Cell Point (India) Limited 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.
Cell Point (India) is 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 these products sold under one roof through company’s 75 retail store chain located all over the Andhra Pradesh.
Company’s products offerings can be classified in four major categories as follows:
- Smart Phones and Tablets: The company sell variety of smart phones and tablets/Ipads of all major brands operational in India like Apple, Samsung, Realme, Oppo, Oneplus, Nokia, Vivo and Lava to name a few.
- Smart Watches: The company offer a variety of smart watches of all major brands operational in India like Apple, Samsung, Realme, One Plus, Boat, Gizmore, Fitbit, Noise, GOQii Vital to name a few.
- Accessories: The company offer a variety of accessories for smart phones and tablets/ Ipads like Screen Guard, Memory Card, Ear Pods, Mobile Charger, Mobile Covers, Collar Neck Bank, Bluetooth earplugs, Car Charger, speakers, power banks etc. from brands such as Apple, Samsung, Xiaomi to name a few.
- Smart TVs: The company offer a variety of smart TV of 3 major brands- Xiaomi, Realme and One Plus.
Cell Point IPO – Details
| IPO Opening Date | 15 June 2023 |
| IPO Closing Date | 20 June 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 50,34,000 Shares Worth ₹50.34 Crore Fresh Issue: 50,34,000 Shares Worth ₹50.34 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Cell Point IPO – Date Schedule
| IPO Open Date | 15 June 2023 |
| IPO Close Date | 20 June 2023 |
| Basis of Allotment | 23 June 2023 |
| Initiation of Refund | 26 June 2023 |
| Credit of Shares to Demat Account | 27 June 2023 |
| IPO Listing Date | 28 June 2023 |
Cell Point IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,20,000 |
| Retail (Maximum) | 1 | 1200 | 1,20,000 |
| HNI (Minimum) | 2 | 2400 | 2,40,000 |
Competitive Strengths
- Established brand name.
- Experienced and Result Oriented Team.
- Strategic Location Benefit.
- Wide range of Products.
- Good network of stores all over Andhra Pradesh which offers One-Stop Solution.
- Training of work force and after sale services.
- Well established and cordial relationship with Manufacturers.
Company Promoters
- Mr. Mohan Prasad Panday
- Mr. Bala Balaji Panday
Object Of The Issue
- Repayment of certain borrowings.
- Repairs and Renovation of existing retail stores & setting of new retail stores.
- To meet the Working Capital requirements.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 278.11 | 275.72 | 1.60 |
| 31 March 2021 | 223.56 | 222.28 | 0.69 |
| 31 March 2022 | 270.04 | 267.61 | 1.64 |
| 31 December 2022 | 221.67 | 213.56 | 5.80 |
Cell Point IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.06% |
Cell Point IPO Prospectus
Company Contact Information
| 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: www.cellpoint.biz |
Cell Point IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Cell Point IPO Lead Manager(s)
| 1. First Overseas Capital Limited |
Cell Point IPO FAQs
| What is Cell Point IPO? Cell Point IPO is a SME IPO. The issue is priced at ₹100 per equity share. The IPO is to be listed on NSE SME. |
| When Cell Point IPO will open? The IPO is to open on 15 June 2023 for NII and Retail Investors. |
| How to Cell Point IPO? You can apply Cell Point IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Cell Point IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Cell Point”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Cell Point IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Cell Point”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Cell Point IPO Size? Cell Point IPO size is ₹50.34 crores. |
| What is Cell Point IPO Price Band? Cell Point IPO Price Band is ₹100. |
| What is Cell Point IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,20,000 amount while the maximum bid is 1200 shares with ₹1,20,000. |
| What is the Cell Point IPO Allotment Date? Cell Point IPO allotment date is 23 June 2023. |
| What is the Cell Point IPO Listing Date? Cell Point IPO listing date is 28 June 2023. The IPO is to list on NSE SME. |
