Cello World Ltd IPO
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Cello World Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 293.21 L | ₹ 293.21 L | ₹ 102.08 L | ₹ 1,170 L | BSE | ₹ 1900 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Oct, 23 | 01 Nov, 23 | 23 | ₹ 14,191 | Book Building | 06 Nov, 23 |
Cello World Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Trading |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 14583334 | 0 |
| NII | 0x | 4375000 | 0 |
| Retail | 0x | 10208333 | 0 |
| Employee | 0x | 154321 | 0 |
| Total | 0x | 29320988 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Cello World Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2,000.26 | 1,796.70 | 1,359.18 |
| EBITDA | 89.66 | 55.07 | 53.91 |
| PAT | 62.08 | 38.06 | 38.96 |
| Total Assets | 761.59 | 529.86 | 333.58 |
| Share Capital | 106.12 | 97.50 | 0.01 |
| Total Borrowings | 266.41 | 122.06 | 7.38 |
| Operating Activities (Net Cash) | 66.10 | 39.72 | 39.66 |
| Investing Activities (Net Cash) | 333.11 | 328.33 | -0.80 |
| Financing Activities (Net Cash) | 266.41 | 122.06 | 7.38 |
| Net Cashflow | 34.44 | 18.10 | 30.91 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Cello World Ltd
Cello World Limited was incorporated as Cello World Private Limited, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated July 25, 2018, issued by the Registrar of Companies, Central Registration Centre. Thereafter, the Registered Office of the Company was changed from the State of Maharashtra to the Union Territory of Daman and Diu and a certificate of registration of the regional director order, for change of State dated April 8, 2020, was issued by the RoC. Subsequently, upon the conversion of the Company into a public limited company, pursuant to a special resolution passed by its Shareholders on June 12, 2023, the name of the Company was changed to Cello World Limited and a fresh certificate of incorporation dated July 18, 2023 was issued by the RoC.
The Indian consumerware market size increased from Rs. 305 billion in Fiscal 2020 to Rs. 348 billion in Fiscal 2022, at a CAGR of 6.9%. As of Fiscal 2023, the Indian stationery market had an estimated size of Rs. 385 billion by value. In the branded consumerware market, the company occupied a market share of 8% for the Financial Year 2023. Its market share was 4.9% in the overall consumerware market for the same period.
The consumerware market is broadly divided into two categories, consumer houseware and consumer glassware and the company is a prominent player in the consumerware market in India with presence in the consumer houseware, writing instruments and stationery, and moulded furniture and allied products and consumer glassware categories, according to the Technopak Report.
Peer Comparison:
- Borosil Ltd
- Kokuyo Camlin Ltd
- La Opala RG Ltd
- Stove Kraft Ltd
- TTK Prestige Ltd
- Linc Ltd
- Hawkins Cookers Ltd
Cello World Ltd IPO Key Points
Strengths
- Well-established brand name and strong market positions.
- Diversified product portfolio across price points catering to diverse consumer requirements.
- Track record of scaling up new businesses and product categories.
- Pan-India distribution network with a presence across multiple channels.
- Ability to manufacture a diverse range of products and maintain optimal inventory levels.
Risk
- Fluctuations in raw material prices, especially plastic granules and plastic polymer prices, and disruptions in their availability may have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company is dependent on its distribution network in India and overseas to sell and distribute its products and any disruption in the company distribution network could have an adverse effect on its business, results of operations, financial condition and cash flows.
- Its reliance on third-party contract manufacturers for some of its products subjects it to risks, which, if realized, could adversely affect its business, results of operations, financial condition and cash flows.
Strategy
- Continued innovation to grow wallet share and expand consumer base.
- Expand its distribution network.
- Scale up branding, promotional and digital activities.
- Grow manufacturing capabilities and expand production capacities.
- Well-established brand name and strong market positions.
- Diversified product portfolio across price points catering to diverse consumer requirements.
- Track record of scaling up new businesses and product categories.
- Pan-India distribution network with a presence across multiple channels.
- Ability to manufacture a diverse range of products and maintain optimal inventory levels.
How To Apply for Cello World Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
