How To Check IPO Allotment Status For Cello World

Cello World, a leading consumer product company in India, will be finalising its IPO share allotment today, November 3. Investors who have bid for the IPO can now check their allotment status online via the official Bombay Stock Exchange (BSE) website or through Link Intime, the IPO’s registrar.

The Cello World IPO, which opened on October 30 and closed on November 1, has been a topic of keen interest among investors.

How to Check Cello World IPO Allotment Status:

To check the allotment status on BSE, investors should:

  • Step 1: Visit the BSE IPO Allotment Link.
  • Step 2: Select “Equity” in the issue type.
  • Step 3: Choose “Cello World Limited” from the dropdown menu.
  • Step 4: Input your PAN or application number.
  • Step 5: Verify you are not a robot and click “Submit”.
  • Step 6: Your allotment status will appear on the screen.

See also: Why This Govt-Backed Railway Large Cap Stock Is Jumping 5% Today

Cello World Share Listing Date

Cello World expects to list its shares on the NSE and BSE on November 9, with trading beginning at 10 a.m.

The company priced its entirely offer-for-sale (OFS) IPO of up to 2.93 crore equity shares at ₹617-648 per share. They set the lot size at 23 equity shares, totalling ₹1,900 crore. The IPO received an overwhelming response, with subscriptions reaching 38.9 times the available shares.

Institutional bidders demonstrated significant interest, subscribing 108.57 times to their reserved portion. Non-institutional investors also showed strong participation, subscribing 24.42 times, while retail and employee quotas saw subscriptions of 3.06 and 2.60 times, respectively.

Market Expectations: The grey market premium (GMP) for Cello World shares has seen an uptick, last reported at a premium of ₹160-165 per share. This indicates a potential listing gain of about 25% over the issue price of ₹648 per share.

Cello World, with over six decades in the consumer product industry, operates across three main categories: writing instruments and stationery, moulded furniture, and consumer housewares, cementing its reputation as a household name in India.

Read next: Tim Cook Lauds India’s ‘Extraordinary Market’ As Apple Sets An All-Time Revenue Record In The Country

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: NewsIPOsCello WorldIPO allotment