Cello World Limited IPO Detail
Cello World is a famous Indian consumer product company mainly dealing in three categories such as writing instruments and stationery, molded furniture, consumer housewares and related products.
The company has an experience of more than 60 years in the field of consumer product industry which enables them to better understand consumer preferences and choices.
Cello World has 13 manufacturing units situated in 5 different locations in India. The company also aims to set up a glass manufacturing unit in Rajasthan with European made machinery to enable efficient productivity and enhanced manufacturing capacity.
- Strong market position and branding
- Mutliple product ranges to meet the different requisitions of the customers.
- The company has a track record of scaling up businesses and product categories.
- Experienced Management team with domain expertise.
Company Promoters
Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathodand Gaurav Pradeep RathodIPO Details
| IPO Opening Date | Oct 30, 2023 |
| IPO Closing Date | Nov 01, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹617 - 648 per equity share |
| Market Lot | 23 Shares |
| Min Order Quantity | 23 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,900.00 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹1,900.00 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.02x | - | - | 0.99x | 0.38x | 0.41x |
| Day 2 | 0.05x | - | - | 4.58x | 1.10x | 1.54x |
| Day 3 | 122.20x | - | - | 25.65x | 3.21x | 41.69x |
IPO Tentative Timetable
The Cello World Limited IPO open date is Oct 30, 2023, and the close date is Nov 01, 2023. The issue may list on Nov 09, 2023.
| IPO Open Date | Oct 30, 2023 |
| IPO Close Date | Nov 01, 2023 |
| Basis of Allotment Date | Nov 03, 2023 |
| Initiation of Refunds | Nov 07, 2023 |
| Credit of Shares to Demat Account | Nov 08, 2023 |
| IPO Listing Date | Nov 09, 2023 |
IPO Lot Size
The Cello World Limited IPO market lot size is 23 shares. A retail-individual investor can apply for up to 13 lots (299 shares or ₹193752).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 23 | ₹14904 |
| Maximum | 13 | 299 | ₹193752 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 91.8% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1146.51 | 1059.58 | 165.55 |
| 31-Mar-22 | 1333.66 | 1375.11 | 219.52 |
| 31-Mar-23 | 1551.69 | 1813.44 | 285.06 |
Objects of the Issue:
The company will not receive any proceeds from the Offer.Cello World Limited IPO Registrar:
Link Intime India Private Ltd
Cello World Limited IPO Lead Manager(s):
Kotak Mahindra Capital Company Limited ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited Motilal Oswal Investment Advisors Limited
Company Contact Information:
Cello World Limited
597/2A, Somnath Road,
Dabhel
Nani Daman –396 210
