India Press Dispatch
Buisness

Check IPO Dates, Size, and Quota for Cello World, Which Will Launch Next Week.

<p>On October 30, the producer of home goods and stationery Cello World Ltd will begin its Rs 1,900 crore maiden share offer for public subscription. According to the red herring prospectus, the first public issuance will end on November 1 and the anchor book of the offer will be available for a day on October 27.<img decoding=”async” class=”alignnone wp-image-249488″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-over-collisions-in-the-south-china-sea-the-philippines-summons-the-chinese-ambassa.jpg” alt=”theindiaprint.com over collisions in the south china sea the philippines summons the chinese ambassa” width=”1412″ height=”791″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-over-collisions-in-the-south-china-sea-the-philippines-summons-the-chinese-ambassa.jpg 300w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-over-collisions-in-the-south-china-sea-the-philippines-summons-the-chinese-ambassa-150×84.jpg 150w” sizes=”(max-width: 1412px) 100vw, 1412px” title=”Check IPO Dates, Size, and Quota for Cello World, Which Will Launch Next Week. 3″></p>
<p>With no new issuance of equity share component, the offering is a full offer for sale (OFS) by the promoters and other selling shareholders. The sale includes a reserve of up to Rs 10 crore worth of shares for purchase by qualified workers. Sangeeta Pradeep Rathod, Babita Pankaj Rathod, Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod, and Ruchi Gaurav Rathod all sold equity shares as part of the OFS.</p>
<p>Cello World, a company established in Mumbai, offers items in the following three core categories: stationery, molded furniture, and consumer houseware. Under the “Cello” brand, it entered the glassware and opal ware market in 2017.</p>
<p>At the end of March 2023, the firm will have 13 production sites spread across five distinct cities: Daman, Haridwar (Uttarakhand), Baddi (Himachal Pradesh), Chennai (Tamil Nadu), and Kolkata (West Bengal). Additionally, it is now establishing a glassware production factory in Rajasthan.</p>
<p>For the fiscal year 2023, the company’s consolidated income from operations climbed 32.2% to Rs 1,796.69 crore from Rs 1,359.18 crore the previous year. Additionally, its net profit increased 30% to Rs 285 crore in FY23 from Rs 219.52 crore the year before. The book-running lead managers are Motilal Oswal Investment Advisors Ltd., ICICI Securities Ltd., IIFL Securities Ltd., JM Financial Ltd., and Kotak Mahindra Capital Company Ltd.</p>
<p>It is suggested that the shares list on the BSE and NSE.</p>

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