Cello World IPO fully booked with HNIs bidding 4.35 times till Day 2

In this article, we are going to look at the Cello World IPO. Yes, now the Cello World IPO has fully booked on its second day. It has subscribed 1.21 times till now and the NIIs steal the show. The company IPO has been subscribed to 1.21 times on its second day. The company IPo price band has been set at Rs. 617 to Rs. 648 per equity share. The company has reserved the shares for the QIB, NII, and Retail Investors. Cello World IPO was opened officially for the subscription on 30th October 2023, Monday and tomorrow, which means on 1st November 2023, Wednesday, the subscription is going to be closed. Tomorrow is the last day of the subscription to Cello World IPO.

Cello World IPO

If we look at the current status of Cello World IPO subscription status so the company has been subscribed 1.21 times on day number 2. Cello World IPO opened for subscription on 30th October 2023, Monday and it is all set to close on 1st November 2023, Wednesday. The Cello World IPO price band has now been fixed in the range of between Rs. 617 to Rs. 648 an equity share with a face value of Rs. 5. Currently, the company has reserved not more than 50% off the shares in the public issue for the Qualified Institutional buyers which is not less than 15% for the Non-Institutional Investors and which is not less than 35% of the offer which is reserved for the Retail Investors.

There has been a discount of Rs. 61 per equity share which is currently being offered as it is fully eligible for the employees who are bidding in the employee reserve option. On 31st October 2023, Tuesday is the second day of the subscription of Cello IPO. So as of day 3 the company retail investors portion has been subscribed at 97% and also the NII portion has been subscribed at 3.44 times and QIB portion has been booked at 4% and the employee portion n has been subscribed 1.05 times.

The Cello World IPO has received bids for 2,66,58,679 shares against 2,20,61,947 shares on the offer at around 4:18 Indian Standard Time (IST) as per the Bombay Stock Exchange (BSE). The company retail investors’ portion has received bids for 1,04,00,853 shares against the 1,07,21,232 shares as per the offer for the segment. The company has already completed an offer for sale (OFS) as the promoters and shareholders are going to sell the shares for Rs. 5 of the face value which has the totaling Rs. 1,900 crore. This offer also includes the reservation of more than Rs. 10 crore for the subscription by eligible employees.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging