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Posted on  October 25, 2023 under  by Meghna Mundhra

Cello World IPO Details - Complete Overview of Cello World Limited IPO

Cello World IPO Price: ₹617 - ₹648
IPO Date Range:
Oct 30, 2023 - Nov 1, 2023

Cello World IPO

Foundation & Business Essence:

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.

Product Portfolio:

Cello World is a well-known Indian company that specializes in three main categories of consumer products -

  1. Writing Instruments and Stationery
  2. Molded Furniture
  3. Consumer Housewares

Network and Presence:

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.

Strengths:

The company's key strengths encompass:

  1. Robust Market Position and Branding: The company boasts a strong market presence and a well-established brand.
  2. Diverse Product Portfolio: It offers a wide array of products to cater to varying customer needs and demands.
  3. Proven Track Record in Business Expansion: The company has consistently demonstrated the ability to scale up its businesses and diversify product categories successfully.
  4. Experienced Management Team: It is led by an experienced management team with deep domain expertise.

Bidding Starts In

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Cello World IPO Specifics:

IPO DateOctober 30, 2023 to November 1, 2023
Listing DateTuesday, November 6, 2023
Face Value₹5 per share
Price Band₹617 to ₹648 per share
Lot Size23 shares
Total Issue Size29,320,987 shares
(aggregating up to ₹1,900 Cr)
Offer For Sale29,320,987 shares
(aggregating up to ₹1,900 Cr)
Employee Discount₹61 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue195,000,000
Share holding post issue212,231,034

Cello World IPO Lot Size

The minimum lot size to apply in this Cello World Limited IPO consists of 23 shares, requiring an investment of ₹14,904.

ApplicationLotsSharesAmount
Retail (Min)123₹ 14,904
Retail (Max)13299₹ 1,93,752
S-HNI (Min)14322₹ 2,08,656
S-HNI (Max)671,541₹ 9,98,568
B-HNI (Min)681,564₹ 10,13,472

Cello World IPO Reservation

QIB Shares OfferedNot more than 50% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue

Cello World IPO Timetable (Important Dates)

IPO Open DateMonday, October 30, 2023
IPO Close DateWednesday, November 1, 2023
Basis of AllotmentMonday, November 6, 2023
Initiation of RefundsTuesday, November 7, 2023
Credit of Shares to DematWednesday, November 8, 2023
Listing DateThursday, November 9, 2023
Cut-off time for UPI mandate confirmation5 PM on November 1, 2023

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Cello World Limited IPO Financial Information

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 Ended31 Mar 202131 Mar 202231 Mar 202330 June 2023
Assets1146.511333.661551.691686.05
Revenue1059.581375.111813.44479.88
Profit After Tax165.55219.52285.0682.83
Net Worth289.59444.04665.731226.56
Reserves & Surplus98.6687.26238.75784.91
Total Borrowing334.07462.91335.11328.64
Amount in ₹ Crore

Key Performance Indicator - Cello World IPO

KPIValues
P/E (x)49.2
ROE134.43%
ROCE44.48%
EPS (Rs)13.65
RoNW23.17%

Objects of the Issue:

Cello World will not be entitled to any proceeds from the Offer.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Cello World IPO DRHP and Cello World IPO RHP.

Frequently Asked Questions

What is an IPO?

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.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Cello World Limited" IPO?

The price range for the"Cello World" IPO is ₹ 617 to ₹648 per share.

When will the "Cello World" IPO be listed on the stock exchange?

The "Cello World" IPO is expected to be listed on Thursday, 9 November 2023.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Meghna Mundhra

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