One of the leading Electronics and gadget companies has announced a stock split. Multibagger Share Cellecor Gadgets Ltd (NSE: CELLECOR-SM) is going to split into 10:1. Cellecor Gadgets listed on the stock exchange with its IPO debut last year in September 2023.
Let us tell you that, Cellecor Gadgets Limited is a multibagger stock that has offered more than 216% in just 9 months from listing. The share is currently trading at Rs 291 as of June 27. The company has also announced a record date for the stock split. Check more details below.
Cellecor Gadgets Stock Split News
On 26 June, a board meeting was held in which Cellecor Gadgets informed the stock exchange about the stock split. According to the recent filing to the stock exchange, Cellecor Gadgets approved the stock split with 10:1. This means Shareholders will get 10 equity shares with Rs 1 face value for the existing 1 share with Rs 10 face value.
The company has fixed 9 August as the record date for splitting. However, the stock split is subject to the approval of shareholders.
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Multibagger Share IPO Came Last Year
Cellecor Gadgets Ltd IPO came in the last of September 2023. The IPO Price band was set at a range of Rs 87 to Rs 92. However, it was listed on the stock exchange at a price of Rs 92.Â
Since the IPO debut, the share zoomed more than 216% and gave Multibagger returns to investors. The share became more than double from the IPO listing price.
Cellecor Gadgets Share Price
The shares of Cellecor Gadgets Ltd closed at Rs 291 with 5% decline on Thursday, June 27. The 52-week high is Rs 355 while its 52-week low is Rs 88.15. The market cap of the company currently stands at Rs 510.16 crore.
About the Company
Cellecor Gadgets Ltd is one of the leading Electronics device suppliers in India. The company sells a variety of electronic devices including smart watches, LED TVs, mobile phones and other consumer goods.
If we talk about its financial performance, the company has posted strong profit growth of 273.23 and sales growth of 117.95% in the last year. The ROE is 99.48% and ROCE of the company is 66?84%. Promoters holding of the company is 51.54% which is good.
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