Cello World, incorporated on July 25, 2018, is a prominent player in the consumerware market in India. The company has a presence in the consumer houseware, writing instruments and stationery, moulded furniture and allied products, and consumer glassware categories.
| Bidding Dates |
|---|
| 30 Oct 2023 - 01 Nov 2023 |
| Subscription |
|---|
| 38.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,904 | 1 | 13 | 23 | 29.3 M | ₹617 - ₹648 | 86.18 % | ₹18091.0 M - ₹19000.0 M | RHP DOC |
Cello World IPO SUBSCRIPTION STATUS
01 Nov '23Cello World IPO overall subscription rate was 38.9 times the total available shares
Cello World IPO retail subscription rate was 3.06 times in the retail segment
Cello World IPO non-institutional investor subscription rate was 24.42 times in the non-institutional investor category
Cello World IPO Qualified Institutional Bidder subscription rate was 108.57 times the available shares for Qualified Institutional Bidder
Cello World IPO Employees subscription rate was 2.6 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
01 Nov 2023 (Day 3) | 3.06x | 24.42x | 108.57x | 2.6x |
31 Oct 2023 (Day 2) | 1.04x | 4.35x | 0.05x | 1.26x |
30 Oct 2023 (Day 1) | 0.35x | 0.94x | 0.02x | 0.42x |
Cello World FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 828.3 | 4,717.8 | 806.6 | 312.6 | 27% |
| Q1FY23 | 660.3 | 4,326.1 | 508.4 | 306.8 | 23.3% |
| FY23 | 2,850.6 | 17,967.0 | 2,273.6 | 1,241.4 | 24.3% |
| FY22 | 2,195.2 | 13,591.8 | 1,872.7 | 1,356.2 | 25.7% |
| FY21 | 1,655.5 | 10,494.6 | 1,936.1 | 1,687.7 | 27.3% |
Cello World IPO SUBSCRIPTION STATUS DETAILS
Cello World had 29.3 M shares on offer
Cello World IPO offer price was in the range ₹617 - ₹648
Cello World IPO minimum Investment was ₹14904
Cello World IPO issue size was ₹ 18091.0 M - ₹ 19000.0 M
Cello World had a minimum lot size of 23 Shares per application
Cello World NUMBER OF SHARES ON OFFER
Cello World IPO IMPORTANT DATES
| Issue Open Date | 30 Oct 2023 |
| Issue close Date | 01 Nov 2023 |
| Allotment Date | 02 Nov 2023 |
| Refund Date | 02 Nov 2023 |
| Demat Account Credit Date | 03 Nov 2023 |
| Listing Date | 06 Nov 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Cello World Allotment Status | Exchange |
Cello World IPO subscription opened on 30 Oct 2023, and closed on 01 Nov 2023
IPO allotment for Cello World was finalized on Thursday, 02 Nov 2023
IPO listing for Cello World was on NSE and BSE on Monday, 06 Nov 2023
Cello World IPO LISTING GAINS
| Issue Price (adjusted) | 648.0 |
| Listing Open Price | 829.0 |
| Listing Close Price | 791.7 |
| Listing Gain% | 27.9% |
| Current Gain% | -43.1% |
Cello World Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cello World Ltd. | 369 | 7830.3 | 26.1 | -5.2 | 3.5 | 14.5 | 11 | 2378.8 | 9.1 | 331.5 | -2.2 | 14.2 | -5 |
| Borosil Renewables Ltd. | 564.8 | 8010.7 | 20.9 | 0.1 | 5 | 8.5 | 7.1 | 1580.8 | 4.4 | 129.1 | 285.5 | 27 | 271.4 |
| Hawkins Cookers Ltd. | 8312.7 | 4395.6 | 32.4 | 1.9 | 3.3 | 29.5 | 19.1 | 1265.9 | 12.1 | 131.2 | 14.4 | 256.5 | 17.3 |
| Borosil Ltd. | 240.7 | 2878 | 38.5 | 66.5 | 2.4 | 8.4 | 5.8 | 1225.6 | 8 | 74.7 | 0.6 | 6.2 | 0.6 |
| La Opala RG Ltd. | 191.9 | 2130.2 | 23.1 | -5.2 | 6.9 | 11.2 | 10.3 | 341.3 | -10.1 | 92.3 | -4.4 | 8.3 | -4.4 |
| All Time Plastics Ltd. | 219.4 | 1437.1 | 41.9 | -1.5 | 2.3 | 5.8 | 4.5 | 617.3 | 10.4 | 35.4 | -25.1 | 5.2 | -28.4 |
Cello World INFORMATION ON IPO ISSUE
About Cello World
Cello World, incorporated on July 25, 2018, is a prominent player in the consumerware market in India. The company has a presence in the consumer houseware, writing instruments and stationery, moulded furniture and allied products, and consumer glassware categories.
Object of the Issue
- To achieve the benefits of listing the equity shares on the stock exchanges.
- To carry out the offer for sale of equity shares aggregating up to Rs 1900 crore by the selling shareholders.
Cello World - PROMOTERS
| Name |
|---|
| Pradeep Ghisulal Rathod |
| Pankaj Ghisulal Rathod |
| Gaurav Pradeep Rathod |
Cello World Book Running Lead Manager
Kotak Mahindra Capital Company Limited
celloworld.ipo@kotak.com
ICICI Securities Limited
celloworld.ipo@icicisecurities.com
IIFL Securities Limited
cello.ipo@iiflcap.com
JM Financial Limited
celloworld.ipo@jmfl.com
Motilal Oswal Investment Advisors Limited
cello.ipo@motilaloswal.com
Cello World Registrar to the Offer
Link Intime India Private Limited
celloworld.ipo@linkintime.co.in
Cello World Strengths
Well-established brand name
The brand 'Cello' was awarded as one of the most trusted brands in India in 2021. It is a prominent player in the consumerware market in India
Diversified product portfolio
The company has a diverse range of products across different product categories, types of material, and price points, enabling it to serve as a 'one-stop-shop,' with consumers across all income levels purchasing the products
Pan-India distribution network
The company's pan-India distribution network is one of the key reasons behind its efficient launch of new products in the past
Cello World Risks
Faces significant competition
The company faces significant competition which may lead to a reduction in market share, causing it to increase expenditure on advertising and marketing, as well as offer discounts, which may result in an adverse effect on the business
Dependent on the brand value
The brands that the company uses and its reputation are critical to the success of the business and may be adversely affected for various reasons
Contingent liabilities
The company has contingent liabilities and commitments, and its financial condition could be adversely affected if these contingent liabilities or commitments materialize
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,900.0 crore, of 29,320,987 shares.
The promoters of the company are Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod and Gaurav Pradeep Rathod.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 617.0 - 648.0.
The IPO application opens on Oct 30, 2023 and closes on Nov 01, 2023.
The minimum lot size for the IPO is 23. The maximum lot size for the IPO is 299.
For all category investors, the minimum application amount for this IPO is Rs. 14,904.0, the maximum value for this IPO is Rs 193,752.0.
This IPO will be allotted on Nov 02, 2023.
The refund will be credited to your account on Nov 02, 2023.
The allotted shares will be credited to your demat on Nov 03, 2023.
Cello World Ltd.’s shares listed on the stock exchanges on Nov 06, 2023.