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News Details

25/10/2023 11:30

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Cello World announces launch of initial public offering

Cello World Ltd. has announced public offering of 29320988 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 643.00 per share. The gross proceeds of the issue are expected to be Rs 1,90,000.00 lakhs.

The company's initial public offer (IPO) will open on 30 October 2023 and is expected to close on 01 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 617.00-648.00 per share.

The IPO includes a fresh Issue of 29320988 Equity Shares of the Company at an price of Rs 648.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 23 shares with bids in multiples of 23.

Cello World Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,JM Financial Institutional Securities Limited.,Kotak Mahindra Capital Company Ltd.,Motilal Oswal Investment Advisors Limited,IIFL Securities Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.