Cello World IPO: All You Need To Know

Cello World will launch its initial public offering on Oct. 30. The IPO issue will close on Nov. 1.

The consumer houseware's IPO comprises a offer for sales of 29,320,987 shares, amounting to up to Rs 1,900 crore. The company does not have any fresh issue.

Issue Details

• Issue Opens: Oct. 30

• Issue Closes: Nov. 1

• OFS Size: Rs 1,900 crore

• Total Issue Size: Rs 1,900 crore

• Price Band: Rs 617-648 per share

• Lot Size: 23 Shares

• Face Value: Rs 5 per share

• Listing: BSE and NSE

Business

Cello World primarily deals in three categories: stationery and writing instruments, molded furniture, consumer housewares, and associated goods.

Company own/lease and operate 13 manufacturing facilities across five locations in India, as of June 30, and is currently establishing a glassware manufacturing facility in Rajasthan. Company's manufacturing capabilities allow it to manufacture a diverse range of products in-house

Product Categories

• Consumer Houseware

• Writing Instruments and Stationery

• Moulded Furniture and Allied Products

• Fluctuations in raw material prices, especially plastic granules and plastic polymer prices, and disruptions in their availability may have an adverse effect on business

• Reliance on third-party contract manufacturers for some of the products subjects it to risks, which, if realised, could affect company's business.

• Company's business is subject to seasonality, which may contribute to fluctuations in its results of operations and financial condition.

• Company has contingent liabilities and commitments, and its financial condition could be adversely affected if these contingent liabilities or commitments materialize.

• If company is unable to maintain the existing level of capacity utilization rate at its manufacturing facilities, its margins and profitability may be adversely affected.