| HEADINGS | |
| H1 | Cellecor Gadgets Limited IPO |
| H2 | Cellecor Gadgets Limited IPO – Important Details |
| H2 | Cellecor Gadgets Limited IPO – Company Profile |
| H2 | Cellecor Gadgets IPO Objective |
| H2 | Cellecor Gadgets IPO Risks And Challenges |
| H2 | Cellecor Gadgets IPO Peer Comparison |
| H2 | Cellecor Gadgets IPO Financial Information |
| H2 | Cellecor Gadgets Ltd IPO – Industry & Market Potential |
| H2 | Cellecor Gadgets Ltd IPO – Type of Offer |
| H2 | Cellecor Gadgets Ltd IPO Offer Size |
| H2 | Cellecor Gadgets Ltd IPO Allotment Structure |
| H2 | How to apply for a Cellecor Gadgets Limited IPO? |
| H2 | How to Check Cellecor Gadgets Limited IPO Allotment Status? |
| H2 | Cellecor Gadgets Limited IPO Offer Registrar |
| H2 | Cellecor Gadgets Limited IPO FAQs |
| H3 | What is the allotment date of the Cellecor Gadgets Limited IPO? |
| H3 | What is the price band of Cellecor Gadgets Limited IPO? |
| H3 | What is the size of the Cellecor Gadgets Limited IPO? |
| H3 | What is the listing date of the Cellecor Gadgets Limited IPO? |
Cellecor Gadgets Limited IPO
The issue includes a fresh issue of up to 55,18,800 Equity Shares of the Company aggregating to INR 50.77 crores in total. The company intends to use the funds raised to meet its working capital requirement of the company.
Cellecor Gadgets Limited IPO – Important Details
| Cellecor Gadgets IPO Date | 15Th September-20Th September 2023 |
| Cellecor Gadgets IPO Listing Date | 28st September 2023 |
| Cellecor Gadgets IPO Price | INR 87-92 per share |
| Cellecor Gadgets IPO Lot Size | 1200 Shares |
| Cellecor Gadgets IPO Total Issue Size | INR 50.77 Crores |
| Cellecor Gadgets IPO Basis of Allotment | 25Th September 2023 |
| Cellecor Gadgets IPO Initiation of Refunds | 26Th September 2023 |
| Cellecor Gadgets IPO Credit of Shares to Demat | 27Th September 2023 |
| Cellecor Gadgets IPO Issue Type | Book Built IPO |
| Cellecor Gadgets IPO Listing At | NSE SME |
Cellecor Gadgets Limited IPO – Company Profile
The company is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart wearable, mobile accessories, smart watches, and neckbands. The company sells products under the flagship brand, i.e., CELLECOR.
Over the years, the company has been able to build its presence in India by having 1200+ service centres, 800+ Distributor, and the products are also present at 24,000+ retail stores with 300+ wide range of products and 100 million users.
The company has an experienced management team led by the Managing Director and Promoter, Ravi Agarwal, who is a first-generation entrepreneur and has more than 12 Years of experience in the electronics industry.
Cellecor Gadgets IPO Objective
The key objective behind Cellecor Gadgets Limited’s IPO is to support the company’s robust growth plans. With the capital raised, the company aims to:
- Funding working capital requirement: The company proposes to utilise INR 40 crores towards funding its working capital requirements in the ordinary course of business.The company, in order to support its incremental business requirements, funding growth opportunities and for other strategic, business, and corporate purposes requires additional working capital and such funding is expected to lead to a consequent increase in the revenues and profitability.
- General corporate purpose: The company plans to deploy the balance funds towards general corporate purpose which is not limited to meeting expenses incurred in ordinary course of business such as strategic initiatives including advancement of information technology, meeting future branch and business expansion,etc.
Cellecor Gadgets IPO Risks And Challenges
Investing in IPOs comes with its own set of risks and challenges. For Cellecor Gadget’s IPO, these are some of the major risks and challenges:
- If the company fails to successfully identify and respond to changing customer preferences and demands in a cost effective and timely manner, the ability to generate revenues and grow the business may be adversely impacted.
