Cello World Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Cello World

CMP

874.20

-3.65 (-0.42%)

  • DRHP
₹648

Offer Price

₹ 1,900.00 Cr

Issue Size

₹ 14,904

Min Investment

38.90x

Times Subscribed

23

Lot size

Time Line

  • 30
    Oct 2023
    Open
  • 01
    Nov 2023
    Close
  • 02
    Nov 2023
    Finalisation of Basis of Allotment
  • 02
    Nov 2023
    Initiation of Refunds
  • 03
    Nov 2023
    Transfer of Shares to Demat Account
  • 06
    Nov 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continued innovation to grow wallet share and expand consumer base.

  • Expand its distribution network.

  • Scale up branding, promotional and digital activities.

  • Grow manufacturing capabilities and expand production capacities.

Products & Services

  • The Company is a prominent player in the consumerware market in India.

Strengths

  • Well-established brand name and strong market positions.

  • Diversified product portfolio across price points catering to diverse consumer requirements.

  • Track record of scaling up new businesses and product categories.

  • Pan-India distribution network with a presence across multiple channels.

  • Ability to manufacture a diverse range of products and maintain optimal inventory levels.

Risks

  • Fluctuations in raw material prices, especially plastic granules and plastic polymer prices, and disruptions in their availability may have an adverse effect on its business, results of operations, financial condition and cash flows.

  • The company is dependent on its distribution network in India and overseas to sell and distribute its products and any disruption in the company distribution network could have an adverse effect on its business, results of operations, financial condition and cash flows.

  • Its reliance on third-party contract manufacturers for some of its products subjects it to risks, which, if realized, could adversely affect its business, results of operations, financial condition and cash flows.

  • The company does not own the trademark for its key brands, including "Cello", "Unomax", "Kleeno", "Puro" and their respective logos. Further, the "Cello" brand name is also used by one of its competitors for its writing instruments business.

  • The company face significant competition which may lead to a reduction in its market share, cause it to increase the company expenditure on advertising and marketing as well as cause it to offer discounts, which may result in an adverse effect on its business, results of operations, financial condition and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
10.91%
Pre Holding

55.13%

Post Holding

44.22%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 1,359.18 (29.50%) 1,796.70 (32.20%) 23.17 (-)
Gross Profit 1,359.18 (29.50%) 1,796.70 (32.20%) 23.17 (-)
Net Income 1,359.18 (29.50%) 1,796.70 (32.20%) 23.17 (-)
Assets 1,359.18 (29.50%) 1,796.70 (32.20%) 23.17 (-)
Liabilities 1,359.18 (29.50%) 1,796.70 (32.20%) 23.17 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Cello World Ltd 1,796.70 266.13 1,357.10 1,020.65 23.17 13.65 17.25 4.83 0.25
Borosil Ltd 1,027.12 89.85 1,213.27 1,213.27 10.40 7.86 76.91 7.40 0.11
Borosil Ltd 1,027.12 89.85 1,213.27 1,213.27 10.40 7.86 76.91 7.40 0.11
Kokuyo Camlin Ltd 774.94 24.45 442.26 442.26 9.31 2.44 26.18 5.52 0.21
La Opala RG Ltd 452.32 122.98 896.92 896.92 15.86 11.08 69.81 13.71 0.02
Stove Kraft Ltd 1,283.85 35.77 897.48 897.48 8.86 10.87 122.13 3.98 0.32
TTK Prestige Ltd 2,777.13 254.17 2,587.45 2,587.45 13.12 18.34 139.94 9.82 0.02
Linc Ltd 486.76 37.40 237.46 237.46 21.10 25.15 119.16 15.74 0.00
Hawkins Cookers Ltd 1,005.80 94.78 460.38 460.38 34.32 179.24 522.20 20.58 0.15

Book Running Managers

  • Kotak Mahindra Capital Company Ltd
  • ICICI Securities Ltd
  • IIFL Securities Ltd
  • JM Financial Ltd
  • Motilal Oswal Investment Advisors Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

597/2A Somnath Road,
Dabhel,
Nani Daman - 396210
Phone : +91 22 2685 1027 Email : grievance@celloworld.com www.celloworld.com

Offer Related Information

Initial public offer of 29,337,023* equity shares of face value of Rs. 5 each ("Equity Shares") of the company for cash at a price of Rs. 648^ per equity share (including a share premium of Rs. 643 per equity share) ("Offer Price") through an offer for sale ("Offer") of 29,337,023* equity shares aggregating to Rs. 1900.00 crores*, comprising 4,632,162* equity shares aggregating to Rs. 300.00 crores* by Pradeep Ghisulal Rathod, 11,364,236* equity shares aggregating to Rs. 736.00 crores* by... More

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