IPO Details
Bidding Dates
30 Oct '23 - 01 Nov '23
Minimum Investment
₹14,904 / 1 Lots ( 23 Shares )
Price Range
₹617 - ₹648
Maximum Investment
₹193,752 / 13 Lots ( 299 Shares )
Retail Discount
Not Applicable
Issue Size
₹1,900.00 Cr
Investor category and sub category
Retail Individual Bidders | Qualified Institutional Buyers | Non-Institutional Bidders |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Oct 30, 2023
IPO Closing Date
Nov 1, 2023
Basis of Allotment
Nov 6, 2023
Initiation of Refunds
Nov 7, 2023
Credit of Shares to Demat Account
Nov 8, 2023
IPO Listing Date
Nov 9, 2023
UPI Mandate Expiry Date
Nov 1, 2023
Cello World IPO Subscription Details
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1Oct 30, 2023 |
0.02x | 0.99x | 0.38x | 0.45x | 0.41x |
Day 2Oct 31, 2023 |
0.05x | 4.58x | 1.11x | 1.34x | 1.55x |
Day 3Nov 1, 2023 |
122.20x | 25.65x | 3.21x | 2.74x | 41.69x |
Cello World IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 122.20 |
| Non-Institutional Buyers | 25.65 |
| Retail Investors | 3.21 |
| Employees | 2.74 |
| Total | 41.69 |
About Cello World Ltd
Cello World is a leading company in India’s consumerware industry, with a presence in consumer houseware, writing instruments and stationery, and moulded furniture and allied products categories.
A large portion of their revenue comes from their in-house manufacturing operations, aggregated to 79.37% of their total revenue from operations for FY 2023. The remaining products (mostly steel and glassware products) are outsourced from third-party contract manufacturers. As of March 31, 2023, they own/lease and operate 13 manufacturing facilities across five locations in India. They are also currently establishing a glassware manufacturing facility in Rajasthan.
The Indian consumerware market was valued at ₹34,800 crore in FY 2022. In FY 2020-22, the market grew at a CAGR of 6.9%. It is expected to reach ₹56,500 crore in FY 2027, growing at a CAGR of 10.2% in FY 2022-2027. Various factors behind this growth are increasing disposable income, the nuclearisation of families, and the growing demand for organised and functional kitchen spaces. The growth in the Indian consumerware market is expected to help the branded products of Cello World to increase sales in the coming years.
Cello World Limited IPO Details
Cello World Limited IPO Date
Cello World Limited's IPO is a 100% offer for sale (OFS). The OFS comprises 2,93,20,987 shares of ₹5 aggregating up to ₹1,900.00 Cr. Cello World Limited’s IPO will be listed on the BSE and NSE on November 09, 2023. It is a book-built issue IPO.
Cello World Limited IPO Price Band
The price range of the IPO has been fixed at ₹617 to ₹648 per share.
Cello World Limited IPO Lot Size
The Cello World Limited IPO lot size is 23 shares, and the minimum investment will be ₹14,904.
Cello World Limited IPO Objectives
The proceeds raised from the offer will be received by the respective selling shareholders in proportion to the equity shares offered by them in the offer for sale. The company will not receive any proceeds from the offer.
Peer Details
As per DRHP, Cello World Limited has the following listed peers:
- Borosil Limited
- Kokuyo Camlin Limited
- La Opala RG Limited
- Stove Kraft Limited
- TTK Prestige Limited
- Linc Limited
- Hawkins Cookers Limited
How To Check the Allotment Status of the Cello World Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Cello World Limited
Registered office: 597/2A, Somnath Road, Dabhel, Nani Daman–396 210, Daman and Diu, India
Phone: +91 22 2685 1027
E-mail:grievance@celloworld.com
Company Financials
| Particulars | Period Ending on June 30, 2023 ( ₹ Cr. ) | Period Ending on March 31, 2023 ( ₹ Cr. ) | Period Ending on March 31, 2022 ( ₹ Cr. ) |
|---|---|---|---|
| Total Income | 479.88 | 1,813.44 | 1,375.11 |
| Profit After Tax (PAT) | 82.83 | 285.06 | 219.52 |
| Assets | 1,686.05 | 1,551.69 | 1,333.66 |
| Total Borrowings | 328.64 | 335.11 | 462.91 |
Know before investing
Strengths
3-
Their massive pan-India distributor network and the feedback they get from this network allow them to launch products that have product-market fit at a large scale. Hence, they have a large array of products sold at different price points.
-
They have a track record of scaling up new businesses and product categories. For example, they scaled their glassware and opalware business from ₹148.35 crore in FY 2021 to ₹228.98 crore in FY 2022. They also scaled their writing instrument and stationery business from ₹111.38 crore in FY 2021 to ₹284.99 crore in FY 2023.
-
They have developed capabilities in a wide range of products, both in manufacturing and distribution. Product categories include houseware, electronic appliances, cleaning tools and kitchenware.
Risks
3-
They source their raw materials on a purchase-order basis and do not enter into long-term contracts with raw material suppliers. Thus, their profits are susceptible to fluctuations in raw material prices.
-
Revenues from more scalable avenues, such as exports and online sales, constitute only around 15% of their sales. Over 80% of their sales come from their network of distributors, which makes the company dependent on good relations with distributors.
-
They do not own the trademark for their key brands, including “Cello”, “Unomax”, “Kleeno”, “Puro”, and the respective logos. In fact, the “Cello” brand name is also used by one of its competitors for its writing instruments business. This puts them at risk of their product being copied and sold under their brand name.
Over-Subscribed41.69 times
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Over-Subscribed41.69 times
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Cello World Ltd IPO FAQs
Cello World Limited’s IPO is a 100% offer for sale (OFS). The OFS comprises 2,93,20,987 shares of ₹5 aggregating up to ₹1,900.00 Cr. The price range of the IPO has been decided at ₹617 to ₹648 per share.
The Basis of Allotment will be done on November 06, 2023.
The IPO subscription window will open on October 30, 2023.
Retail investors can apply for a minimum of one lot containing 23 shares.
Cello World Limited IPO will be listed on BSE and NSE. The date of listing is November 09, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
