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 name | Cello World Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Household & Personal Products |
| Company Website | https://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 date | 30 October 2023 |
| IPO Closing | 01 November 2023 |
| Basis of Allotment | 06 November 2023 |
| Initiation Refund | 07 November 2023 |
| Credit to Demat Account | 08 November 2023 |
| Listing Date | 09 November 2023 |
Cello World IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹1,900 Cr – 29,320,987 shares |
| Fresh Issue | ₹1,900 Cr – 29,320,987 shares |
| Offer for sale | Nil |
| Face value | ₹05 per share |
| Price Band | ₹617 to ₹648 per share |
| Lot size | 23 Shares |
| Employee Discount | ₹61 per share |
| Shareholding pre-issue | 195,000,000 |
| Shareholding post-issue | 212,231,034 |
| Listing Exchange | BSE & NSE |
Cello World IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,904 |
| Retail (Max) | 13 | 299 | ₹193,752 |
| S-HNI (Min) | 14 | 322 | ₹208,656 |
| S-HNI (Max) | 67 | 1,541 | ₹998,568 |
| B-HNI (Min) | 68 | 1,564 | ₹1,013,472 |
Cello World IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Cello World Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2023 | |
| Revenue | 1,049.46 | 1,359.18 | 1,796.70 | 471.78 |
| Expenses | 823.89 | 1,076.01 | 1,428.24 | 364.96 |
| Net income | 165.55 | 219.52 | 285.06 | 82.83 |
| Margin (%) | 15.77 | 16.15 | 15.87 | 17.56 |
Cello World Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 7.75 | 10.46 | 13.17 |
| PE ratio | – | – | – |
| RONW (%) | 52.21 | 45.94 | 23.17 |
| NAV | – | – | 56.84 |
| ROCE (%) | 58.73 | 40.92 | 44.48 |
| EBITDA (%) | 27.34 | 25.71 | 24.34 |
| Debt/Equity | 5.11 | 1.70 | 0.57 |
Company Promoters
- Pradeep Ghisulal Rathod
- Pankaj Ghisulal Rathodand Gaurav Pradeep Rathod.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 91.8% |
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
LINK INTIME INDIA PRIVATE LIMITED
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 WORLD LIMITED
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
