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Open
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Close
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Allotment
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Listing
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Issue Size
16,70,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 25.04 | 11.47 | 5.10 | 3.89 |
| Total Income | 26.04 | 25.99 | 17.12 | 9.24 |
| Profit After Tax | 3.13 | 3.61 | 1.42 | 0.01 |
| EBITDA | 5.41 | 5.45 | 2.33 | 0.16 |
| NET Worth | 8.19 | 5.16 | 1.55 | 0.13 |
| Reserves and Surplus | 3.49 | 5.06 | 1.45 | 0.03 |
| Total Borrowing | 13.73 | 3.09 | 9.00 | 3.65 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| IC Electricals Co.Ltd. | SME | ₹47.91 Cr | ₹99 | 9.42 | ₹174.30 | +76.06% | ₹159.60 (-7.24%) |
| Vivid Electromech Ltd. | SME | ₹130.54 Cr | ₹555 | 19.2 | ₹563.05 | +1.45% | ₹1,315.00 (+4.49%) |
| INDO SMC Ltd. | SME | ₹91.95 Cr | ₹149 | 16.1 | ₹154.80 | +3.89% | ₹448.60 (+5.00%) |
| Sugs Lloyd Ltd. | SME | ₹85.66 Cr | ₹123 | 11.91 | ₹125.85 | +2.32% | ₹132.00 (-2.00%) |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹470.70 (-1.60%) |
| Fujiyama Power Systems Ltd. | Mainboard | ₹828.00 Cr | ₹228 | 40.85 | ₹208.44 | -8.58% | ₹383.80 (+2.39%) |
| Emmvee Photovoltaic Power Ltd. | Mainboard | ₹2,900.00 Cr | ₹217 | 34.9 | ₹219.40 | +1.11% | ₹331.00 (+3.46%) |
| Saatvik Green Energy Ltd. | Mainboard | ₹900.00 Cr | ₹465 | 24.35 | ₹440.70 | -5.23% | ₹440.55 (+0.92%) |
| Mangal Electrical Industries Ltd. | Mainboard | ₹400.00 Cr | ₹561 | 24.31 | ₹535.35 | -4.57% | ₹284.65 (-1.35%) |
| Vikram Solar Ltd. | Mainboard | ₹2,079.37 Cr | ₹332 | 75.16 | ₹356.40 | +7.35% | ₹182.80 (-0.63%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 11.00 |
| 2 | Funding working capital requirement of the Company | 13.00 |
| 3 | General Corporate Purposes | |
| Total | 24.00 |
About Cellcronic Technologies IPO
Incorporated in June 2019, Cellcronic Technologies Limited is engaged in providing solar power solutions under its "Cellcronic" brand. The company primarily focuses on hybrid solar inverter systems and Lithium Iron Phosphate (LFP) batteries for residential, institutional, and small commercial applications. It was converted into a public limited company in March 2025. The company's product portfolio includes hybrid solar inverters (3 kW–20 kW), low-voltage and high-voltage LFP batteries, DC changeover switches, and protection boxes. Its integrated solar power systems are designed to provide efficient energy management, battery backup, grid connectivity, and uninterrupted power supply solutions. Cellcronic follows an asset-light business model, sourcing major products from OEM partners while assembling protection boxes and battery interconnects in-house. The company distributes its products through a growing network of dealers and distributors across India, supported by online channels and third-party installers. Its in-house assembly and customization capabilities help ensure product quality, reliability, and installation consistency. As of April 30, 2026, the company had 50 employe
Contact Details
Cellcronic Technologies Ltd. AddressShop No. 1, Opp. Newal Power HousePetrol PumpS.S. KunjpuraKarnal, Haryana, 132023+91 925 497 295info@cellcronic.comVisit Website