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Cellecor Gadgets Limited IPO Review 

Cellecor Gadgets Limited has undergone a transformative journey since its inception in 2010. Beginning as a sole proprietorship known as “M/s Unity Communication,” the company was initially focused on trading, importing, exporting, assembling, and processing mobiles, mobile parts, accessories, and telecommunication products. Over the years, under the visionary leadership of its promoter, Ravi Agarwal, the company evolved and was formally incorporated as a private limited entity on December 31, 2020, under the name “Unitel India Private Limited.” Not stopping there, the company adapted and changed its name to “Unitel Info Private Limited” in 2022 and eventually embraced the status of a public limited company on May 12, 2023, rebranding itself as “Unitel Info Limited.” The journey of transformation continued as the company assumed the name “Cellecor Gadgets Limited” on May 25, 2023. This progression reflects the company's resilience, adaptability, and dedication to growth and innovation in the telecom and gadget industries.

Cellecor Gadgets Limited Products and Services

Cellecor Gadgets Limited is a dynamic company with a strong presence in the consumer electronics industry. Cellcor Gadgets Limited specializes in the meticulous branding and widespread distribution of an extensive array of tech-savvy products, including televisions, mobile phones, smart wearables, mobile accessories, smartwatches, and neckbands. All these products bear the distinguished hallmark of our flagship brand, CELLECOR. Over the years, we have successfully carved out a prominent presence in India, boasting a vast network of 1200+ service centers, 800+ distributors, and a robust retail footprint spanning over 24,000+ stores. Our diverse product range, which caters to the Entertainment and Communication, Peripherals, and Modern Accessories categories, is tailored to meet the demands of over 100 million satisfied consumers across the nation. Through both online and offline dealer channels, we offer affordable and cutting-edge consumer electronics, empowering individuals to enhance their lives with top-notch technology.

Cellecor Gadgets Limited Financial Overview

Cellecor Gadgets Limited has an impressive financial profile that reflects consistent growth and strategic financial management. As of March 2023, the company's equity and liabilities reveal a robust shareholder foundation with a share capital of ₹11.32 lakhs and reserves and a surplus of ₹1,369.94 lakhs, indicating a strong capital base for further expansion. The prudent management of non-current liabilities, including long-term borrowings and provisions, aligns with the company's long-term financial stability. Additionally, judicious handling of current liabilities, such as short-term borrowings and trade payables, reflects efficient working capital management.

On the assets side, Cellecor Gadgets Limited possesses a diverse portfolio of non-current and current assets, including property, plant & equipment, intangible assets, inventories, trade receivables, and cash equivalents. The significant growth in inventories from ₹1,197.98 lakhs in March 2022 to ₹5,143.86 lakhs in March 2023 underscores the company's commitment to meeting market demands and maintaining a competitive edge. The consistent augmentation of trade receivables signifies a widening customer base and sustained market traction.

Furthermore, Cellecor Gadgets Limited's profit & loss for the year ending March 2023 display impressive revenue from operations of ₹26,435.20 lakhs, demonstrating a substantial leap from previous years. This revenue is complemented by prudent expense management, showcasing effective control over costs of goods sold, employee benefits, financial costs, depreciation, and other operating expenses. The resulting profit before tax of ₹1,061.40 lakhs is a testament to the company's operational efficiency and strategic decision-making. The company's adeptness in balancing investments in assets and capital with borrowings and financial costs is highlighted, ensuring sustained growth and liquidity for the future.