IPO : Cello World Limited
Cello World Limited IPO
Cello a name that is common in the Indian households for the past 60+ years. Established in 1962 with the vision to be India’s most preferred household brand with innovative & aesthetically superior products at affordable prices. Cello has seamlessly blended innovation, aesthetics, and affordability to become a trusted companion in homes, hotels, restaurants, and catering establishments. With a rich history spanning over 60 years, Cello has continually evolved and diversified its product range to cater to the ever-evolving needs of Indian consumers.
Thank you for reading this post, don't forget to subscribe!| SYMBOL | CELLO |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | October 30, 2023 (Monday) |
| ISSUE CLOSES ON | November 1, 2023 (Wednesday) |
| ISSUE PRICE | Rs.617 To Rs.648 per share |
| ISSUE SIZE | Up to Rs.1,900.00 Crores |
| FACE VALUE | Rs.5 per share |
Cello World Limited IPO is a book built issue of Rs 1,900.00 crores. The issue is entirely an offer for sale of 2.93 crore shares.
Cello World Limited IPO opens for subscription on October 30, 2023 and closes on November 1, 2023. The allotment for the Cello World Limited IPO is expected to be finalized on Monday, November 6, 2023. Cello World Limited IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 9, 2023.
Cello World Limited IPO price band is set at ₹617 to ₹648 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹208,656, and for bNII, it is 68 lots (1,564 shares), amounting to ₹1,013,472.
| MINIMUM BID | 23 shares |
| MINIMUM AMOUNT | Rs.14,904 |
| MAXIMUM BID | 299 shares |
| MAXIMUM AMOUNT | Rs.1,93,752 |
| PROMOTER HOLDING | 91.8 % (Post-issue) |
| LISTING DATE | November 9,2023 (Thursday) |
| LISTING AT | BSE-SME |
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Cello World Limited IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Cello World Limited IPO RHP for detailed information.
Objects of the Issue (Cello World Limited IPO Objectives)
The company will not receive any proceeds from the Offer.
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