Cellecor Gadgets IPO: The Cellecor gadgets IPO date has been revealed. It’ll open on the 15th of September, 2023. The closing date is the 20th of September. Incorporated in the year 2020, Cellecor Gadgets Limited procures brands and distributes TVs, smartphones, wearables, mobile accessories, neckbands, and smartwatches. It is estimated that the price of the overall issue size of Cellecor gadgets IPO is Rs. 50.77 crores.
The company sells these smart products under the band CELLECOR. Now, their products can be found in over 24,000 retail stores. The product range is over 300, and the user base is 100 million.
Are you interested in knowing more about Cellecor gadgets IPO? In this article, we will give you all the details about the IPO date, price, and GMP.
Cellecor Gadgets IPO – Date, Price, and GMP
As mentioned above, the opening IPO date for Cellecor gadgets is 15th September. Its closing date is September 20, 2023. The IPO price band of the company is Rs. 87 to Rs. 92. It has 1200 shares in the market. The major objective of the company in issuing an IPO is to meet its working capital requirement. It also aims to use it for general corporate purposes.
The Rs. 50.77 crore, which is the IPO size, is divided into 5,518,800 equity shares. The basis of allotment will begin on Monday, 25th September, 2023 and on Tuesday, 26th September, 2023, the refunds will be initiated. By Wednesday, September 27, 2023, shares will be credited to the DMAT accounts.
You can apply for this IPO through ASBA, available in your banking account. All you need is to apply through your bank account and choose Cellecor gadgets IPO as your investing section. The company has been progressing rapidly in the past few years and has made its presence felt in PAN India. In 2022, its revenue was Rs. 12,128,99 lakhs, while in 2023, the revenue amount was Rs. 26,436.56 lakhs.
Major Details About the Cellecor Gadgets IPO
The IPO of Cellecor gadgets is a Book Built Issue. It’ll be listed on the NSE SME. Here are some major details about its IPO.
|Opening date of the IPO
|September 15, 2023
|Closing date of the IPO
|September 20, 2023
|Rs. 10 for every share
|Rs. 87 – Rs. 92 per share
|Size of the lot
|Overall size of the issue
|Type of issue
|Book Built Issue
|Place to find the listing
|Promoters of the company
|Mr. Ravi Agarwal and Mr. Nikhil Aggarwal
Cellecor Gadgets IPO GMP
The last GMP for Cellecor Gadgets SME IPO is Rs.10. This is today’s amount, that is, 9th September, 2023, at precisely 9:29 am. Currently, the price band is worth 92.00, and the expected listing price of Cellecor Gadgets IPO is Rs. 102. This includes the cap price, along with the current day’s GMP.
The estimated loss or gain percentage for a share is 10.87 per cent. Based on the recent three sessions of the grey market activities, IPO GMP is pointing upwards. Thus, we can forecast a strong listing. Rs. 0 is the lowest GMP. On the contrary, Rs. 10 is the highest GMP.
The Market Lot of Cellecor Gadgets IPO
The minimum market lot of Cellecor Gadgets IPO is 1200 shares. It has an application amount of Rs. 110,400. This table will give you the details regarding the market lot.
|Size of the lot
|Number of shares
Steps to Apply in Cellecor Gadgets IPO
There are many methods to apply online in Cellecor Gadgets IPO. You can also apply for it offline. These different ways are described below.
3-in-1 trading account: You can apply online in Cellecor Gadgets IPO straight with the website of your broker if they are a 3-in-1 service provider. Some examples of such brokers are ICICI Direct, HDFC Securities, and AxisDirect. They give you direct IPO investment.
2-in-1 trading account: 2-in-1 service providers give access to applying in the IPO of Cellecor Gadgets through their in-house platform. Examples of these brokers include TradeSmart Online and Zerodha. You should apply using the UPI method for payment in IPO. Ensure that you have your UPI mandate’s access to online IPO application.
ASBI: These include a majority of Syndicate Banks. They let you apply for the IPO through the ASBA process. You should have your DP ID data and access to net banking to apply for Cellecor Gadgets SME IPO through ASBI. Banking institutions like SBI and Axis Bank let you apply for a maximum of five applications from a single account. But others like HDFC and ICICI Bank have a limit of a single IPO ASBA application for one account.
Physical form: This is a method to apply for an IPO offline. You need to have UPI payment mode to fill out the physical forms. You must have access to your UPI mandate. You can use the mobile apps of banks that support the UPI process. These include HSBC, SBI, HDFC, ICICI, Citi Bank, and Yes Bank mobile app. Alternatively, use the BHIM app.
Frequently Asked Questions
What Is the Investor’s Portion in Cellecor Gadgets IPO?
The investor’s portion in QIB is 50%, and in retail, it is 35%.
What’s the minimum and maximum lot size of the Cellecor Gadgets IPO?
The minimum lot size of Cellecor Gadgets amounts to $110,400. This is also the maximum lot size.
What is the date of Cellecro Gadgets IPO allotment?
Cellecor Gadgets IPO allotment will take place on September 25, 2023, which is Monday. You will find the shares in your DMAT account by Wednesday.