Cello World Ltd's initial public offering (IPO) is slated to take place from October 30 to November 1, with the anchor book opening on October 27. The shares have been priced between Rs 617 and Rs 648 per share, bringing the company's total value to Rs 1,900 crore. The Rathod family members, as promoters, will be participating in this offering.
The company has reserved shares worth Rs 10 crore for employee subscriptions. The IPO will be managed by firms such as Kotak Mahindra and ICICI Securities. Following the IPO, the shares will be listed on both BSE and NSE.
Cello World Ltd boasts a diverse product range including consumer houseware, stationery, molded furniture as well as glassware and opal ware under the 'Cello' brand. With its operations spread across five locations in India, the company runs 13 manufacturing facilities including a glassware facility in Rajasthan.
In the financial year of 2023, Cello World reported a net profit growth of 30%. This financial performance is expected to attract investors during the upcoming IPO.
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