Cello World IPO price, GMP, Review, date, Allotment 2023

Cello World IPO description – cello world limited  is coming up with its Initial public offering. The IPO will be open for subscription on 30th October 2023

 

Cello World IPO – Details

 

IPO Open Date 30 October 2023
IPO Close Date 01 November 2023
Issue Type Book Built Issue IPO
Issue Size 2,93,20,988 Shares Worth ₹1900.00 Crore

Offer For Sale: 2,93,20,988 Shares Worth ₹1900.00 Crore

Face Value ₹5 per equity share
IPO Price ₹617 – ₹648
Min Order 23 Shares (1 Lot)
Employee Discount Rs 61
Listing At BSE, NSE
Register Link Intime India Private Ltd

 

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Cello World IPO – Price

 

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 1541 9,98,568
B-HNI (Min) 68 1564 10,13,472

 

Cello World IPO- about company 

 

Cello World is a famous Indian consumer product company mainly dealing in three categories such as writing instruments and stationery, molded furniture, consumer housewares and related products. 

The company has an experience of more than 60 years in the field of consumer product industry which enables them to better understand consumer preferences and choices.

Cello World has 13 manufacturing units situated in 5 different locations in India. The company also aims to set up a glass manufacturing unit in Rajasthan with European made machinery to enable efficient productivity and enhanced manufacturing capacity.

As of March 31, 2023, the company has 15,841 stock-keeping units (“SKU“) across all product ranges.

As of March 31, 2023, the company’s national sales distribution team comprises of 683 members.

 

Cello World IPO
Cello World IPO

 

Cello World IPO- industry overview 

 

The Global Consumerware market was valued at USD 106 Bn in CY 2022. This market has witnessed a steady growth over the years with market size increasing from to USD 98 Bn in CY 2020 to USD 106 Bn, growing at a CAGR of 4%. Various factors like increasing disposable income, changing consumer lifestyles, growing demand for modular kitchens and functional living spaces are further adding to the growth of the global Consumerware industry. Consequently, the market size is expected to reach USD 142 Bn in CY 2027 from USD 110 Bn in CY 2023 growing at a CAGR of 6.6%. 

Houseware: Hydration (Includes Bottles, jugs, flasks made of plastic, steel, glass, mix of materials, insulated etc.). Cookware (Includes Cooking range of pans, cookers etc made of steel, non-stick, cast iron etc). Insulated Ware (Includes casseroles made of plastic, steel, mix of materials). Lunchboxes (Made of plastic, steel, glass, mix of materials). Storage containers (Made of plastic, steel, glass, mix of materials). Small kitchen appliances (like food processors, OTG, toasters, grillers etc). Cleaning products (like mops, scrubs etc. not including cleaning chemicals/consumables). 

Glassware: Glass, opal, melamine, porcelain made–dinner sets, cups/mugs, bowls, bakeware, serving plates and glasses (Excluding glassware covered in Consumer houseware categories i.e. glass bottles, flasks, Insulated Ware, lunchboxes, containers.

 The key consumption markets in the Global Consumerware market are USA, Europe (Germany, UK, France dominate in Europe) and Asia Pacific (China being the dominant country in this region). The industry’s growth is driven by several factors common to these regions, such as increasing urbanization, rising disposable income, and the growth of e-commerce. 

 

Cello World Financial Performance

 

  FY 2021 FY 2022 FY 2023 Q1 FY 2024
Revenue 1,049.46 1,359.18 1,796.70 471.78
Expenses 823.89 1,076.01 1,428.24 364.96
Net income 165.55 219.52 285.06 82.83
Margin (%) 15.77 16.15 15.87    

17.56

Figures in INR Crores 

 

Cello World Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 7.75 10.46 13.17
PE ratio 46.85 – 49.20
RONW (%) 52.21 45.94 23.17
NAV 56.84
ROCE (%) 58.73 40.92 44.48
EBITDA (%) 27.34 25.71 24.34
Debt/Equity 5.11 1.70 0.57

*Compiled by IPO brain from Prospectus

 

Cello World IPO Prospectus

 

 

Cello World IPO -Competitive Strengths

 

  • Well-established brand name and strong market positions;
  • Diversified product portfolio across price points catering to diverse consumer requirements;
  • Track record of scaling up new businesses and product categories;
  • Pan-India distribution network with a presence across multiple channels;
  • Ability to manufacture a diverse range of products and maintain optimal inventory levels;
  • Skilled and experienced management team; and
  • Strong historical financial results.

 

Cello World IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
30 October 2023 120 500 1400

Cello World IPO Allotment Status

Cello World IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

 

Cello World IPO – Date Schedule

 

IPO Open Date 30 October 2023
IPO Close Date 01 November 2023
Basis of Allotment Date 06 November 2023
Initiation of Refund 07 November 2023
Credit of Shares to Demat Account 08 November 2023
IPO Listing Date 09 November 2023
Cut-off time for UPI mandate confirmation 5 PM on 01 November 2023

 

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