New Delhi: Cello World’s IPO debut was nothing short of impressive! On its listing day, the company’s shares soared to new heights, with a staggering 27.9% premium over the issue price. The NSE witnessed Cello World shares opening at ₹829 per share, while the BSE marked them at ₹831, showcasing a remarkable start.
This remarkable IPO journey began on October 30 closing on November 1. It was a rollercoaster ride of investor enthusiasm, with the IPO being oversubscribed nearly 39 times! Non-Institutional Investors and Qualified Institutional Buyers were particularly keen, showing an overwhelming interest.
The retail portion saw solid support at 3.06 times subscription, but it was the QIBs and NIIs who stole the show, subscribing at an astounding 108.57 times and 24.42 times, respectively. Even the employees eagerly participated, subscribing 2.60 times.
Cello World’s IPO is an Offer for Sale (OFS), offering ₹1,900 crore in shares with a ₹5 face value. Promoters and other shareholders are parting with their holdings, with Pradeep Ghisulal Rathod leading the pack by offloading ₹300 crore worth of shares. This offering is supported by the expertise of renowned book-running lead managers and a reliable registrar.
Cello World’s roots trace back to the visionary Ghisulal Dhanraj Rathod, whose legacy is carried forward by the dynamic Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod.
