The initial public offering (IPO) for Cellecor Gadgets took place on September 15, 2023, and ended on September 20, 2023. Around ₹50.77 crores would be raised via the IPO of gadgets. 15% goes into NII, 50% goes toward QIB, and 35% goes toward the retail quota. Per equity share, the price range is set at ₹87 to ₹92. The Cellecor Gadgets IPO Allotment Status is anticipated on September 25, 2023. September 26, 2023, is the start date for refunds, September 27, 2023, is the day for shares to be credited to the demat account, and September 28, 2023, is the date for listing.
Cellecor Gadgets IPO Allotment Status
The first day of the Cellecor Gadgets IPO saw a complete subscriber base. The Cellecor Gadgets IPO Allotment Status has been subscribed 18.41 times, according to data on chittorgarh.com, as bids for 6,75,62,400 shares have been received against the offer of 5,518,800 shares. The SME IPO’s retail segment has had 31.50 subscriptions, and the Non-Institutional Investors (NII) category has seen 12.28 subscriptions. There were 0.10 bookings for the Qualified Institutional Investors (QIB) component.
The pricing range for the Cellecor Gadgets IPO Allotment Status is set at ₹87 to ₹92 for each equity share. A new issuance of 55,18,800 equity shares, valued at ₹50.77 crore, is included in the IPO. Each share is worth ₹10 at its face value. The IPO lot size for Cellecor Gadgets is 1,200 shares, and retail investors must deposit a minimum of ₹110,400 to participate. Prior to the IPO launch, the business had already received ₹14.46 crore from anchor investors.
Cellecor Gadgets IPO GMP
Market watchers report a consistent ₹60 grey market premium (GMP) for Cellecor Gadgets IPO since the weekend. They believe Cellecor Gadgets’ IPO GMP at ₹60 is positive despite the current secondary market slump. Since the public sale, Cellecor Gadgets’ IPO GMP has almost quadrupled, climbing from ₹33 to ₹60 per share. They anticipated sentiment to improve further because Sunil Singhania, a prominent investor, has indicated trust in this public issue, which is planned for listing on NSE SEM.
|Opening Date||September 15, 2023|
|Closing Date||September 20, 2023|
|Price Band||87-92 Rs|
|Fresh issue||50.77 Crore ( 55,18,800 Shares )|
|Total IPO size||50.77 Crore ( 55,18,800 Shares )|
|Minimum bid (lot size)||1200 Shares|
|Face Value||10 INR Per Share|
|Basis of Allotment||September 25, 2023|
|Initiation of Refunds||September 26, 2023|
|The credit of shares to demat||September 27, 2023|
|Listing Date||September 28, 2023|
|Listing On||NSE SME|
Market watchers said that the GMP for the Cellecor Gadgets IPO is now ₹60. This indicates that the grey market anticipates that the Cellecor Gadgets IPO listing price will be around ₹152 (₹92 + ₹60), which is more than 65% of the ₹87 to ₹92 price range for each product. They continued by saying that the grey market is indicating that investors may anticipate a listing gain of up to 65% from this SMKE IPO, which is supported by Sunil Singhania.
How To Check the Cellecor Gadgets Limited Allotment Status?
- Use the Angel One app to log in.
- Proceed to IPO Orders after visiting the IPO Section.
- Choose the specific IPO for which you submitted an application, then verify the allocation status.
- You will get an email and push message from Angel One informing you of your IPO allotment status.
Sunila Singhani connection
Four anchor investors contributed ₹14,46,24,000 to the Cellecor Gadgets IPO ahead of the subscription opening on September 15, 2023: AG Dynamics, Founder Collective Fund, India Ahead Venture Trust, and Meru Investment Fund PCC.
Sunil Singhani, who owns Abakkus Asset Manager and serves as an investment manager for India Ahead Venture Trust, is one of the four anchor investors. Therefore, the asset management company controlled by Sunil Singhani indirectly supports the SME problem.
Cellecor Gadgets Limited IPO Objectives
- In order to meet the company’s requirements for its operating capital.
- To meet general corporate purposes.
- To fund the issue-related expenses.
Cellecor Gadgets IPO Shares Offer
55,18,800 equity shares are being issued as part of the Cellecor Gadgets IPO. 1,048,800 shares are available for QIB, 787,200 shares for retail investors, and 1,834,800 shares for non-institutional investors in this issuance.
- QIB: 50%
- NII: 15%
- RII: 35%
Cellecor Gadgets IPO Review
Issue expenditures, working capital, and corporate objectives will be funded by the net proceeds. Its 300+ items are sold in over 24,000 retail shops throughout India, both online and offline. With over 800 distributors and 1200 service locations, Cellecor Gadgets
The business reserved 2.76 lakh equity shares for market makers SS Corporate Securities and Kantilal Chhaganlal Securities.
Skyline Financial Services is the registrant and Narnolia Financial Services is the only manager. The National Stock Exchange will list the SME on its Emerging Markets platform.
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