Cello World IPO GMP Today is ₹160 but what could be the Listing price??
The Cello World IPO Opened on 30th October 2023 and closed on 1st November 2023. The Price band for Cello World IPO has been fixed in the range of ₹ 617 to ₹ 648 per share. The IPO was subscribed 38.90 times and received bids for 85,83,10,665 shares against 2,20,61,947 shares which were offered
The allotment will begin on Monday, November 6, 2023, the refunds for the IPO are expect to be initiated by 7th November while the shares are expected to be credited in the Demat account by 8th November 2023. The listing of the Cello World IPO is expected to be on the 9th November 2023 on both NSE & BSE exchange
Cello World IPO GMP Today
The Grey Market premium for the Cello World IPO are as follows –
- 30th October – ₹120
- 31st October – ₹130
- 1st November – ₹130
- 2nd November – ₹160 (Today)
Cello World Listing Price
The issue price for Cello World is ₹648 while the GMP (grey market premium) today is ₹120 so the expected listing price of can be ₹648 + ₹120 = ₹808 which is a premium of approx +25% from the IPO price.
A Positive GMP determines that the IPO can do well on Listing and the investors are interested in the IPO and there can be potential demand of the share on the listing day. However, the Grey market premium doesn’t guarantee what the actual listings price is going to be and the final listing price will be decided by the market participants when its trading begins on the Regulated Exchanges.
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