Cello World IPO
Cello World IPO — date, price band, lot size & details 2023
Cello World listed on 6 Nov 2023 at ₹829, 27.9% above the ₹648 issue price.
Cello World makes consumer housewares, writing instruments and stationery, and moulded furniture under the Cello brand. Its total income was Rs 1,813.44 crore in FY2023.
Stock price
Cello World is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 30 Oct 2023
- Close 01 Nov 2023
- Allotment 02 Nov 2023
- Refund/credit 02 Nov 2023
- Listing 06 Nov 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Oct to 1 Nov, 2023 |
|---|---|
| Price Band | ₹617 – ₹648 |
| Face Value | ₹5 |
| Lot Size | 23 Shares |
| Issue Size | ₹1900 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 61.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,904 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 23 shares at the ₹648 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 23 | ₹14,904 |
| Retail (max) | 13 | 299 | ₹1,93,752 |
| S-HNI (min) | 14 | 322 | ₹2,08,656 |
| S-HNI (max) | 67 | 1,541 | ₹9,98,568 |
| B-HNI (min) | 68 | 1,564 | ₹10,13,472 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 1,059.58 crore in FY2021 to Rs 1,813.44 crore in FY2023.
- 02Profit after tax rose from Rs 165.55 crore in FY2021 to Rs 285.07 crore in FY2023.
- 03The source puts the PAT margin at 15.90%.
- 04Total borrowing fell from Rs 462.91 crore on 31 March 2022 to Rs 328.64 crore on 30 June 2023.
- 05It runs 13 manufacturing facilities and sells across 3 product divisions.
Risks · 5
- 01The whole Rs 1,900 crore issue was offer for sale, so no money went to the company.
- 02The pre-issue P/E was 48.25 at the upper band of Rs 648, based on EPS of Rs 13.43.
- 03Plastic and raw material prices drive costs, and housewares is a competitive market. Profit was Rs 82.83 crore in the three months to 30 June 2023.
- 04Writing instruments and stationery face pressure from digital use, and the source puts debt to equity at 0.62.
- 05Promoters and the promoter group held 91.88% before the issue and about 78.06% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Cello World offer document.
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,686.05 | 1,551.69 | 1,333.66 | 1,146.51 |
| Total Income | 479.88 | 1,813.44 | 1,375.11 | 1,059.58 |
| Profit After Tax | 82.83 | 285.07 | 219.52 | 165.55 |
| NET Worth | 1,226.56 | 665.73 | 444.04 | 289.59 |
| Total Borrowing | 328.64 | 335.11 | 462.91 | 334.07 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Cello World RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Cello World IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹13.43 | ₹15.61 |
| P/E Ratio (x) | 48.25 | 41.51 |
| Market Cap at Offer Price (₹ Cr) | ₹3,996.56 | ₹3,438.43 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹648 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Cello World IPO will be updated shortly.
About the company
Its range includes bottles, containers, jugs, buckets, sandwich makers, irons, dinner sets, ball pens, fountain pens, markers, chairs, tables, trolleys and stools.
On 30 June 2023 it owned or leased and operated 13 manufacturing facilities across five locations in India. It sells through wide networks of distributors and retailers across India for each division.
The IPO was Rs 1,900 crore and was entirely an offer for sale by the promoters and other family shareholders, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Cello World IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Motilal Oswal Investment Advisors
58 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
IIFL Capital Services Limited
116 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Cello World?
The current Grey Market Premium is ₹155, or 24% over the issue price.
What is the Cello World IPO price band?
₹617 to ₹648, on a face value of ₹5.
When is the allotment?
The basis of allotment is 2 November 2023, with listing on 6 November 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
