Cello World is into Consumer Consumerware and is looking raise funds through Offer for Sale
Cello World IPO Update:
Cello World Limited IPO: Mumbai based Cello World Limited established in the year 2018 and is into Consumer - Consumerware sector.
Company is promoted by Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod. Pre-Offer Promoter and Promoter group stake in the company is 91.88%.
Cello World Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR Crores calculated on upper price band (face value of INR 5 per share) via initial public offering.
Initial Public Offer comprising of a Offer for Sale of Equity Shares aggregating up to Rs. 1,750 crores. Kotak Mahindra Capital, ICICI Securities, IIFL Securities, JM Financial, Motial Oswal Investment Advisors have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 617 to Rs 648 with lot size of 23 shares and in multiples thereof. Objects of the issue is 1) achieve the benefits of listing the Equity Shares on the Stock Exchanges, and 2) carry out the Offer for Sale of Equity Shares aggregating up to Rs. 1,750 crores by the selling shareholders..
IPO Dates:
IPO will open on October 30, 2023 and close on October 30, 2023. Tentative date of listing on stock exchanges is November 09, 2023
Want to know more details about the IPO, please visit here Cello World Limited
Source: SEBI, BSE, NSE, DRHP, Cello World, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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