Cello World IPO Subscribed 38.90 Times On Final Day
The IPO has been subscribed 38.90 times as of 5:06 p.m. on Wednesday.
Cello World launched 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. The IPO was subscribed 38% on day 1 and 1.44 times on day 2.
Cello World Ltd. has raised Rs 567 crore from anchor investors ahead of its initial public offering next week.
The consumer housewares company allotted 87.5 lakh shares at Rs 648 apiece to 39 anchor investors.
The marquee investors include ICICI Prudential Life Insurance Co., SBI Life Insurance Co., HDFC Mutual Fund, Aditya Birla Sun Life Insurance Co., BNP Paribas Arbitrage, Morgan Stanley, Nomura, Motilal Oswal, Edelweiss and Goldman Sachs, among others.
Eight domestic mutual funds have applied through a total of 11 schemes, the company said in an exchange filing. They have collectively netted 27.9% of the anchor portion of Rs 158 crore.
ICICI Prudential, Aditya Birla Sun Life, and Motilal Oswal have secured an allocation of 5.26% each
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
Subscription Status: Day 3
The IPO has been subscribed 38.90 times as of 5:06 p.m. on Wednesday.
Institutional investors: 108.57 times
Non-institutional investors: 24.42 times
Retail investors: 3.06 times
Employee Reserved: 2.60 times
