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Cello World IPO

Cello World IPO

  • Status: Closed
  • RHP:
  • ₹ 14,191 / 23 shares

    Minimum Investment

IPO Details

  • Open Date

    30 Oct 2023

  • Close Date

    01 Nov 2023

  • IPO Price Range

    ₹ 617 to ₹ 648

  • IPO Size

    ₹ 1900 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    09 Nov 2023

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IPO Timeline

Cello World IPO Subscription Status

Last Updated: 03 November 2023 12:24 PM by 5Paisa

Cello World Limited IPO is all set to open from 30th October to 1st November 2023. The company is a popular consumer product brand in India. The IPO includes an Offer for Sale (OFS) of 29,320,987 equity shares worth ₹1900.00 cr. There is no fresh issue of shares. The share allotment date is 6th November, and the IPO will be listed on 9th November on the stock exchanges. The price band is ₹617 to ₹648 per share and the lot size is 23 shares.    

Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Cello World IPO:

The company will not receive any proceeds from the Offer. The entire Offer Proceeds will be received by the Selling Shareholders.
 

Cello World IPO Video:

 

Cello World Limited is a popular consumer product brand in India. The company has three primary categories: i) writing instruments and stationery, ii) molded furniture iii) consumer housewares along with related products. As of June 30, 2023, Cello World has an extensive product range of 15,891 stock-keeping units ("SKU"). 

Cello has 60+ years of experience in the consumer product industry and possesses a deep understanding of consumer preferences and choices. The company operates 13 manufacturing units spread across 5 different locations in India. 

Additionally, the company also has a high-end glass manufacturing unit in Rajasthan, equipped with European machinery, to enhance productivity and manufacturing capacity.

Peer Comparison
There are no listed peers in India engaged in a similar business.

For More Information:
Webstory on Cello World IPO
Cello World IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 1796.69 1359.17 1049.45
EBITDA 437.27 349.50 286.87
PAT 285.05 219.52 165.54
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 1551.69 1333.66 1146.51
Share Capital 97.50 0.01 0.01
Total Borrowings 1015.30 1060.88 1081.07
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 227.36 187.26 193.61
Net cash from / (used in) investing activities -556.83 -261.81 -53.23
Net cash flow from / (used in) financing activities 323.81 94.10 -132.81
Net increase (decrease) in cash and cash equivalents -5.65 19.56 7.56


Strengths

1.    The company has a well-established brand name and a strong market position in India.
2.    Diversified product portfolio across price points catering to diverse consumer requirements.
3.    Track record of scaling up new businesses and product categories.
4.    Pan-India distribution network with a presence across multiple channels.
5.    Ability to manufacture a diverse range of products and maintain optimal inventory levels.
6.    Strong historical financial results.
7.    Skilled and experienced management team.
 

Risks

1.    Any fluctuations in raw material prices, especially plastic granules and plastic polymer prices, and disruptions in their availability can impact the business. 
2.    The business is subject to seasonality.
3.    The business may be adversely impacted by the sale of counterfeit products and passing-off which may reduce the sales and harm the brand.
 

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FAQs

The minimum lot size of Cello World IPO is 23 shares and the investment required is ₹14,191.

The price band of Cello World IPO is ₹617 to ₹648.

Cello World is open from 30th October to 1st November 2023.
 

The size of Cello World IPO is ₹1900.00, which includes an Offer for Sale (OFS) of 29,320,987 equity shares. 

The share allotment date of Cello World IPO is 6th of November 2023.

The Cello World IPO will be listed on 9th of November 2023.

Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers for Cello World IPO.

Cello World will not receive any proceeds from the Offer. The entire Offer Proceeds will be received by the Selling Shareholders.
 

To apply for Cello World IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Cello World IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.