The Cello World IPO date has been confirmed from October 30, 2023 and ended on November 1, 2023.
Using an IPO, Cello World is seeking to raise Rs 1,900.00 crores. Its price band is not yet been announced. The minimum lot size for an application is approx 170,357 shares. The minimum amount of investment required by retail investors is ₹[ 14,904].
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
October 27,2023
Price Range
Coming soon
Face Value
₹5 per share
GMP
Coming soon
Cello World IPO GMP
The Cello World Limited IPO GMP is ₹[160 ].
IPO Overview
Established in 1962, Cello World Limited is a renowned manufacturer and supplier of various consumer housewares, writing instruments, stationery products, molded furniture, and related items. The extensive product portfolio of the company includes a wide range of plastic bottles, containers, jugs, buckets, sandwich makers, irons, dinner sets, ballpoint pens, fountain pens, highlighters, markers, chairs, tables, trolleys, stools, dustbins, bubble-guards, and more.
Cello World operates 13 manufacturing units located in five different regions of India. Additionally, the company has plans to establish a glass manufacturing unit in Rajasthan equipped with state-of-the-art European machinery, which will significantly enhance productivity and manufacturing capacity. The Consumer Houseware division of Cello World has a strong distribution network consisting of 717 distributors and approximately 58,716 retailers spread across India. Similarly, the writing instruments and stationery division has 29 super-stockists, around 1,509 distributors, and approximately 60,826 retailers across the country. The Moulded Furniture and Allied Products division boasts 1,067 distributors and approximately 6,840 retailers nationwide.
As of March 31, 2023, Cello World offers an impressive range of 15,841 stock-keeping units (“SKUs”) across all product categories. Furthermore, the company’s national sales distribution team comprises 683 dedicated members, ensuring efficient and widespread distribution of their products.
Cello World IPO Details
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | November 6, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹617 to ₹648 per share |
| Lot Size | 23 Shares |
| Total 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) |
| Employee Discount | Rs 61 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 212,231,034 |
| Share holding post issue | 212,231,034 |
Cello World Financial Performance
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,686.05 | 1,551.69 | 1,333.66 | 1,146.51 |
| Revenue | 479.88 | 1,813.44 | 1,375.11 | 1,059.58 |
| Profit After Tax | 82.83 | 285.07 | 219.52 | 165.55 |
| Net Worth | 1,226.56 | 665.73 | 444.04 | 289.59 |
| Reserves and Surplus | 149.61 | 238.75 | 87.26 | -107.04 |
| Total Borrowing | 328.64 | 335.11 | 462.91 | 334.07 |
Cello World IPO Dates & Listing Performance
| IPO Open Date | Monday, October 30, 2023 |
| IPO Close Date | Wednesday, November 1, 2023 |
| Basis of Allotment | Thursday, November 2, 2023 |
| Initiation of Refunds | Thursday, November 2, 2023 |
| Credit of Shares to Demat | Friday, November 3, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
Company Profile
Cello Established in 1995, Cello Pens has emerged as the foremost stationery brand in India, renowned for its manufacturing and distribution of writing instruments. Cello embarked on its journey by producing and promoting a diverse range of classic ball pens equipped with imported tips and German inks. With a steadfast commitment to innovation, superior quality pens, and cutting-edge technologies, Cello swiftly garnered immense popularity, becoming India’s most cherished writing instruments brand over the years. In December 2015, the prominent French stationary company, BIC, acquired complete
ownership of Cello writing, leading to the rebranding of the company as “BIC Cello (India)”.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 4918 6270 |
| Email ID | celloworld.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Cello World LIMITED |
| Phone number | +91 22 2685 1027 |
| Email ID | grievance@celloworld.com |
| Website | https://celloworld.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
