Cello World IPO | The firm aims for fund raising of Rs 1,900 crore via its initial public offering which consists of only an offer-for-sale by the Rathod family.
The company has fixed a price band of Rs 617-648 per share for its offer. Investors can bid for a minimum of 23 shares in one lot and in multiples thereafter.
Cello World IPO is completely an offer for sale worth Rs 1,900 crore. Net proceeds from the IPO will entirely go to the selling shareholders. Most analysts advised investors to subscribe to the IPO over the company s strong brand identity and diverse product portfolio across different categories. Cello World s business is broadly divided into two categories, consumer houseware and consumer glassware.