Bookbuilding IPO | ₹1,900 Cr | Listed at BSE, NSE | Mon, Oct 30, 2023 - Wed, Nov 1, 2023
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 per share. The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,904 (23 shares) (based on upper price). 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 Open
Mon, Oct 30, 2023
IPO Close
Wed, Nov 1, 2023
Issue Price
₹648 per share
Market Cap (Pre-IPO)
₹13,752.57 Cr
| IPO Date | 30 Oct to 1 Nov, 2023 |
| Listed on | Mon, Nov 6, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹617 to ₹648 |
| Issue Price | ₹648 per share |
| Lot Size | 23 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹61.00 |
| Total Issue Size | 2,93,37,023 shares (agg. up to ₹1,900 Cr) |
| Offer for Sale | 2,93,37,023 shares of ₹5 (agg. up to ₹1,900 Cr) |
| Share Holding Post Issue | 21,22,31,034 shares |
| BSE Script Code / NSE Symbol | 544012 / CELLO |
| ISIN | INE0LMW01024 |
Cello World 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 23 shares and in multiples thereof.
| 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 |
Cello World IPO raises ₹567.00 crore from anchor investors. Cello World IPO Anchor bid date is October 27, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Oct 27, 2023 |
| Shares Offered | 87,49,999 |
| Anchor Portion (₹ Cr.) | 567.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Dec 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jan 31, 2024 |
| 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 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
| KPI | |
|---|---|
| ROE | 39.9% |
| ROCE | 44.48% |
| Debt/Equity | 0.62 |
| RoNW | 23.17% |
| PAT Margin | 15.90% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.65 | |
| P/E (x) | 41.51 | |
| Promoter Holding | 91.8% | 78.06% |
| Market Cap | ₹13,752.57 Cr. |
The Cello World Limited IPO is subscribed 41.69 times on November 1, 2023 7:02:00 PM (Day 3). The public issue subscribed 3.21 times in the retail category, 122.2 times in the QIB category, and 25.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 122.2 | 58,33,334 | 71,28,59,562 |
| NII | 25.65 | 43,75,000 | 11,22,14,884 |
| bNII (bids above ₹10L) | 30.02 | 29,16,667 | 8,75,55,388 |
| sNII (bids below ₹10L) | 16.91 | 14,58,333 | 2,46,59,496 |
| Retail | 3.21 | 1,02,08,333 | 3,27,69,871 |
| Employee | 2.74 | 1,70,357 | 4,67,567 |
| Total | 41.69 | 2,05,87,024 | 85,83,11,884 |
Total Application : 13,16,828
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 42.55 |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Banks, and fee payable to the Sponsor Banks, brokerage and selling commission and bidding/uploading charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 6.40 |
| 3 | Fees payable to the Registrar to the Offer | 1.37 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 5.87 |
| 5 | Printing and stationery expenses | 3.03 |
| 6 | Advertising and marketing expenses | 8.26 |
| 7 | Fees payable to legal counsels | 5.79 |
| 8 | Fees payable to other advisors to the Offer (including auditors, independent chartered accountants and other consultants) | 10.02 |
| 9 | Miscellaneous | 1.58 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹648.00 | ₹648.00 |
| Open | ₹831.00 | ₹829.00 |
| Low | ₹781.50 | ₹782.00 |
| High | ₹834.70 | ₹837.40 |
| Last Trade | ₹791.90 | ₹791.70 |
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 Crores. The issue is priced at ₹648 per share. The minimum order quantity is 23.
The IPO opens on Mon, Oct 30, 2023, and closes on Wed, Nov 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 Mon, Oct 30, 2023 and closes on Wed, Nov 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 Fri, Nov 3, 2023. Check the Cello World IPO allotment status.
The Cello World IPO listing date is on Mon, Nov 6, 2023.
