Cello World Limited IPO GMP, lot size, opening and closing date, allotment status

Cello World Limited IPO GMP:- The IPO of Cello World begins on October 30, 2023 and subscriptions end on November 1, 2023. The book-constructed IPO price band for Cello World Ltd. shares is set between ₹617 and ₹648. The share has a face value of ₹5 per share. The initial public offering of Cello World Ltd. will consist solely of an offer for sale; There will be no new problems involved. At an upper price band of ₹648 per share, the sale of 2,93,20,987 shares, or around 293.21 lakh shares, constitutes the offer for sale (OFS) component of the initial public offering (IPO) . This amounts to an offer for sale (OFS) of Rs 1,900 crore.

The promoter group is making an offer for sale (OFS) of Rs 1,900 crore, which would be divided among six promoter shareholders. The SFO will cover the entire size of the IPO because there is no new issue component. Therefore, 2,93,20,987 shares will also be sold as part of the full IPO. At the highest price range of Rs 648 per share, this equates to a total IPO issue size of Rs 1,900 crore.

No new funds enter the firm because it is an offer for sale. The only thing that will happen is a change of ownership. Gaurav Pradeep Rathod, Pankaj Ghisulal Rathod and Pradeep Ghisulal Rathod launched Cello World Ltd. The promoters now own 100.00% of the company; After the IPO, they will own 91.8% of the company. As the lead managers (BRLM) of the Cello World Ltd. IPO, Kotak Mahindra Capital, ICICI Securities, IIFL Securities, JM Financial and Motilal Oswal Investment Advisors will oversee the process. The registrar of the IPO will be Link Intime India Private Ltd.

Cello World Limited IPO GMP

Cello World Limited’s book issue of Rs 1,900.00 crore is the initial public offering. The total objective of the issue is to sell 2.93 million shares. The subscription period for the Cello World Limited IPO begins on October 30, 2023 and ends on November 1, 2023. The allotment for the Cello World Limited IPO is expected to be completed on Monday, November 6, 2023. The Proposed listing date for the initial public offering (IPO) of Cello World Limited is Thursday, November 9, 2023 on BSE and NSE.

The price range for the IPO of Cello World Limited is Rs 617 to Rs 648 per share. A minimum of 23 shares is required for the lot size of an application. Retail investors need to invest a minimum of INR 14,904 to qualify. For both sNII and bNII, the minimum investment in lot size is ₹208,656 for 14 lots (322 shares) and ₹1,013,472 for 68 lots (1,564 shares).

The lead managers of the Cello World Limited IPO are Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited and Motilal Oswal Investment Advisors Limited. The registrar of the issue is Link Intime India Private Ltd.

Cello World Limited IPO GMP Overview

About Cello World IPO GMP

Trading on the gray market price (GMP) usually begins four to five days before the opening of the IPO and lasts until the day of listing. Regarding Cello World Ltd., we now have GMP data for the last 48 hours, which should provide a decent overview of the forecast price.

GMP is affected by two things. Firstly, GMP is greatly affected by the state of the market, in particular by internal liquidity circumstances. Second, as a measure of investor interest in the stock, the level of IPO subscription has a significant effect on GMP. Technically, GMP can even be negative, in which case the stock would trade below the issue price.

Here’s a little thing to keep in mind. GMP is just a widely accepted informal pricing point; It is not official. However, it has generally been considered to be a reliable informal indicator of IPO supply and demand. As a result, it provides a general idea of how the stock’s price and performance are likely to develop.

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How has GMP been going in the last few days?

GMP often accurately describes the true stock narrative. The trend of GMP over time provides more information about the direction of the wind than the actual price. This is a brief GMP synopsis of the Cello World IPO for the data available.

Date	Gray Market Price (GMP)
Oct 25, 2023	91 INR
Oct 24, 2023	95 INR

The gray market premium in the aforementioned case started trading at around ₹95, as per GMP trend, but later declined to ₹91 per share on the second day when GMP data was available. Naturally, we will have to monitor the progress of the issue and wait for actual subscription numbers to arrive once subscription opens on October 30, 2023, as that will have a big influence on GMP. Historically, there has been a strong upward movement in the price of stocks that were oversubscribed during their initial public offering (IPO). Cello World Ltd. initially found success in the gray market.

