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Cello World Limited IPO Detail

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.

As of March 31, 2023, the company has 15,841 stock-keeping units ("SKU") across all product ranges.
As of March 31, 2023, the company's national sales distribution team comprises of 683 members.
The core strength of the company lies in the following
  • 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 Rathod

IPO Details

IPO Opening DateOct 30, 2023
IPO Closing DateNov 01, 2023
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹617 - 648 per equity share
Market Lot23 Shares
Min Order Quantity23 Shares
Listing AtBSE, NSE
Issue Size₹1,900.00 Cr
Fresh Issue-
Offer for Sale₹1,900.00 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

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 DateOct 30, 2023
IPO Close DateNov 01, 2023
Basis of Allotment DateNov 03, 2023
Initiation of RefundsNov 07, 2023
Credit of Shares to Demat AccountNov 08, 2023
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding91.8%

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,


Nani Daman –396 210