About the Company
- Cellecor Gadgets is a manufacturer of electronic gadgets, such as smartphones, tablets, laptops, and wearables. The company was founded in 2015 and is headquartered in Ahmedabad, Gujarat.
- Cellecor Gadgets has a strong track record of growth. The company’s revenue has grown at a CAGR of 20% over the past three years.
- Cellecor Gadgets has a strong brand presence in India. The company’s products are sold through a network of over 1,000 distributors and retailers across the country.
- Cellecor Gadgets is well-positioned to benefit from the growing demand for electronic gadgets in India. The Indian electronics market is expected to grow at a CAGR of 15% over the next five years.
- The Cellecor Gadgets SME IPO is a good opportunity for investors to participate in the growth of the Indian electronics market. The IPO is open for subscription from September 15 to 20, 2023.
Company Website: https://cellecor.com/
The products offered by the company:
Here are some of the products and services offered by Chavda Infra:
- Televisions
- Mobile phones
- Smart wearables
- Mobile Accessories
- Smartwatches
- Neckbands
The company also offers a range of services, including:
- Warranty and repair services
- After-sales support
- Customer care
- Cellecor Gadgets products are available through a network of over 1,000 distributors and retailers across India. The company is also exporting its products to several countries in the Middle East, Africa, and Southeast Asia.
The objective of Cellecor Gadgets IPO:
The objective of the Cellecor Gadgets IPO is to raise ₹50.77 crores (approximately $6.5 million) to fund the following activities:
- Expand its manufacturing capacity
- Invest in research and development
- Grow its distribution network
- Enhance its brand presence
- Fund general corporate expenses
The IPO of Cellecor Gadgets is being offered at a price band of Rs. 87-92 per share. The issue opens on September 15, 2023 and closes on September 20, 2023. The company is targeting to raise Rs. 50.77 crores through the IPO.
useful information
Cellecor Gadgets IPO Lot Size
| IPO Activity | Date |
|---|---|
| Issue Price | 87-92 |
| Market Lot: | 1200Shares |
| 1 Lot Amount: | 1,10,400 |
| Min Small HNI Lots(2-10 Lakh): | 2400 shares |
| Min Big HNI Lots(10+ Lakh): | 12000 shares |
Cellecor Gadgets IPO Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | 15-09-2023 |
| IPO Close Date | 20-09-2023 |
| Basis of Allotment Finalization Date* | 25-09-2023 |
| Refunds Initiation* | 26-09-2023 |
| Credit of Shares to Demat Account* | 27-09-2023 |
| IPO Listing Date* | 28-09-2023 |
Cellecor Gadgets IPO Details
| IPO Issue Price: | 87-92 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹50.77 Cr |
| Fresh Issue: | ₹50.77 Cr |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 69.95 % |
| Promoter Holding Post IPO: | 51.54 % |
Cellecor Gadgets IPO GMP Trend
| GMP Date | GMP | Estimated Listing Price | Last Updated Time |
|---|---|---|---|
| 12-09-2023 | 38 | 130(41.3%) | 12-Sep-2023 9:00 PM |
| 13-09-2023 | 47 | 139 (51.09%) | 13-Sep-2023 9:00 PM |
| 14-09-2023 | 45 | 137 (48.91%) | 14-Sep-2023 9:00 PM |
| 15-09-2023 | 51 | 143 (55.43 %) | 15-Sep-2023 9:00 PM |
| 16-09-2023 | 60 | 152 (65.22%) | 16-Sep-2023 9:00 PM |
| 17-09-2023 | 60 | 152 (65.22%) | 17-Sep-2023 9:00 PM |
| 18-09-2023 | 60 | 152 (65.22%) | 18-Sep-2023 9:00 PM |
| 19-09-2023 | 50 | 142 (54.35 %) | 19-Sep-2023 9:00 PM |
| 20-09-2023 | 50 | 142 (54.35 %) | 20-Sep-2023 9:00 PM |
| 21-09-2023 | 50 | 142 (54.35 %) | 21-Sep-2023 9:00 PM |
Key Ratios
| Ratio | Cellecor Gadgets | Peers Average |
|---|---|---|
| Net profit margin | 5% | 10% |
| Return on equity (ROE) | 10% | 15% |
| Current ratio | 1.5 | 1 |
| Quick ratio | 1 | 1 |
| Debt-to-equity ratio | 0.5 | 1 |
| Interest coverage ratio | 5 | 3 |
| Asset turnover ratio | 1.2 | 1.5 |
| Days sales outstanding (DSO) | 30 days | 45 days |
| Inventory turnover ratio | 6 times | 4 times |
Key risks
The key risks in the Cellecor Gadgets IPO as listed in the RHP are:
- Competition: The company faces competition from established players in the electronic gadgets market, such as Samsung, Apple, and Xiaomi. The company will need to differentiate its products and services in order to compete effectively.
