Cello World Limited IPO GMP price Today | Grey Markets Premium

Dear Investor, a new IPO is about to come into the markets named Cello World Limited IPO. Cello World Limited IPO is opening on 30 October 2023 and this IPO is going to close on 1 November 2023. Cello World Limited IPO allotment is on 6 November, refund is on 7 November, share credit in the demat account will be on 8 November and the listing of Cello World Limited IPO will be on 9 November. Cello World Limited IPO will be listed on BSE and NSE. Promoter holding of Cello World Limited IPO is 67%. Chanting is very good. Cello World Limited IPO Link is registered with Intime India Private Ltd.

Dear investors Check out Cello World Limited IPO GMP Today. We regularly update Grey Market Premium Today About all IPO. Cello World Limited’s IPO GMP today is ₹120. Cello World Limited IPO’s estimated listing price is ₹768 (cap price + today’s GMP).

Cello World Limited IPO Price, Lot Size

• Face Value: ₹5 per share
• Price Range: ₹617 to ₹648 per share
• Lot Size: 23
• Total Issue Size: 29,320,987 shares (aggregating up to ₹1,900.00 Cr)
• Fresh Issue: 29,320,987 shares of ₹5 (aggregating up to ₹1,900.00 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE

Cello World Limited IPO GMP Today Price | Gray Markets Price Today

Per the last update on October 30, 2023, at 11 AM, the latest GMP (Gray Markets Price) for Cello World Limited IPO is ₹120. The base price of the IPO is ₹648, with an estimated listing price of ₹768 (18.52%)   (cap price + today’s GMP). This suggests an expected profit per share of 18.52%.

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• Cello World Limited IPO Subscription Status

Cello World Limited IPO GMP Today

Date	GMP	Subject to Sauda	IPO Price	Estimated Listing Price
01-11-23	₹	21000	648	₹573 (13.47%)
31-10-23	₹	19600	648	₹570 (12.87%)
30-10-23	₹120	29400	648	₹768 (18.52%)
29-10-23	₹120	29400	648	₹768 (18.52%)
28-10-23	₹120	29400	648	₹768 (18.52%)

 

Cello World Limited IPO GMP estimates that the Share Price is ₹768 (GMP + IPO price)

Cello World Limited Limited Company Details

Cello World Limited, a renowned Indian consumer product company, operates across various sectors, with a significant presence in three main categories: writing instruments and stationery, molded furniture, and consumer housewares. With a rich history spanning over six decades, Cello World excels in understanding and catering to consumer preferences.

Key Highlights

Here are some key insights into Cello World Limited:

1. Diverse Product Categories: Cello World deals in a variety of product categories, including writing instruments, stationery, molded furniture, consumer housewares, and related items.
2. Manufacturing Prowess: The company boasts 13 manufacturing units strategically located across five different regions in India. In addition, it is in the process of establishing a glass manufacturing unit in Rajasthan, equipped with state-of-the-art European machinery to enhance efficiency and production capacity.
3. Extensive Product Range: As of March 31, 2023, Cello World offers an impressive 15,841 stock-keeping units (SKUs) across its various product ranges.
4. National Sales Team: Cello World’s national sales distribution team comprises 683 dedicated members, ensuring extensive reach and distribution across the country.
5. Core Strengths: The company’s strengths lie in its:
   • Market Position and Branding: Cello World maintains a strong market presence and brand recognition.
   • Product Diversification: Offering multiple product ranges to cater to diverse customer needs.
   • Scalability: Demonstrated ability to scale up businesses and product categories.
   • Experienced Management Team: Guided by an experienced management team with domain expertise.

Financial Performance

Cello World Limited’s financial performance for the fiscal year ending on March 31, 2023, displayed significant growth. The company’s revenue witnessed a robust 31.88% increase, while its profit after tax (PAT) surged by an impressive 29.85% compared to the previous fiscal year ending on March 31, 2022.

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