Frog Cellsat SME IPO Analysis @ Chanakyanipothi.com,
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Frog Cellsat IPO Listing information
Listed on 13 October 2022
Issue price Rs. 102
Listed at Rs. 177
High of Rs. 185.85
Closed at Rs. 185.80
| Frog Cellsat IPO Grey Market News |
| Updated on 13 October 2022 |
| Observation: |
| |
Fix |
Subject to |
| GMP |
Application |
Application |
| Rs. |
Rs |
Rs. |
| 49, NT |
stopped |
stopped |
| Frog Cellsat Subscription Trend |
| |
On 4.10.2022 |
at 5.00 pm |
| |
Shares |
Subscribed |
| QIB |
19,10,600 |
5.36 |
| NII |
5,73,180 |
70.94 |
| Retail 2L+ |
13,37,420 |
22.10 |
| Total |
38,21,200 |
21.06 |
Frog Cellsat Company Details
Frog Cellsat is engaged in manufacturing of telecom equipment’s used by telecom operator’s especially in Telecom Towers. It manufactures 2G/3G/4G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeater, Multi-band Optical DAS system, relative software and accessories. It also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company has two production unit one is located in Noida and second one is in located in Dehradun.
Its end-to-end RF enhancement solutions are well positioned in the industry for being price competitive, field proven, future-ready, and highly reliable. Its design, development, manufacturing, and quality control processes are ISO 9001:2015 certified. It is one of the most experienced and focused Telecommunication equipment suppliers.
Since inception, it has been expanding and diversifying its product portfolio to offer the widest range of indoor and outdoor coverage solutions in the industry today.
Frog Cellsat is providing its products and services across Asia, Europe, Africa, and the Middle East. Its main products are 2G/3G/4G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeater, Multi-band Optical DAS system, relative software and accessories. Also, its Production line is equipped with anti-static equipment, all products are subject to rigorous and reliability tests.
Frog Cellsat has been awarded the India-Israel Industrial R&D and Technology Innovation Fund (I4F) established by Department of Science & Technology (DST), Government of India from the Indian side and Israel Innovation Authority (IIA) from the Israeli side for development of Cellular Interface Mitigation Solution for Indian Market, based on UBiFiX Solution. UBiFiX solution assists mobile operators to protect and extract the most out of their licensed spectrum by cancelling external interference at the input of a cellular base-station receiver.
For more information, click www.frogcellsat.com
| Frog Cellsat IPO Details |
| IPO opens on |
29 September ,2022 |
| IPO closes on |
04 October ,2022 |
| Issue Type |
Book Built Issue IPO |
| Issue Size |
up to 4075200 Shares /Rs 41.57 Crore |
| * Fresh Issue |
Rs.41.57 Cr approx. |
| * Offer for Sale |
Up to Rs.0 Cr |
| |
|
| Face Value per share: |
Rs. 10 |
| |
|
| Price Band |
Rs. 97-102 |
| Employee discount |
Rs. 0 per share |
| Retail Lot Size |
1200 Shares |
| Listing will at |
NSE emerge |
| Shares offered to |
| |
Shares |
Rs. (Cr) |
| QIB (50 %) |
19,10,600 |
19.49 |
| NII (15 %) |
573,180 |
5.85 |
| RII (35 %) |
13,37,420 |
13.64 |
| Total Shares |
38,21,200 |
38.98 |
| Retail portion will be oversubscribed by |
1114 |
| Forms |
| How much Shares to Apply? |
| Min Retail Application |
1200 Shares |
Rs. 122400 |
| Max Retail Application |
1200 shares |
Rs. 122400 |
Objects of the IPO:
To part finance the expansion project
| Frog Cellsat IPO Tentative timetable |
| IPO opens on |
29 September,2022 |
| IPO Closes on |
04 October,2022 |
| IPO Allotment on |
10 October,2022 |
| Unblocking of ASBA |
11 October,2022 |
| Credit to Demat Accounts |
12 October,2022 |
| Listing on |
13 October,2022 |
| Registered Office of Frog Cellsat |
Office No. 406, D-35 Third Floor Old Plot
No. 2-A, Laxmi Nagar Delhi East, Delhi110092, India |
| Frog Cellsat IPO Lead Managers |
| Sarthi Capital Advisors Pvt. Ltd. |
| Registrar to Frog Cellsat IPO |
| Skyline Financial Services Pvt Ltd. |
| Frog Cellsat IPO Financial & Analytical Ratios |
| Year |
Total Income |
Net Profit |
EPS |
RoNW |
| |
Rs. Cr |
Rs. Cr |
Rs. |
% |
| 2019-20 |
88.51 |
1.39 |
278 |
4 |
| 2020-21 |
92.85 |
14.26 |
2852 |
24 |
| 2021-22 |
97.24 |
14.34 |
2656 |
19 |
| Book Value of the Share on |
31.03.2022 |
Rs.0.14 |
|
|
| Book Value of the Share |
after the IPO |
Rs. |
|
|
| Offer Price |
|
Rs. 102 |
|
|
| Ratio Analysis |
| Upper Price Band/last EPS |
(?) |
| Upper offer price/Book Value Ratio |
(?) |
| Upper offer price/BV after IPO Ratio |
(?) |
| Frog Cellsat IPO Peer Comparison: |
| as on date of DRHP |
Total Income Rs. |
Net Profit |
PE Ratio |
| |
Rs Cr. |
Rs. Cr |
|
| ITI Ltd |
2115.30 |
119.70 |
90.08 |
| Astra Microwave |
756.860 |
37.87 |
78.64 |
| |
|
|
|
| |
|
|
|
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October 13, 2022
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