31 Mar 2020
Assets87.29
Total Income88.51
Profit After Tax1.39
NET Worth45.32
Reserves and Surplus45.27
Total Borrowing0.00
At a glance
Updated 2026-08-23The shares listed at ₹177.00, a 73.53% move from the issue price. Frog Cellsat is a SME IPO with an issue size of ₹41.57 crore, proposed for listing on NSE SME. The offer opens on 29th Sep 2022 and closes on 4th Oct 2022. The issue structure includes a fresh issue of ₹39.49 crore. The current listing schedule points to 13th Oct 2022.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹41.57 Cr
Fresh issue₹39.49 Cr
Face value₹10
Price band₹97.00–₹102.00
Allotment10th Oct 2022
Listing13th Oct 2022
Listing performance
Full performance ↗Issue price₹102.00
Listing price₹177.00
Current price—
Listing gain73.53%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹60.00
GMP / upper price58.82%
Est. listing₹162.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens29th Sep 2022
Closes4th Oct 2022
Allotment10th Oct 2022
Refund11th Oct 2022
Demat12th Oct 2022
Listing13th Oct 2022
Subscription demand
Full bidding ↗Total21.06×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹122,400 |
Company
Incorporated2004
Use of proceeds
| Object | Amount |
|---|---|
| To part finance the expansion project | ₹30.25 Cr |
| General Corporate Purposes | ₹8.31 Cr |
| Issue Expenses | ₹3.00 Cr |
Financials
Full financials ↗31 Mar 2021
Assets92.85
Total Income129.40
Profit After Tax14.26
NET Worth59.58
Reserves and Surplus59.53
Total Borrowing0.00
31 Mar 2022
Assets97.25
Total Income135.29
Profit After Tax14.34
NET Worth68.96
Reserves and Surplus68.91
Total Borrowing0.00
Trend chart₹ crore
KPIs
| KPI |
|---|
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS2867.53
Pre-IPO P/E10.93
Promoter holding pre99.99%
Promoter holding post73.49%
Market cap₹156.83 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| To part finance the expansion project | ₹30.25 Cr |
| General Corporate Purposes | ₹8.31 Cr |
| Issue Expenses | ₹3.00 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Sarthi Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.