Cello World IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Nov 06, 2023
The world of Initial Public Offerings (IPOs) is a dynamic and exciting realm where companies take their first steps into the public market, offering shares to investors.
IPOs serve as pivotal moments in a company’s journey, providing opportunities for growth, expansion, and capital infusion.
This collection of articles delves into the specifics of the Cello World IPO, offering a comprehensive overview of this prominent Consumer-ware company’s foray into the stock market.
In this blog we will discuss everything related to the IPO and whether it will be a better option for the investors to invest in.
|Face Value||Rs 5|
|Price Band||Rs 617 to Rs 648|
|Listing At||BSE, NSE|
|Min. Order Quantity||23 Shares|
|Listing Date||November 9, 2023|
|Offer for Sale||Rs 1,900.00 Crore|
|Fresh Issue||Rs NA Crore|
|IPO Size||Rs 1,900.00 Crore|
Cello World IPO Overview
Cello World Ltd, a prominent pen manufacturer, has initiated the process of going public by filing a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Their objective is to raise funds through an Initial Public Offering (IPO), a move that has captured considerable attention in the financial sphere. This concise overview encapsulates the critical elements of Cello World IPO, including its size, contributors, and allocation strategy.
The IPO, valued at Rs 5 per share, is a complete Offer for Sale (OFS) of up to Rs 1,750 crore. Prominent promoters, Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod are expected to contribute Rs 300 crore and Rs 670 crore, respectively.
Furthermore, additional stakeholders, Gaurav Pradeep Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod, and Ruchi Gaurav Rathod, are set to play a pivotal role by offering shares ranging from Rs 100 crore to Rs 380 crore.
Cello World IPO will be orchestrated through the book-building process, where up to 50% of the offering will be allocated to Qualified Institutional Buyers (QIBs), at least 15% to non-institutional bidders, and a minimum of 35% to retail individual bidders. This distribution framework aims to encourage participation from a wide spectrum of investors.
Cello World’s IPO marks a significant milestone in its financial journey, promising opportunities for investors to be part of its growth trajectory.
With a transparent allocation strategy, the IPO is poised to attract diverse investor segments, fostering anticipation and interest as it progresses through regulatory channels.
Cello World IPO Important Dates
|IPO Opening Date||October 30, 2023|
|IPO Closing Date||November 1, 2023|
|Basis of Allotment Finalization||November 6, 2023|
|Refunds Initiation||November 7, 2023|
|Credit of Shares to Demat Account||November 8, 2023|
|Share Listing Date||November 9, 2023|
Investors and market enthusiasts eagerly await the important dates associated with Cello World Ltd.’s Initial Public Offering (IPO), which is set to be a significant financial event. However, it is crucial to emphasize that these dates are currently tentative, pending confirmation based on regulatory approvals and market dynamics.
For investors and stakeholders, staying updated with official Cello World IPO dates is vital, as these dates will solidify their ability to participate in this eagerly anticipated IPO.
Cello World IPO Price, Size, Share Offerings
|Price Band||Rs 617 to Rs 648|
|Offer for Sale||Rs 1,900.00 Crore|
|Fresh Issue||Rs NA Crore|
|IPO Size||Rs 1,900.00 Crore|
The IPO, with a face value of Rs 5 per share, comprises a comprehensive Cello World IPO Share Offerings valued at up to Rs 1,750 crore, reflecting the company’s commitment to securing financial resources for future growth.
Promoters Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod are key contributors, with additional stakeholders like Gaurav Pradeep Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod, and Ruchi Gaurav Rathod also participating, contributing varying amounts.
Cello World IPO follows a book-building process to facilitate efficient price discovery and share allocation. Up to 50% of the offering is allocated to Qualified Institutional Buyers (QIBs), while a minimum of 15% is reserved for non-institutional bidders, encouraging individual and entity participation.
A minimum of 35% is exclusively reserved for retail individual bidders, enhancing accessibility for individual investors. This IPO offers a significant opportunity for a diverse range of investors to engage in the company’s growth trajectory.
The transparent price discovery mechanism of the book-building process is expected to generate anticipation and interest in this substantial offering.
