Cello World IPO Review

 
Cello World IPO Review

IPO Open Date: October 30, 2023

IPO Close Date: November 1, 2023

IPO Price: ₹617 to ₹648 per share

Lot Size: 23 Shares

Listing: November 9, 2023

Cello World is scheduled to hit the market on October 30, 2023 and close on November 01, 2023. Cello World plans to raise around ₹1,900.00 Cr through an IPO with a sale of up to 29,320,987 equity shares of ₹5 each. The Retail offered 35.00%, QIB Shares Offered 50.00%, HNI Shares Offered 15.00%.

Cello World, a renowned Indian consumer product company, specializes in three key categories: writing instruments and stationery, molded furniture, and consumer housewares. With over 60 years of industry experience, the company boasts a deep understanding of consumer preferences and choices.

Operating across 13 manufacturing units spread across 5 locations in India, Cello World is committed to expanding its production capabilities. In pursuit of this goal, the company is planning to establish a state-of-the-art glass manufacturing unit in Rajasthan, equipped with cutting-edge European machinery to bolster efficiency and increase overall manufacturing capacity.

Cello World


Cello World IPO Details

Cello World IPO opens on Oct 30, 2023, and closes on Nov 01, 2023. The Listing date for Cello World IPO is on Nov 09, 2023. The price band for IPO is ₹617 to ₹648 per share and lot size of 23 Shares.

IPO DateOct 30, 2023 to Nov 01, 2023
Listing DateNov 09, 2023
Price₹617 to ₹648 per share
Lot Size23 Shares
Issue Size₹1,900.00 Cr
Face Value₹5 per share

Cello World IPO Tentative Timetable

Cello World opening date is October 30, 2023 and close date is November 01, 2023. The IPO allotment date is November 6, 2023. The refund initiation of IPO is on November 7, 2023. The credit of shares in demat account is on November 8, 2023. The listing date is on November 9, 2023.

EventDate
IPO OpeningOct 30, 2023
IPO ClosingNov 01, 2023
IPO Allotment DateNov 6, 2023
Refund InitiationNov 7, 2023
Shares Credit to DematNov 8, 2023
Lisiting DateNov 9, 2023

Cello World IPO Lot Size

Lot Size of this IPO is 23 shares. A retail-individual investor can apply for up to 13 lots (299 shares or ₹193,752).

CategoryLotsSharesAmount
Retail(Minimum)123₹14,904
Retail(Maximum)13299₹193,752
S-HNI (Minimum)14322₹208,656
B-HNI (Minimum)681564₹1,013,472

Cello World IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding91.8%

Cello World IPO Review

Cello World, a renowned Indian consumer products company, has demonstrated an impressive track record and a diversified portfolio across various product categories, including writing instruments, stationery, molded furniture, and household consumer goods. With a rich experience of over 60 years, the company has established a strong market position and brand recognition, effectively catering to a wide range of consumer preferences and demands.

Notably, Cello World's financial performance has shown consistent growth, with a significant increase in both revenue and profit after tax (PAT) for the fiscal year ending on March 31, 2023. The company's robust financial indicators, including a Price-to-Earnings (P/E) ratio of 49.2, Return on Equity (ROE) of 134.43%, Return on Capital Employed (ROCE) of 44.48%, and an Earnings per Share (EPS) of Rs 13.65, reflect its strong operational efficiency and financial stability.

Furthermore, Cello World's strategic expansion plans, such as setting up a new glass manufacturing unit in Rajasthan, underscore its commitment to enhancing production capabilities and meeting growing market demands. The company's well-structured and experienced management team further strengthens its competitive edge in the consumer products industry. While the IPO's proceeds will not directly benefit the company, Cello World's promising growth trajectory and well-established market presence make it a potential consideration for investors seeking long-term opportunities in the consumer goods sector. Investors should conduct thorough due diligence and consider market conditions before making investment decisions.

Cello World IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Cello World IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Cello World IPO FAQs

What is Cello World IPO?

Cello World is issuing 29,320,987 equity shares with a face value of ₹5 each, totaling up to ₹1,900.00 Cr. The shares are being offered at a price of ₹617 to ₹648 each, with a minimum order quantity of 23 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Cello World IPO will open?

Cello World will open on October 30, 2023 for QIB, NII, and Retail Investors.

When Cello World IPO will end?

Cello World will end on November 1, 2023.

What is Cello World IPO Size?

Cello World IPO size is 1,900.00 Cr.

What is Cello World IPO Price Band?

Cello World price band is ₹617 to ₹648 per share.

What is the Cello World IPO Allotment Date?

Cello World allotment date is November 6, 2023.

What is the Cello World IPO Listing Date?

Cello World listing date is November 9, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Cello World IPO through Zerodha?

To apply for the IPO “Cello World” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Cello World IPO through Upstox?

To apply for the IPO “Cello World” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Cello World IPO Allotment Status?

For Cello World IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Cello World IPO GMP?

You can check out here: Cello World IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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