Cello World IPO Price: ₹617 - ₹648
IPO Date Range: Oct 30, 2023 - Nov 1, 2023
Cello World is a renowned Indian consumer product company specializing in three key categories: writing instruments and stationery, molded furniture, and consumer housewares, along with related products. With over six decades of experience in the consumer product industry, the company possesses a deep understanding of consumer preferences and choices.
Cello World is a well-known Indian company that specializes in three main categories of consumer products -
Cello World operates 13 manufacturing facilities across five locations in India, further expanding with a new glass manufacturing unit in Rajasthan equipped with European machinery to boost productivity and capacity.
As of March 31, 2023, the company maintains an extensive inventory of 15,841 stock-keeping units (SKUs) spanning its entire product spectrum. Additionally, their national sales distribution team consists of 683 members as of the same date.
The company's key strengths encompass:
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | Tuesday, 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 Cr) |
| Offer For Sale | 29,320,987 shares (aggregating up to ₹1,900 Cr) |
| Employee Discount | ₹61 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 195,000,000 |
| Share holding post issue | 212,231,034 |
The minimum lot size to apply in this Cello World Limited IPO consists of 23 shares, requiring an investment of ₹14,904.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹ 14,904 |
| Retail (Max) | 13 | 299 | ₹ 1,93,752 |
| S-HNI (Min) | 14 | 322 | ₹ 2,08,656 |
| S-HNI (Max) | 67 | 1,541 | ₹ 9,98,568 |
| B-HNI (Min) | 68 | 1,564 | ₹ 10,13,472 |
| 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 |
| IPO Open Date | Monday, October 30, 2023 |
| IPO Close Date | Wednesday, November 1, 2023 |
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Tuesday, November 7, 2023 |
| Credit of Shares to Demat | Wednesday, November 8, 2023 |
| Listing Date | Thursday, November 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 1, 2023 |
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Cello World Limited experienced a robust financial performance, with a remarkable 31.88% growth in revenue and a substantial 29.85% increase in profit after tax (PAT) from the fiscal year ending on March 31, 2022, to March 31, 2023.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
|---|---|---|---|---|
| Assets | 1146.51 | 1333.66 | 1551.69 | 1686.05 |
| Revenue | 1059.58 | 1375.11 | 1813.44 | 479.88 |
| Profit After Tax | 165.55 | 219.52 | 285.06 | 82.83 |
| Net Worth | 289.59 | 444.04 | 665.73 | 1226.56 |
| Reserves & Surplus | 98.66 | 87.26 | 238.75 | 784.91 |
| Total Borrowing | 334.07 | 462.91 | 335.11 | 328.64 |
| KPI | Values |
|---|---|
| P/E (x) | 49.2 |
| ROE | 134.43% |
| ROCE | 44.48% |
| EPS (Rs) | 13.65 |
| RoNW | 23.17% |
Cello World will not be entitled to any proceeds from the Offer.
Prospectus: Official documents that provide detailed information about the IPO and the company. Cello World IPO DRHP and Cello World IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Cello World" IPO is ₹ 617 to ₹648 per share.
The "Cello World" IPO is expected to be listed on Thursday, 9 November 2023.
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