Cello World IPO Grey Market Premium
|Date||GMP (Rs.)||Kostak Rate (Rs.)||Subject to Sauda (Rs.)|
|06 Nov 2023||Rs 180||Rs 400||Rs 1500|
|05 Nov 2023||Rs 160||Rs 400||Rs 1500|
|03 Nov 2023||Rs 160||Rs 400||Rs 1500|
|02 Nov 2023||Rs 160||NA||NA|
|01 Nov 2023||Rs 130||NA||NA|
|31 Oct 2023||Rs 130||NA||NA|
|30 Oct 2023||Rs 120||NA||NA|
The Grey Market Premium (GMP) is a critical gauge in financial markets, indicating demand for an Initial Public Offering (IPO) before official listing. As of now, data for Cello World IPO GMP remains unavailable, given the IPO’s early-stage status, pending regulatory approvals and pricing announcements.
The Grey Market functions as an unofficial platform where IPO shares are traded before listing. A positive GMP suggests strong demand, with investors willing to pay a premium over the expected issue price.
Conversely, a negative GMP signals lower demand or uncertainty about the IPO’s prospects.
Investors monitor GMP to gauge market sentiment and aid subscription decisions. However, Cello World IPO GMP data is speculative and unofficial.
An IPO’s true performance is known only after official listing and trading on stock exchanges. As Cello World’s IPO progresses, GMP data may emerge in the Grey Market.
Stay updated with reliable sources for the latest on the Cello World IPO and its Grey Market Premium.
Cello World IPO Subscription Status
|Day / Date||QIB||NII||RII||Emp||Total Subscription|
|1st Day – 30th Oct||0.02x||0.99x||0.38x||0.45x||0.41x|
|2nd Day – 31st Oct||0.05x||4.58x||1.11x||1.34x||1.55x|
|3rd Day – 1st Nov||0.07x||6.81x||1.43x||1.61x||2.19x|
|Shares Offered or Net Issue||5,833,334||5,833,334||10,208,333||170,357||29,166,666|
The Cello World IPO Subscription Status is an eagerly awaited piece of information for investors and market enthusiasts alike. This critical data provides insights into the level of interest and demand for the IPO shares. However, it’s important to note that as of now, the subscription status for Cello World’s IPO is not yet available.
The subscription status typically becomes available during the IPO subscription period, which allows investors to submit their bids for shares.
This period allows Qualified Institutional Buyers (QIBs), non-institutional bidders, and retail individual bidders to express their interest in participating in the offering.
Once the IPO subscription period begins, investors and stakeholders should keep an eye out for formal announcements and updates from Cello World and regulatory authorities regarding the subscription status.
This data will assist market participants in determining the amount of interest for Cello World’s IPO and making educated investment decisions.
Cello World IPO Allotment Status
Investors keen to check the Cello World IPO Allotment status should note that specific share allocation data is currently unavailable. Like all IPOs, the allocation status is typically disclosed after the subscription period concludes, following a predetermined timeline.
During this waiting period, patience is vital as the company and regulatory authorities meticulously review and process applications from diverse investors. Once this comprehensive process concludes, Cello World Ltd will make allotment status information accessible.
To stay updated and access the latest information, investors should monitor official channels and websites provided by Cello World and the listing stock exchanges.
Timely and accurate information will be crucial for informed decisions regarding participation in this significant financial opportunity. In summary, the Cello World IPO allotment status is eagerly awaited, but it remains unavailable at this time.
Investors are urged to stay informed through official channels and exercise patience as the allotment process progresses.
Cello World IPO Live Performance
Specific performance data for Cello World Ltd’s Initial Public Offering (IPO) is currently unavailable, as the IPO is in its initial stages. This eagerly anticipated IPO, with its substantial offering size, has garnered significant interest. Investors are eagerly awaiting details such as the listing date, opening price, and market performance.
As the IPO progresses through regulatory processes and pricing, Cello World IPO Live Performance data will become accessible, offering insights into investor sentiment and the company’s debut in the stock market.
Stakeholders should stay tuned for official announcements to gauge Cello World’s performance as it enters the public market.
Subscribe to Cello World IPO – Open Free Demat Account Now!
Latest Cello World IPO News
At present, there is no Cello World IPO News available. The IPO process is subject to regulatory approvals, market conditions, and various developments.
Investors and market enthusiasts eagerly await updates on this significant financial event, which typically include key milestones, subscription details, and market sentiment.
Staying informed is crucial, and interested parties should regularly check credible financial news sources, official announcements from the company, and regulatory updates from authorities like the Securities and Exchange Board of India (SEBI) for the latest information on this IPO.
As the IPO progresses, news and updates are expected to provide insights for investors and stakeholders.
