Cello World Limited IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Cello World Limited IPO is expected to be finalized on Monday, November 6, 2023. Cello World Limited IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 9, 2023. Cello World Limited IPO is a book built issue of Rs 1,900.00 crores. The issue is entirely an offer for sale of 2.93 crore shares.
Cello World Limited IPO price band is set at ₹617 to ₹648 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹208,656, and for bNII, it is 68 lots (1,564 shares), amounting to ₹1,013,472.
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Cello World Limited IPO, while Link Intime India Private Ltd is the registrar for the issue.
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
The company will not receive any proceeds from the Offer.
| IPO Opening Date | October 30, 2023 |
|---|---|
| IPO Closing Date | November 1, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per share |
| IPO Price | ₹617 to ₹648 per share |
| Market Lot | 23 Shares |
| Min Order Quantity | 23 Shares |
| Listing At | BSE, NSE |
| Employee Discount | ₹61 per share |
| Issue Size | 29,320,987 shares (aggregating up to ₹1,900.00 Cr) |
| Offer for Sale | 29,320,987 shares of ₹5 (aggregating up to ₹1,900.00 Cr) |
| Share holding pre issue | 195,000,000 |
| Share holding post issue | 212,231,034 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| Basis of Allotment Date | November 6, 2023 |
|---|---|
| Initiation of Refunds | November 7, 2023 |
| Credit of Shares to Demat Account | November 8, 2023 |
| IPO Listing Date | November 9, 2023 |
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,904 |
| Retail (Max) | 13 | 299 | ₹193,752 |
| S-HNI (Min) | 14 | 322 | ₹208,656 |
| S-HNI (Max) | 67 | 1,541 | ₹998,568 |
| B-HNI (Min) | 68 | 1,564 | ₹1,013,472 |
Cello World Limited IPO is a main-board IPO of 29,320,987 equity shares of the face value of ₹5 aggregating up to ₹1,900.00 Crores. The issue is priced at ₹617 to ₹648 per share. The minimum order quantity is 23 Shares.
The IPO opens on October 30, 2023, and closes on November 1, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Cello World Limited IPO opens on October 30, 2023 and closes on November 1, 2023.
Cello World Limited IPO lot size is 23 Shares, and the minimum amount required is ₹14,904.
You can apply in Cello World Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Cello World Limited IPO will be done on Monday, November 6, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 8, 2023.
Check the IPO allotment status.
The Cello World Limited IPO listing date is November 9, 2023.
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