In this article you get to know insight about Cello World Limited IPO Details. Cello World is a well-known Indian consumer product company specializing in three main categories: writing instruments and stationery, molded furniture, and consumer housewares, along with related products. With over 60 years of experience in the consumer product industry, the company has gained valuable insights into consumer preferences and choices.
Cello World operates 13 manufacturing units located in five different locations across India. Additionally, the company has plans to establish a glass manufacturing unit in Rajasthan, equipped with European-made machinery to enhance productivity and manufacturing capacity.
As of March 31, 2023, Cello World boasts an extensive product range with 15,841 stock-keeping units (“SKU”) spanning all product categories. The company’s national sales distribution team, consisting of 683 members as of the same date, ensures effective market coverage.
Cello World’s core strengths include its strong market position and branding, diverse product ranges to cater to various customer needs, a proven track record of expanding businesses and product categories, and an experienced management team with deep domain expertise.
Cello World Limited IPO Details
|IPO Date||October 30, 2023 to November 1, 2023|
|Face Value||₹5 per share|
|Price||₹617 to ₹648 per share|
|Lot Size||23 Shares|
|Total Issue Size||29,320,987 shares (aggregating up to ₹1,900.00 Cr)|
|Issue Type||Book Built Issue IPO|
|Share holding pre issue||195,000,000|
|Share holding post issue||212,231,034|
|Market Maker portion|
Cello World Limited IPO Reservation
The allocation of shares in an IPO (Initial Public Offering) is typically divided among different categories of investors, including Qualified Institutional Buyers (QIBs), Retail investors, and Non-Institutional Investors (NIIs). Here’s what each category means:
QIB (Qualified Institutional Buyers): These are large institutional investors such as mutual funds, insurance companies, and foreign institutional investors (FIIs). They are considered financially savvy and are allocated up to 50% of the shares in the IPO.
Retail Investors: These are individual investors who invest relatively smaller amounts in the IPO. To encourage retail participation, a minimum of 35% of the shares is reserved for this category.
NII (Non-Institutional Investors or HNIs – High Net Worth Individuals): This category typically includes wealthy individuals and corporate bodies that apply for shares worth more significant amounts. They are allocated at least 15% of the shares.
These percentages are not fixed and can vary from one IPO to another based on the company’s decision and regulatory requirements. In some cases, the allocation to each category can be higher than the minimum prescribed percentages. The exact allocation is determined during the IPO process based on investor demand.
Keep in mind that the allotment process can also involve a lottery system, especially in cases of oversubscription, where more investors apply for shares than are available. This is to ensure a fair distribution of shares among applicants.
Cello World Limited IPO Lot Size
S-HNI (Max) 67 1,541 ₹998,568
B-HNI (Min) 68 1,564 ₹1,013,472
Cello World Limited IPO Promoter Holding
The “Promoters” of a company refer to the individuals or entities that have founded the company and hold a significant stake in its ownership. They are typically the driving force behind the company’s establishment and operations. Here are some details about the Promoters of the company:
Promoters of the company includes Pradeep Ghisulal Rathod,Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod
Before the IPO, the Promoters collectively hold 100% of the company’s shares, indicating that they are the sole owners. After the IPO, they will retain a significant ownership stake, with their collective ownership standing at 91.8%.
Cello World Limited IPO Tentative Dates
|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|
Cello World Limited IPO Registrar
If you need to inquire about the allotment status of Cello World’s IPO, you can contact Link Intime India Private Ltd, the registrar for the IPO, through the following means
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Website: IPO Allotment Status
You can use these contact details to get the most up-to-date information about the IPO allotment status and any related inquiries you may have.
What is Cello World Limited, and what are its main product categories?
Cello World Limited is a well-known Indian consumer product company specializing in three main categories: writing instruments and stationery, molded furniture, and consumer housewares, along with related products.
How many manufacturing units does Cello World operate, and where are they located?
Cello World operates 13 manufacturing units located in five different locations across India.
What is the extensive product range offered by Cello World as of March 31, 2023?
As of March 31, 2023, Cello World boasts an extensive product range with 15,841 stock-keeping units (“SKU”) spanning all product categories.
What are the core strengths of Cello World Limited?
Cello World’s core strengths include its strong market position and branding, diverse product ranges, a proven track record of expanding businesses and product categories, and an experienced management team with deep domain expertise.
When is the Cello World Limited IPO scheduled to take place?
The Cello World Limited IPO is scheduled to be open for subscription from October 30, 2023, to November 1, 2023.
What is the face value of Cello World Limited shares?
The face value of Cello World Limited shares is ₹5 per share.
What is the price range for the IPO shares?
The IPO shares are priced in the range of ₹617 to ₹648 per share.
What is the lot size for the Cello World Limited IPO?
The lot size for the IPO is 23 shares.
What is the total issue size for the Cello World Limited IPO?
The total issue size is 29,320,987 shares, aggregating up to ₹1,900.00 Crores.
What are the reservation percentages for different categories of investors in the IPO?
The allocation of shares in an IPO is typically divided among Qualified Institutional Buyers (QIBs), Retail investors, and Non-Institutional Investors (NIIs). The exact percentages can vary from one IPO to another.
What is the change in promoter holding due to the IPO?
Before the IPO, the Promoters collectively hold 100% of the company’s shares, and after the IPO, they will retain a significant ownership stake, with their collective ownership standing at 91.8%.
What are the tentative dates for the Cello World Limited IPO process?
The IPO opens on Monday, October 30, 2023, and closes on Wednesday, November 1, 2023. The listing date is Thursday, November 9, 2023.