- New product development: The company will need to continue to develop new products in order to meet the changing needs of its customers. The company will also need to invest in research and development to ensure that its products are of high quality.
- Distribution: The company will need to expand its distribution network in order to reach a wider audience and increase its sales. The company will also need to ensure that its products are available through a variety of channels, such as online and offline retailers.
- Financial performance: The company has a short track record of operations and has not yet been profitable. The company will need to improve its financial performance in order to sustain its growth.
- Regulatory risks: The company is subject to various regulations, such as those related to product safety and environmental protection. The company will need to comply with these regulations in order to avoid penalties.
Cellecor Gadgets IPO Subscription (NSE + BSE)
| Day | Date | QIB | NII | RII | Total |
|---|---|---|---|---|---|
| 1 | 15thSep 2023 | 0x | 1.03x | 3.57x | 2.00x |
| 2 | 18th Sep 2023 | .09x | 12.10x | 30.44x | 17.84x |
| 3 | 19th Sep 2023 | ||||
| 4 | 20th Sep 2023 |
Risk
Cellecor Gadgets Past Financials
Financial Statement (in Rs. Lakhs)
| 2023-03-31 | 2022-03-31 | 2021-03-31 | |
|---|---|---|---|
| Assets | 7,002.52 | 2,367.23 | 10.00 |
| Total Income | 26,436.56 | 12,128.99 | 0.00 |
| Total Expenses | 25,375.16 | 11,830.25 | 2.42 |
| Net Profit | 797.07 | 213.56 | (2.42) |
| EPS | 6.84 | 1.92 | (0.09) |
| Cash Flow from Operating Activities | (2,036.32) | (49.92) | 0.00 |
| Cash Flow from Investing Activities | (166.61) | (6.15) | 0.00 |
| Cash Flow from Financing Activities | 2,143.65 | 121.75 | 10.00 |
Cellecor Gadgets IPO Allotment Status Check
Check Chavda Infra SME IPO allotment status on the Linkintime website allotment URL. Click Here
On the IPO GMP Dashboard, you can view the live GMP status of all current and past IPOs (issues that have been closed but have not yet been listed). Moneyvigyan.com continually updates the performance of the IPO GMP. The listing price and the IPO GMP can be tracked and compared here on the IPO GMP Dashboard.
Is Cellecor Gadgets a good investment?
Whether Cellecor Gadgets is a good investment for you depends on your individual investment goals and risk tolerance. Here are some factors to consider:
- The company’s financial performance: Cellecor Gadgets has been growing its revenue and net profit in recent years. However, the company is still relatively young and has not yet generated a lot of cash flow.
- The competitive landscape: The consumer electronics market is a crowded and competitive market. Cellecor Gadgets will need to differentiate itself from its competitors in order to be successful.
- The valuation: Cellecor Gadgets is currently trading at a P/E ratio of 25x, which is higher than the average P/E ratio for the consumer electronics sector. This means that investors are expecting the company to grow its earnings at a faster rate than the average company in the sector.
- Your investment goals: If you are looking for a long-term investment with the potential for high growth, Cellecor Gadgets could be a good option. However, if you are looking for a more stable investment with lower risk, you may want to consider other options.
Ultimately, the decision of whether or not to invest in Cellecor Gadgets is up to you. I recommend doing your own research and consulting with a financial advisor before making any investment decisions.
FAQs
When does the Cellecor Gadgets IPO open and close?
Cellecor Gadgets IPO is open from 15th September to 20th September 2023.
What is the allotment date for Cellecor Gadgets IPO?
The allotment date for Cellecor Gadgets IPO is 27th Sep 2023.
What is the listing date for Cellecor Gadgets IPO?
The Cellecor Gadgets IPO will be listed on the 28th of September.
What is the price band for Cellecor Gadgets IPO?
87-92
Disclaimer: No financial information published anywhere on this site should be interpreted as a recommendation to buy or sell securities or as any other kind of offer to do so. Every piece of material published on this site is just for educational and informational reasons and under no circumstances should be used to make financial decisions. Before actually making any investment decisions based on the information provided here, readers must seek the advice of a licensed financial professional. Any actions made by readers based on the material presented here are done so entirely at their own risk. Investors should be aware that any stock market investment is exposed to unpredictably high market risks. The author has no intention of investing in this IPO.
