The firm has started the book-building process and capital markets and investment firm CLSA has been roped in as one of the managers for the initial public offering (IPO), they added.
The company's chairman and MD, Pradeep Rathod, joins the three-comma club thanks to his $44% ownership in Cello World, which is currently valued at $1 billion.
Shares of household products and stationery manufacturer Cello World Ltd on Monday got listed with a premium of over 28 per cent against the issue price of Rs 648.