Cello World Limited IPO GMP, Lot Size, Open & Close Date, Allotment Status

Cello World Limited IPO GMP- The first public offering (IPO) of Cello World is slated to start on October 30, 2023, and run until November 1, 2023. Cello World Limited IPO GMP is to raise around ₹1900 crores through an initial public offering (IPO) that comprises a fresh issuance of ₹1900 crores and an offer to sell up to equity shares for ₹5 each. Retail quota is 35%, HNI is 15%, and QIB is 50%.

The firm has a history of growing new ventures and product lines. In addition to launching the writing instruments and stationery product category under the “Unomax” brand in 2019, Cello also started its glassware and opalware business under the “Cello” brand in 2017. The Cello also launched its cleaning aids business under the “Kleeno” sub-brand (under the “Cello” brand) in 2017. Cello World sold 15,891 stock-keeping units (SKUs 1) across all of its product categories as of June 30, 2023.

Cello World Limited IPO GMP

Promoters and other shareholders will sell ₹5,001 worth of shares in the first public offering (IPO). This is called an offer for sale in its whole (OFS). The offer includes a reserve of up to ₹10 crore for workers who meet the requirements. The offers from promoter Pradeep Ghisulal Rathod are ₹300 crore for shares, ₹736 crore from Pankaj Ghisulal Rathod, ₹464 crore from Gaurav Pradeep Rathod, ₹200 crore from Sangeeta Pradeep Rathod, and ₹100 crore from Babita Pankaj Rathod and Ruchi Gaurav Rathod.

It is projected that on November 6, 2023, the allotment for the Clozol World Limited IPO will be finished; on November 7, 2023, refunds will start to be given out; and on November 8, 2023, shares will be credited to demat. The Cello World Limited IPO is scheduled to go live on the BSE and NSE on November 9, 2023, as per the intended listing date.

Grey Market Premium (GMP) for the Cello World Limited IPO is a current topic of interest for investors. The GMP refers to the difference between the IPO price and the price at which shares are trading in the grey market before the official listing. It is an indicator of market sentiment and demand for the company’s shares. As of the latest reports, the GMP for Cello World Limited IPO stands at [insert GMP value].

Cello World Limited IPO GMP Overview

Cello World Limited IPO Buy or Not

The Cello World Limited IPO purchase decision is based on your investing objectives, risk tolerance, and market analysis. Take into account the company’s development potential, industry competitiveness, and financial stability. Before choosing a choice, evaluate your unique situation, read the prospectus, and speak with a financial counselor. Making an educated decision in line with your investing goals is crucial.

Kotak Mahindra Capital Co. Ltd., ICICI Securities Ltd., IIFL Securities Ltd., JM Financial Ltd., and Motilal Oswal Investment Advisors Ltd. are the book-running lead managers. Intime India Pvt. Ltd. is the registrant. In FY23, net profit increased by 29.86% to ₹285 crore, while consolidated operating revenue increased by about 32% to ₹1,796.69 crore. Cello was founded by the late Ghisulal Dhanraj Rathod, who was also a promoter in the past and the father of two current promoters, Pradeep and Pankaj.

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Cello World Ltd IPO Objectives

The net proceeds of the Fresh Issue are expected to be used for the following purposes:

• Acknowledge the benefits of listing equity shares on stock exchanges, such as increased open market trading and brand recognition.
• Offer to sell and pay investors their money back.

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Cello World Limited IPO Strengths

• a well-known brand with strong market positioning, a diverse range of products that meet a range of consumer expectations and pricing points
• Past experience branching out into new product categories and markets
• a vast distribution network with several channels throughout India
• Ability to produce a large variety of goods and maintain optimal supply levels

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Cello World Limited IPO Lot Size

Multiples of 23 shares are available for bidding, with a minimum price of 23. Below is a list of the lowest and largest percentage and total amount of investments made by retail and HNI investors.

• Issue Price: ₹617.00-648.00
• Market Lot: 23 Shares
• 1 Lot Amount: ₹14904
• Min Small HNI Lots(2-10 Lakh): 322 shares (14 lots)
• Min Big HNI Lots(10+ Lakh): 1564 shares (68 lots)

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Cello World IPO Dates & Listing Performance

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How to check Cello World Limited’s IPO Allotment Status?

Use these easy methods to find out the status of Cello World Limited’s IPO:

• Go to the official website of the IPO registrar, such as KFin Technologies Private Limited or Link Intime India Private Limited.
• On the website, look for the “IPO Status” or “Check Allotment Status” option.
• Input the required information, such your application number or PAN number.
• Your IPO allotment status will be shown on the portal once you submit the information.

Conclusion

The GMP (Grey Market Premium) conclusion for the Cello World Limited IPO indicates a positive sentiment among investors. The Grey Market Premium is the difference between the IPO price and the price at which shares are being traded in the unofficial market before the listing. As per market reports, the GMP for Cello World Limited IPO is showing an upward trend, indicating strong demand and investor confidence in the company’s prospects. This suggests that investors believe in the potential growth of Cello World Limited and are willing to pay a premium to acquire its shares. It will be interesting to see how this momentum translates into the actual listing and subsequent performance of Cello World Limited in the stock market.

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