The Cello IPO started on October 30, 2023, and ended on November 1, 2023. Shares were allocated on November 6, 2023, and refund processes began on November 7, 2023. On November 8, 2023, the shares were credited to investors demat accounts. Cello was officially listed on the stock exchange on November 9, 2023.
During the IPO, Cello offered shares at a price range of ₹617 to ₹648 per share, and the lot size was 23 shares. The total issue size was ₹1,900 crores, with ₹1,900 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Cello World IPO Subscription Update Video
Cello IPO Subscription Status
The Cello IPO on October 30, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times and the Employee category being subscribed times.
Cello IPO Basic Details
|Company Name||Cello World Limited|
|Domain of Company||Manufacturing Writing Instruments|
|Cello IPO Open Date||October 30, 2023|
|Cello IPO Close Date||November 1, 2023|
|Cello IPO Allotment Date||November 6, 2023|
|Cello IPO Listing Date||November 9, 2023|
|Face Value||₹5 per share|
|Price||₹617 to ₹648 per share|
|Lot Size||23 Shares|
|Issue Size||29,320,987 shares of ₹5|
(aggregating up to ₹1,900.00 Cr)
|Offer for Sale||29,320,987 shares of ₹5|
(aggregating up to ₹1,900.00 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||Pradeep Ghisulal Rathod,|
Pankaj Ghisulal Rathod and
Gaurav Pradeep Rathod
About Cello World Limited
Cello World is a well-known Indian company that sells various products, mainly focused on three categories: writing tools and stationery, molded furniture, and household items. They’ve been in this business for over 60 years, so they really understand what consumers like.
Cello World has 13 factories in different parts of India, and they’re planning to open a new glass manufacturing plant in Rajasthan. This new facility will have machinery from Europe, which will help them make products more efficiently.
As of March 31, 2023, they have a total of 15,841 different products in their inventory. Their national sales team is made up of 683 members.
The company’s strengths include:
- A strong market position and a well-known brand.
- A wide range of products to meet various customer needs.
- They have a history of growing their businesses and product offerings.
- Their management team has a lot of experience in this industry.
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Cello IPO FAQs
What is the start and end date of Cello IPO Subscription?
The Cello IPO started on October 30, 2023, and ended on October 1, 2023.
When does Cello IPO Subscription open?
The Cello IPO open on October 30, 2023.
When does Cello IPO Subscription close?
The Cello IPO Close on November 1, 2023.
What is the allotment date of Cello IPO?
The allotment date for Cello IPO is November 6, 2023.
When is the initial refund date of Cello IPO?
The initial Refund date for Cello IPO is November 7, 2023.
When were the shares credited to investors demat accounts for the Cello IPO?
The shares for the Cello IPO were credited to investors demat accounts on November 8, 2023.
When will Cello IPO be listed on the stock market?
Cello IPO stock market will be listed on November 9, 2023 at 10 am.
What was the price range of the Cello IPO shares?
The Cello IPO shares were offered at a price range of ₹617 to ₹648 per share.
What was the lot size for the Cello IPO shares?
The lot size for the Cello IPO shares was 23 shares.
What was the total issue size of the Cello IPO?
The total issue size of the Cello IPO was ₹1,900 crores.
How were the shares allocated among different types of investors for the Cello IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Cello IPO listed?
The Cello IPO was listed on both the NSE and BSE.
What is the Cello IPO Subscription Status?
Cello IPO is subscribed Times.