Cellecor Gadgets Ltd. has announced public offering of 5518800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 82.00 per share. The gross proceeds of the issue are expected to be Rs 5,077.30 lakhs.

The company's initial public offer (IPO) will open on 15 September 2023 and is expected to close on 20 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 87.00-92.00 per share.

The IPO includes a fresh Issue of 5518800 Equity Shares of the Company at an price of Rs 92.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Cellecor Gadgets Ltd. anticipates using the proceeds of the issue for .

Narnolia Financial Services Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.