What is the issue size of Cellecor Gadgets IPO?

The issue size of the Cellecor Gadgets IPO is Rs 50.77 crores.

What is 'pre-apply' for Cellecor Gadgets IPO?

Pre-apply will alow you to apply for the Cellecor Gadgets IPO 2 days before the subscription period starts.

If I pre-apply for Cellecor Gadgets IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Cellecor Gadgets IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Cellecor Gadgets IPO order is placed?

We will notify you when your Cellecor Gadgets IPO order is placed with the exchange.

What are the open and close dates of the for Cellecor Gadgets IPO?

Cellecor Gadgets IPO will be open between 15 Sept - 20 Sept, 2023.

What is the lot size and minimum order quantity of the Cellecor Gadgets IPO?

Cellecor Gadgets Limited IPO lot size is 1200 shares.

What are the allotment dates for the Cellecor Gadgets IPO?

Cellecor Gadgets IPO allotment date is 25 Sept, 2023. For Cellecor Gadgets IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Cellecor Gadgets IPO?

Cellecor Gadgets IPO registrar is Skyline Financial Services Private Ltd. You can check Cellecor Gadgets IPO allotment status on the website of the registrar.

Where is the Cellecor Gadgets IPO getting listed?

The shares are proposed to be listed on NSE SME.

Cellecor Gadgets IPO

Cellecor Gadgets Limited

₹1,04,400 /1200 sharesMinimum Investment

Cellecor Gadgets IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹92.00₹92.00₹0.00 (0.00%)
Cellecor Gadgets IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
15 Sep ‘23 - 20 Sep ‘23₹1,04,4001,200₹87 - ₹92
Issue SizeIPO Doc
50.77CrRHP PDF
About Cellecor GadgetsCellecor Gadgets was incorporated in 2020. The company specializes in the procurement, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, smartwatches, and neckbands. The company sells its products under the flagship brand, CELLECOR.
The company’s business can be categorized into these verticals: entertainment and communication, peripherals, and modern accessories;
Parent Organisation
Cellecor Gadgets Limited
Founded
2020
Managing Director
Mr. Ravi Agarwal
Strengths & Risks
Cellecor Gadgets has an extensive sales network, featuring 800+ active distributors and 24,000+ active retailers as of March 31, 2023. They rely on these distributors to sell their products.
In 2022 and 2023, the company saw substantial revenue from their Hearable and Wearable category, amounting to Rs. 1,577.92 lakhs (13.01% of total revenue) and Rs. 5,929.10 lakhs (22.43% of total revenue), respectively. Their Phones category also contributed significantly, with Rs. 8,278.90 lakhs (68.26% of total revenue) in 2022 and Rs. 12,360.88 lakhs (46.76% of total revenue) in 2023.
The company's research and development (R&D) team, as of March 31, 2023, comprises over 50 engineers, including specialists in hardware design and development, firmware design and development, software design and development, as well as mobile application development.
Their warehouse network spans across several locations, including Delhi, Assam, Uttar Pradesh, Karnataka, Maharashtra, Madhya Pradesh, and West Bengal. They distribute over 300+ SKUs to 28 states and union territories.
As of March 31, 2023, the company has a network of 1200+ authorized service providers responsible for managing and delivering after-sales services to their customers.
The company's top revenue-generating states in 2023 were Uttar Pradesh, Delhi, and Haryana, contributing Rs. 6,160.06 lakhs (23.33% of total revenue), Rs. 5,980.96 lakhs (22.63% of total revenue), and Rs. 3,378.70 lakhs (12.78% of total revenue), respectively.
Cellecor Gadgets relies on a few external suppliers for crucial components, materials, services, and products. If these suppliers encounter shortages or stop providing these resources, it could harm the company's business.
If technological advancements or alternative products make the company's offerings obsolete, it may negatively impact its business. 
The company does not have its own manufacturing facility and depends entirely on third-party manufacturers for production. Failing to meet BIS standards, delays, or the inability to renew or maintain these standards could result in the cancellation or revocation of the company's license by the relevant authority.
The company heavily relies on direct distribution for sales, accounting for 96.74% in 2023 and 99.63% in 2022. Any slowdown or shutdown in the operations of its manufacturing partners could have adverse consequences on the company's business and financial condition.
The company relies entirely on third-party logistics providers for product supply and transportation to distributors.
The company has engaged in related party transactions in the past and may continue to do so in the future.
The company, its promoter, and its directors are currently involved in various pending litigations.
The company has experienced negative cash flows in previous years. Any future operating losses or negative cash flows could adversely affect the company's financial condition.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹87 - 92₹2 Lakh
High Networth Individual₹87 - 92₹2 - 5 Lakh
For Cellecor Gadgets IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹92.00	₹92.00	₹0.00 (0.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
15 Sep ‘23 - 20 Sep ‘23	₹1,04,400	1,200	₹87 - ₹92

Issue Size	IPO Doc
50.77Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹87 - 92	₹2 Lakh
High Networth Individual	₹87 - 92	₹2 - 5 Lakh

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