Equity shares in Cell Point Limited will be issued via fixed price issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Cell Point Limited is set for the week of June 15 – June 20, 2023.The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares. With a face value of Rs. 10, each of the 5,034,000 shares up for sale in the IPO may bring in as much as 50.34 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About Cell Point Limited
Cell Point (India) Limited was founded in 2001 and specializes in multi-brand retail sales of Smartphones, tablets, mobile accessories, and mobile-related products and allied accessories from manufacturers such as Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Redmi, and Oneplus. The company also engages in multi-brand retail sales of consumer durable electronics such as Smart TVs from manufacturers such as Xiaomi, Realme, and One Plus.The company operates around 75 outlets in Andhra Pradesh. 2 of the 75 establishments are owned, while the other 73 stores are leased.
Cell Point Limited IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 15th June 2023 |
| Issue Closes | 20th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 100 Per Share |
| Issue Size | 1,035,000 Shares (Rs 50.34 crores) |
| Minimum Order Quantity | 1200 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The proceeds from the net issuance will be used for the following purposes by the company:
- Repayment of certain debts.
- Repair and renovation of existing retail outlets & establishment of new retail outlets.
- Meeting working capital requirements.
- General Corporate Expenses, as well as Issue Expenses.
Cell Point Limited — Company Contact Details
- Registered & Corporate Office: Door No 30-15-139/F/5, 6 Ward No 27, Ram’s Arcade, Opposite Visakha Medical Centre, Dabagardens, Visakhapatnam 530020
- Telephone: +91 9000113897
- Website: https://cellpoint.biz/
Cell Point Limited IPO – Lead Managers of the Issue
First Overseas Capital Limited
- Office Address: 1-2, Bhupen Chambers Ground Flr, Dalal Street, Mumbai – 400001
- Telephone: +91 22 4050 9900
- Email: rushabh@focl.in
Cell Point Limited IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Cell Point Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
