Cello World is gearing up to launch its Initial Public Offering (IPO) on October 30, with the intention of raising a substantial ₹1900 crore...
Cello World is gearing up to launch its Initial Public Offering (IPO) on October 30, with the intention of raising a substantial ₹1900 crores through this offering. Cello World is a well-known Indian consumer product company with a strong presence in three key categories: writing instruments and stationery, molded furniture, and consumer housewares, along with related products. In the financial year 2023, the company posted impressive revenues of ₹1813.43 crores, reflecting substantial growth from ₹1375.10 crores in 2022.
- The IPO price band has been established at ₹617 to ₹648 per Equity Share, making it accessible to a broad range of investors. Cello World's IPO is set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), offering investors dual market access.
- The Grey Market Premium (GMP) for Cello World's IPO presently stands at ₹100, indicating a notable level of investor interest and potential demand for the offering.
- As for the Kostak Rate for Cello World's IPO, it stands at ₹-, reflecting the prevailing demand stability in the grey market.
- For those considering subject-to-sauda trading in the Cello World IPO, the rates are currently at ₹-, suggesting a dynamic market with changing conditions.
- Investors are keeping a watchful eye on the expected return of 15% from the Cello World IPO, underlining optimism about the company's growth prospects and market reception.
Cello World IPO GMP Live Rates day by day
Great! I got the allotment. Excited to see premium on listing!
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