Cellecor Gadgets Limited IPO
i. Cellecor Gadgets is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearable, mobile accessories, smart watches, and neckbands. They sell their products under our flagship brand, i.e., CELLECOR. Over the years, they have been able to build our presence in India by having 1200+ service centres, 800+ Distributor, and their products are also present at 24,000+ retail store with 300+ wide range of products and 100 million users Pan India is purchasing a wide range of consumer products at affordable prices through our dealer channels (online as well as offline).
The company categorize their business verticals into the following categories:
1. Entertainment and Communication
In this area, they focus on 35 SKUs of televisions, 15 SKUs of sound systems and sound bars, and 70 SKUs of mobile phones. With the goal of offering each individual advanced television services and experiences, they truly focus on people’s preferences. In order to give people a convenient and user-friendly experience, they offer a wide variety of sizes of smart and conventional televisions that are fully outfitted with the GENZ Android operating system.
Under this segment, they focuses on True Wireless (“TWS”) Earbuds, Neckbands, and Smart Watches. With a commitment to providing a new generation with reasonably priced smart watches equipped with the latest processors, operating systems, and technology so that they will be able to measure their daily improvement in health. These categories have more than 145 SKUs.
3. Modern Accessories
Th company sell power banks, data cables, USB chargers, quick chargers, and other items under this category, many Wireless and Standard Power banks, all types of high-strength data lines, and the necessary adapters or chargers for each. More than 40 SKUs fall into this category.
i. Experienced Promoter and strong senior management team with extensive knowledge of the sector
ii. Strong R&D team
iii. Quality sourcing & strong manufacturing linkages to meet the exacting demands
Objects of the Cellecor Gadgets Limited IPO:
Cellecor Gadgets Limited IPO Details:
|Open Date:||Sep 15 2023|
|Close Date:||Sep 20 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||50.77 Cr.|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 87 - 92 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Sep 28 2023|
Promoters And Management:
Financials of Cellecor Gadgets Limited IPO:
Particulares ( In Lakhs )
|Revenue from Operations||0||12,129||26,435|
|Cost of Goods Sold||0||10,458||20,881|
|Employee Benefits Expense||0||667||1,048|
|Depreciation & Amortisation||0||2||46|