Cellecor Gadgets IPO

Cellecor Gadgets Limited

₹1,04,400 /1200 sharesMinimum Investment

Cellecor Gadgets IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Sep ‘23 - 20 Sep ‘23₹1,04,4001,200₹87 - ₹92
Issue SizeIPO Doc
50.77Cr
RHP PDF

About Cellecor Gadgets

Cellecor 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;
Founded in
2020
Managing director
Mr. Ravi Agarwal
Parent organisation
Cellecor Gadgets Limited

Strengths & Financials of Cellecor Gadgets

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 Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Cellecor Gadgets IPO

Apply asPrice bandApply upto
Regular87 - 92₹2 Lakh
High Networth Individual87 - 92₹2 - 5 Lakh
For Cellecor Gadgets IPO, eligible investors can apply as Regular.
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