Learn about Cello World IPO, GMP, Price, Lot Size, Date and much more at PrimeNewsly.
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Cello, one of the top market covering company with numerous cost-effective and unique products. Cello can be considered as one big player in the market catering to all household needs. Starting from Stationery, moulded furniture, glassware, drinkware and much more.
Business nature of cello world:
Cello is typically into handling two different categories.
Consumer Houseware targets all the products manufactured for the sole purpose of household utility. Consumer Glassware segment emphasis on the manufacturing of products based out of fine glass for tumblers, bottles, storage containers and jugs etc.
Cello world IPO Size: 1900.00 Cr.
Cello world IPO Dates: 30th October, 2023 to 01st November, 2023.
Cello world IPO Share Price: Rs. 617 – Rs. 649/-
Cello world IPO Minimum Investment: Rs. 14,191/- for 23 Shares
Cello world IPO expected Returns: 20%
The giant market company is now open for subscription of cello world IPO. Cello was founded in 2018 by Rathod family. Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod with guidance of their late father Ghisulal dhanraj Rathod planted the seed of Cello world with an idea to provide contemporary products across various categories.
Cello world marks their expertise with their top-notch quality products in houseware, insulated ware, electronic appliances, and drinkware.
The renowned company with its total revenue of Rs. 1,797 Cr. in the year 2023 is now open for IPO.
The share price of Cello world is Rs. 617/- only. The minimum investment required is Rs. 14,191/ for 23 shares.
You can apply for IPO from 30th October, 2023 to 1st November, 2023.
The lot size is 23 shares for Rs. 14,191/-.
The cello world’s initial IPO raised Rs. 567 Crore from anchor investors before the launch. According to the reports, Professional advisors put major emphasis on subscribing for the IPO considering the strong and reputed brand identity of Cello world in the competitive market.
Recognised Reliance Securities stated that, "We believe the company would be a prominent player in its respective business verticals with a large addressable market growth of an average 16%. The strong financials and debt-free nature of the company offer a growth play in the long term. Therefore, we recommend a Subscribe to the issue”.
The total issue size of Cello world IPO is 1900.00 Cr.
Regular individuals can apply upto Rs. 2 Lakh subscription for IPO with the Price band of Rs. 617 – 648. Employees can apply upto Rs. 2 Lakh subscription for IPO with the Price band of Rs. 556 – 587 and High net worth individuals can apply upto Rs. 2-5 Lakhs subscription for IPO with the Price band of Rs. 617 – 648.
Cello World Limited's recent GMP is 127, and it was last updated on October 31st, 2023 at 02:01 PM. Cello World Limited IPO's projected listing price is 775 (cap price + today's GMP) with a price band of 648.00.The estimated profit/loss per share is 19.60%.
|
Investor Category |
Subscription (times) |
Shares Offered |
Shares bid for |
Total Amount (Rs Cr.)* |
|
Anchor Investors |
1 |
87,49,999 |
87,49,999 |
567.00 |
|
Qualified Institutions |
0.03 |
58,33,334 |
1,72,546 |
11.18 |
|
Non-Institutional Buyers |
2.63 |
43,75,000 |
1,15,10,005 |
745.85 |
|
bNII (bids above ₹10L) |
2.82 |
29,16,667 |
82,28,227 |
533.19 |
|
sNII (bids below ₹10L) |
2.25 |
14,58,333 |
32,81,778 |
212.66 |
|
Retail Investors |
0.84 |
1,02,08,333 |
85,26,675 |
552.53 |
|
Employees |
0.91 |
1,70,357 |
1,54,192 |
9.99 |
|
Total |
0.99 |
2,05,87,024 |
2,03,63,418 |
1,319.55 |
Source:
|
Category |
Shares Offered |
Amount (Rs Cr) |
Size (%) |
|
Anchor Investor |
8,749,999 |
567.00 |
29.83% |
|
QIB |
5,833,334 |
378.00 |
19.88% |
|
NII |
4,375,000 |
283.50 |
14.91% |
|
bNII (bids above ₹10L) |
2,916,667 |
189.00 |
9.94% |
|
sNII (bids below ₹10L) |
1,458,333 |
94.50 |
4.97% |
|
Retail |
10,208,333 |
661.50 |
34.80% |
|
Employee |
170,357 |
11.04 |
0.58% |
|
Total |
29,337,023 |
1,901.04 |
100% |
Source: Chittorgarh
Note: The GMP rates will fluctuate based on market performance, keep checking the latest news update before investment.
ALSO READ:
A. Strong advises from Reliance securities and other anchor investors is to buy and invest in the Cello world IPO.
A. You can bid for Cello world IPO from 30th October, 2023 to 1st November 2023.
A. The Cello World IPO expected return is 20%.
A. The grey market premium (GMP) for Cello World's IPO is +135. This means that Cello World shares were trading at a premium of ₹135 in the grey market.
ALSO READ:
A. GMP is the difference between the issue price of share and price at which the shares are traded in the market.
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