Incorporated in 2020, Cellecor Gadgets Limited is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands.
The company has three business verticals:
- Entertainment and Communication: Here, the company provides smart and conventional televisions that are fully outfitted with the GENZ Android operating system, and sound systems & sound bars. This category has 35 SKUs of televisions, 15 SKUs of sound systems and sound bars, and 70 SKUs of mobile phones.
- Peripherals: Here, the company provides True Wireless (“TWS”) Earbuds, Neckbands, and Smart Watches. These categories have more than 145 SKUs.
- Modern Accessories: Here, the company provides power banks, data cables, USB chargers, quick chargers, and other items under this category, many Wireless and Standard Power banks, all types of high-strength data lines, and the necessary adapters or chargers for each. More than 40 SKUs fall into this category.
Cellecor Gadgets has more than 1200 service centers, and more than 800 Distributors. Its products are also present at over 24,000 retail stores with more than 300 ranges of products and 100 million users in Pan India through offline and online channels.
The company recorded Rs. 26,436.56 Lacs, and Rs. 12,128.99 Lacs in Revenue from operations in fiscal 2023 and 2022.
Cellecor Gadgets IPO Details
Cellecor Gadgets IPO is a Book Built Issue. The IPO total issue size is Rs 50.77 Cr. The Cellecor Gadgets IPO price is ₹87 to ₹92 per share. The IPO will list on NSE SME.
| IPO Date | September 15, 2023 to September 20, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹87 to ₹92 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,518,800 shares (aggregating up to ₹50.77 Cr) |
| Fresh Issue | 5,518,800 shares (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 |
| Market Maker portion | 276,000 shares Ss Corporate Securities Kantilal Chhaganlal Securities |
Cellecor Gadgets IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Cellecor Gadgets IPO Anchor Investors Details
Cellecor Gadgets IPO raises Rs 14.46 crore from anchor investors. Cellecor Gadgets IPO Anchor bid date is September 14, 2023.
| Bid Date | September 14, 2023 |
| Shares Offered | 1572000 |
| Anchor Portion Size (In Cr.) | 14.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 5, 2024 |
Cellecor Gadgets IPO Timetable (Tentative)
Cellecor Gadgets IPO opens on September 15, 2023, and closes on September 20, 2023.
| IPO Open Date | Friday, September 15, 2023 |
| IPO Close Date | Wednesday, September 20, 2023 |
| Basis of Allotment | Monday, September 25, 2023 |
| Initiation of Refunds | Tuesday, September 26, 2023 |
| Credit of Shares to Demat | Wednesday, September 27, 2023 |
| Listing Date | Thursday, September 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2023 |
Cellecor Gadgets IPO Lot Size
The minimum lot size of this Cellecor Gadgets IPO is 1200 shares required is ₹110,400.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹110,400 |
| Retail (Max) | 1 | 1200 | ₹110,400 |
| HNI (Min) | 2 | 2,400 | ₹220,800 |
| Lot Size Calculator |
Cellecor Gadgets IPO Promoter Holding
Mr. Ravi Agarwal and Mr. Nikhil Aggarwal are the promoters of the company.
| Pre Issue Share Holding | 69.95% |
| Post Issue Share Holding | 51.54% |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 10.00 | 2,367.23 | 7,002.52 |
| Revenue | 0.00 | 12,128.99 | 26,436.56 |
| Profit After Tax | -2.42 | 213.56 | 797.07 |
| Net Worth | 7.58 | 221.14 | 1,381.26 |
| Reserves and Surplus | -2.42 | 211.14 | 1,369.94 |
| Total Borrowing | 121.75 | 2,084.38 |
Amount in ₹ Lakhs
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 13.45 |
| ROE | 57.71% |
| ROCE | 63.88% |
| Debt/Equity | 1.51 |
| EPS (Rs) | 6.84 |
| RoNW | 57.71% |
Check Cellecor Gadgets IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working Capital Requirement,
- General Corporate Purposes, and
- Issue Expenses.
Company Contact Information
Cellecor Gadgets Limited
Unit No. 703, 7th Floor, Jaksons Crown Heights
Plot No. 3BI Twin District Centre,
Sector 10 Rohini Delhi – 110085
Phone: 011 – 45038228
Email: cs@cellecor.in
Website: https://cellecor.com/
Cellecor Gadgets IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php