Cello World IPO Details :
The Cello world IPO GMP Today is ₹160 Cello World IPO has been subscribed 38%, and it has opened for subscription on October 30th. The closing date is November 1st, Wednesday. The price band of this IPO has been fixed in the range of ₹ 617 to ₹ 648 per equity share. It has a face value of ₹5. The IPO has reserved around 50% of the shares has been reserved for the Qualified Institutional Buyers (QIB), 15% for the Non Institutional Investors (NII) & 35% for the Retail investors. There is a reservation of up to 170,357 shares for the employees.
Minimum Investment :
₹14904 is the minimum amount of investment that the retail investors require to participate. The investors can bid a minimum of 23 shares x ₹648 = ₹14904 by the retail investors.
Allotment Date & Refund :
Cello World shares will be allotted on Monday, November 6, 2023, the refunds are expect to be initiated by 7th November 2023 while the shares are expected to be credited in the Demat account by 8th November 2023
Listing Date of Cello World IPO :
The listing is expected to be on the 9th November 2023 on both NSE & BSE exchange
Cello World IPO GMP Today :
Cello World IPO GMP Today is ₹160 ( 3rd November) the GMP of Cello world yesterday was ₹160. The GMP on Tuesday and Wednesday was also at ₹130 and was ₹120 on Monday the previous GMP are as follows –
| Date | GMP |
| 30 October | ₹120 |
| 29 October | ₹100 |
| 26 October | ₹80 |
| 25 October | ₹65 |
| 24 October | ₹80 |
The IPO purchased and sold in an unregulated market are known as the grey market. The shares can be sold for a premium or a discount which depends on the Demand and Supply of the particular stock and what the market participants and speculators feel. The Grey market usually starts 4-5 days prior of the Stock IPO.
Who are the Lead managers of Cello World IPO ??
ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, IIFL Securities Limited, and Motilal Oswal are the lead managers for the Cello World IPO.
Cello World Objectives :
The company works on the the following objectives –
- Realizing the advantages of listing the equity shares on the stock exchanges.
- Improved brand recognition.
- Bestow the investors with rewards by making an offer to sell.
Should you Buy Cello World IPO?
Firstly, it is very important to know your investment goals, the amount of risk you can handle, and many other factors before making investment in any IPO. You should also research about the market thoroughly before investing in this IPO. The Share prices could be volatile right after the listing and the listing price depends on many other factors as well. The grey market premium is showing postive sign
All Other parameters that should be taken into consideration are the growth potential of the company, its industry counterparts, and the financial health of the company.
Instead of delving deep into the company’s business, it is recommended to consult with a expert financial advisor, read the prospectus, and take into consideration your circumstances before you make an informed decision.
What are the strengths of Cello World IPO?
Strength :
- Cello world is An established brand currently
- A production selection that is diverse and spans across many needs of the customers.
- History of opening new avenues into different product categories.
- Cello has the Capacity to keep ideal stock levels.
- Cello world has been awarded as ‘one of India’s most trusted brands’ in the year 2021.
- Despite the effect of the Covid-19 , it follows a resilient business model.
- The revenue operations of the company reportedly grew from ₹ 1049 crore in the financial year 2021 to ₹ 1796 crore in the financial year 2023.
Weaknesses of the Cello World IPO :
- Cello World has some big competition in the category, and hence, it can result in a decrease in the market share.
- In the past, people have already witnessed certain instances of delays in paying dues.
- Within the financial year 2022, the equity shares were issued by Cello at a price lower than the offer price.
Can it be a good investment?
Cello World is looking forward to raising ₹ 1900 crore via the IPO route, and it raised ₹ 567 crore by allocating 87,49,999 shares to 39 investors for ₹ 648 each. The company stunned everyone with its production and manufacturing capabilities by constantly updating itself according to the market demands. It has strong financials, and it offers a growth play in the long term. Experts are citing that it will be a good investment if you are considering subscribing to Cello World Ltd with a long-term perspective.
Company Profit and Loss
In recent years, the company has consistently maintained 20% and above operating margin, and its profit before taxes for the financial year 2023 was 411 crore! In a nutshell, the company has been generating a positive cash flow in the last three years!
About the founders and company
The company was Established in 2018, Cello World is a prominent player in the consumer ware market in India. The company offers products across categories such as allied products, furniture and houseware, and stationery.
It was founded by the Late Ghisulal Dhanraj Rathod, the father of two current promoters, Pankaj Ghisulal Rathod and Pradeep Ghisulal Rathod. There are 13 manufacturing facilities across five locations in India as of June 30, 2023. Between the financial year 2022-2027, the Indian consumer ware market is expected to grow at a CAGR of 10% owing to the growing demand for functional kitchen spaces & other supplies
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