Cello World share price 28% premium at ₹829 on NSE

In this article, we are going to look at Cello World’s share price. Today, the Cello World share price has made its official debut at a 28% premium at Rs. 829 on the National Stock Exchange (NSE). The shares of this company were listed at a premium of 27.9% on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Cello World IPO shares were listed on the bourses on 6th November 2023, Monday. On the National Stock Exchange, the company’s share price has been listed at Rs. 829 per share 27.9% higher than its issue price of Rs. 648. Now read this article till the end to learn everything.

Cello World IPO

On 6th November 2023, Monday, The Cello World shares were officially listed on the bourses at a premium. At the National Stock Exchange (NSE) the company’s share price has been listed at Rs. 829 per share which is 27.9% higher than the official issue price of Rs. 648, on the other hand, the company share price was listed at Rs. 831 on the Bombay Stock Exchange (BSE) today. The Cello World IPO opened its subscription on 30th October 2023, Monday and then it closed on 1st November 2023, Wednesday. Scroll down to learn more about it.

If we look at the Cello World Subscription status the Cello World IPO was subscribed 38.90 times on the last day of the bidding. It received the subscription with the lead subscription which was coming from the Non Institutional Investors (NIIS) and Qualified Institutional Buyers (QIBs). As per the data available on the stock exchange, The price band was between Rs. 617 to 648 as it received the issue bids of 85,83,10,665 shares against the offered of 2,20,61,947 equity shares. As if focus on the retail part it was subscribed by 3.06 times, whereas the QIBs and NIIs section was officially subscribed by 108.57 times and 24.42 times. And the portion of the employees was subscribed by 2.60 times.

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On the day second of the subscription, the Cello World IPO was officially subscribed 1.44 times, and then on its first day, the issue was subscribed by 38%. If we take our focus on the Cello World IPO details it is a complete offer for sale where all the promoters and the shareholders sell their shares of Rs. 5 face value as it becomes a total of Rs. 1,900 crore. This offer includes the reservation of more than Rs. 10 crore for the subscription by the employees. More details are to be shared very soon.

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