Cello World IPO: The IPO of Cello World Limited, a famous company manufacturing household goods and stationery products, is going to open on Monday, October 30, 2023. Before opening for retail investors today, the company has collected a total of Rs 567 crore from anchor investors on Friday. The size of this IPO is Rs 1900 crore. If you are also thinking about investing in it, then we are telling you about some important things related to it. Let us know about this.
Important dates of Cello World Limited IPO-
Cello World’s IPO is opening today i.e. on 30th October. You can invest in this till November 1, 2023. The company has fixed the price band of the issue between Rs 617 to Rs 648 per share. The thing to note is that the company is going to sell its shares worth Rs 1900 crore only through offer for sale and not even a single share is being issued fresh in this issue. In such a situation, the amount raised through the issue will go directly to the company’s promoter Rathod family. In this issue, the company has reserved shares worth Rs 10 crore for the employees. Allotment of shares will take place on 6 November. Whereas unsuccessful investors will get refund on 7th November. The listing of shares will be done on BSE and NSE on November 9.
These anchor investors invested money
The anchor round of Celo World IPO includes many big companies like Morgan Stanley, Goldman Sachs, Florida Retirement System, Nomura, HSBC, Aditya Birla Sun Life Trust, ICICI Prudential Mutual Fund, Tata Mutual Fund, ICICI Prudential Life Insurance, HDFC Life Insurance Company. , HSBC, Aditya Birla Sun Life Trustee, HDFC Mutual Fund and SBI Life Insurance Company have participated.
What is the lot size of IPO
In this IPO, the company has reserved 35 percent share for retail investors. Whereas 50 percent share has been reserved for qualified institutional buyers and 15 percent share has been reserved for non-institutional buyers. You can invest money in at least 23 equity shares in this issue. In such a situation, retail investors will have to invest at least Rs 14,904. Whereas the maximum limit has been fixed at 299 shares. In such a situation, the maximum amount that can be invested by retail investors is Rs 1,93,752 crore.
How is the financial condition of the company?
Cello World, established in the year 2018, manufactures stationery and household products. According to the company, it has a total of 13 manufacturing plants in different parts of the country. Talking about the net profit of the company, it has increased by 30 percent in this financial year. If we talk about the revenue of the company in the financial year 2022-23, it has been Rs 1,796.66 crore.
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