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  • September 12, 2023

IPO : Cellecor Gadgets Limited

 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON September 15, 2023 (Friday)
 ISSUE CLOSES ON September 20, 2023 (Wednesday)
 ISSUE PRICE Rs.87 To Rs.92 per share
 ISSUE SIZE Up to Rs.50.77 Crores
 FACE VALUE Rs.10 per share

Incorporated in 2020, Cellecor Gadgets Limited is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands.

The company has three business verticals:

  1. Entertainment and Communication: Here, the company provides smart and conventional televisions that are fully outfitted with the GENZ Android operating system, and sound systems & sound bars. This category has 35 SKUs of televisions, 15 SKUs of sound systems and sound bars, and 70 SKUs of mobile phones.
  2. Peripherals: Here, the company provides True Wireless (“TWS”) Earbuds, Neckbands, and Smart Watches. These categories have more than 145 SKUs.
  3. Modern Accessories: Here, the company provides power banks, data cables, USB chargers, quick chargers, and other items under this category, many Wireless and Standard Power banks, all types of high-strength data lines, and the necessary adapters or chargers for each. More than 40 SKUs fall into this category.
 MINIMUM BID 1200 shares
 MINIMUM AMOUNT  Rs.1,10,400
 MAXIMUM BID 1200 shares
 MAXIMUM AMOUNT  Rs.1,10,400
 PROMOTER HOLDING 51.54 % (Post-issue)
 LISTING DATE September 28,2023 (Thursday)

Cellecor Gadgets has more than 1200 service centers, and more than 800 Distributors. Its products are also present at over 24,000 retail stores with more than 300 ranges of products and 100 million users in Pan India through offline and online channels.

The company recorded Rs. 26,436.56 Lacs, and Rs. 12,128.99 Lacs in Revenue from operations in fiscal 2023 and 2022.

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Working Capital Requirement,
  2. General Corporate Purposes, and
  3. Issue Expenses.
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