Cell Point India IPO
Cell Point India IPO
The SME firm has set a fixed price of Rs100 per share for its public offering, and each lot will contain 1200 company shares.
Date
| IPO Date | Jun 15, 2023 to Jun 20, 2023 |
| Listing Date | Expect 29 JUN 2023 |
| Face Value | RS 10 Per Share |
| Price | RS 100 Per Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 5,034,000 shares (aggregating up to Rs 50.34 Cr) |
| Fresh Issue | 5,034,000 shares (aggregating up to Rs 50.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
The subscription period for Cell Point India Ltd.’s initial public offering (IPO) began on June 15 and will end on June 20.
Meanwhile, after opening of the public issue, grey market sentiments have gone northward. According to market observers, shares of Cell Point IPO is available at a premium of ₹14 in grey market today.
Objects of the IPO Issue
- 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; andIssue Expenses
Cell Point ( India )
IPO GMP
Grey market price for shares of the Cell Point India IPO is a premium of Rs 14.
Cell Point India
IPO Allotment Details
On June 23, 2023, the share distribution will be finalised.
The Cell Point India IPO listing date is most likely to be June 29, 2023, and the SME IPO is scheduled for listing on NSE SME platform.
IPO Allotment Status
Cell Point (India)
SME IPO Allotment has not yet been announced, but it is anticipated to do so by June 23. We will update the link as soon as the announcement is made.
Cell Point IPO Faq
The SME company is offering its public issue at a fixed price of ₹100 per share.
The public issue will remain open till 20th June 2023.
Market watchers estimate that the grey market premium (GMP) for the Cell Point India IPO is now Rs 14, up from its GMP of Rs 12 on Wednesday.
The SME company plans to issue new 5,034,000 company shares as part of its public offering in order to raise 50.34 crore.
One lot of the IPO will contain 1200 shares, and bidders will be allowed to submit applications for the public offering in lots.
Company Contact Information
Cell Point (India) Limited
Door No 30-15-139/F/5, 6 Ward No 27,
Ram’s Arcade, Opposite Visakha Medical Centre,
Dabagardens, Visakhapatnam 530020
Email: cs@cellpoint.biz
Website: https://cellpoint.biz/
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