Cello World IPO Details
Issue Date
--
Price Range
₹648
Lot Size
23
IPO Size
₹1901.04 Cr
Cello World IPO Listing Details
Listing On
6 Nov'23
Issue Price
--
Listed Price
₹ 829
Retail Gain/Listing Gain
▲27.93%
Schedule of Cello World IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
06/11/2023
Cello World IPO Review - Issue Details, Financials and More
Kotak Neo
•3m 07s
Cello World Ltd Company Background
Cello World Limited is a prominent player in the consumer ware market in India, with a presence in consumer houseware, writing instruments and stationery, moulded furniture and allied products, along with consumer glassware categories (Technopak Report).
While Cello World was incorporated in 2018, it has a long branding history since 1962. Over the last 6 decades, the Cello brand has diversified its product range and brand portfolio, and has established a track record of scaling up new businesses and product categories.
The company’s writing instruments and stationery product category was launched in 2019 under the “Unomax” brand, and has the highest EBITDA margin for the Financial Years 2021, 2022 and 2023 (Source: Technopak Report).
The company also owns, leases and operates 13 manufacturing facilities across five locations in India, as of June 30, 2023. They are currently establishing a glassware manufacturing facility in Rajasthan. These manufacturing capabilities allow the company to continue manufacturing a diverse range of products in-house.
With that, let's take a look at the competitive strengths and risk factors for Cello World Limited:
Cello World Ltd Competitive Strengths
Well-established brand name and strong market positions
Diversified product portfolio across price points catering to diverse consumer requirements
Ability to manufacture a diverse range of products and maintain optimal inventory levels
Risk Factors
- Fluctuations in raw material prices may adversely affect business operations and financial conditions.
- The company is dependent on its distribution network in India and overseas to sell and distribute products.
- The company’s reliance on third-party contract manufacturers for some of the products subjects them to risks.
Key Strategies
- Continued innovation to grow wallet share and expand consumer base.
- Expand the distribution network.
- Scale up branding, promotional and digital activities.
Cello World Ltd Key Financials
Here are the key financials for Cello World Limited:
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
Cello World IPO FAQs
The Cello World IPO opens for subscription from [-] to [-], with a total issue size of ₹1901.04 Cr. The IPO price band is ₹648 to ₹0 per share with a lot size of 23. The company aims to list the shares on BSE & NSE on 06-11-2023.
The Cello World IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Cello World IPO is 23 equity shares, requiring a minimum investment of ₹14904 for retail investors applying in the IPO.
The price band of the Cello World IPO has been fixed at ₹648 to ₹0 per equity share.
You can apply for the Cello World IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Cello World IPO allotment will take place on [-].
You can check the Cello World IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Cello World shares will list on the stock exchanges on 06-11-2023.
The Cello World Limited IPO has an issue size of Rs. 1,900 crores. The IPO opens for subscription on 30th October and closes on 1st November 2023.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about Cello World Limited and its IPO from the company’s red herring prospectus (RHP) here:
Cello World Limited IPO lot size is 23 Shares, and the minimum amount required is ₹14,904.
Cello World IPO allotment date is 6 Nov, 2023. For Cello World IPO allotment status check, you can visit the website of the registrar of the IPO.
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