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Cello World IPO is a book build issue of ₹1,900.00 crores. The issue is entirely an offer for sale of 2.93 crore shares of ₹1,900.00 crore.
Cello World IPO bidding started from Oct 30, 2023 and ended on Nov 1, 2023. The allotment for Cello World IPO was finalized on Nov 2, 2023. The shares got listed on BSE, NSE on Nov 6, 2023.
Cello World IPO price band is set at ₹648.00 per share . The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,191 (23 shares). The lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,13,472.
The issue includes a reservation of up to 1,70,357 shares for employees offered at a discount of ₹61.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Cello World IPO RHP for detailed Information.
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | November 6, 2023 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹617 to ₹648 per share |
| Issue Price Final | ₹648 per share |
| Lot Size | 23 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 2,93,37,023 shares (aggregating up to ₹1,900.00 Cr) |
| Employee Discount | ₹61.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 21,22,31,034 shares |
Cello World Limited IPO offers total 2,93,37,023 shares. Out of which 1,45,83,332 (49.71%) allocated to QIB, 58,33,333 (19.88%) allocated to QIB, 43,75,000 (14.91%) allocated to NII, 1,02,08,334 (34.80%) allocated to RII and 87,49,999 (29.83%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,45,83,332 (49.71%) | NA |
| − Anchor Investor Shares Offered | 87,49,999 (29.83%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 58,33,333 (19.88%) | NA |
| NII (HNI) Shares Offered | 43,75,000 (14.91%) | NA |
| − bNII > ₹10L | 29,16,667 (9.94%) | 9,057 |
| − sNII < ₹10L | 14,58,333 (4.97%) | 4,528 |
| Retail Shares Offered | 1,02,08,334 (34.80%) | 4,43,840 |
| Employee Shares Offered | 1,70,357 (0.58%) | NA |
| Total Shares Offered | 2,93,37,023 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Cello World IPO raises ₹567.00 crore from anchor investors. Cello World IPO Anchor bid date is October 27, 2023. Cello World IPO Anchor Investors list
| Bid Date | October 27, 2023 |
| Shares Offered | 87,49,999 |
| Anchor Portion Size (In Cr.) | 567.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 31, 2024 |
Cello World IPO opens on October 30, 2023, and closes on November 1, 2023.
| IPO Open Date | Mon, Oct 30, 2023 |
| IPO Close Date | Wed, Nov 1, 2023 |
| Tentative Allotment | Thu, Nov 2, 2023 |
| Initiation of Refunds | Thu, Nov 2, 2023 |
| Credit of Shares to Demat | Fri, Nov 3, 2023 |
| Tentative Listing Date | Mon, Nov 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 1, 2023 |
Investors can bid for a minimum of 23 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,904 |
| Retail (Max) | 13 | 299 | ₹1,93,752 |
| S-HNI (Min) | 14 | 322 | ₹2,08,656 |
| S-HNI (Max) | 67 | 1,541 | ₹9,98,568 |
| B-HNI (Min) | 68 | 1,564 | ₹10,13,472 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1962, Cello World Limited manufactures and offers consumer housewares, writing instruments and stationery products, molded furniture, and related products.
The company's product portfolio includes Plastic bottles, Containers, Jugs - Buckets, Sandwich makers, Iron, Dinner sets, Ballpoint pens, Fountain pens, Highlighters - Markers, Chairs, Tables, Trolleys - Stools, Dustbin, Bubble-guards, and more.
Cello World has 13 manufacturing units situated in 5 different locations in India. The company also aims to set up a glass manufacturing unit in Rajasthan with European-made machinery to enable efficient productivity and enhanced manufacturing capacity.
Consumer Houseware division has 717 distributors and approximately 58,716 retailers located across India. writing instruments and stationery division has 29 super-stockists, approximately 1,509 distributors, and approximately 60,826 retailers located across India. Moulded Furniture and Allied Products division has 1,067 distributors and approximately 6,840 retailers located across India.
As of March 31, 2023, the company has 15,841 stock-keeping units ("SKUs") across all product ranges. As of March 31, 2023, the company's national sales distribution team comprises 683 members.
Cello World Limited's revenue increased by 31.88% and profit after tax (PAT) rose by 29.86% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,686.05 | 1,551.69 | 1,333.66 | 1,146.51 |
| Total Income | 479.88 | 1,813.44 | 1,375.11 | 1,059.58 |
| Profit After Tax | 82.83 | 285.07 | 219.52 | 165.55 |
| Net Worth | 1,226.56 | 665.73 | 444.04 | 289.59 |
| Reserves and Surplus | 149.61 | 238.75 | 87.26 | -107.04 |
| Total Borrowing | 328.64 | 335.11 | 462.91 | 334.07 |
| Amount in ₹ Crore | ||||
The market capitalization of Cello World IPO is ₹13752.57 Cr.
| KPI | Values |
|---|---|
| ROE | 39.9% |
| ROCE | 44.48% |
| Debt/Equity | 0.62 |
| RoNW | 23.17% |
The company will not receive any proceeds from the Offer.
[Dilip Davda] The company is having two household brands like “Cello” and “Unomax”. It has also marked steady growth in its top and bottom lines for the reported periods. It is having competition from many big players for the segments of the company. However, based on its recent financial performance, the issue is fully priced discounting all near term positives. In general, investors are not preferring pricey OFS issues. Only well-informed/cash surplus investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | November 6, 2023 |
| BSE Script Code | 544012 |
| NSE Symbol | CELLO |
| ISIN | INE0LMW01024 |
| Final Issue Price | ₹648 per share |
| BSE Listing Group | B |
Cello World Ltd.
597/2A, Somnath Road,
Dabhel
Nani Daman –396 210,
Daman, Dadra and Nagar Haveli and Daman and Diu
Phone: +91 22 2685 1027
Email: grievance@celloworld.com
Website: https://celloworld.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: celloworld.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Cello World IPO is a main-board IPO of 2,93,37,023 equity shares of the face value of ₹5 aggregating up to ₹1,900.00 Crores. The issue is priced at ₹648 per share. The minimum order quantity is 23.
The IPO opens on October 30, 2023, and closes on November 1, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Cello World IPO using UPI as a payment gateway. Zerodha customers can apply in Cello World IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cello World IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cello World IPO opens on October 30, 2023 and closes on November 1, 2023.
Cello World IPO lot size is 23, and the minimum amount required for application is ₹14,904.
You can apply in Cello World IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cello World IPO will be done on Thursday, November 2, 2023, and the allotted shares will be credited to your demat account by Friday, November 3, 2023. Check the Cello World IPO allotment status.
The Cello World IPO listing date is on Monday, November 6, 2023.
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