Cello World Limited IPO: Don’t Miss Out on This Chance to Invest in the Leading Pen Maker

Cello World Limited is set to launch its IPO to raise funds. The IPO, with a size of ₹1,900 crore, will open for subscription on October 30, 2023. This blog post provides all the essential details about the Cello World Limited IPO, including the price band, timeline, and financial performance.

Cello World Limited, the renowned pen maker, is all set to launch its initial public offering (IPO) to raise funds. The IPO, with a size of ₹1,900 crore, will open for subscription on October 30, 2023, and close on November 1, 2023. We will provide you with all the essential details about the Cello World Limited IPO.

See Also: Upcoming IPO List

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IPO Details

The Cello World Limited IPO is a book-built issue of ₹1,900 crore. It is entirely an offer for sale, where promoters and other shareholders will sell shares of ₹5 face value. The IPO price band is set at ₹617 to ₹648 per share. The minimum lot size for an application is 23 shares, requiring a minimum investment of ₹14,904 for retail investors.

Timeline

The subscription for the Cello World Limited IPO will open on October 30, 2023, and close on November 1, 2023. The allotment of shares is expected to be finalized on November 6, 2023. The listing of the IPO on the BSE and NSE is tentatively scheduled for November 9, 2023.

See Also: All IPO GMP Price

Size Increase

Cello World Limited has recently increased the size of its IPO from ₹1,750 crore to ₹1,900 crore. This decision reflects the strong demand and investor confidence in the company. The IPO will see various shareholders, including promoters, selling shares worth ₹1,900 crore.

Product Categories

Cello World Limited offers a wide range of products across three categories. These categories include consumer houseware, writing instruments and stationery, and molded furniture and related products. With a portfolio of 15,841 stock-keeping units (SKUs), the company has established itself as a leader in the market.

Financial Performance

In the financial year 2022-2023, Cello World Limited witnessed impressive growth in its revenue and net profit. The consolidated revenue from operations increased by approximately 32% to ₹1,796.69 crore, while the net profit grew by 29.86% to ₹285 crore. These figures highlight the company’s strong financial performance.

Conclusion

The Cello World Limited IPO presents an exciting opportunity for investors to become a part of a leading pen maker’s growth story. With its diverse product portfolio and impressive financial performance, Cello World Limited is well-positioned for future success. Investors can participate in the IPO by submitting their applications between October 30, 2023, and November 1, 2023. Stay tuned for further updates on this highly anticipated IPO.

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