Cello World Limited IPO

Cello World IPO will open for subscription from 30 October 2023. The company aims for an issue size of ₹1,900 Cr through this IPO.

Company Overview

Full nameCello World Limited
SectorFast Moving Consumer Goods
IndustryHousehold & Personal Products
Company Websitehttps://celloworld.com/

About Company

Incorporated in 2018, Cello World is a popular Indian consumer products company. It is a leading company with a presence in consumer houseware, writing instruments and stationery, and molded furniture and allied products categories, and is amongst the largest brands in the Indian consumer ware market.

The company has a track record of scaling up new businesses and product categories. Cello launched its glassware and opalware business in 2017 under the ‘Cello’ brand, also launched the writing instruments and stationery product category in 2019 under the ‘Unomax’ brand, and launched its cleaning aids business in 2017 under the ‘Kleeno’ sub-brand (under the ‘Cello’ brand). As of 30 June 2023, Cello World offered 15,891 stock-keeping units (SKUs 1) across its product categories.

As of 30 June 2023, Cello World owns and operates 13 manufacturing facilities across five locations, with an installed annual capacity of 57.77 million units of consumer houseware products per annum, 15,000 tonnes of opal ware, and glassware per annum, 705 million units of writing instruments and stationery products per annum and 12.8 million units of molded furniture and allied products, and its quality control team comprised 59 employees.

The Objectives of the Issue

  • The company will not receive any proceeds from the Offer.

IPO Timetable

IPO Opening date30 October 2023
IPO Closing01 November 2023
Basis of Allotment06 November 2023
Initiation Refund07 November 2023
Credit to Demat Account08 November 2023
Listing Date09 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 1, 2023)

Cello World IPO details

Issue typeBook Built Issue IPO
IPO issue size₹1,900 Cr – 29,320,987 shares
Fresh Issue₹1,900 Cr – 29,320,987 shares
Offer for saleNil
Face value₹05 per share
Price Band ₹617 to ₹648 per share
Lot size23 Shares
Employee Discount₹61 per share
Shareholding pre-issue195,000,000
Shareholding post-issue212,231,034
Listing ExchangeBSE & NSE

Cello World IPO Lot Size

Retail (Min)123₹14,904
Retail (Max)13299₹193,752
S-HNI (Min)14322₹208,656
S-HNI (Max)671,541₹998,568
B-HNI (Min)681,564₹1,013,472

Cello World IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Cello World Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2023
Net income165.55219.52285.0682.83
Margin (%)15.7716.1515.8717.56
(Amount in ₹ Crores )

Cello World Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)52.2145.9423.17
ROCE (%)58.7340.9244.48
EBITDA (%)27.3425.7124.34

Company Promoters

  • Pradeep Ghisulal Rathod
  • Pankaj Ghisulal Rathodand Gaurav Pradeep Rathod.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding91.8%

Lead Manager(s)

  • Kotak Mahindra Capital Company Limited
  • ICICI Securities Limited
  • IIFL Securities Ltd
  • Jm Financial Limited
  • Motilal Oswal Investment Advisors Limited

Cello World Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: celloworld.ipo@linkintime.co.in
Website: www.linkintime.co.in

Company Contact Details

Cello House, Corporate Avenue, B Wing, 8th Floor,
Sonawala Road, Goregaon (East), Mumbai – 400 063, Maharashtra
Phone: +91 22 2685 1027
Email: grievance@celloworld.com
Website: www.celloworld.com

Cello World IPO Allotment Status

Cello World IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Final thoughts

Cello World IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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