Cellecor Gadgets IPO vs Chavda Infra IPO

Comparision between Cellecor Gadgets IPO and Chavda Infra IPO.

IPO Details

Cellecor Gadgets IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Chavda Infra IPO is a SME Book Built Issue proposed to list at NSE SME.

	Cellecor Gadgets IPO	Chavda Infra 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	Kfin Technologies Limited
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 Chavda Infra IPO is up to ₹43.26 Cr. The final issue price of Cellecor Gadgets IPO is ₹92.00 per share and of Chavda Infra IPO is ₹65.00 per share.

	Cellecor Gadgets IPO	Chavda Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹87.00 per share	₹60.00 per share
Issue Price (Upper)	₹92.00 per share	₹65.00 per share
Issue Price (Final)	₹92.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	55,18,800 shares	66,56,000 shares
Fresh Issue Size (Amount)	up to ₹50.77 Cr	up to ₹43.26 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	55,18,800 shares	66,56,000 shares
Issue Size Total (Amount)	up to ₹50.77 Cr	up to ₹43.26 Cr

IPO Timetable

Cellecor Gadgets IPO opens on Sep 15, 2023, while Chavda Infra IPO opens on Sep 12, 2023. The closing date of Cellecor Gadgets IPO and Chavda Infra IPO is Sep 20, 2023, and Sep 14, 2023, respectively.

	Cellecor Gadgets IPO	Chavda Infra IPO
Anchor Bid Date	Sep 14, 2023	Sep 11, 2023
Issue Open	Sep 15, 2023	Sep 12, 2023
Issue Close	Sep 20, 2023	Sep 14, 2023
Basis Of Allotment (Tentative)	Sep 25, 2023	Sep 20, 2023
Initiation of Refunds (Tentative)	Sep 26, 2023	Sep 21, 2023
Credit of Share (Tentative)	Sep 27, 2023	Sep 22, 2023
Listing date (Tentative)	Sep 28, 2023	Sep 25, 2023
Anchor Lockin End date 1	Oct 25, 2023	Oct 20, 2023
Anchor Lockin End date 2	Dec 24, 2023	Dec 19, 2023

Financials

Cellecor Gadgets IPO P/E ratio is 13.45, as compared to Chavda Infra IPO P/E ratio of 9.72.

Cellecor Gadgets IPO

Chavda Infra 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

Chavda Infra IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	8,668.11	10,880.79	15,424.40
Revenue	9,131.05	10,987.68	16,203.37
Profit After Tax	443.84	521.46	1,204.62
Net Worth	1,314.28	1,835.74	3,040.36
Reserves and Surplus	1,164.28	1,685.74	1,240.36
Total Borrowing	3,330.32	4,993.14	5,328.95

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

69.95%

100.00%

Promoter Shareholding (Post-Issue)

51.54%

73%

P/E Ratio

13.45

9.72

Market Cap

₹192.90 Cr.

₹160.26 Cr.

ROE

57.71%%

49.41%%

ROCE

63.88%%

43.62%%

Debt/Equity

1.51

1.75

EPS

₹6.84

₹6.69

RoNW

57.71%%

39.62%%

Shares Offered

In the Cellecor Gadgets IPO retail investors (RII) are offered 18,34,800 shares while in Chavda Infra IPO retail investors are offered 18,34,800 shares. Qualified institutional buyers (QIB) are offered 10,48,800 shares in Cellecor Gadgets IPO and 12,64,000 shares in Chavda Infra IPO.

	Cellecor Gadgets IPO	Chavda Infra IPO
Anchor Investor Reserveration	15,72,000 shares	18,96,000 shares
Market Maker Reserveration	2,76,000 shares	3,36,000 shares
QIB	10,48,800 shares	12,64,000 shares
NII	7,87,200 shares	9,48,000 shares
RII	18,34,800 shares	22,12,000 shares
Employee	0 shares	0 shares
Others
Total	36,70,800 shares	44,24,000 shares

Bids Received (Subscription)

Cellecor Gadgets IPO subscribed 116.33x in total, whereas Chavda Infra IPO subscribed 180.06x.

	Cellecor Gadgets IPO	Chavda Infra IPO
QIB (times)	57.58x	95.10x
NII (times)	176.54x	241.96x
Big NII (times)
Small NII (times)
RII (times)	124.08x	202.07x
Employee (times)
Other (times)
Total (times)	116.33x	180.06x

Compare with others

Cellecor Gadgets IPO	Chavda Infra IPO
Hi-Green Carbon IPO	Digikore Studios IPO
Kody Technolab IPO	Madhusudan Masala IPO
Holmarc Opto-Mechatronics IPO	Cellecor Gadgets IPO
Digikore Studios IPO	Kundan Edifice IPO
Madhusudan Masala IPO	Meson Valves India IPO
Kundan Edifice IPO	Jiwanram Sheoduttrai Industries IPO
Meson Valves India IPO	Unihealth Consultancy IPO
Chavda Infra IPO	Kahan Packaging IPO
Jiwanram Sheoduttrai Industries IPO	Pramara Promotions IPO
Unihealth Consultancy IPO	Saroja Pharma Industries IPO

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