Incorporated 2004, Frog Cellsat Limited is engaged in manufacturing of telecom equipment used by telecom operators especially in Telecom Towers. The company manufactures 2G/3G/4G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeater, Multi-band Optical DAS system, relative software and accessories.
The company offers services such as Installation and Roll-out Services, Network Maintenance Services and Installation and Roll-out Services.
Frog Cellsat Limited has two production unit one is located in Noida and second one is in located in Dehradun. The company's design, development, manufacturing, and quality control processes are ISO 9001:2015 certified.
Frog Cellsat Limited is providing its products and services across Asia, Europe, Africa, and the Middle East.
Competitive Strength :
- Leveraging the experience of our Promoters and management.
- Quality Product at Competitive Price.
- In House R&D Facility.
- Strong Sales and Service Team.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To part finance the expansion project | ₹30 |
| 2 General Corporate Purposes | ₹8 |
| 3 Issue Expenses | ₹3 |
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Total Assets | 8,729 | 9,285 | 9,725 |
| Revenue | 8,851 | 12,940 | 13,529 |
| PAT | 139 | 1,426 | 1,434 |
| Net Worth | 4,532 | 5,958 | 6,896 |
| Reserves | 4,527 | 5,953 | 6,891 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,934,400 (47%) | — |
| NII / HNI | — | 580,800 (14%) | — |
| Retail (RII) | — | 1,356,000 (33%) | — |
| Market Maker | — | 204,000 (5%) | — |
| Total | — | 4,075,200 (100%) | — |
* Amount calculated at upper price band (₹102) · ** Total includes all investor categories
- 1 Initiation of Refund 11 Oct 2022
- 2 Credit of Shares to Demat 12 Oct 2022
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 11x reflects a strong valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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