- The company relies on a limited number of third-party suppliers for some of the key components, raw materials, services and products. Any shortage and cessation in supply from these suppliers could adversely affect the business, cash flows and results of operations.
- The company’s financial performance and growth are heavily dependent on a particular mode of sales, namely direct distribution, which constitutes 96.74% for FY 2023.
Cellecor Gadgets IPO Peer Comparison
There are no listed companies in India that engage in a business similar to that of theCompany. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
Cellecor Gadgets IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | – | 12,128.99 | 26,435.20 |
| Equity (₹ in lakhs) | 7.58 | 221.14 | 1,381.26 |
| Expenses (₹ in lakhs) | 2.42 | 11,830.25 | 25,375.16 |
| Profit and Loss After Tax (₹ in lakhs) | (2.42) | 213.56 | 797.07 |
| RoNW (%) | -32% | 96.57% | 57.71% |
| Diluted EPS only (₹) | (0.09) | 1.92 | 6.84 |
| NAV per Equity Share (₹) | 0.27 | 1.99 | 11.86 |
| Total Assets (in lakhs) | 10.00 | 2,367.23 | 7,000.52 |
| Total Liabilities (in lakhs) | 2.42 | 2,146.09 | 5,621.26 |
Cellecor Gadgets Ltd IPO – Industry & Market Potential
The global mobile accessories market size was valued at USD 82.88 billion in 2021 and is expanding at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030.
The fact that the products make the usage of mobile phones simpler and smooth thereby making them popular among consumers. For instance, the introduction of smartwatches has made it simpler to see the notification and calls without taking out the phone from the pocket. The innovation of power banks has made it simpler for consumers who use smartphones extensively and travel frequently.
The market is also driven by the increasing number of social network users. For instance, the estimated number of social network users in India as of 2020 was 500 million, and by the year 2040, it is expected to exceed 1 billion.
Cellecor Gadgets Ltd IPO – Type of Offer
The issue includes a fresh issue of up to 55,18,800 Equity Shares of the Company aggregating to INR 50.77 crores in total. The company intends to use the funds raised to meet its working capital requirement of the company.
Cellecor Gadgets Ltd IPO Offer Size
The issue includes a fresh issue of up to 55,18,800 Equity Shares of the Company aggregating to INR 50.77 crores in total. The price band is INR 87-92 per share.
Cellecor Gadgets Ltd IPO Allotment Structure
The IPO allotment structure for Cellecor Gadgets is planned as follows:
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
● Market Maker Reservation: Total of 2,76,000 equity shares are reserved for market makers. This forms 5% of the total issue.
How to apply for a Cellecor Gadgets IPO through Alice Blue?
To apply for the Cellecor Gadgets IPO through Alice Blue, you would typically follow these steps:
- Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Cellecor Gadgets IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for Cellecor Gadgets IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Cellecor Gadgets IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Cellecor Gadgets IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Cellecor Gadgets IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Cellecor Gadgets IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited , the registrar of the Cellecor Gadgets IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform . You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Cellecor Gadgets Limited IPO Offer Registrar
The registrar for the Cellecor Gadgets Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Skyline Financial Services Private Limited
D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020
Telephone: +91-11-40450193-97
Email: [email protected]
Website: www.skylinerta.com;
Cellecor Gadgets India Limited IPO FAQs
What is the allotment date of the Cellecor Gadgets IPO? The allotment date is 25th September 2023.
What is the price band of Cellecor Gadgets IPO? The issue price band per equity share is INR 87-92.
What is the size of the Cellecor Gadgets IPO? The issue includes a fresh issue of up to 55,18,800 Equity Shares of the Company aggregating to INR 50.77 crores in total.
What is the listing date of the Cellecor Gadgets IPO?
The listing date is 28th September 2023.
