Cell Point India IPO: GMP, price, date other details in 10 points

Cell Point India IPO: The initial public offer of Cell Point India Ltd is going to open on 15th June 2023 and the SME issue will remain open for bidding till 20th June 2023. This means the public offer is going to open on Thursday this week and it will end on Tuesday next week. The public issue is proposed for listing on NSE SME exchange and its shares have made debut in the grey market as well. According to market observers, shares of Cell Point India Ltd are available at a premium of ₹12 in grey market today. The company has fixed Cell Point India IPO price at ₹100 per share and one log of the IPO comprises 1200 company shares. This means, minimum amount required to apply for the NSE SME IPO is ₹1.20 lakh for a retail investor.

Here we list out important Cell Point India IPO details in 10 points:

1] Cell Point India IPO GMP today: According to market observers, shares of the company are available at a premium of ₹12 in grey market today.

2] Cell Point India IPO price: The company has fixed issue price at ₹100 per share.

3] Cell Point India IPO date: The public issue will open for bidding on 15th June 2023 and it will remain open for bidding till 20th June 2023.

4] Cell Point India IPO size: The SME company aims to raise ₹50.34 crore from this public offer.

5] Cell Point IPO lot size: A bidder will be able to apply in lot and one lot will comprise 1200 company shares.

6] Cell Point IPO allotment date: The likely date for allotment of shares is 23rd June 2023.

7] Cell Point IPO listing: The issue is proposed for listing on NSE SME exchange.

8] Cell Point India IPO listing date: The likely date for listing of shares is 29th June 2023.

9] Cell Point India IPO registrar: Bigshare Services Pvt Ltd has been appointed as official registrar of the IPO.

10] Cell Point India IPO review: Giving 'subscribe' rating to the SME IPO for medium to long term, SEBI registered analyst Nikhil Bhatt said, "Cell Point India IPO presents an appealing investment opportunity for those seeking long-term gains. With a solid foundation, visionary leadership, and a commitment to customer satisfaction, Cell Point India is poised to capitalise on the growing demand for smartphones and related products. Invest wisely and secure your position in this dynamic industry."

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.