GMP guidance indicates that the expected listing price on October 25, 2023 will be around Rs 739 per share considering the upper end of Cello World Ltd’s IPO price band, which was 648 rupees. This is dynamic and always evolving. The update of the share subscription will be a data to monitor, as it will show the trajectory of the GMP.

A substantial listing premium of 14.04% for Cello World Ltd. above the IPO issue price is shown in the GMP of ₹91 at the upper end of the book-constructed IPO price of ₹648. That means that on November 9, 2023, when Cello World Ltd lists, the offer price would be Rs 739 per share. Naturally, there is a margin of error because these are just estimates. The GMP trend should be observed periodically as it provides the best indications of the trading status. Consider the trend of the time series as opposed to the absolute values of GMP only.

How to apply for the Cello World IPO?

The minimum lot sizes for the Cello World IPO are open to investors. Since this is a motherboard issue, the lot size only applies to the IPO. Once listed, it can even be traded in multiples of a share. The minimum lot size and its multiples are the only investment options available to IPO participants. With an upper band indicative value of ₹14,904, the minimum lot size in case of Cello World Ltd. is 23 shares. Essentially, IPO investors only need to apply for lots made up of multiples of 23 shares. The minimum and maximum lot sizes that apply to various categories of investors in the Cello World Ltd. IPO are shown in the table below.

Application	Lots	Share	Amount
Retail (minimum)	1	23	$14,904
Retail (max.)	13	299	Rs 1,93,752
S-HNI (minimum)	14	322	2,08,656 INR
S-HNI (max.)	67	1,541	9,98,568 INR
B-HNI (minimum)	68	1,564	$10,13,472

It is worth mentioning that there are no major restrictions that apply to the B-HNI and QIB (qualified institutional buyer) categories.

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Allocation of quotas between categories of IPO investors

As per the terms of the offer, ordinary investors will get 35% of the total issue size and qualified institutional buyers (QIBs) will receive 50% of the net offer. 15% of the remaining amount is reserved for HNI and NII investors. Shares of Cello World Ltd. will be listed on BSE and NSE. The distribution to different groups is summarized in the following table.

Investor Category	Total allocation in the IPO
Employee Shares Offered	Up to 1,54,321 shares (0.53%) worth Rs 10 crore
QIB shares offered	Up to 1,45,83,333 shares (49.74%) worth Rs 945 crore
Retail Shares Offered	Up to 1,02,08,333 shares (34.82%) worth Rs 662 crore
HNI/NII Shares Offered	Up to 43,75,000 shares (14.92%) worth Rs 283 crore.
Total shares on offer	Total 2,93,20,987 shares (100.00% of issue)

It is worth mentioning that there is a special employee discount of ₹61 per share for IPO applicants as well as a lesser allowance for workers. Subscriptions to the issue are accepted from October 30, 2023 until November 1, 2023, inclusive. On November 6, 2023, the allocation base will be finalized and on November 7, 2023, the refund process will begin. Additionally, the company is scheduled to be listed on NSE and BSE on November 9, 2023, and demat credits are expected to occur on November 8, 2023.

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Stock market today

Index name	Price	Price change (% change)
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Dow Jones	33035.93	-105.45 (-0.32%)
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Ingenious gift	18869.50	-206 (-1.08%)
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Taiwan weighted	16117.57	-241.32 (-1.48%)
United States 30	32963.60	-39 (-0.12%)

Conclusion

Cello World Limited is creating quite a stir in the market with its upcoming initial public offering. Cello World Limited Gray Market Premium (GMP) is showing promising signs, indicating strong investor interest. GMP refers to the premium or price at which shares are traded in the unofficial market before going public. This can be a good indicator of investor sentiment and demand for the company’s stock. With a positive GMP, it suggests that investors have high expectations for Cello World Limited and believe in its growth potential. It will be interesting to see how this IPO develops and if it lives up to the hype surrounding it.

Cello World Limited IPO GMP FAQ

What is the price of GMP at IPO?

The IPO GMP refers to the price difference between the shares traded on the gray market and the price set by the company. To calculate GMP, we can use the following formula: GMPR = Gray Market Premium.

What is the GMP of Aether Industries Limited IPO today?

Aether Industries IPO GMP is ₹15 as of today.

What is GMP on IPO Quora?

Gray market premium (GMP) means the additional amount of money that investors are willing to pay above the initial issue price. The issue price is the price at which shares are available for purchase before their official listing on the stock market. The gray market premium is commonly observed in the IPO gray market.

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