Cello World Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹179(27.62%)
Premium (ELP)
The Initial Public Offering of Cello World Limited's culminated in its successful listing on Nov 06, 2023 at the NSE, BSE trading platform. The company secured 2,93,20,987 Shares through this capital market exercise, withTBD allocated to new capital formation and ₹1900.00 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹617 to ₹648, with minimum investment requirements of 23 shares. The subscription period from Oct 30, 2023 to Nov 01, 2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Nov 02, 2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Cello World is a well-known Indian consumer product company engaged in writing instruments and stationery, molded furniture, and consumer housewares. With over 60 years of experience, the company has developed a deep understanding of consumer needs and preferences. It operates 13 manufacturing units across 5 locations in India and also plans to set up a glass manufacturing unit in Rajasthan with advanced European machinery to boost productivity and capacity. As of March 31, 2023, Cello World has 15,841 SKUs across its product portfolio and a national sales distribution team of 683 members.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Market Presence & Brand Recognition
- Diverse Product Range catering to varied customer needs
- Proven Track Record in scaling businesses and product categories
- Experienced Management Team with strong domain expertise
NA
- Pradeep Ghisulal Rathod
- Pankaj Ghisulal Rathod
- Gaurav Pradeep Rathod
Cello World Limited
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