On the BSE, the stock debuted at Rs 829 apiece, a premium of 27.93%.
The Rs 1,900-crore IPO was subscribed 38.90 times in the last day led by institutional investors (108.57 times), non-institutional investors (24.42 times), retail investors (3.06 times). ) and a part reserved for employees (2.60 times). .
Cello World Ltd. has raised Rs 567 crore from anchor investors ahead of its IPO next week.
The consumer goods company has allotted 87.5 lakh shares at Rs 648 apiece to 39 anchor investors.
Key investors include ICICI Prudential Life Insurance Co., SBI Life Insurance Co., HDFC Mutual Fund, Aditya Birla Sun Life Insurance Co., BNP Paribas Arbitrage, Morgan Stanley, Nomura, Motilal Oswal, Edelweiss and Goldman Sachs, among others.
Eight domestic investment funds have applied through a total of eleven programs, the company said in a stock exchange announcement. They collectively earned 27.9% of the anchor share of Rs 158 crore.
ICICI Prudential, Aditya Birla Sun Life and Motilal Oswal have secured an allotment of 5.26% each.
Cello World primarily trades in three categories: stationery and writing instruments, molded furniture, housewares and related goods.
The Company owns/leases and operates 13 manufacturing facilities across five locations in India as of June 30 and is currently establishing a glassware manufacturing facility in Rajasthan. The company’s manufacturing capabilities enable it to produce a diverse range of products in-house
Product categories
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