Cell Point IPO: Cell Point IPO date is fixed, The IPO will open on June 15 and will close on June 20, 2023. Cell Point is an NSE SME IPO to raise ₹50.34 crores via IPO. They are also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs. They are operating our business under the brand name Cell Point India Pvt Ltd. Presently They are operating 75 stores across the state of Andhra Pradesh.
Cell Point IPO Dates
Cell Point (India) IPO opens on Jun 15, 2023, and closes on Jun 20, 2023. The Cell Point IPO price band is fixed at ₹100 with a market lot of 1200 shares. The finalization of the Basis of Allotment for Cell Point (India) IPO will be done on Friday, 23 June 2023, and the allotted shares will be credited to your demat account by Tuesday, 27 June 2023. The Cell Point (India) IPO listing date is Thursday, 29 June 2023.
Cell Point IPO Details
| IPO Date | Jun 15, 2023 to Jun 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,034,000 shares (aggregating up to ₹50.34 Cr) |
| Fresh Issue | 5,034,000 shares (aggregating up to ₹50.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 252,000 shares |
Important Dates of Cell Point IPO
Cell Point (India) IPO opens on Jun 15, 2023, and closes on Jun 20, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Thursday, 15 June 2023 |
| Closing Date | Tuesday, 20 June 2023 |
| Basis of Allotment | Friday, 23 June 2023 |
| Initiation of Refunds | Monday, 26 June 2023 |
| Credit of Shares to Demat | Tuesday, 27 June 2023 |
| Listing Date | Thursday, 29 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 20, 2023 |
Cell Point IPO Lot Size
The Cell Point (India) IPO lot size is 1200 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Objects of the Cell Point IPO
The company intends to utilize the proceeds from the net issue for the following objects:
- Repayment of certain borrowings.
- Repairs and Renovation of existing retail outlets & setting of new retail outlets.
- To meet the Working Capital requirements.
- General Corporate Expenses,
- Issue Expenses
About Cell Point India Limited IPO
Incorporated in 2001, Cell Point (India) Limited is engaged in multi-brand retail selling of Smart Phones, tablets, mobile accessories, and mobile-related products and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Redmi, and Oneplus.
The company is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs of various brands such as Xiaomi, Realme, and One Plus.
The company has over 75 stores across the state of Andhra Pradesh. Out of the 75 stores, 2 stores are owned properties and 73 stores are on leased properties.