Cello World Limited IPO is a book built issue of Rs 1,900.00 crores. The issue is entirely an offer for sale of 2.93 crore shares.
Cello World Limited IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Cello World Limited IPO is expected to be finalized on Monday, November 6, 2023. Cello World Limited IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 9, 2023.
Cello World Limited IPO price band is set at ₹617 to ₹648 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹208,656, and for bNII, it is 68 lots (1,564 shares), amounting to ₹1,013,472.
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Cello World Limited IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Cello World Limited IPO RHP for detailed information.
Cello World Limited IPO Details
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | [9 November 2023] |
| Face Value | ₹5 per share |
| Price Band | ₹617 to ₹648 per share |
| Lot Size | 23 Shares |
| Total Issue Size | 29,320,987 shares (aggregating up to ₹1,900.00 Cr) |
| Offer for Sale | 29,320,987 shares of ₹5 (aggregating up to ₹1,900.00 Cr) |
| Employee Discount | Rs 61 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 195,000,000 |
| Share holding post issue | 212,231,034 |
Cello World Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Cello World Limited IPO Timeline (Tentative Schedule)
Cello World Limited IPO opens on October 30, 2023, and closes on November 1, 2023.
| 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 Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator |
Cello World Limited IPO Promoter Holding
The Promoters of the Company are Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathodand Gaurav Pradeep Rathod.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 91.8% |
About Cello World Limited
Cello World is a famous Indian consumer product company mainly dealing in three categories such as writing instruments and stationery, molded furniture, consumer housewares and related products.
The company has an experience of more than 60 years in the field of consumer product industry which enables them to better understand consumer preferences and choices.
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.
As of March 31, 2023, the company has 15,841 stock-keeping units (“SKU”) across all product ranges.
As of March 31, 2023, the company’s national sales distribution team comprises of 683 members.
The core strength of the company lies in the following
- Strong market position and branding
- Mutliple product ranges to meet the different requisitions of the customers.
- The company has a track record of scaling up businesses and product categories.
- Experienced Management team with domain expertise.
Cello World Limited Financial Information (Restated Consolidated)
Cello World Limited’s revenue increased by 31.88% and profit after tax (PAT) rose by 29.85% 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 |
| Revenue | 479.88 | 1,813.44 | 1,375.11 | 1,059.58 |
| Profit After Tax | 82.83 | 285.06 | 219.52 | 165.55 |
| Net Worth | 1,226.56 | 665.73 | 444.04 | 289.59 |
| Reserves and Surplus | 784.91 | 238.75 | 87.26 | 98.66 |
| Total Borrowing | 328.64 | 335.11 | 462.91 | 334.07 |
| Amount in ₹ Crore |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 49.2 |
| ROE | 134.43% |
| ROCE | 44.48% |
| EPS (Rs) | 13.65 |
| RoNW | 23.17% |
Check Cello World Limited IPO Peer Comparison here.
Objects of the Issue (Cello World Limited IPO Objectives)
The company will not receive any proceeds from the Offer.
Cello World Limited Contact Details
Cello World Limited
597/2A, Somnath Road,
Dabhel
Nani Daman –396 210,
Phone: +91 22 2685 1027
Email: grievance@celloworld.com
Website: https://celloworld.com/
Cello World Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: celloworld.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html