Cellecor Gadgets Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹52(56.52%)
Premium (ELP)
Cellecor Gadgets Limited's successfully completed its Initial Public Offering and commenced trading on Sep 28, 2023 at the NSE exchange. The company raised 55,18,800 Shares through this public offering, comprising 55,18,800 Shares in fresh capital.
The IPO was priced within the band of ₹87 to ₹92, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Sep 15, 2023 to Sep 20, 2023.
Share allotment was finalized on Sep 25, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Cellecor Gadgets Limited, incorporated in 2020, is engaged in the procurement, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, smart watches, and neckbands. The company operates through three verticals: Entertainment & Communication (smart/conventional TVs, sound systems, and mobile phones), Peripherals (TWS earbuds, neckbands, smart watches), and Modern Accessories (power banks, data cables, USB chargers, quick chargers). Cellecor has over 1,200 service centers, 800 distributors, and its products are available in 24,000+ retail stores across India, serving 100 million users. It recorded Rs. 26,436.56 Lacs and Rs. 12,128.99 Lacs in revenue in fiscal 2023 and 2022, respectively.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Ravi Agarwal
- Mr. Nikhil Aggarwal
Cellecor Gadgets Limited
Skyline Financial Services Private Limited