Cello World : About the Compnay
Established in 2018, Cello World has a strong connection with the ‘Cello’ brand dating back to 1962. The company’s promoters, Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod, have a family history with Cello Plastic Industrial Works (CPIW), as their father, Late Ghisulal Dhanraj Rathod, was associated with it.Cello World now offers a wide range of contemporary products across various categories, materials, and price points to meet diverse consumer requirements. Cello World specializes in trading housewares, insulated ware, electronic appliances, and cleaning aids products. while their subsidiaries manufacture the majority of the products, some are produced by third-party manufacturers. Certain subsidiaries of the company sell their products directly, while others distribute them through Cello World.
Cello World : About the IPO
Cello World Limited’s IPO is a book-built issue worth ₹19000.00 Cr, consisting entirely of an offer for sale (OFS) of 2.93 Cr shares.
Cello World’s IPO subscription will be open from October 30th to November 1st, 2023. Its expected listing date on NSE and BSE is November 9th, 2023.
Cello World’s IPO price band has been set at ₹617 to ₹648 per share. The lot size for the retail section is 23 shares, with a minimum investment amount of ₹14,904 for retail investors.
The issue includes a reservation of up to 170,357 shares for employees offered at a discount of ₹61 to the issue size.
The IPO committee at its meeting held on Friday, October 27, 2023, in consultation with the book-running lead managers, has finalized the allocation of 87,49,999 equity shares to the Anchor Investors. Here’s a clearer version of the text you provided: “Here are the names of some of the anchor investors:”-
- ICICI Prudential Long Term Equity Fund Tax Saving.
- Motilal Oswal Long-Term Equity Fund
- HDFC Non-cyclical Consumer Fund
- Goldman Sachs India Equity Portfolio
- SBI LIFE Insurance CO. Ltd.
According to the market observers, Cello World shares are available at a premium of ₹110-120 (17%) per equity share in the grey market on October,30,2023.
Cello World Limited IPO Details :
| IPO DATE | Oct 30,2023 to Nov 01,2023 |
|---|---|
| Face Value | ₹5 per Equity Share |
| Price Band | ₹617-648 |
| Lot Size (Min. Amount) | 23 Shares (₹14,904/-) |
| Issue Size | OFS:29,320,987 shares of ₹5(₹1,900.00 Cr) |
| Listing at | NSE,BSE |
| Lead Manager | Kotak Mahindra Capital Ltd. ICICI Securities Ltd. IIFL Securities Ltd. JM Financial Ltd. Motilal Oswal Investment Advisors Ltd. |
| Registrar | Link Intime India Pvt. Ltd. |
Cello World Limited IPO Tentative Dates:
| EVENT | Tentative Date |
|---|---|
| Open Date | Oct 30,2023 |
| Close Date | Nov 01,2023 |
| Allotment Date | Nov 06,2023 |
| Initiation of Refund | Nov 07,2023 |
| Credit of Sahres to Demat | Nov 08,2023 |
| Listing Date | Nov 09,2023 |
Cello World Limited IPO Anchor Investors Details :
Cello World Limited has raised ₹567 crore from anchor investors before its IPO, which will be available for public subscription starting October 30, 2023. On Friday, October 27, 2023, the company announced the allocation of 8.75 million shares to anchor investors at ₹648 per share. Cello World Limited IPO Anchor Investors List.
| Bid Date | October , 27,2023 |
|---|---|
| Shares Offered | 8,749,999 |
| Anchor Portion size (in Cr.) | 567.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | December ,20,2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March ,24,2024 |
Cello World Limited Financial Snapshot :-
| Particulars(in Rs. Crores) | FY-2023 | FY-2022 | FY-2021 |
|---|---|---|---|
| Total Assests | 1,551.59 | 1,333.66 | 1,146.51 |
| Revenue from Operations | 1,813.44 | 1,375.11 | 1,059.58 |
| PAT | 285.06 | 219.52 | 165.55 |
| NET Worth | 665.73 | 444.04 | 289.59 |
| Reserve and Surplus | 238.75 | 87.26 | -107.04 |
| Debt | 335.11 | 462.91 | 334.07 |
Cello World Limited Strengths & Weakness :-
Strengths
- Cello World Limited is one of India’s trusted by Commerzify. Their area of expertise lies in manufacturing consumer goods such as housewares, writing instruments, stationery, and molded furniture.
- Their product range includes a wide variety of materials such as plastic, steel, opal, glass, copper, and melamine.
- with 13 manufacturing facilities located across India, as of June 30, 2023, they’re expanding with a new glassware facility in Rajasthan.
- In recent years, they have introduced several new products. By 2023, they plan to release a total of 825 products, with 397 in 2021, 169 in 2022, and 259 in 2023. In the first three months of June 2022 and June 2023, they plan to release 55 and 50 products respectively.
- Pan-India distribution network with a presence across multiple channels.
Weakness
- Cello World Limited won’t receive any proceeds from this IPO instead, these funds will go directly to the selling shareholders.
- Cello World has potential liabilities and commitments that could negatively affect its financial condition.
- The company, its promoters, directors, subsidiaries, and group companies in these legal matters could affect the company’s business, financial results, cash flow, and financial condition.
- Any fluctuations in raw material prices and disruptions in their availability can impact the business,
- The sale of counterfeit products and passing-off may harm the brand and reduce sales.
How to apply for Cello World Limited IPO:-
After analyzing all the risks, strengths, and finances of the company.If you think you should apply for this IPO, here are the steps that you need to follow:
- Log into your Upstox account,using your six-digit PIN.
- After logging in , click on “Discover”
- On the “Discover” tab, you will find the “Invest in IPO” section.
- Under the “Invest in IPO” section, look for the ‘Cyient DLM IPO‘ tab and click on it.
- Now fill in all the required information, like ‘bid price’ and ‘lot size’.
- Confirm and click on “Apply”.
- Accept the mandate on your UPI app.