Cellecor IPO price band set: GMP & NSE SME issue details

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Cellecor Gadgets Limited, a promising SME company, is gearing up to make its debut in the primary market with an initial public offering (IPO) set to launch next week. The company has unveiled a price band of ₹87 to ₹92 per equity share for its book build issue. This move comes as part of their plan to raise ₹50.77 crore from the IPO, as detailed in the Red Herring Prospectus (RHP).

In a noteworthy pre-IPO development, Cellecor Gadgets Limited shares have surfaced in the grey market, commanding a premium of ₹20, according to market experts.

Key Insights into the Cellecor Gadgets Limited IPO:

Cellecor IPO GMP:

Market insiders report a ₹20 premium for Cellecor Gadgets Limited shares in the grey market.

Cellecor IPO Price Band:

The company has disclosed a price band of ₹87 to ₹92 per equity share for the public issue.

Cellecor IPO Opening Date:

The book build issue is scheduled to open for bids on 15th September 2023, which falls on the upcoming Friday, and will remain open for subscription until 20th September 2023.

Cellecor IPO Size:

The company aims to raise ₹50.77 crore through its public offering.

Cellecor IPO Lot Size:

Interested investors can apply for shares in lots, with each lot comprising 1200 company shares.

Cellecor IPO Allocation Date:

The tentative allocation date for shares is 25th September 2023.

Cellecor IPO Registrar:

Skyline Financial Services Private Ltd has been appointed as the official registrar for the NSE SME IPO.

Cellecor IPO Listing Destination:

The book build issue is slated for listing on the NSE SME exchange.

Cellecor IPO Expected Listing Date:

The NSE SME IPO is anticipated to debut on 28th September 2023, following the implementation of the T+3 rule for share listing.

About Cellecor:

Established in the year 2020, Cellecor Gadgets specializes in the acquisition, branding, and dissemination of a diverse range of electronic products, including televisions, mobile phones, smart wearables, mobile accessories, smartwatches, and neckbands. The company operates through three distinct business divisions: entertainment and communication, peripherals, and contemporary accessories.

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