Cello World IPO listing date today, share price debuts at 28% premium at ₹829 on NSE

The initial public offering (IPO) of Cello World Limited is scheduled to be listed on November 6, 2023. The Bombay Stock Exchange (BSE) has officially informed trading members that Cello World Limited’s equity shares will be listed and admitted to trading on the exchange in the ‘B’ Group of Securities, effective from November 6, 2023. The shares of Cello World are set to be listed on both BSE and NSE (National Stock Exchange) during a special pre-open session, with the listing expected around 9:45 AM. Trading in Cello World shares will commence from 10:00 AM on Monday.

Cello World IPO

Cello World IPO listing date today

Market experts have noted the strong investor response to the ₹1,900 crore Cello World IPO, particularly in the Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) categories. They believe that both the primary and secondary market sentiments are positive, indicating a robust debut for Cello World shares. The anticipated listing gains for Cello World’s IPO are estimated to be in the range of ₹150 to ₹180 per share. The public offering had a price range of ₹617 to ₹648 per equity share. Furthermore, the grey market is indicating a strong debut for Cello World shares, with shares available at a premium of ₹160 per equity share, according to market observers.

Prashanth Tapse, Senior VP — Research at Mehta Equities, shared his perspective on the Cello World IPO listing, stating that despite a weaker market performance in the past week, the IPO received an overwhelming response. He attributed this demand to the company’s strong fundamentals and the dynamics of the high-growth industry. In terms of valuation, he believes the issue was reasonably priced, reflecting expectations of revenue and profit growth. Arun Kejriwal, Founder at Kejriwal Research and Investment Services, expressed his expectation of a listing premium for Cello World IPO allottees, ranging from ₹150 to ₹180 per share. This implies a potential listing price in the range of ₹798 to ₹828.

Market observers have reported that shares of Cello World Limited are trading at a premium of ₹160 per share in the grey market. This indicates that the grey market premium (GMP) for the Cello World IPO today is ₹160. Consequently, the grey market suggests that the expected Cello World IPO listing price could be around ₹808 per equity share. Please note that grey market prices are unofficial and speculative and may not accurately reflect the actual listing price when the IPO is officially listed on the stock exchange.