Cello World IPO
Cello World Limited (CELLO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 November 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +25.8% (likely range +22% to +61%), day's high +41.1%, chance of a gain 92%. Actual: +27.9% at the open, +29.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 65,66,045 | 71,28,59,562 | 109x | |
| NII (HNI) total | 45,94,814 | 11,22,15,206 | 24.4x | |
| Big NII (above ₹10 lakh) | 30,63,209 | 8,75,55,388 | 28.6x | |
| Small NII (₹2-10 lakh) | 15,31,605 | 2,46,59,818 | 16.1x | |
| Retail | 1,07,21,232 | 3,27,72,355 | 3.06x | |
| Employees | 1,79,856 | 4,67,590 | 2.60x | |
| Total | 2,20,61,947 | 85,83,14,713 | 38.9x |
Bids on NSE and BSE together, as published by NSE, as of 01 Nov 2023, 07:00 PM. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Cello World's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Kaynes Technology IndiaNov 2022 | 98.5x | 21.2x | 4.10x | 34.2x | ₹872 Cr | +32.5% | +33.9% |
| Syrma SGS TechnologyAug 2022 | 87.6x | 17.5x | 5.53x | 32.6x | ₹911 Cr | +18.2% | +41.8% |
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| Uniparts IndiaDec 2022 | 67.1x | 17.9x | 4.63x | 25.3x | ₹836 Cr | -0.3% | 0.0% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| Yatharth Hospital and Trauma Care ServicesJul 2023 | 85.1x | 37.2x | 8.34x | 36.2x | ₹705 Cr | +2.0% | +14.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Securities | 94 | +19.3% | 71% |
| JM Financial | 109 | +22.8% | 75% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Cello World IPO price band and lot size? ₹617–648 per share, with a lot of 23 shares, so the smallest retail bid is ₹14,904.
How many times has it been subscribed? 38.9x overall: QIB 109x, NII 24.4x, retail 3.06x, employees 2.60x.
How did it list? It opened at ₹829, +27.9% against the issue price of ₹648, and closed its first day +22.2%.
