
Emerging SME Services · NSE
Incorporated in 2004, Frog Cellsat Limited specializes in manufacturing telecom equipment used by telecom operators, particularly for telecom towers. The company produces 2G/3G/4G multi-band digital RF repeaters, multi-band frequency shift repeaters, multi-band optical DAS systems, along with related software and accessories. In addition to manufacturing, the company offers a range of services, including installation and roll-out services, as well as network maintenance services. Frog Cellsat Limited operates two production units, one located in Noida and the other in Dehradun. Its design, development, manufacturing, and quality control processes are ISO 9001:2015 certified. The company provides its products and services across Asia, Europe, Africa, and the Middle East, catering to a global telecom market.
Price Band
₹102
Issue Size
₹41.57 Cr
Lot Size
1200 shares
GMP
+58.8%
Est. Listing
₹162
at current GMP
Subscribed
21.06x
overall
Open
29 Sep 2022
Close
4 Oct 2022
Allotment
11 Oct 2022
Refund
12 Oct 2022
Demat Credit
13 Oct 2022
Listing
13 Oct 2022
Overall Subscription
21.06x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 2,037,745 | — | 0.00x |
| Non-Institutional (NII / HNI) | 611,324 | — | 0.00x |
| Retail Individual (RII) | 1,426,422 | — | 0.00x |
| Total | 4,075,491 | 0 | 21.06x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,189 | 25,040 | 21.06x |
| HNIs (10L +) | 8 | 168 | 21.00x |
| HNIs (2-10L) | 36 | 758 | 21.06x |
| Total Applications | 1,233 | 25,966 | 21.06x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Frog Cellsat Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹41.57 Crores. The shares are offered at a price band of ₹102 to ₹102 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2022-10-04, the basis of allotment is scheduled to be finalized on 2022-10-11. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Ltd) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Frog Cellsat Limited IPO is ₹60 per equity share. Based on the upper price band of ₹102 to ₹102 per equity share, the estimated listing price is ₹162 (+58.8% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹60, the expected profit per application lot is approx ₹72,000 (+58.8% gain). Minimum application cost is approx ₹1,22,400.
The Frog Cellsat Limited IPO aggregate issue size is ₹41.57 Crores with an equity price band set at ₹102 to ₹102 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,22,400.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 21.06x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Ltd) and the BSE status verification website on or around 2022-10-11. Investors can verify status using PAN card or application number.
Frog Cellsat Limited shares are scheduled to list on NSE on 2022-10-13.