 4, 2022.

What is the Frog Cellsat IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 10, 2022, refund initiation is on Oct 11, 2022, credit of shares is on Oct 12, 2022, and share listing date is on Oct 13, 2022.

What is the Frog Cellsat IPO Listing Date?

Shares of this company shall be listed in the exchanges Sep 5, 2022. The date, when the listing would be done, is stagnant on Sep 5, 2022.

Who is the Registrar of Frog Cellsat IPO?

One of the reputed registrars is managing the issue of this IPO, 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 Frog Cellsat IPO?

Here are the promoters of this IPO – Mr. Konark Trivedi and Star Private Trust. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is GMP of Frog Cellsat Limited?

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

Is Frog Cellsat 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 Frog Cellsat Company?

They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.1433.76 Lakh, Rs.1425.76 Lakh, and Rs.139.12 Lakh, respectively.

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