Cell Point (India) Limited

Company Profile
Company Name Cell Point (India) Limited
Open Date 15-06-2023
Close Date 20-06-2023
Exchange NSE SME
Lot Size 1200 shares
Issue Price ₹ 100 per share
Issue Size 50,34,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Avoid
Cell Point (India) Limited was incorporated in the year 2013 and is headquartered in Vishakhapatnam -Andhra Pradesh. 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. They 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 their products are sold under one roof through 75 retail store chain located all over the Andhra Pradesh. Company also provides payment option such as credit/EMI facilities including UPI, vouchers, & pay on delivery to its customers for buying products for which 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.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Dec-22
Total Assets 6,530.63 8,270.46 9,064.19
Net Assets 1,171.31 1,335.94 1,916.94
Total Borrowings 3,858.03 5,171.68 5,838.29
Total Revenue 22,356.02 27,004.43 22,167.59
Profit After Tax 69.11 164.63 580.96

Tentative Timeline

Opening Date 15-06-2023
Closing Date 20-06-2023
Basis of Allotment 23-06-2023
Initiation of Refunds 26-06-2023
Credit of Shares to Demat 27-06-2023
Listing Date 28-06-2023

Objects of the Issue

Repayment of certain borrowings
Repairs and Renovation of existing retail outlets & setting of new retail outlets
To meet the Working Capital requirements
General Corporate Expenses
Issue Expenses

Contact Information

Registered Office Cell Point (India) Limited Door No 30-15-139/F/5, 6 Ward No 27, Ram’s Arcade, Opposite Visakha Medical Centre, Dabagardens, Visakhapatnam 530020
Phone +91 9000113897
Email cs@cellpoint.biz
Website https://cellpoint.biz/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Market Maker Shares Offered 2,52,000 (5.01%)
Other Shares Offered 23,91,000 (47.50%)
Retail Shares Offered 23,91,000 (47.50%)
Total Shares Offered 50,34,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.06%

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