IPO Details

Bidding Dates

15 Jun '23 - 20 Jun '23

Minimum Investment

120,000 / 1 Lots (1200 Shares)

Price Range


Maximum Investment

120,000 / 1 Lots (1200 Shares)

Retail Discount

Not Applicable

Issue Size

₹50.34 Cr

Investor category and sub category

Non-Institutional Investors   |   Retail Individual Investor   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 15, 2023

IPO Closing Date

Jun 20, 2023

Basis of Allotment

Jun 23, 2023

Initiation of Refunds

Jun 26, 2023

Credit of Shares to Demat Account

Jun 27, 2023

IPO Listing Date

Jun 29, 2023

UPI Mandatory Expiry Date

Jun 20, 2023

IPO Subscription Details


Day 1Jun 15, 2023

1.30 0.86 1.09

Day 2Jun 16, 2023

2.03 1.65 1.86

Day 3Jun 19, 2023

2.38 2.16 2.29

IPO Subscription Status Live

Investor Category Subscription (Times)
Non-Institutional Buyers 2.38
Retail Investors 2.16
Total 2.29

About Company

Incorporated in 2001, Cell Point (India) Limited specialises in the multi-brand retail sale of smartphones, tablets, mobile accessories, and allied products. It collaborates with various renowned brands, including Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Redmi, Techno, OnePlus, GIONEE, and more. In addition to mobile products, the company also engages in the retail sale of consumer-durable electronic goods, particularly smart televisions, from brands such as Xiaomi, Realme, and OnePlus.

With a network of 75 retail stores, Cell Point (India) Limited has a significant presence throughout Andhra Pradesh. Out of these stores, two are company-owned properties, while the remaining 73 stores are located on leased properties. This extensive retail network allows customers to access a wide range of products conveniently. The opening date for Cell Point (India) Limited IPO is Thursday, 15 June 2023 and the closing date is Tuesday, 20 June 2023.

Cell Point (INDIA) Limited IPO Details

Cell Point (INDIA) Limited IPO is a 100% fresh issue of 50,34,000 equity shares aggregating up to ₹5034 lakh. The offer has its price band set to ₹100 per share, and the lot size is 1200. The IPO will list on the NSE.

Cell Point (INDIA) Limited IPO Objective 

The objectives of Cell Point (INDIA) Limited's IPO are listed below:

  • Repayment of certain borrowings.
  • Repairs and renovation of existing retail stores and setting of new retail stores.
  • To meet the working capital requirements. 
  • For general corporate expenses.

Should you invest in Cell Point (INDIA) Limited?

Here are a few important factors to consider before investing in the IPO:

  • Cell Point’s total income increased by 20.79% to ₹27004.43 lakhs for fiscal 2022 from ₹22356.02 lakhs for fiscal 2021, primarily due to an increase in revenue from operations/sales volume. Additionally, revenue from operations increased by 20.69 to ₹26916.41 lakhs for fiscal 2022 from ₹22301.48 lakhs for fiscal 2021.
  • There are certain outstanding legal proceedings involving Cell Point (India) promoter and promoter entities which can adversely affect the company’s business, financial condition and results of operations. 
  • The company operates in a highly competitive market. The company’s business highly depends on the brand's recognition and reputation of the products it offers to sell. 

Competitive Peers

Bhatia Communications & Retail (India) Ltd, Fone4 Communications (India) Ltd, and Jay Jalaram Technologies Ltd are the listed peer companies operating in the same business line.

Highlights of Cell Point (INDIA) Ltd

  • Since its inception in 2001, Cell Point (India) Limited has grown to become a prominent player in the retail industry, offering a wide range of mobile and electronic products. With its focus on customer convenience and a robust retail presence, the company continues to serve the diverse needs of consumers in Andhra Pradesh.
  • To facilitate customer purchases, the company offers various payment options, including credit/EMI facilities, UPI, vouchers, and pay-on-delivery services. To enable these payment options, Cell Point (India) Limited has established partnerships with major credit houses like Bajaj Finserv, Capital First, and TVS Credit Finance.
  • Moreover, the products sold by the company are backed by limited warranties provided by the respective supplier companies. In the event of defects, the company is entitled to receive free replacements or services from the supplier companies, ensuring customer satisfaction and support.

Company Financials

Particulars As of 31- Dec-2022* (₹ lakhs) As of March 31, 2022 (₹ lakhs) As of March 31, 2021 (₹ lakhs)
Revenue from Operations 22073.61 26916.41 22301.48
Total Income 22167.6 27004.43 22356.02
Profit After Tax (PAT) 580.96 164.63 69.11
PAT Margin 2.62 0.61 0.31
EBITDA 1381.16 1069.41 757.28
EBITDA Margin 6.23 3.96 3.39
EPS 24.19 14.47 6.07
ROE 30.31 12.32 5.90

Know before investing


  1. Cell Point (India) has built a trusted, high quality and reliable brand of choice over the last two decades. Over the years, the company has received numerous awards that recognise the brand's strength.

  2. Majority of the company stores are located in the Visakhapatnam, Costa, Vijayawada and Rayalaseema Zones. The stores are strategically located in areas of high foot traffic, drawing customers at all times of the day, on weekdays and weekends.


  1. The company has currently availed unsecured loans from certain lenders in the form of trade finance. If any lender seeks repayment of any such loan, Cell Point would need to find alternative sources of financing, which may not be available on commercially reasonable terms or at all, and this may affect the company’s liquidity.

  2. The company’s operations are significantly located in the North Andhra Pradesh region, especially in Visakhapatnam. Any downturn or any failure to expand the operations or adverse developments affecting the operations in these locations may restrict Cell Point’s growth and may adversely impact its market share, revenue and results of operations.

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Cell Point (INDIA) Ltd IPO FAQs

What is Cell Point (INDIA) Limited's IPO?

The Cell Point (INDIA) Ltd IPO is a fresh issue IPO of 5,034,000 equity shares of the face value of ₹10 aggregating up to ₹50.34 Crores. The price band is set to ₹100 per share.

When will Cell Point (INDIA) Limited's IPO allotment be available?

The Basis of Allotment date is Friday, 23 June 2023.

What will be Cell Point (INDIA) Limited's IPO lot size?

The lot size for Cell Point (INDIA)  Ltd. is 1200.

When will Cell Point (INDIA) Limited's IPO open for subscription?

The IPO subscription window opens on Thursday, 15 June 2023, and closes on Tuesday, 20 June 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Cell Point (INDIA) Limited list on exchanges?

Cell Point (INDIA)  Ltd. IPO will list on the NSE exchange on Thursday, 29 June 2023.

How do I check the allotment status of the Cell Point (INDIA) Limited IPO?

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

  • Log in to the Angel One app
  • Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Cell Point (INDIA) Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange, which is Thursday, 29 June 2023 for Cell Point (INDIA) Ltd. 

I have finished the application process for the Cell Point (INDIA) 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 Cell Point (INDIA) 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 Cell Point (INDIA) Limited using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for the Cell Point (INDIA) Limited IPO?

The minimum order size for the Cell Point (INDIA)  Limited IPO is a minimum of one lot.