Cello World files DRHP with SEBI for the proposed IPO; Key Details here

Cello World is into Consumer Consumerware and is looking raise funds through Offer for Sale

Cello World to raise Fresh Issue of Equity shares up to and an Offer for Sale Equity shares aggregating up to Rs.1750 crores IPO

Cello World IPO: Cello World Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 5 per share via initial public offering.

Initial Public Offer comprising of a Offer for Sale of Equity Shares aggregating up to Rs. 1,750 crores.. Kotak Mahindra Capital, ICICI Securities, IIFL Securities, JM Financial, Motial Oswal Investment Advisors have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent. Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Equity Sharesby Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod, Ruchi Gaurav Rathod who will offload up to Rs. 300 crores, up to Rs. 670 crores, up to Rs.380 crores, up to Rs. 200 crores, up to Rs. 100 crores and up to Rs. 100 crores respectively...

Objects of the issue:
1) achieve the benefits of listing the Equity Shares on the Stock Exchanges, and 2) carry out the Offer for Sale of Equity Shares aggregating up to Rs. 1,750 crores by the selling shareholders..

About Company:
The family of our Promoter, Pradeep Ghisulal Rathod, was associated with Cello Plastic Industrial Works and the “Cello” brand since 1962. We have since diversified our product range and brand portfolio over the last six decades. Cello World, established in 2018 is into Indian consumer ware products. It has presence in the consumer houseware, writing instruments and stationery, and moulded furniture & allied products categories, and are amongst the largest brands in the Indian consumerware market.

About Industry:
The Indian consumerware market size increased from ₹305 billion in Fiscal 2020 to ₹348 billion in Fiscal 2022, at a CAGR of 6.9%, and is expected to increase to ₹565 billion in Fiscal 2027, at a CAGR of 10.2%. The Indian stationery market and furniture market have demonstrated consistent growth in market size over the past few years and are expected to continue to grow in the next few years.

Source: SEBI, BSE, NSE, DRHP, Company, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.