Cello World IPO subscribed 37% on Day 1. Check GMP and other details

Posted on:
Key Points

Investors can bid for a minimum of 23 shares in one lot and in multiples thereafter.Agencies..

The initial public offer (IPO) of Cello World was subscribed 37% so far on the first day of the bidding process...

Most analysts advised investors to subscribe to the IPO over the company's strong brand identity and diverse product portfolio across different categories...

Under the OFS, promoters Pradeep Ghisulal, Pankaj Ghisulal Gaurav Pradeep and selling shareholders Samgeeta Pradeep, Bibita Pankaj, Ruchi Gaurav Rathod will offload their partial stakes in the company...

Net proceeds from the IPO will entirely go to the selling shareholders.. Cello World's business is broadly divided into two categories, consumer houseware and consumer glassware..

You might be interested in

Cello World IPO opens: Check price band, GMP and other key details

30, Oct, 23

Cello World IPO: The public offering presents an opportunity for potential investors to acquire shares within a price range of Rs 617-648 per equity share, with a lot size of 23 shares and multiples thereafter.

Mamaearth IPO to open on October 31, price band announced

26, Oct, 23

Mamaearth IPO includes fresh issuance of shares worth up to Rs 365 crore and an offer for sale (OFS) of about 4.12 crore shares.

Cello World's Rs 1900 crore IPO opens on Monday. What GMP signals ahead of subscription?

29, Oct, 23

Mumbai-based Cello World boasts an extensive product portfolio across three key categories - consumer houseware, writing instruments and stationery, and moulded furniture and related products.

Cello World IPO opens on October 30, price band set at ₹617-648 per share

25, Oct, 23

Cello World IPO opens on Oct 30 and closes on Nov 1. Cello World IPO price band set at ₹617-648 per share Cello World IPO reserved 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.

HMA Agro Industries IPO: 10 things to know about the public offer

09, Jun, 23

HMA Agro Industries, a leading exporter of frozen buffalo meat in India, is set to launch its Rs 480 crore ($72m) initial share sale which opens on 20 June and closes on 23 June. The public offer comprises a fresh issue of equity shares up to Rs 150 crore and an offer for sale of Rs 330 crore by promoters and selling shareholders. The price band for the public offer has been set at Rs 555-585 per equity share, the upper end of which values the company at Rs 2,929 crore.

Mamaearth IPO opens for subscription: Should you bid or skip?

31, Oct, 23

The IPO of Mamaearth's parent company, Honasa Consumer Limited, has garnered mixed reaction from analysts. Here is all you need to know.

Nova Agritech IPO: Should you subscribe to this Rs 144-crore issue?

23, Jan, 24

Nova Agritech IPO comprises a fresh equity issue of Rs 112 crore and an offer-for-sale (OFS) of 77.58 lakh shares, The IPO opens today and closes on January 25. The company has fixed a price band of Rs 39-41 for the IPO and investors can bid for 365 shares in one lot. About 50% of the shares will be available for allocation to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and 35% to retail investors.

Happy Forgings IPO: Check GMP, brokerage views and subscription details

19, Dec, 23

Happy Forgings has set the price band for the IPO at Rs 808 to Rs 850 per equity share, aiming to raise Rs 1,008.59 crore. Here are some key details about the company's IPO.

Tata Technologies IPO: What grey market signals ahead of the issue launch

21, Nov, 23

Tata Tech IPO is entirely an offer for sale (OFS) of 6.08 crore shares, under which, Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund will offload their stakes. The IPO is priced in the range of Rs 475-500, where investors can bid for a minimum of 30 shares in one lot

Mamaearth, Cello World target Rs 3,600 cr next week in resilient IPO market

28, Oct, 23

Mumbai-based Cello World's IPO will open for subscription on October 30. The company has set a price band of Rs 617-648 per share. Honasa Consumer, which operates Mamaearth, has fixed a price band of Rs 308-324 per share for its IPO, which opens on October 31. At the upper end of the band, the company is valued at Rs 10,425 crore.