Cello World IPO

Cello World Limited

₹14,191 /23 sharesMinimum Investment

Cello World IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹648.00₹829.00₹181.00 (27.93%)

Cello World IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Oct ‘23 - 1 Nov ‘23₹14,19123₹617 - ₹648
Issue SizeIPO Doc
1900.00Cr
RHP PDF

Subscription Status As on 01 Nov '23, 5:25 PM

  • Qualified Institutional Buyers
    108.57x
  • Non-Institutional Investor
    24.42x
  • Retail Individual Investor
    3.06x
  • Employees
    2.60x
  • Total
    38.90x

About Cello World

Cello World, established in 2018, has a strong connection with the 'Cello' brand dating back to 1962 through its promoters, Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod, whose father, Late Ghisulal Dhanraj Rathod, was associated with Cello Plastic Industrial Works ("CPIW"). Cello World now offers a wide range of contemporary products across various categories, materials, and price points to meet diverse consumer requirements. Cello World specializes in trading houseware, insulated ware, electronic appliances, and cleaning aids products. While the majority of the products are manufactured by their subsidiaries, some are produced by third-party manufacturers. Additionally, certain subsidiaries sell their products directly, while others distribute them through Cello World. ;
Parent Organisation
Cello World Limited
Founded
2018
Managing Director
Mr. Pradeep Ghisulal Rathod

Strengths & Risks

  • Cello World was recognized in 2021 as one of India's trusted brands by Commerzify. They specialize in consumer houseware, writing instruments, stationery, and molded furniture.
  • With 13 manufacturing facilities located across India, as of June 30, 2023, they're expanding with a new glassware facility in Rajasthan.
  • Offering 15,891 different product variants within their three main categories as of the same date, Cello World serves a diverse customer base, catering to various preferences and budgets.
  • In recent years, they've introduced numerous new products, with 397, 169, and 380 in 2021, 2022, and 2023, and 55 and 50 in the first three months of June 2022 and June 2023, respectively.
  • Their product range spans materials like plastic, steel, opal, glass, copper, and melamine.
  • Cello World recorded revenue growth, increasing from Rs. 1049.5 crore in 2021 to Rs. 1359.2 crore in 2022 and Rs. 1796.7 crore in 2023.
  • Cello World is vulnerable to changes in the prices of raw materials, particularly plastic granules and plastic polymers. If these materials become more expensive or harder to obtain, it could negatively impact its business, financial condition, and cash flow.
  • Cello World relies on its distribution network in India and abroad to sell its products. Any disruption in this network could adversely affect the company's business, financial results, and cash flow.
  • The company sources certain products, such as steel and glassware, from third-party contract manufacturers, primarily based in China. This reliance on external manufacturers exposes Cello World to potential risks that, if realized, could harm its business and financial standing.
  • Cello World won't receive any proceeds from the Offer; instead, these funds will go directly to the selling shareholders.
  • The construction of the Rajasthan Glassware Unit, scheduled for completion in 2025, may face delays. After its construction, there might be challenges in ramping up production and maintaining quality standards, which could impact the company's operations.
  • Cello World has contingent liabilities and commitments, which could adversely impact its financial condition if they materialize.
  • The company, its promoters, directors, subsidiaries, and group companies are involved in pending litigation. An adverse outcome in these legal matters could affect the company's business, financial results, cash flow, and financial condition.
  • Cello World and its subsidiaries have received unsecured, interest-free loans from promoters and certain members of the Promoter Group, amounting to Rs. 290.75 crore as of September 30, 2023. These loans are repayable on demand and can be recalled at any time by the lenders, posing a financial risk.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular617 - 648₹2 Lakh
Employee556 - 587₹2 Lakh
High Networth Individual617 - 648₹2 - 5 Lakh
For Cello World IPO, eligible investors can apply as Regular & Employee.
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.5.2
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ

ABOUT GROWW