Cellecor Gadgets IPO: Review, GMP, Price, Lot Size Among 10 Things To Know

The subscription window will open for Cellecor Gadgets Limited's initial public offering (IPO) on September 15th. The price range issue has been set by the SME company at Rs. 87 to Rs. 92 per equity share. The Cellecor Gadgets Limited IPO has been proposed for listing on the NSE SME platform, and the company hopes to raise 50.77 crore from its IPO, according to the Red Herring Prospectus (RHP) of the public offering.

Cellecor Gadgets IPO Details

Here are 10 things to know about Cellecor Gadgets IPO.

1. Cellecor Gadgets IPO size: The entire offering consists of the offering and sale of 55.18 lakh new equity shares with a face value of Rs. 10, totalling Rs. 50.77 crore.

2. Cellecor Gadgets IPO price: At a face value of Rs. 10 per share, the corporation has a set price range of Rs. 87-92 per equity share.

3. Cellecor IPO GMP: As of September 10th, 2023, 06:03 AM, the market watchers predict that Cellecor Gadgets SME IPO's latest GMP is Rs 10. The anticipated listing price for Cellecor Gadgets SME IPO is Rs 102 (cap price plus today's GMP), considering the upper price band of Rs 92.00. Therefore, it is anticipated that Cellecor Gadget will be listed on D-street on September 28, 2023, at a premium of 10.87%.

4. Cellecor Gadgets IPO date: On Friday, September 15, bidding for Cellecor Gadgets' initial public offering (IPO) will be welcomed and will end on Wednesday, September 20, 2023.

5. Cellecor Gadgets lot size: The company has set an acceptable application amount of Rs 1,10,400 for each lot, which has a predefined lot size of 1,200 equity shares.

6. Cellecor Gadgets share allotment: The corporation has set 25 September 2023 as a potential deadline for share allocation.

7. Cellecor IPO registrar: Skyline Financial Services Private Ltd and Narnolia Financial Services Ltd have been selected as the official registrar and lead manager, respectively, for the NSE SME IPO.

8. Cellecor Gadget listing: The IPO listing for Cellecor Gadgets is anticipated to take place on September 28, 2023.

9. Cellecor IPO reservation: While 15% of equity shares will remain for non-institutional investors, the corporation has reserved 50% of the net offer for qualified institutional bidders (QIBs) and the remaining 35% of the offer will be distributed to retail investors.

10: Cellecor IPO review: Despite strong return ratios including ROCE and ROE coupled with strong profitability and a lower PE ratio, debt-equity ratio remains high for a consumer-based company. Investors can subscribe only for listing gains, said AR Ramachandran from Tips2Trades.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.