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.
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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) |
|---|---|---|
| Revenue from operations | 26,435.20 | 12,128.99 |
| Profit After Tax | 797.07 | 213.55 |
| Net Worth | 1,381.26 | 221.14 |
| Earnings Per Share | 6.84 | 1.92 |
| Total Borrowings | 2,084.38 | 121.75 |
Know before investing
Strengths
4The 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
4The 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.
