Cello World IPO Details ( Cello World Limited IPO Review )
(30 Oct 2023 – 1 Nov 2023)
Cello World, a well-known Indian company, specializes in three main categories: writing tools and school supplies, furniture, household goods, and related items. With over 60 years in the consumer product industry, they have a deep understanding of what consumers like.
Cello World has 13 manufacturing facilities in India, spread across five locations. They’re also planning to set up a glass manufacturing unit in Rajasthan, equipped with European machinery for better productivity.
As of March 31, 2023, the company offers 15,841 different products across its ranges. Their national sales team consists of 683 members.
The company’s strengths include:
- Strong market presence and a recognized brand.
- A variety of products to meet different customer needs.
- A track record of growing their business and product offerings.
- An experienced management team with expertise in their field.
Cello World Limited IPO Competitive Strength
- Well-established brand name and strong market positions
- Diversified product portfolio across price points catering to diverse consumer requirements
- Track record of scaling up new businesses and product categories
- Pan-India distribution network with a presence across multiple channels
- Ability to manufacture a diverse range of products and maintain optimal inventory levels
- Skilled and experienced management team
- Strong historical financial results
Cello World IPO Financials Performance ( Results )
Cello World Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 1,146.51 | 1,059.58 | 165.55 | 7.75 | 289.59 | 98.66 | 334.07 | |
| 31-Mar-22 | 1,333.66 | 1,375.11 | 219.52 | 10.46 | 444.04 | 87.26 | 462.91 | |
| 31-Mar-23 | 1,551.69 | 1,813.44 | 285.06 | 13.17 | 665.73 | 56.84 | 238.75 | 335.11 |
| 30-Jun-23 | 1,686.05 | 479.88 | 82.83 | 3.65 | 1,226.56 | 57.79 | 784.91 | 328.64 |
Objective of Cello World IPO Issue
- The company will not receive any proceeds from the Offer.
Cello World IPO Basic Details
| IPO Date | Oct 30, 2023 to Nov 1, 2023 |
| Listing Date | Tuesday, 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 |
| Employee Discount | Rs 61 per share |
| Listing At | NSE, BSE |
| Share holding pre issue | 195,000,000 |
| Share holding post issue | 212,231,034 |
| Company Promoters | Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod |
Cello World IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Cello IPO Timetable
Cello IPO will open on October 30, 2023 and close on November 1, 2023. You can join Cello IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 October 2023 (Monday) |
| Closing Date | 1 November 2023 (Wednesday) |
| Basis of Allotment | 6 November 2023 (Monday) |
| Initiation of Refunds | 7 November 2023 (Tuesday) |
| Credit of Shares to Demat | 8 November 2023 (Wednesday) |
| Listing Date | 9 November 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 1 November 2023 |
Cello IPO Lot Size
For retail investors in Cello IPO, 23 shares will come in 1 lot or the minimum investment will be ₹14,904. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,752.
| 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 |
Cello World IPO Promoter Holding
The company’s promoters include Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 91.80% |
Cello World Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 13752.57 |
| Earning Per Share (EPS) | ₹13.17 per Equity Share |
| Net Asset Value (NAV) | ₹56.84 per Equity Share |
| P/E Ratio (P/E) (x) | 49.20 |
| Post P/E Ratio (P/E) (x) | 83.07 |
| Return on Net Worth (RoNW) (%) | 23.17 |
| Return on equity (ROE) (%) | 134.43 |
| Return on Capital Employed (ROCE) (%) | 44.48 |
| Debt/Equity Ratio | Coming Soon |
Cello World Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Cello World Limited | Consolidated | 648 | 5 | 13.17 | 83.07 | 23.17 | 56.84 |
| Peer Group | |||||||
| Borosil Limited | Consolidated | 397.60 | 1 | 7.86 | 50.59 | 11.55 | 67.97 |
| Kokuyo Camlin Limited | Consolidated | 141.45 | 1 | 2.44 | 57.97 | 9.31 | 26.18 |
| La Opala RG Limited | Consolidated | 452.20 | 2 | 11.08 | 40.81 | 15.87 | 69.81 |
| Stove Kraft Limited | Consolidated | 559.20 | 10 | 10.86 | 51.49 | 8.87 | 122.13 |
| TTK Prestige Limited | Consolidated | 802.95 | 1 | 18.34 | 43.78 | 13.11 | 139.85 |
| Linc Limited | Consolidated | 839.80 | 10 | 25.15 | 33.39 | 20.38 | 123.39 |
| Hawkins Cookers Limited | Consolidated | 7,210.95 | 10 | 179.24 | 40.23 | 34.32 | 522.20 |
Cello World IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 3 November 2023 | ₹160 | – | – |
| 2 November 2023 | ₹160 | – | – |
| 1 November 2023 | ₹160 | – | – |
Cello World IPO Detail Video:
link
Cello World IPO Subscription Status (Bidding Detail)
The Cello World IPO on November 1, 2023 at 7:00:00 PM was subscribed 41.69 times, with the retail category being subscribed 3.21 times, the NII (Non-Institutional Investor) category being subscribed 25.65 times, QIB (Qualified-Institutional Buyers) category being subscribed 122.20 times and the Employee category being subscribed 2.74 times.
