Cellecor Gadgets Limited

Company Name	Cellecor Gadgets Limited
Open Date	15-09-2023
Close Date	20-09-2023
Exchange	NSE SME
Lot Size	1200 Shares
Issue Price	₹87 to ₹92 per share
Issue Size	55,18,800 Equity Shares
Application Amount	₹ 1,10,400
Recommendation	Avoid

Cellecor Gadgets Limited was incorporated in the year 2020 and has its registered office in New Delhi. The Company is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands. The company sell the products under the flagship brand, i.e., CELLECOR. The company categorize the business into Entertainment and communication, Peripherals, and Modern Accessories. As of 31st March 23, the Company has 211 employees on its payroll

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Mar-23
Total Assets	10.00	2,367.23	7,002.52
Net Assets	7.58	221.14	1,381.26
Total Borrowings	-	121.75	2,084.38
Total Revenue	-	12,128.99	26,436.56
Profit After Tax	-2.42	213.56	797.07

Tentative Timeline

Opening Date	15-09-2023
Closing Date	20-09-2023
Basis of Allotment	25-09-2023
Initiation of Refunds	26-09-2023
Credit of Shares to Demat	27-09-2023
Listing Date	28-09-2023

Objects of the Issue

Working Capital Requirements

General Corporate Purposes.

Issue Expenses

Contact Information

Registered Office	Cellecor Gadgets Limited Unit No. 703, 7th Floor, Jaksons Crown Heights Plot No. 3BI Twin District Centre, Sector 10 Rohini Delhi - 110085
Phone	011 – 45038228
Email	cs@cellecor.in
Website	https://cellecor.com/

Offer Documents

Cellecor Gadgets Limited DRHP

Cellecor Gadgets Limited RHP

Registrar Details

Name	Skyline Financial Services Private Limited
Phone	02228511022
Email	compliances@skylinerta.com
Website	https://www.skylinerta.com/ipo.php

IPO Reservation

QIB Shares Offered	Not more than 50.00% of the Net offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer
Retail Shares Offered	Not less than 35.00% of the Offer

Shareholding Pattern

Pre Issue Share Holding (Promoters)	69.95%
Post Issue Share Holding (Promoters)	51.54%