Cell Point IPO details & review at Chanakyanipothi.com,
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    Cell Point IPO

    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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