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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 bidding started from October 30, 2023 and ended on November 1, 2023. The allotment for Cello World Limited IPO was finalized on Thursday, November 2, 2023. The shares got listed on BSE, NSE on November 6, 2023.
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.
The issue includes a reservation of up to 170,357 shares for employees offered at a discount of Rs 61 to the issue price.
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.
Refer to Cello World Limited IPO RHP for detailed information.
| 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 Limited IPO offers 29,337,023 shares. 5,833,334 (19.88%) to QIB, 4,375,000 (14.91%) to NII, 10,208,333 (34.80%) to RII, 170,357 (0.58%) to employees and 8,749,999 (29.83%) to Anchor investors. 443,840 RIIs will receive minimum 23 shares and 4,528 (sNII) and 9,057 (bNII) will receive minimum 322 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8,749,999 (29.83%) | NA |
| QIB Shares Offered | 5,833,334 (19.88%) | NA |
| NII (HNI) Shares Offered | 4,375,000 (14.91%) | |
| bNII > ₹10L | 2,916,667 (9.94%) | 9,057 |
| sNII < ₹10L | 1,458,333 (4.97%) | 4,528 |
| Retail Shares Offered | 10,208,333 (34.80%) | 443,840 |
| Employee Shares Offered | 170,357 (0.58%) | NA |
| Total Shares Offered | 29,337,023 (100%) |
Cello World Limited IPO raises Rs 567.00 crore from anchor investors. Cello World Limited IPO Anchor bid date is October 27, 2023. Cello World Limited IPO Anchor Investors list
| Bid Date | October 27, 2023 |
| Shares Offered | 8,749,999 |
| Anchor Portion Size (In Cr.) | 567.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 31, 2024 |
Cello World Limited IPO opens on October 30, 2023, and closes on November 1, 2023.
| 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 |
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 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 91.8% |
| Share Holding Post Issue | 78.06 |
Incorporated in 1962, Cello World Limited manufactures and offers consumer housewares, writing instruments and stationery products, molded furniture, and related products.
The company's product portfolio includes Plastic bottles, Containers, Jugs - Buckets, Sandwich makers, Iron, Dinner sets, Ballpoint pens, Fountain pens, Highlighters - Markers, Chairs, Tables, Trolleys - Stools, Dustbin, Bubble-guards, and more.
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.
Consumer Houseware division has 717 distributors and approximately 58,716 retailers located across India. writing instruments and stationery division has 29 super-stockists, approximately 1,509 distributors, and approximately 60,826 retailers located across India. Moulded Furniture and Allied Products division has 1,067 distributors and approximately 6,840 retailers located across India.
As of March 31, 2023, the company has 15,841 stock-keeping units ("SKUs") across all product ranges. As of March 31, 2023, the company's national sales distribution team comprises 683 members.
Cello World Limited's revenue increased by 31.88% and profit after tax (PAT) rose by 29.86% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Amount in ₹ Crore | ||||
The market capitalization of Cello World Limited IPO is Rs 13752.57 Cr.
| KPI | Values |
|---|---|
| ROE | 39.9% |
| ROCE | 44.48% |
| Debt/Equity | 0.62 |
| RoNW | 23.17% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.65 | |
| P/E (x) | 41.51 |
The company will not receive any proceeds from the Offer.
[Dilip Davda] The company is having two household brands like “Cello” and “Unomax”. It has also marked steady growth in its top and bottom lines for the reported periods. It is having competition from many big players for the segments of the company. However, based on its recent financial performance, the issue is fully priced discounting all near term positives. In general, investors are not preferring pricey OFS issues. Only well-informed/cash surplus investors may park moderate funds for medium to long term. Read detail review...
The Cello World Limited IPO is subscribed 41.69 times on November 1, 2023 7:02:00 PM. The public issue subscribed 3.21 times in the retail category, 122.20 times in the QIB category, and 25.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 122.20 |
| NII | 25.65 |
| bNII (bids above ₹10L) | 30.02 |
| sNII (bids below ₹10L) | 16.91 |
| Retail | 3.21 |
| Employee | 2.74 |
| Total | 41.69 |
Total Application : 1,316,828 (2.97 times)
| Listing Date | November 6, 2023 |
| BSE Script Code | 544012 |
| NSE Symbol | CELLO |
| ISIN | INE0LMW01024 |
| Final Issue Price | ₹648 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹648.00 |
| ₹831.00 |
| ₹781.50 |
| ₹834.70 |
| ₹791.90 |
| NSE |
|---|
| ₹648.00 |
| ₹829.00 |
| ₹782.00 |
| ₹837.40 |
| ₹791.70 |
Cello World Limited
597/2A, Somnath Road,
Dabhel
Nani Daman –396 210,
Phone: +91 22 2685 1027
Email: grievance@celloworld.com
Website: https://celloworld.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: celloworld.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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.
Zerodha customers can apply online in Cello World Limited IPO using UPI as a payment gateway. Zerodha customers can apply in Cello World Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cello World Limited IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cello World Limited IPO will be done on Thursday, November 2, 2023, and the allotted shares will be credited to your demat account by Friday, November 3, 2023. Check the Cello World Limited IPO allotment status.
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