Cello World Limited Detail
Cello World Limited IPO is a book built issue of Rs 1,900.00 crores. The issue is entirely an offer for sale of 2.93 crore shares.
Cello World Limited IPO bidding started from October 30, 2023 and ended on November 1, 2023. The allotment for the Cello World Limited IPO is expected to be finalized on Monday, November 6, 2023. The shares got listed on BSE, NSE on November 6, 2023.
Cello World Limited IPO price band is set at ₹617 to ₹648 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹208,656, and for bNII, it is 68 lots (1,564 shares), amounting to ₹1,013,472.
The issue includes a reservation of up to 170,357 shares for employees offered at a discount of Rs 61 to the issue price.
About Cello World Limited
Cello World Limited is a famous Indian consumer product company mainly dealing in three categories such as writing instruments and stationery, molded furniture, consumer housewares and related products.
The company has an experience of more than 60 years in the field of consumer product industry which enables them to better understand consumer preferences and choices.
Cello World has 13 manufacturing units situated in 5 different locations in India. The company also aims to set up a glass manufacturing unit in Rajasthan with European made machinery to enable efficient productivity and enhanced manufacturing capacity.
As of March 31, 2023, the company has 15,841 stock-keeping units (“SKU”) across all product ranges.
As of March 31, 2023, the company’s national sales distribution team comprises of 683 members.
The core strength of the company lies in the following
Strong market position and branding
Diverse product ranges to meet the different requisitions of the customers.
The company has a track record of scaling up businesses and product categories.
Experienced Management team with domain expertise.
Cello World Share Price Target 2023 to 2030
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2023 | 798 | 828 |
| 2024 | 850 | 890 |
| 2025 | 860 | 1025 |
| 2026 | 900 | 1120 |
| 2027 | 1225 | 1290 |
| 2028 | 1250 | 1470 |
| 2029 | 1480 | 1600 |
| 2030 | 1370 | 1650 |
Cello World Share Price Target 2023
Talking about Cello World Share Price Target 2023, the first target can be easily achieved at Rs 798 and the second target at Rs 828.
Cello World Share Price Target 2024
Talking about Cello World Share Price Target 2024, the first target can be easily achieved at Rs 850 and the second target at Rs 890.
Cello World Share Price Target 2025
Talking about Cello World Share Price Target 2025, the first target can be easily achieved at Rs 860 and the second target at Rs 1025.
Cello World Share Price Target 2030
Talking about Cello World Share Price Target 2030, the first target can be easily achieved at Rs 1370 and the second target at Rs 1650.
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Disclaimer: This price prediction is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
