Cellecor Gadgets IPO Details | GMP, Date, Price, Review

Cellecor Gadgets IPO Details ( Cellecor Gadgets Limited IPO Review )

(15 Sep 2023 – 20 Sep 2023)

Cellecor Gadgets Limited, founded in 2020, specializes in sourcing, branding, and distributing a wide range of tech products, including TVs, mobile phones, smart wearables, mobile accessories, smartwatches, and neckbands.

The company operates in three main areas:

1. Entertainment and Communication: In this category, we offer both smart and traditional televisions equipped with the advanced GENZ Android operating system, as well as sound systems and sound bars. We have an impressive lineup of 35 different TV models, 15 sound systems and sound bars, and a whopping 70 mobile phone models.
2. Peripherals: Our peripherals category includes True Wireless Earbuds (TWS), Neckbands, and Smart Watches, with an extensive selection of over 145 different products.
3. Modern Accessories: Under this category, we provide a variety of essential items such as power banks, data cables, USB chargers, and quick chargers. We offer a wide range of wireless and standard power banks, high-quality data cables, and all the necessary adapters and chargers you might need. This category boasts more than 40 different products.

Cellecor Gadgets has a robust network with over 1,200 service centers and 800 distributors. Our products can be found in more than 24,000 retail stores, offering a diverse selection of over 300 products to serve the needs of our 100 million users across India, both through offline and online channels.

Cellecor Gadgets Limited Company Product

• Mobile Phone
• Mobile Charger
• Data Cable
• Neckband
• True Wireless Earphones (TWS)
• Powerbank
• Smart Led Tv
• Smart Watch
• Soundbar And Speaker
• Headphone
• Washing Machine (Coming Soon)
• Trimmer (Coming Soon)
• Microwave (Coming Soon)

Cellecor Gadgets Limited IPO Competitive Strength

• Experienced Promoter and strong senior management team with extensive knowledge of the sector
• Strong R&D team
• Quality sourcing & strong manufacturing linkages to meet the exacting demands
• Unconventional business and marketing strategies with a competitive and high-demand product variety in comparison to other brands
• Presence of warehousing hubs & robust distribution channel to strengthen the logistics chain
• On-ground presence with extensive sales network
• Standard warranty & after sales service along with In-House CRM and DMS

Cellecor Gadgets IPO Financials Performance ( Results )

Cellecor Gadgets Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves	Borrowing
31-Mar-21	10.00	0.00	-2.42	-0.09	7.58	0.27	-2.42
31-Mar-22	2,367.23	12,128.99	213.56	1.92	221.14	1.99	211.14	121.75
31-Mar-23	7,002.52	26,436.56	797.07	6.84	1,381.26	11.86	1,369.94	2,084.38

Objective of IPO Issue

• Working Capital Requirement
• General Corporate Purposes
• Issue Expenses

Cellecor Gadgets IPO Basic Details

IPO Date	Sep 15, 2023 to Sep 20, 2023
Listing Date	Thursday, September 28, 2023
Face Value	₹10 per share
Price	₹87 to ₹92 per share
Lot Size	1200 Shares
Issue Size	5,518,800 shares of ₹10 (aggregating up to ₹50.77 Cr)
Fresh Issue	5,518,800 shares of ₹10 (aggregating up to ₹50.77 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	15,448,980
Share holding post issue	20,967,780
Company Promoters	Ravi Agarwal & Nikhil Aggarwal

Cellecor Gadgets IPO Reservation

Anchor Investor Shares Offered	28.48% of the Net Issue
Market Maker Shares Offered	5.00% of the Net Issue
QIB Shares Offered	19.00% of the Net Issue
NII (HNI) Shares Offered	14.26% of the Net Issue
Retail Shares Offered	33.25% of the Net Issue
Total Shares Offered	100.00% of the Net Issue

Cellecor Gadgets IPO Timetable

Cellecor Gadgets IPO will open on September 15, 2023 and close on September 20, 2023. You can join Cellecor Gadgets IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	15 September 2023 (Friday)
Closing Date	20 September 2023 (Wednesday)
Basis of Allotment	25 September 2023 (Monday)
Initiation of Refunds	26 September 2023 (Tuesday)
Credit of Shares to Demat	27 September 2023 (Wednesday)
Listing Date	28 September 2023 (Thursday)
Deadline for UPI mandate confirmation	5 PM on 20 September 2023

Cellecor IPO Lot Size

For retail investors in Cellecor IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹110,400. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹110,400.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹110,400
Retail (Max)	1	1200	₹110,400
HNI (Min)	2	2400	₹220,800

Cellecor IPO Promoter Holding

The company’s promoters include Mr. Ravi Agarwal and Mr. Nikhil Aggarwal.

Pre Issue Share Holding	69.95%
Post Issue Share Holding	51.54%

Cellecor Gadgets Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	192.90
Earning Per Share (EPS)	₹6.84 per Equity Share
Net Asset Value (NAV)	₹11.86 per Equity Share
P/E Ratio (P/E) (x)	13.45
Post P/E Ratio (P/E) (x)	24.21
Return on Net Worth (RoNW) (%)	57.71
Return on equity (ROE) (%)	57.71
Return on Capital Employed (ROCE) (%)	63.88
Debt/Equity Ratio	1.51

Cellecor Gadgets Ltd Peer Comparison

There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company

Cellecor Gadgets IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
22 September 2023	₹50	–	–
21 September 2023	₹50	–	–
20 September 2023	₹48	–	–
19 September 2023	₹48	–	–
18 September 2023	₹43	–	–
17 September 2023	₹43	–	–
16 September 2023	₹45	–	–
15 September 2023	₹45	–	–
14 September 2023	₹45	–	–

Cellecor IPO Detail Video:

Cellecor Gadgets IPO Subscription Status (Bidding Detail)

The Cellecor Gadgets IPO on September 20, 2023 at 7:30:00 PM was subscribed 116.33 times, with the retail category being subscribed 124.08 times, the NII (Non-Institutional Investor) category being subscribed 176.54 times, QIB (Qualified-Institutional Buyers) category being subscribed 57.58 times.

Category	Subscription
QIB	57.58x
NII	176.54x
Retail	124.08x
Total	116.33x

Cellecor Gadgets IPO Prospectus

Cellecor Gadgets IPO DRHP	Download
Cellecor Gadgets IPO RHP	Download
Cellecor Gadgets IPO Anchor Investors Details PDF	Download

Cellecor Gadgets IPO Rating

Our Rating

4.0/5.0

Cellecor Gadgets Company Contact Information

Cellecor Gadgets Limited

Registered Office: No. 703, 7th Floor, Jaksons Crown Heights
Plot No. 3BI Twin District Centre, Sector 10 Rohini,
Delhi 110085, India.
Tel: 011-45038228
Fax: N.A.
Website: www.cellecor.com
E-mail: cs@cellecor.in
Company Secretary and Compliance Officer: Ms. Varsha Bansal
Our Promoters: Ravi Agarwal & Nikhil Aggarwal

Cellecor Gadgets IPO Registrar

Skyline Financial Services Private Limited

Address: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020
Telephone: +91-11-40450193-97
Fax No: +91-11-26812683
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Contact Person: Mr. Pawan Bisht
SEBI Registration No.: INR000003241
CIN: U74899DL1995PTC071324

Cellecor Gadgets IPO Lead Manager

Narnolia Financial Services Limited

Address: 201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Telephone: +91-8130678743;
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Contact Person: Mr. Pankaj Pasi
SEBI Registration Number: INM000010791
CIN: U51909WB1995PLC072876

Cellecor Gadgets IPO FAQs