Cello World Ltd. IPO allotment status has been finalised on 4th November 2023. The investors who applied for the Cello World IPO can check for the share allotment status on the registrar’s website (linkintime.co.in).
Subscriptions tepid but GMP surges
Cello World Limited, one of the leading companies in the consumerware market in India with products in the glassware, opalware, melamine and porcelain categories rolled out its Initial Public Offer for the primary market during 30th October to 1st November, 2023 to raise Rs 1900/- crore, offering a total of 29,320,987 shares at a face value of Rs 5 and price band of Rs 617-648 per share.
The issue was subscribed a total of 38.90 times. Qualified Institutional Buyers (QIBs) showed the most interest by subscribing 108.57 times, trailed by HNIs with 24.42 times and retail investors by 3.06 times. The company received approx. 13.16 lakh applications in total and sentiment in Grey market seems to be a bit on the higher side after the issue closed for subscription. As of this writing, the grey market premium (GMP) for Cello World IPO was faring at around Rs 135/-.
Allotment Status Finalisation
Investors can find out if and how many shares they have been allotted through the finalisation of basis of allotment. The allotment date initially was 6th November but basis of allotment was finalised on 4th November. The broker firms usually send the notifications and texts to investors informing them of their allotment status. However, you can also check the Cello World IPO status by visiting the registrar’s website i.e., www.linkintime.co.in.
Cello World IPO Allotment Status Finalisation:
| Date | 4th November, 2023 |
| Link to check | https://linkintime.co.in/mipo/ipoallotment.html |
Investor’s PAN, application number or DP Client ID will be required to login and view the allotment status. The investors can also visit NSE or BSE websites to check the allotment status.
Refunds and Credit of Shares
The refund of investors’ amount is initiated on on the next day of allotment finalisation to those who were not allotted shares for the issue. However, those who will secured the allotment, their shares will be credited to their Demat accounts 2 days later.
Listing on 6th November
According to the reports, Cello World Ltd. IPO is tentatively scheduled to be listed on 6th November on NSE and BSE.
Stay tuned with iposingh.in for more IPO allotment status news.