Cello World – Company Review
Cello World Limited (CWL) is a notable Public Limited Indian Non-Government Company incorporated in India on 25 July 2018, making it five years and one month old as of now.
The company’s registered office is located in Mumbai, Maharashtra, India. Cello World Limited primarily engages in the business of processing.
Cello World is renowned for its diverse range of high-quality writing instruments and plastic household products. Their extensive product portfolio includes pens, pencils, markers, and other stationery items, as well as a wide selection of kitchenware, storage solutions, and home essentials. The company has gained international recognition for its commitment to quality and innovation.
Cello World Limited operates as a company limited by shares with an authorized capital of Rs 125.00 crore and a paid-up capital of Rs 111.88 crore, as per the Ministry of Corporate Affairs (MCA) records.
The company’s status is currently marked as “Active,” and it has diligently filed its Annual Returns and Financial Statements up until 31 March 2022.
With a global presence, a commitment to sustainability, and a focus on delivering innovative and eco-friendly products, Cello World has secured a prominent position in the consumer goods market, both domestically and internationally.
Products or Services
Cello World offers an extensive range of consumer goods to meet daily needs, including drinkware, dinner sets, lunch boxes, jars, casseroles, bakeware, kitchen appliances, cookware, and cleaning supplies.
With a focus on quality and innovation, their products combine functionality and style, enhancing convenience in everyday life.
Promoters and Holding
Cello World Ltd.’s strength lies in its dedicated promoters, including Pradeep Ghisulal Rathod, who serves as Chairman and Managing Director, Pankaj Ghisulal Rathod, Joint Managing Director, and Gaurav Pradeep Rathod, also Joint Managing Director.
As of the current Draft Red Herring Prospectus, these promoters collectively hold 116,999,994 Equity Shares, equivalent to 55.13% of the issued, subscribed, and paid-up Equity Share capital, assuming full conversion of outstanding Preference Shares.
Is Cello World Good for Investment?
Cello World operates in a dynamic and rapidly evolving Indian market. As of FY 2022, branded players have asserted their dominance, capturing nearly 60% of the market share, representing a significant increase from approximately 52% in FY 2015.
This shift reflects a robust Compound Annual Growth Rate (CAGR) of 9.6% for the branded sector, poised to reach ~67% market share (~INR 377 Bn) by FY 2027.
Several factors drive the remarkable growth of branded players in this sector. Firstly, rising consumer awareness regarding safety and quality has led to a preference for branded products, seen as symbols of trust and superior quality.
Secondly, branded players invest heavily in research and development, introducing technologically advanced to meet evolving consumer preferences. Thirdly, economies of scale and robust distribution networks allow brands to efficiently reach consumers, making them more competitive.
Furthermore, changing consumer aspirations have transformed houseware into lifestyle-enhancing accessories, with consumers seeking innovative designs and captivating product experiences. Additionally, the Goods and Services Tax (GST) regime has improved transparency and compliance, benefitting branded players.
Branded players like Cello, Milton, and La-Opala leverage strong brand recognition, economies of scale, well-established distribution networks, research and development capabilities, and effective marketing campaigns to maintain a competitive edge, setting the stage for further growth and innovation in the Indian Consumer market.
Cello World Financial Statements
|Amount (in INR & Million)|
|Profit After Tax||828.28||660.27||2,850.55||2,195.23||1,655.48|
Cello World Limited, formerly known as Cello World IPO Limited, has displayed robust financial performance. As of March 31, 2023, the company’s consolidated statement of assets and liabilities reveals a strong financial position, with total assets of Rs 15,516.92 million, a significant increase from the previous fiscal year.
Equity has surged to Rs 5,363.89 million in FY 2023, reflecting substantial growth compared to Rs 2,727.80 million in FY 2022. This showcases the company’s ability to create shareholder value.
Total income for FY 2023 reached Rs 18,134.35 million, a noteworthy rise from Rs 13,751.09 million in the previous year. This demonstrates consistent revenue growth.
Effective cost management is evident with total expenses at Rs 14,282.39 million in FY 2023, compared to Rs 10,760.09 million in FY 2022. Cello World’s positive trend continues in comprehensive income. This is with a total of Rs 2,843.06 million for FY 2023, signifying financial strength and performance.
