Cello World IPO Closes Today: Check Latest GMP, Subscription Status – News18

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Cello World IPO Closes Today: Check Latest GMP, Subscription Status – News18


Cello World IPO: The preliminary public providing (IPO) of family merchandise and stationery producer Cello World goes to shut right this moment, Wednesday. Till 11:42 am on the ultimate day of bidding, the Rs 1,900-crore IPO has been subscribed 2.66 occasions, receiving bids for five,85,94,892 shares as towards 2,20,61,947 shares on supply.

The class for non-institutional buyers was subscribed 8.55 occasions whereas the retail particular person buyers (RIIs) portion acquired 1.57 occasions subscription. The quota for certified institutional consumers (QIBs) received subscribed 0.34 occasions.

Cello World IPO’s allotment will happen on November 6, and the itemizing is more likely to happen on November 9.

Cello World IPO GMP Today

According to market observers, unlisted shares of Cello World Ltd stay Rs 133 greater within the gray market as in comparison with its challenge worth. The Rs 133 gray market premium or GMP is about 20.52 per cent greater than its higher challenge worth of Rs 648 per share. This means the gray market is anticipating a 20.52 per cent itemizing acquire from the general public challenge.

‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty worth.

About Cello World IPO

The challenge is an entire supply on the market (OFS) by promoters and different promoting shareholders, with no recent challenge of fairness share element.

Cello World has collected Rs 567 crore from anchor buyers. The firm has raised the scale of its IPO dimension to Rs 1,900 crore from Rs 1,750 deliberate earlier. The IPO worth has been mounted at Rs 617-Rs 648 per share.

The supply features a reservation of shares value as much as Rs 10 crore for subscription by eligible workers.

The OFS includes 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.



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