The Cello IPO commenced on October 30, 2023, and concluded on November 1, 2023. The allotment of shares took place on November 6, 2023, and the initiation of refunds began on November 7, 2023. The shares were credited to the demat accounts of investors on November 8, 2023. Finally, the listing of Cello on the stock exchange occurred on November 9, 2023.
The Cello IPO was priced at ₹617 to ₹648 per share, with a lot size of 23 shares. The total issue size was ₹1,900 crores, comprising an offer for sale of ₹1,900 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Cello IPO Basic Details
| Company Name | Cello World Limited |
| Domain of Company | Manufacturing Writing Instruments and Stationery |
| Cello IPO GMP Today | ₹120 |
| Cello IPO Listing Gain | 18.52% |
| Cello IPO Open Date | October 30, 2023 |
| Cello IPO Close Date | November 1, 2023 |
| Cello IPO Allotment Date | November 6, 2023 |
| Cello IPO Listing Date | November 9, 2023 |
| Face Value | ₹5 per share |
| Price | ₹617 to ₹648 per share |
| Lot Size | 23 Shares |
| Issue Size | 29,320,987 shares of ₹5 (aggregating up to ₹1,900.00 Cr) |
| Offer for Sale | 29,320,987 shares of ₹5 (aggregating up to ₹1,900.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod |
Cello IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹120 | 18.52% | – | – |
| 28 October 2023 | ₹120 | 18.52% | – | – |
Cello World IPO Details:
Cello World is a well-known Indian company that makes products for consumers. They focus on three main categories: writing tools and stationery, furniture, and household items.
The company has been around for more than 60 years, so they really know what consumers like and want.
Cello World has 13 factories in different parts of India. They’re even planning to open a new factory in Rajasthan with machines from Europe to make things more efficiently.
As of March 31, 2023, they have 15,841 different products for sale. Their national sales team has 683 people.
What makes Cello World strong is:
- They have a good place in the market and a strong brand.
- They offer lots of different products for all kinds of customers.
- They have a history of growing their business and making new products.
- Their management team has a lot of experience in this field.
Cello IPO More Details Click Here
Cello IPO FAQs
When is Cello IPO open?
Cello IPO will open on 30 October 2023.
When is Cello IPO Close?
Cello IPO will be closed on 1 November 2023.
What is Cello IPO GMP Today?
The Cello IPO GMP aka Grey Market Premium is ₹120.
What is Cello IPO Kostak Rates Today?
The Cello IPO Kostak Rate is ₹000.
What is Cello IPO Subject to Sauda Price Today?
The Cello IPO subject to sauda rates is ₹000.
Cello IPO Expected Returns?
The Cello expected return is 18.52%.
How much will be the listing gain in Cello IPO?
Cello IPO will get listing gain of 18.52%. (Approx.)
