Throughout the fiscal years FY21-23, Cello World undertook no significant changes to its business operations, apart from the acquisition of shares in Wim Plast and the acquisition of business entities by Cello Industries, Cello Household Products, and Unomax Stationery through a slump sale.
Cello World IPO was overall subscribed 38.9 times, thanks to solid demand from qualified institutional bidders (QIBs), whose portion was booked 108.57 times.
Cello World IPO: Unlisted shares of Cello World Ltd were trading at Rs 808 in the grey market, which is about 24.69 per cent higher than its upper issue price of Rs 648 per share
Cello World sold its IPO in the fixed price band of Rs 617-648 per share with a lot size of 23 shares. The issue was open for bidding between October 30 to November 01.