Cello World Limited IPO – Dates, Issue Size, Lot Size, Price Band

Cello World Limited IPO: Cello World Limited, a renowned Indian consumer product company, is set to make waves in the stock market with its Initial Public Offering (IPO). The IPO, which is a book-built issue of Rs 1,900.00 crores, marks a significant milestone for the company. In this blog, we’ll delve into the key details and insights surrounding the Cello World Limited IPO.

See Also: Cello World Limited IPO GMP Today

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Cello World Limited IPO Details

Cello World Limited’s IPO is scheduled to open for subscription on October 30, 2023, and will close on November 1, 2023. The allocation process is expected to be completed on Monday, November 6, 2023. The stock is slated to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with a tentative listing date of Thursday, November 9, 2023.

Here’s an overview of the critical details of the Cello World Limited IPO:

IPO NameCello World Limited
IPO DateOctober 30, 2023, to November 1, 2023
Listing DateNovember 9, 2023
Face Value₹5 per share
Price Band₹617 to ₹648 per share
Lot Size23 Shares
Total Issue Size29,320,987 shares (aggregating up to ₹1,900.00 Cr)
Offer for Sale29,320,987 shares of ₹5 (aggregating up to ₹1,900.00 Cr)
Employee Discount₹61 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding Pre-Issue195,000,000
Shareholding Post-Issue212,231,034

See Also: Upcoming IPO List

Cello World Limited IPO Reservation

The allocation of shares in the Cello World Limited IPO is as follows:

  • QIB (Qualified Institutional Buyers) Shares Offered: Not more than 50% of the Net Issue
  • Retail Shares Offered: Not less than 35% of the Net Issue
  • NII (HNI – High Net Worth Individuals) Shares Offered: Not less than 15% of the Net Issue

Cello World Limited IPO Lot Size

Investors can place bids for a minimum of 23 shares and in multiples of 23 thereafter. The following table provides details about the minimum and maximum investments for retail investors and HNIs:

Retail (Min)123₹14,904
Retail (Max)13299₹193,752
S-HNI (Min)14322₹208,656
S-HNI (Max)671,541₹998,568
B-HNI (Min)681,564₹1,013,472

Cello World Limited Financial

Cello World Limited’s revenue increased by 31.88% and profit after tax (PAT) rose by 29.85% between the financial year ending with March 31, 2023 and March 31, 2022. (See: Cello Limited Financial Graph)

Cello World Limited IPO Promoter Holding

The Promoters of Cello World Limited are Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod, and Gaurav Pradeep Rathod. Before the IPO, they held 100% of the shares, and post-issue, their ownership will stand at 91.8%.

About Cello World Limited

Cello World is a well-known Indian consumer product company that operates in three primary categories: writing instruments and stationery, molded furniture, and consumer housewares and related products. The company boasts over 60 years of experience in the consumer product industry, enabling it to understand consumer preferences and choices effectively.

Key highlights about Cello World Limited:

  • The company operates 13 manufacturing units across five different locations in India.
  • It has plans to set up a glass manufacturing unit in Rajasthan, equipped with European-made machinery, to enhance productivity and manufacturing capacity.
  • As of March 31, 2023, Cello World offers a diverse range of 15,841 stock-keeping units (“SKU”) across all product categories.
  • The company’s national sales distribution team comprises 683 members as of March 31, 2023.
  • Cello World’s strengths lie in its strong market position and branding, diverse product range, a track record of business expansion, and an experienced management team with domain expertise.

Cello World Limited IPO Registrar and Lead Managers

For any queries or concerns related to the Cello World Limited IPO, you can contact the registrar and lead managers:

Registrar: Link Intime India Private Ltd

Lead Managers:

  • Kotak Mahindra Capital Company Limited
  • ICICI Securities Limited
  • IIFL Securities Ltd
  • JM Financial Limited
  • Motilal Oswal Investment Advisors Limited

In conclusion, the Cello World Limited IPO presents an opportunity for investors to be part of a company with a strong foothold in the consumer product industry and a promising track record. It’s crucial to conduct thorough research and consult with financial experts before making investment decisions in the stock market.

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