The Cello World IPO date has been confirmed from October 30, 2023 and ended on November 1, 2023. Read the post to learn about Cello World Limited IPO GMP.
Using an IPO, Cello World is seeking to raise Rs 1,900.00 crores. Cello World Limited’s IPO price ranges from ₹ 617 to ₹ 648 per share. The Cello World Limited IPO GMP Today is ₹160. The minimal lot size for an operation is 23 shares. The minimal investment for retail investors is ₹ 14,904. The minimal lot size investment for sNII is 14 lots( 322 shares) for ₹ 208,656, while for bNII, it’s 68 lots (1,564 shares) worth ₹1,013,472. The minimal lot size for an operation is approx 170,357 shares. The minimal quantum of investment needed by retail investors is ₹( 14,904).
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Key Details Of Cello World Limited IPO:
Bidding Dates
October 30, 2023
Price Range
₹617 to ₹648 per share
Face Value
₹5 per share
GMP
₹160
Cello World IPO GMP
The Cello World Limited IPO GMP Today is ₹160.
Cello World IPO Overview
Established in 1962, Cello World Limited is a famed manufacturer and supplier of colorful consumer housewares, writing instruments, stationery products, moldered cabinetwork, and affiliated particulars. The expansive product portfolio of the company includes a wide range of plastic bottles, holders, ewers, pails, sandwich makers, irons, regale sets, ballpoint pens, root pens, highlighters, labels, chairpersons, tables, trolleys, droppings, sties , bubble- guards, and more.
Cello World operates 13 manufacturing units located in five different regions of India. also, the company has plans to establish a glass manufacturing unit in Rajasthan equipped with state- of- the- art European ministry, 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 roughly 58,716 retailers spread across India. Also, the jotting instruments and stationery division has 29 super-stockists, around 1,509 distributors, and roughly 60,826 retailers across the country. The Moulded Furniture and Allied Products division boasts 1,067 distributors and roughly 6,840 retailers nationwide.
As of March 31, 2023, Cello World offers an emotional range of 15,841 stock- keeping units( “ SKUs ”) across all product orders. likewise, the company’s public deals distribution platoon comprises 683 devoted members, icing effective and wide 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 surfaced as the foremost stationery brand in India, famed for its manufacturing and distribution of writing instruments. Cello embarked on its trip by producing and promoting a different range of classic ball pens equipped with imported tips and German inks. With a loyal commitment to invention, superior quality pens, and slice- edge technologies, Cello fleetly garnered immense fashionability, becoming India’s most cherished writing instruments brand over the times. In December 2015, the prominent French stationery company, BIC, acquired complete
power of Cello jotting, 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 | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Cello World LIMITED |
| Phone number | +91 22 2685 1027 |
| Email ID | [email protected] |
| Website | https://celloworld.com |
IPO Strengths
- 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.
Cello World IPO FAQs
When Cello World Limited IPO will open?
The Cello World Limited IPO opens on October 30, 2023 and closes on November 1, 2023.
What is the lot size of Cello World Limited IPO?
Cello World Limited IPO lot size is 23 Shares, and the minimum amount required is ₹14,904.
When is Cello World Limited IPO allotment?
The completion of the Basis of Allotment for the IPO of Cello World Limited is scheduled for Thursday, November 2, 2023. Subsequently, the allocated shares will be deposited into your demat account by Friday, November 3, 2023.
When is Cello World Limited IPO listing date?
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