The Cello World IPO got off to a good start. People are keen to buy a piece of the company, with 38% of the shares already taken on the first day. The price for one share is between ₹617 to ₹648.
Who gets to buy? Well, big organizations can buy up to half, while regular folks like you and me can get 35%. Employees get a special deal too.
Here's how it's going so far:
- Regular people have asked for 35% of their share.
- Big investors are really interested, asking for 94% of theirs.
- Companies are just starting, with only 2% asking for their part.
- Employees have requested 42% of theirs.
Overall, there have been requests for 83,01,022 shares out of 2,20,61,947 available. Out of these, regular people want 37,81,246 shares, big investors want 43,27,105 shares, companies want 1,16,840 shares, and employees want 75,831 shares.
_1698744913.png)
What's the Deal with the IPO?
This is a special event where the owners are selling a chunk of the company. The total value is ₹1,900 crore. There's also a set-aside of ₹10 crore for employees.
The owners selling include Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod, and Ruchi Gaurav Rathod. Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod are the main people now, taking over from their late dad who started the company.
What Does Cello World Do?
Cello World is known for three things: school and office stuff like pens, furniture, and things for the home.
Good News for Investors:
People are really eager to buy these shares. The price in the unofficial market is ₹135 more than what you can get them for now. This shows a strong interest in the company. If things keep going this way, the price could be almost 21% higher than it is now when it goes public.
In simple words, Cello World's IPO is off to a great start. Lots of people want to be part of it, which is a good sign. If this continues, the shares could be worth even more when they officially hit the market. So, it's an exciting opportunity!
Ⓒ Copyright 2023. All Rights Reserved Powered by Vygr Media.