| Category | Subscription |
| QIB | 122.20x |
| NII | 25.65x |
| Retail | 3.21x |
| Employee | 2.74x |
| Total | 41.69x |
Cello World IPO Prospectus
| Cello World IPO DRHP | Download |
| Cello World IPO RHP | Download |
| Cello World IPO Anchor Investors Details PDF | Download |
Cello World IPO Rating
| Our Rating | 4.0/5.0 |
Cello World Company Contact Information
Cello World Limited
Corporate Identity Number: U25209DD2018PLC009865
Registered Office: 597/2A, Somnath Road, Dabhel, Nani Daman 396 210, Daman and Diu, India
Corporate Office: Cello House, Corporate Avenue, B Wing, 8th Floor,
Sonawala Road, Goregaon (East), Mumbai – 400 063, Maharashtra, India
Contact Person: Hemangi Trivedi, Company Secretary and Compliance Officer
Tel: +91 22 2685 1027
E-mail: grievance@celloworld.com
Website: www.celloworld.com
Our Promoters: Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod
Cello World IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West,
Mumbai 400083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: celloworld.ipo@linkintime.co.in
Investor grievance e-mail: celloworld.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058
Cello World IPO Lead Manager
Kotak Mahindra Capital Company Limited
Registered Office: 1st Floor, 27 BKC, Plot No. C-27 G Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051 Maharashtra, India
Tel: +91 22 4336 0000
E-mail: celloworld.ipo@kotak.com
Investor grievance e-mail: kmccredressal@kotak.com
Website: https://investmentbank.kotak.com
Contact person: Ganesh Rane
SEBI registration no.: INM000008704
ICICI Securities Limited
Registered Office: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi,
Mumbai 400 025, Maharashtra, India
Tel: +91 22 6807 7100
E-mail: celloworld.ipo@icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact person: Shekher Asnani / Kristina Dias
SEBI registration no.: INM000011179
IIFL Securities Limited
Registered Office: 24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400 013, Maharashtra, India
Tel: +91 22 4646 4728
E-mail: cello.ipo@iiflcap.com
Investor grievance e-mail: ig.ib@iiflcap.com
Website: www.iiflcap.com
Contact person: Yogesh Malpani / Bhavesh Mandoth
SEBI registration no.: INM000010940
JM Financial Limited
Registered Office: 7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel: +91 22 6630 3030
E-mail: celloworld.ipo@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI registration no.: INM000010361
Motilal Oswal Investment Advisors Limited
Registered Office: Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025,
Maharashtra, India
Tel: +91 22 7193 4380
E-mail: cello.ipo@motilaloswal.com
Investor grievance e-mail: moiaplredressal@motilaloswal.com
Website: www.motilaloswalgroup.com
Contact person: Ritu Sharma/ Sankita Ajinkya
SEBI registration no.: INM000011005
Cello World IPO FAQs
What is the lot size of Cello World IPO?
The total size of Cello World IPO is ₹1900 crores and this is a complete fresh Issue.
When will Cello World IPO start?
Cello World IPO will open from 30 October 2023 and IPO will close on 1 November 2023.
What is the open date of Cello World IPO?
Cello World IPO will open date from 30 October 2023.
What is the last date ( close date ) of Cello World IPO?
Cello World IPO will close from 1 November 2023.
What is the price band of Cello World IPO?
Cello World IPO price band is ₹617 to ₹648. ( Upper Price Band: ₹648, Lower Price Band: ₹617 )
What is the minimum amount required to apply for Cello World IPO?
The minimum investment for retailers to apply for Cello World IPO is ₹14,904 and the maximum investment is ₹193,752.
What is going on gray market premium of Cello World IPO?
View gray market premium of Cello World IPO by Clicking Here
How much is the GMP of Cello World IPO?
Watch Cello World IPO GMP Today: Click Here
What is the allotment date of Cello World IPO?
The allotment date of Cello World IPO is 6 November 2023.
How to check allotment status in Cello World IPO?
To check the allotment status of Cello World IPO, first of all go to the registrar website by clicking here, select your bad Cello World IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Cello World IPO?
The listing date of Cello World IPO is 9 November 2023.
How much will be the listing gain in Cello World IPO?
View listing gain of Cello World IPO by Clicking Here
How much time Cello World IPO is subscribed?
Total 41.69 times subscribed in Cello World IPO out of which 3.21 times subscription was done in retail quota, 25.65 times subscription in NII quota and 122.20 times subscription in QIB quota.
How to apply for Cello World IPO from Upstox?
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How to apply for Cello World IPO from Zerodha?
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How to apply for Cello World IPO from Angle One?
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