Cello World Limited IPO is Open for Application

Discover key details about Cello World Limited IPO- the opening and closing dates, price band, lot size, and more.

About Cello World Limited IPO

Founded in 1967, Cello World, a renowned Indian consumer product company, excels in writing instruments, furniture, and housewares.

IPO Details

IPO Date:  30th Oct – 1st Nov 2023 Total Issue Size:  Rs. 1,900 Crore Price Band:  ₹617 - ₹648 per share Lot Size:  23 Shares in each lot Allotment Date:  6th November 2023 Listing Date:  9th November 2023 Minimum Investment:  Rs 14,904

Strengths of the IPO

· Cello World, a market leader, boasts a strong brand and target audience presence. · Manages diverse products and optimal inventory levels. · Led by a skilled team with decades of experience, featuring a nationwide distribution network.

Risks Involved

· Price fluctuations in raw materials (plastic) can disrupt operations and financials. · Dependency on distributors for India and overseas sales affects revenue.

IPO Objective

· To achieve the benefits of listing to enhance the visibility and brand image. · The company will not receive any proceeds from the Offer.