Cellecor Gadgets IPO vs Hi-Green Carbon IPO

Comparision between Cellecor Gadgets IPO and Hi-Green Carbon IPO.

IPO Details

Cellecor Gadgets IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Hi-Green Carbon IPO is a SME Book Built Issue proposed to list at NSE SME.

	Cellecor Gadgets IPO	Hi-Green Carbon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Ss Corporate Securities Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Cellecor Gadgets IPO is up to ₹50.77 Cr whereas the issue size of the Hi-Green Carbon IPO is up to ₹52.80 Cr. The final issue price of Cellecor Gadgets IPO is ₹92.00 per share and of Hi-Green Carbon IPO is ₹75.00 per share.

	Cellecor Gadgets IPO	Hi-Green Carbon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹87.00 per share	₹71.00 per share
Issue Price (Upper)	₹92.00 per share	₹75.00 per share
Issue Price (Final)	₹92.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	55,18,800 shares	59,90,000 shares
Fresh Issue Size (Amount)	up to ₹50.77 Cr	up to ₹44.93 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹7.88 Cr
Issue Size Total	55,18,800 shares	70,40,000 shares
Issue Size Total (Amount)	up to ₹50.77 Cr	up to ₹52.80 Cr

IPO Timetable

Cellecor Gadgets IPO opens on Sep 15, 2023, while Hi-Green Carbon IPO opens on Sep 21, 2023. The closing date of Cellecor Gadgets IPO and Hi-Green Carbon IPO is Sep 20, 2023, and Sep 25, 2023, respectively.

	Cellecor Gadgets IPO	Hi-Green Carbon IPO
Anchor Bid Date	Sep 14, 2023	Sep 20, 2023
Issue Open	Sep 15, 2023	Sep 21, 2023
Issue Close	Sep 20, 2023	Sep 25, 2023
Basis Of Allotment (Tentative)	Sep 25, 2023	Sep 28, 2023
Initiation of Refunds (Tentative)	Sep 26, 2023	Sep 29, 2023
Credit of Share (Tentative)	Sep 27, 2023	Oct 03, 2023
Listing date (Tentative)	Sep 28, 2023	Sep 28, 2023
Anchor Lockin End date 1	Oct 25, 2023	Oct 28, 2023
Anchor Lockin End date 2	Dec 24, 2023	Dec 27, 2023

Financials

Cellecor Gadgets IPO P/E ratio is 13.45, as compared to Hi-Green Carbon IPO P/E ratio of 13.13.

Cellecor Gadgets IPO

Hi-Green Carbon IPO

Financial

Cellecor Gadgets IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	10.00	2,367.23	7,002.52
Revenue	0.00	12,128.99	26,436.56
Profit After Tax	-2.42	213.56	797.07
Net Worth	7.58	221.14	1,381.26
Reserves and Surplus	-2.42	211.14	1,369.94
Total Borrowing		121.75	2,084.38

Amount in ₹ Lakhs

Hi-Green Carbon IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	3,310.91	3,424.36	4,387.83
Revenue	2,429.39	5,113.95	7,903.90
Profit After Tax	9.59	367.95	1,084.78
Net Worth	806.28	1,174.23	2,259.02
Reserves and Surplus	-1,093.72	-725.77	359.02
Total Borrowing	1,783.10	1,586.70	1,362.19

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

69.95%

100.00%

Promoter Shareholding (Post-Issue)

51.54%

71.83%

P/E Ratio

13.45

13.13

Market Cap

₹192.90 Cr.

₹187.43 Cr.

ROE

57.71%%

63.19%%

ROCE

63.88%%

64.70%%

Debt/Equity

1.51

0.6

EPS

₹6.84

₹5.71

RoNW

57.71%%

48.02%%

Shares Offered

In the Cellecor Gadgets IPO retail investors (RII) are offered 18,34,800 shares while in Hi-Green Carbon IPO retail investors are offered 18,34,800 shares. Qualified institutional buyers (QIB) are offered 10,48,800 shares in Cellecor Gadgets IPO and 13,23,200 shares in Hi-Green Carbon IPO.

	Cellecor Gadgets IPO	Hi-Green Carbon IPO
Anchor Investor Reserveration	15,72,000 shares	19,84,000 shares
Market Maker Reserveration	2,76,000 shares	4,20,800 shares
QIB	10,48,800 shares	13,23,200 shares
NII	7,87,200 shares	9,93,600 shares
RII	18,34,800 shares	23,16,800 shares
Employee	0 shares	0 shares
Others
Total	36,70,800 shares	46,33,600 shares

Bids Received (Subscription)

Cellecor Gadgets IPO subscribed 116.33x in total, whereas Hi-Green Carbon IPO subscribed 168.92x.

	Cellecor Gadgets IPO	Hi-Green Carbon IPO
QIB (times)	57.58x	69.95x
NII (times)	176.54x	236.76x
Big NII (times)
Small NII (times)
RII (times)	124.08x	196.35x
Employee (times)
Other (times)
Total (times)	116.33x	168.92x

Compare with others

Cellecor Gadgets IPO	Hi-Green Carbon IPO
Hi-Green Carbon IPO	Sunita Tools IPO
Kody Technolab IPO	Marco Cables & Conductors IPO
Holmarc Opto-Mechatronics IPO	Mangalam Alloys IPO
Digikore Studios IPO	Master Components IPO
Madhusudan Masala IPO	Techknowgreen Solutions IPO
Kundan Edifice IPO	Kody Technolab IPO
Meson Valves India IPO	Holmarc Opto-Mechatronics IPO
Chavda Infra IPO	Digikore Studios IPO
Jiwanram Sheoduttrai Industries IPO	Madhusudan Masala IPO
Unihealth Consultancy IPO	Cellecor Gadgets IPO

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