Cell Point IPO details & review at Chanakyanipothi.com,
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Cell Point IPO listing note:
As compared to issue price of Rs. 100, the scrip got listed at the same level. GMP prior to listing was (-)1.
Cell Point IPO Review:
The company is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories and mobile related products and allied accessories of various brands. It has tough competition from ecommerce platforms, other retail chains etc. The IPO size is large and the shares are offered at high valuation. May Avoid.
What is the GMP of Cell Point IPO?
GMP prior to listing Rs. (-) 1
Cell Point IPO Subscription Status
On 20 June 2023 @ 5.00 (Closed)
NII: 2391000 Shares 04.11T
RII: 2391000 Shares 07.92 T
Total: 5034000 Shares 06.03 T
Cell Point IPO Particulars & Guidance:
About the business
The company is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories and mobile related products and allied accessories of various brands such as Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, GIONEE, VIVO etc. We are also engaged in retail selling of some of the consumer durable electronics goods, specifically, smart televisions of various brands such as Xiaomi, Realme and One Plus.
All its products sold under one roof through its 75 retail store chain located all over the Andhra Pradesh.
The Company also provides payment option such as credit/EMI facilities including UPI, vouchers, & pay on delivery to its customers for buying its products for which the company has tied up with major leading credit houses like Bajaj Finserv, Capital First, TVS Credit finance etc. The products sold by the Company enjoy limited warranty from its supplier company as back-to-back. Generally, in case of defect the company gets free replacement or services from supplier Company
Its products offerings can be classified in four major categories as follows
1. Smart Phones and Tablets
2. Smart Watches
3. Accessories
4. Smart TVs
Get more information about the company @ www.cellpoint.biz
Cell Point IPO Details | |
IPO opens on Tentative | 15 June 2023 |
IPO closes on | 20 June 2023 |
Issue Type | Book Built Issue IPO |
Issue Size | 5034000 Sh /Rs 50.34Cr |
* Fresh Issue | 5034000 Sh /Rs 50.34 Cr |
* Offer for Sale | -Sh /Rs – Cr |
Face Value per share: | Rs. 10 |
Price Band | Rs.100 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 1200 Shares |
Listing will at | NSE SME |
Shares offered to | ||
Shares | Rs. (Cr) | |
QIB (50%) | – | – |
NII (15%) | 2391000 | 23.91 |
RII (35%) | 2391000 | 23.91 |
Total Shares | 4782000 | 47.82 |
Retail portion will be oversubscribed by | 1993 | |
Forms | ||
How much Shares to Apply in Cell Point IPO? | ||
Min Retail Application | 1200 Sh | Rs. 120000 |
Min HNI Application | 2400 Sh | Rs.240000 |
Who are the Promoters of Cell Point IPO?
MR. MOHAN PRASAD PANDAY AND MR. BALA BALAJI PANDAY
What are the Objects of Cell Point IPO?
The Company proposes to utilize the Net Proceeds from the Issue
1) Repayment of certain borrowings;
2) Repairs and Renovation of existing retail stores & setting of new retail stores;
3) To meet the Working Capital requirements
Cell Point IPO Details & Review
IPO Tentative timetable | |
IPO opens on | 15 June 2023 |
IPO Closes on | 20 June 2023 |
IPO Allotment on | 23 June 2023 |
Unblocking of ASBA | 26 June 2023 |
Credit of Shares | 27 June 2023 |
Listing on | 28 June 2023 |
Registered Office of the Company Door No 30-15-139/F/5,6 Ward No 27, Ram’s Arcade, Opposite Visakha Medical Centre, Dabagardens, Visakhapatnam 530020 |
Who are the Lead Managers of Cell Point IPO? |
First Overseas Capital Ltd |
Who is the Registrar to IPO? |
Bigshare Services Pvt. Ltd |
IPO Financial & Analytical Ratios | ||||
Year | Total Income | Net Profit | EPS | RoNW |
Rs.in Cr | Rs.in Cr | Rs. | % | |
2019-20 | 278.12 | 1.60 | – | 14.51 |
2020-21 | 223.56 | 0.69 | – | 5.90 |
2021-22 | 270.04 | 1.65 |
1.20 |
12.32 |
Book Value of the Share on | 31.12.2022 | Rs.14.04 | ||
Book Value of the Share | after the IPO | Rs.42.87 | ||
Offer Price | Rs. 100 |
Cell Point IPO Key Performance indicators *after adjusting 1:11 Bonus in Dec 2022 |
|
Upper Price/last EPS | 83.33* |
Upper price/BV Ratio | 10.47 |
Upper price/BV after IPO | – |
–
IPO Particulars & Guidance
Peer Comparison:
As on date of DRHP | FV | Total | PE |
Rs. | Income (Cr) | Ratio of | |
The IPO Company | 10 | 270.04 | 83.33* |
Bhatia Commun | 1 | 251.76 | 37.81 |
Quess Corp | 10 | 51.95 | 2.98 |
Teamlease Services | 10 | 183.92 | 8.21 |
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good listing cell point