Cello World IPO: The preliminary public providing (IPO) of family merchandise and stationery producer Cello World has obtained a whopping 38.90 occasions subscription on the ultimate day of bidding. The Rs 1,900-crore IPO obtained bids for 85,83,10,665 shares as in opposition to 2,20,61,947 shares on supply.
The class for non-institutional traders was subscribed 24.42 occasions, whereas the retail particular person traders (RIIs) portion obtained 4.06 occasions subscription. The quota for certified institutional consumers (QIBs) obtained subscribed 108.57 occasions.
Cello World IPO’s allotment will happen on November 6, and the itemizing is prone to happen on November 9.
Cello World IPO GMP Today
According to market observers, unlisted shares of Cello World Ltd stay Rs 160 greater within the gray market as in comparison with its difficulty worth. The Rs 160 gray market premium or GMP is about 24.69 per cent greater than its higher difficulty worth of Rs 648 per share. This means the gray market is anticipating a 24.69 per cent itemizing acquire from the general public difficulty.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
How To Check IPO Allotment Status
1. Visit https://www.bseindia.com/investors/appli_check.aspx
2. Under the problem kind, click on Equity
3. Under the problem identify, choose Cello World Ltd
4. Write the applying quantity
5. Add the PAN card ID
6. Click on ‘I am not a Robot’ and hit submit
About Cello World IPO
The difficulty was a whole supply on the market (OFS) by promoters and different promoting shareholders, with no recent difficulty of fairness share part.
Cello World collected Rs 567 crore from anchor traders forward of the IPO. The firm raised the scale of its IPO dimension to Rs 1,900 crore from Rs 1,750 deliberate earlier. The IPO worth was mounted at Rs 617-Rs 648 per share.
The supply included a reservation of shares price as much as Rs 10 crore for subscription by eligible staff.
The OFS comprised the sale of fairness shares by Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Pradeep Ghisulal Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod and Ruchi Gaurav Rathod.
The Mumbai-based Cello World has a product portfolio throughout three key classes — shopper houseware, writing devices and stationery, and moulded furnishings and associated merchandise.
Kotak Mahindra Capital Company, ICICI Securities, IIFL Securities, JM Financial and Motilal Oswal Investment Advisors are the managers to the supply. The shares are proposed to be listed on BSE and NSE.
