Cellecor Gadgets Ltd - IPO

Cellecor Gadgets Ltd IPO Details

Initial public offering of up to 55,18,800 equity shares of Rs. 10/- each (Equity Shares) of Cellecor Gadgets Limited (CGL or the Company) for cash at a price of Rs. 92/- per equity share (the Issue Price), aggregating to Rs. 50.77 crores (The Issue).Out of the issue, 2,76,000 equity shares aggregating to Rs. 2.54 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 52,42,800 equity shares of face value of Rs. 10/- each at an issue price of Rs. 92/- per equity share aggregating to Rs. 48.24 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.32% and 25.00%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Working capital requirement. General corporate purposes.

Cellecor Gadgets Ltd Contact Details

Cellecor Gadgets Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@cellecor.in

Website - www.cellecor.com