25-Oct-2023
2 mins read
The IPO date for Cello World is October 30, 2023 to November 1, 2023. The issue pertains solely to the sale of 29,320,987 equity shares of Rs 5 each. Thanks to approval from the capital markets regulator SEBI, Cello World Ltd. is now eligible to raise capital through an initial public offering (IPO).
Cello World Limited Product Portfolio
Cello World is a well-known Indian company that specializes in three main product categories: writing instruments and stationery, molded furniture, and consumer housewares and related items. With over 60 years of experience in the consumer product industry, the company has gained valuable insights into consumer preferences and choices, allowing them to cater to their customers’ needs better.
Cello World boasts a network of 13 manufacturing facilities strategically located in five different regions across India. Furthermore, the company is actively pursuing the establishment of a glass manufacturing unit in Rajasthan equipped with state-of-the-art European machinery to enhance productivity and production capacity.
As of March 31, 2023, Cello World offers an extensive portfolio of 15,841 distinct stock-keeping units (SKUs) across its diverse product ranges. As of the same date, the company’s national sales distribution team is composed of 683 dedicated members.
The company’s core strengths are as follows:
- A robust market presence and a well-established brand identity.
- A diverse array of product ranges is designed to cater to consumers’ varied needs.
- A proven track record of successfully expanding businesses and product categories.
- A seasoned management team with deep domain expertise.
The Objectives of Cello World Limited IPO
The selling shareholders will receive all offer proceeds, with no proceeds going to the company.
Financial Performance of Cello World Limited IPO (In Crore)
| Period Ended | 30-Jun-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 |
Key Performance Indicator (KPI)
| KPI | Values |
| Post P/E (x) | 41.51 |
| Market Cap (Rs in crore) | 13752.57 |
| ROE | 39.90% |
| ROCE | 44.48% |
| Debt/Equity | 0.62 |
| EPS (Rs) | 13.65 |
| RoNW | 23.17% |
Important Details of Cello World Limited IPO
| IPO Date | October 30, 2023 to November 1, 2023 |
| Listing Date | 6-Nov-23 |
| Face Value | Rs 5 per share |
| Price | Rs 617 to Rs 648 per share |
| Lot Size | 23 Shares |
| Total Issue Size | 29,320,987 shares (aggregating up to Rs 1,900.00 Cr) |
| Offer for Sale | 29,320,987 shares of Rs 5 each (aggregating up to Rs 1,900.00 Cr) |
| Employee Discount | Rs 61 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 212,231,034 |
| Shareholding 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 Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 23 | Rs 14,904 |
| Retail (Max) | 13 | 299 | Rs 193,752 |
| S-HNI (Min) | 14 | 322 | Rs 208,656 |
| S-HNI (Max) | 67 | 1,541 | Rs 998,568 |
| B-HNI (Min) | 68 | 1,564 | Rs 1,013,472 |
Cello World Limited IPO Promoter Holding
Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod are the promoters of the company.
| Shareholding Pre Issue | 91.80% |
| Shareholding Post Issue | 78.06% |
Cello World Limited IPO Lead Manager(s)
The lead managers for Cello World Limited IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Ltd, Jm Financial Limited and Motilal Oswal Investment Advisors Limited.
How to Apply for Cello World Limited IPO
Wait for the public issue to open for subscription, then click on this link to apply for Cello World Limited IPO with Bigul https://ipo.bonanzaonline.com/
How to Check the Allotment Status of Cello World Limited IPO
The registrar for Cello World Limited IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/
FAQs
- What is Cello World Limited’s IPO?
Cello World Limited IPO is a public offering where the company is selling its shares to the general public to get listed on stock exchanges.
- When is the IPO Date?
The specific IPO date is from October 30, 2023 to November 1, 2023.
- What will be the listing date of Cello World Limited on the stock exchange?
The listing date is November 6, 2023
- What is the face value of the Cello World Limited share?
The face value of each share is Rs 5.
- How many shares are being offered in this IPO?
The issue size of IPO is 29,320,987 shares.
- Where will Cello World Limited be listed?
The shares will be listed on both BSE and NSE.
- What is the price of each share in the IPO?
The share price for the IPO has been declared as Rs 617 to Rs 648 per share.
- Who are the lead managers for the IPO?
The lead managers for the IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Ltd, Jm Financial Limited and Motilal Oswal Investment Advisors Limited.
- How can I apply for the Cello World Limited IPO?
Once the public issue is open, you can apply for the IPO through this link: Cello World Limited IPO on Bigul.
- How can I check my allotment status for the IPO?
The registrar for the IPO is Link Intime India Private Ltd. To check the allotment status, visit Link Intime.
- What is the primary objective of the Cello World Limited IPO?
The company will not receive any proceeds from the offer, and all proceeds will go to the selling shareholders.
- What has been the financial performance of Cello World Limited in the recent past?
Financial highlights include growth in net worth, total assets, total revenue, profit after tax and total borrowings from 2021 to 2023, as provided in the provided data. Cello World’s revenue increased by 31.88%, and PAT grew by 29.86% between the financial year ending with March 31, 2023 and March 31, 2022.
- Who are the promoters of Blue Jet Healthcare Limited?
Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod are the promoters of the company.
- What is the significance of the reservations mentioned (QIB, Retail Shares, NII)?
These reservations signify the portion of the IPO allocated to different types of investors. For instance, QIBs (Qualified Institutional Buyers) will be offered no more than 50% of the Net Issue, retail investors will be offered not less than 35%, and Non-Institutional Investors (HNIs) will be offered not less than 15%.