Cellecor Gadgets IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: What is Cellecor Gadgets Limited's IPO?

The Cellecor Gadgets Ltd IPO contains 100 % fresh IPO worth up to ₹50.77 crore. The issue comprises 55,18,800 shares and is priced at ₹87 to ₹92 per share. The IPO will open on September 15, 2023.

IPO Details

Bidding Dates

14 Sep '23 - 19 Sep '23

Minimum Investment

₹110,400 / 1 Lots (1200 Shares)

Price Range

₹87 - ₹92

Maximum Investment

₹110,400 / 1 Lots (1200 Shares)

Retail Discount

Not Applicable

Issue Size

₹50.77 Cr

Investor category and sub category

Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |

Cellecor Gadgets Ltd IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 14, 2023

IPO Closing Date

Sep 19, 2023

Basis of Allotment

Sep 24, 2023

Initiation of Refunds

Sep 25, 2023

Credit of Shares to Demat Account

Sep 26, 2023

IPO Listing Date

Sep 27, 2023

UPI Mandatory Expiry Date

Sep 19, 2023

Cellecor Gadgets IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Sep 14, 2023	0.00	1.03	3.57	2.00
Day 2Sep 17, 2023	0.10	12.28	31.50	18.41
Day 3Sep 19, 2023	17.46	71.07	80.24	60.34

Cellecor Gadgets IPO Subscription Live Status

Investor Category	Subscription (Times)
Qualified Institutions Buyers	17.46
Non-Institutional Buyers	71.07
Retail Investors	80.24
Total	60.34

About Cellecor Gadgets Ltd

Incorporated in December 2020, Cellecor Gadgets Limited is involved in the procurement, branding, and distribution of smartwatches, mobile phones, televisions, smart wearables, neckbands and mobile accessories. They sell their products under the flagship brand, Cellecor. The company’s business segments are categorised as - Entertainment and Communication, Peripherals and Modern Accessories.

In India, Cellecor Gadgets has over 1,200 service centres and more than 800 distributors, and their products are available at over 24,000 retail stores. The company has a 100 million user base in the country.

Cellecor Gadgets Limited IPO Details

Cellecor Gadgets Limited IPO Date

Cellecor Gadgets’ IPO will open on September 15, 2023, and close on September 20, 2023.The IPO will be listed on the NSE exchange on September 28, 2023.

Cellecor Gadgets Limited IPO Price Band

Cellecor Gadgets is a 100% fresh IPO worth up to ₹50.77 crore. The issue comprises 55,18,800 shares and is priced at ₹87 to ₹92 per share.

Cellecor Gadgets Limited IPO Lot Size

Cellecor Gadgets’ IPO lot size is 1,200 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹1,10,400.

Cellecor Gadgets Limited IPO Objectives

The objectives of Cellecor Gadgets Limited's IPO are listed below:

To fund the working capital requirement of the company.
To meet general corporate purposes.
To fund the issue-related expenses.

Peer Details

There are no listed companies in India that are involved in a similar business similar to that of Cellecor Gadgets.

How To Check the Cellecor Gadgets Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the IPO Section and then to IPO Orders
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the Cellecor Gadgets Limited IPO.

Contact Details of Cellecor Gadgets Limited IPO

Registered office: Unit No. 703, 7th Floor, Jaksons Crown Heights, Plot No. 3BI, Twin District Centre, Sector 10 Rohini Delhi 110085 India.
Phone: 011 – 45038228
E-mail:cs@cellecor.in

Cellecor Gadgets Ltd Company Financials

Particulars	Period ending on March 31, 2023 (₹ in lakh)	Period ending on March 31, 2022 (₹ in lakh)	Period ending on March 31, 2021 (₹ in lakh)
Revenue from operations	26,435.20	12,128.99	-
Profit After Tax	797.07	213.55	-2.42
Net Worth	1,381.26	221.14	7.58
Earnings Per Share	6.84	1.92	0.09
Total Borrowings	2,084.38	121.75	-

Know before investing

Strengths

The net worth of the company grew drastically by over 180 times from ₹7.58 lakh on March 31, 2021, to ₹1,381.26 lakh on March 31, 2023.
The profit after tax of the company has increased by ~330% from ₹-2.42 lakh on March 31, 2021, to ₹797.07 lakh on March 31, 2023.
The company has collaborated with several prominent players like Cashkaro and Bajaj FinServ.
The revenue from operations of the company has more than doubled in a year from ₹12,128.99 lakh on March 31, 2021, to ₹26,435.20 lakh on March 31, 2023.

Risks

The company is highly dependent on third parties for the raw materials. Any shortage of these raw materials can impact the company’s operation adversely.
If there is a new technology or product in the market, the existing stock in the company can become obsolete. This can impact their business adversely.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Cellecor Gadgets Ltd IPO FAQs

What is Cellecor Gadgets Limited's IPO?

The Cellecor Gadgets Ltd IPO contains 100% fresh IPO worth up to ₹50.77 crore. The issue comprises 55,18,800 shares and is priced at ₹87 to ₹92 per share. The IPO will open on September 15, 2023.

When will Cellecor Gadgets Limited's IPO be allotted?

The Basis of Allotment will happen on Monday, September 25, 2023.

When will Cellecor Gadgets Limited's IPO open for subscription?

The IPO subscription window will open on Friday, September 15, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 1,200 shares.

When will Cellecor Gadgets Limited list on exchanges?

Cellecor Gadgets Ltd IPO will be listed on the NSE exchange on Thursday, September 28, 2023.

How do I check the allotment status of the Cellecor Gadgets Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the IPO Section and then to IPO Orders
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Cellecor Gadgets Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Thursday, September 28, 2023, for Cellecor Gadgets Ltd.

I have finished the application process for the Cellecor Gadgets Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Cellecor Gadgets Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Cellecor Gadgets Limited using one PAN?

You can submit only one application using your PAN card.