Cello World's Rs 1900 Crore IPO Subscribed 38.9 Times; Allotment Announcement on November 6

2 Nov 2023 , 09:01 AM

Cello World, a renowned Indian consumer product company, wrapped up its Rs 1900 crore Initial Public Offering (IPO) on November 1, witnessing an overwhelming response. The IPO received bids for 85.83 crore equity shares, significantly surpassing the 2.2 crore equity shares available for subscription, marking a 38.9 times oversubscription.

According to the IPO schedule, share allotment details will be announced on November 6. Interested investors who applied for shares can check the allotment status on the BSE website or through the IPO’s registrar, Link Intime India Pvt Ltd. They will need to provide their application number and PAN details to access the allotment status.

The IPO received substantial interest from various investor segments. Qualified institutional buyers, with a 50% reservation in the offer, showcased robust support by bidding 108.57 times the allotted quota. High net-worth individuals, allocated 15% of the net offer, subscribed to their portion 24.42 times.

Retail investors bid 3.06 times the reserved portion, accounting for 35% of the net issue, while employees exhibited strong interest by buying 2.60 times their quota.