What you must know about Cello World IPO?
by 5paisa Research Team
25 Oct 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 06-Nov-23
- IPO Price Range ₹617
- Listing Price ₹831
- Listing Change 28.2 %
- Last Traded Price ₹945.45
- Current Change 45.9 %
Cello IPO Details
- Open Date 30-Oct-23
- Close Date 01-Nov-23
- Lot Size 23
- IPO Size ₹ 1900 Cr
- IPO Price Range ₹ 617 to ₹ 648
- Min Investment ₹ 14191
- Listing Exchange BSE, NSE
- Basis of Allotment 06-Nov-23
- Refunds 07-Nov-23
- Credit to Demat Account 08-Nov-23
- Listing Date 09-Nov-23
Cello World IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Oct-23 | 0.02 | 0.99 | 0.38 | 0.41 |
| 31-Oct-23 | 0.05 | 4.58 | 1.10 | 1.55 |
| 01-Nov-23 | 122.20 | 25.65 | 3.21 | 41.69 |
Cello IPO Synopsis
Cello World Limited IPO is all set to open from 30th October to 1st November 2023. The company is a popular consumer product brand in India. The IPO includes an Offer for Sale (OFS) of 29,320,987 equity shares worth ₹1900.00 cr. There is no fresh issue of shares. The share allotment date is 6th November, and the IPO will be listed on 9th November on the stock exchanges. The price band is ₹617 to ₹648 per share and the lot size is 23 shares.
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Cello World IPO:
The company will not receive any proceeds from the Offer. The entire Offer Proceeds will be received by the Selling Shareholders.
Cello World IPO Video:
About Cello World
Cello World Limited is a popular consumer product brand in India. The company has three primary categories: i) writing instruments and stationery, ii) molded furniture iii) consumer housewares along with related products. As of June 30, 2023, Cello World has an extensive product range of 15,891 stock-keeping units ("SKU").
Cello has 60+ years of experience in the consumer product industry and possesses a deep understanding of consumer preferences and choices. The company operates 13 manufacturing units spread across 5 different locations in India.
Additionally, the company also has a high-end glass manufacturing unit in Rajasthan, equipped with European machinery, to enhance productivity and manufacturing capacity.
Peer Comparison
There are no listed peers in India engaged in a similar business.
For More Information:
Webstory on Cello World IPO
Cello World IPO GMP
Cello World Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 1796.69 | 1359.17 | 1049.45 |
| EBITDA | 437.27 | 349.50 | 286.87 |
| PAT | 285.05 | 219.52 | 165.54 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1551.69 | 1333.66 | 1146.51 |
| Share Capital | 97.50 | 0.01 | 0.01 |
| Total Borrowings | 1015.30 | 1060.88 | 1081.07 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 227.36 | 187.26 | 193.61 |
| Net cash from / (used in) investing activities | -556.83 | -261.81 | -53.23 |
| Net cash flow from / (used in) financing activities | 323.81 | 94.10 | -132.81 |
| Net increase (decrease) in cash and cash equivalents | -5.65 | 19.56 | 7.56 |
Cello IPO Key Points
-
Strengths
1. The company has a well-established brand name and a strong market position in India.
2. Diversified product portfolio across price points catering to diverse consumer requirements.
3. Track record of scaling up new businesses and product categories.
4. Pan-India distribution network with a presence across multiple channels.
5. Ability to manufacture a diverse range of products and maintain optimal inventory levels.
6. Strong historical financial results.
7. Skilled and experienced management team.
-
Risks
1. Any fluctuations in raw material prices, especially plastic granules and plastic polymer prices, and disruptions in their availability can impact the business.
2. The business is subject to seasonality.
3. The business may be adversely impacted by the sale of counterfeit products and passing-off which may reduce the sales and harm the brand.
Cello
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Cello IPO FAQs
What is the minimum lot size and investment required for the Cello World IPO?
The minimum lot size of Cello World IPO is 23 shares and the investment required is ₹14,191.
What is the price band of Cello World IPO?
The price band of Cello World IPO is ₹617 to ₹648.
When does the Cello World IPO opens and closes?
Cello World is open from 30th October to 1st November 2023.
What is the size of the Cello World IPO?
The size of Cello World IPO is ₹1900.00, which includes an Offer for Sale (OFS) of 29,320,987 equity shares.
What is the allotment date of the Cello World IPO?
The share allotment date of Cello World IPO is 6th of November 2023.
What is the Cello World IPO listing date?
The Cello World IPO will be listed on 9th of November 2023.
Who are the book runners for Cello World IPO?
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for Cello World IPO.
What is the objective of Cello World IPO?
Cello World will not receive any proceeds from the Offer. The entire Offer Proceeds will be received by the Selling Shareholders.
How to apply for the Cello World IPO?
To apply for Cello World IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Cello World IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Cello World IPO
Contact Information
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/
Cello World IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: celloworld.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Cello World IPO Lead Manager
Kotak Mahindra Capital Company Limited
ICICI Securities Limited
Iifl Securities Ltd
Jm Financial Limited
Motilal Oswal Investment Advisors Limited
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