These financial indicators collectively highlight Cello World’s stability, growth potential, and consistent value delivery. This is for shareholders, positioning it as a promising player in the Consumer market.
|Earnings per Equity Share (in Million)|
|Basic & Diluted||3.65||3.17||13.65||10.46||7.75|
Cello World IPO Review
Cello World Ltd, a prominent pen manufacturer, has filed a Draft Red Herring Prospectus (DRHP) for its Initial Public Offering (IPO) with SEBI. The IPO, with a face value of Rs 5 per share. It seeks to raise to Rs 1,750 crore through a complete Offer for Sale (OFS).
Promoters, including Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod, along with other contributors, are part of this offering.
The Cello World IPO book-building process allocates up to 50% to Qualified Institutional Buyers, 15% to non-institutional bidders, and 35% to retail individual bidders. Cello World’s IPO offers investors an opportunity to be part of a renowned player. IPO dates are pending confirmation.
Cello World IPO Details
Here are a few more details you need to know before investing in Cello World IPO –
Cello World IPO Issue Object
This company has proposed diverse objectives for making the IPO offer and some of the objectives are:
- To achieve the benefits of listing Equity Shares on the Stock Exchanges; and
- To carry out the Offer for Sale of up to [●] Equity Shares aggregating up to Rs 19,000.00 million by the Selling Shareholders
Cello World IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well-established brand name and strong market positions;
- Diversified product portfolio across price points catering to diverse consumer requirements;
- Track record of scaling up new businesses and product categories;
- Pan-India distribution network with a presence across multiple channels;
- Ability to manufacture a diverse range of products and maintain optimal inventory levels;
- Skilled and experienced management team; and
- Strong historical financial results.
Quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Cello World IPO Lead Managers
Here is the list of Lead managers –
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
- IIFL Securities Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
Cello World IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S.
Marg, Vikhroli West, Mumbai 400
083, Maharashtra, India
Tel: +91 810 811 4949
Investor grievance e-mail: email@example.com
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058
Cello World IPO – Other Details
- Statutory Auditor – Deloitte Haskins & Sells LLP, Chartered Accountants
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – HDFC Bank Limited, ICICI Bank Limited and State Bank of India
Cello World IPO Verdict by Stock Brokers
The profitability of the Cello World IPO for investors hinges on several factors. Firstly, Cello World is a well-established player in the Consumer market, known for its quality products and innovation. This reputation could attract investor interest.
However, investors must carefully assess the IPO’s financial details, market conditions, and valuation metrics before making investment decisions. Additionally, the competitive landscape and potential risks in the Consumer industry should be considered.
The IPO’s substantial size and diversified offering structure offer potential. However, investors should stay informed about the IPO dates, as market dynamics can change. In conclusion, while Cello World’s IPO presents an opportunity, prudent evaluation, and market monitoring are crucial for investors seeking profitability.
Cello World IPO – Conclusion
Cello World, a well-known Consumer-ware company, is planning to go public with an IPO for Rs. 1,750 crores. While the IPO appears to be promising owing to its recognized brand and sector position. Also, prospective investors should carefully examine the financials, market circumstances, and valuation criteria.
The competitive Consumer landscape should also be considered. Cello World’s large product size and diversified structure provide opportunity, but market dynamics may change.
The importance of prudent judgment and being informed cannot be overstated. The profitability of the Cello World IPO is determined by a variety of circumstances. Thus making careful analysis essential for investors seeking returns in this opportunity.
To Subscribe to Cello World IPO – Open Demat Account Now!
Cello World IPO Review FAQs
Check out the FAQs on Cello World IPO –
What is the Issue Size of Cello World IPO?
The Company is making an initial public offer of 29,320,987 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Cello World IPO?
The price band for this particular IPO ranges between Rs.617 to Rs. 648. As far as the face value of the share is concerned, it is Rs.5 per share.
What is the Cello World IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 30, 2023, while the closing date is set at November 1, 2023.
What is the Cello World IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 6, 2023, refund initiation is on November 7, 2023, credit of shares is on November 8, 2023, and share listing date is on November 9, 2023.
What is the Cello World IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 9, 2023. The date, when the listing would be done, is stagnant on November 9, 2023.
Who is the Registrar of Cello World IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Cello World IPO?
Here are the promoters of this IPO – PRADEEP GHISULAL RATHOD, PANKAJ GHISULAL RATHOD AND GAURAV PRADEEP RATHOD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Cello World IPO?
They have obtained the GMP of this IPO and it is Rs. 180. Further insights of the Kostak rate and subject to sauda or SS are also included in this report.
Is Cello World IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Cello World Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 2,850.55, 2022 is 2,195.23, 2021 is 1,655.48. PAT from Jun 2023 is 828.28.
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