About Cello World Limited
Incorporated in 2018, Cello World Limited is a prominent player in the consumerware market in India. It offers its products across three categories, i.e., consumer houseware, writing instruments and stationery, and moulded furniture and allied products.
The company sells products such as houseware, insulatedware, electronic appliances and cookware, cleaning aids, opalware, and glassware under the consumer houseware category. Similarly, writing instruments and stationery products are marketed under the brand name of Unomax. Meanwhile, moulded furniture and allied products are manufactured under Wim Plast Limited.
As of 30 June 2023, these products are manufactured in 13 manufacturing facilities across five locations in India. The revenue generated by products from the company’s in-house manufacturing accounted for 79% of its total income from operations in FY23. The remaining products, mainly steel and glassware, are manufactured by third-party contract manufacturers. However, a glassware manufacturing facility is being established in Rajasthan.
Large scale manufacturing and supply chain management, helps the company benefit from economies of scale. Further, through technology use, the company is able to maintain optimal inventory levels across its manufacturing facilities.
The company operates a strong pan-India distribution network. As of 30 June 2023, the company's consumer houseware as well as writing instruments and stationery products are available in more than 50,000 retail shops across India.
Between FY21 and FY23, the company has seen a CAGR rise of over 19% in both its revenue from operations and net profit. During the same period, its EBITDA margin was in the range of 24% to 27%. In FY23, the consumer houseware category contributed over 64% to overall revenue, while moulded furniture business made up 23.4% of total revenue.
Additionally, the Indian consumerware market is expected to grow at a CAGR of 10% between FY22 and FY27 owing to factors such as increasing disposable income, the nuclearization of families, and growing demand for organised and functional kitchen spaces. All of this could be beneficial for the company.
And now, Cello World Limited is coming out with its initial public offer (IPO). The entire IPO will be an offer for sale and the respective selling shareholders will receive all the offer proceeds. Its shares will be listed on the NSE and the BSE.
Here are key details about the Cello World Limited IPO:
Here’s a quick look at Cello World Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Cello World Limited IPO details
|Cello World IPO opening date
According to the offer document filed by the company with the SEBI, the Cello World IPO’s opening date – in other words, the Cello World IPO launch date – will be 30th October 2023. The Cello World IPO closing date is 1st November 2023. After this, investors will be updated about the allotment status on 6th November 2023.Investors, who have been allotted shares, can expect them to be credited to their demat account on 8th November 2023. The Cello World IPO listing date is 9th November 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
|Cello World Limited IPO Price Band
The entire IPO is an offer for sale. The Cello World IPO price band has been set between ₹617 and ₹648 per share. Interested investors can choose a price within this band to apply for the IPO.The Cello World IPO listing price will be determined on 9th November 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
|Cello World Limited IPO Lot size
The Cello World Limited IPO details haven’t been declared. Hence, the Cello World Limited IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Cello World Limited IPO issue size could be around ₹550 crore.
How to pre-apply for the Cello World Limited IPO?
You can pre-apply for the Cello World Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the Cello World Limited IPO?
If you are interested in this investment opportunity but unsure how to apply for the Cello World Limited IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Cello World Limited IPO on Upstox:
How to check the Cello World LimitedIPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Cello World Limited IPO allotment status:
Open a demat account with Upstox to apply for the Cello World Limited IPO
To apply for the Cello World Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Cello World Limited IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Cello World Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Cello World IPO means applying for this public issue before it goes live. Click here to pre-apply for the Cello World IPO on Upstox.
You can pre-apply for the Cello World IPO from 27 October2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Cello World IPO opens for the subscription.
The Cello World IPO launch date is 30th October 2023. The Cello World IPO will be open for subscription till 1st November 2023.
The Cello World lot size is 23 shares and the minimum investment required is ₹14,904.
The Cello World IPO price band is ₹617 – ₹648 per share.
The size of the Cello World IPO is approx. ₹1,900 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 8th November 2023.
Cello World shares will be on NSE and BSE.
Cello World shares’ listing date is 9th November 2023.