New Delhi: Cello World, a company that makes things for homes and offices, is going to offer its shares to the public for the first time. This is called an Initial Public Offering (IPO).
Big IPO Size
They originally planned to raise ₹1,750 crore, but now they want to raise even more, ₹1,900 crore.
When Can You Invest?
You can buy their shares from October 30 to November 1. This is when they are open to the public.
What’s in the IPO?
This IPO is a bit special because it’s a complete offer for sale. It means the current owners (promoters and other shareholders) are selling their shares to the public. The company won’t get the money; it goes to the current owners.
Many people who own shares in Cello World are selling. Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod, and Ruchi Gaurav Rathod are all selling their shares.
What Does Cello World Do?
Cello World makes things for your home and office. They have stuff like pens, stationery, furniture, and glassware. They make a lot of different products. Cello World was started by Ghisulal Dhanraj Rathod. He’s not here anymore, but his children Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod are now running the show.
Some important companies like Kotak Mahindra Capital, ICICI Securities, and others are helping with the IPO. They are like the event managers. Link Intime India is the registrar, which keeps track of who owns the shares.