Cello World IPO: Firm mobilises ₹567 crore from anchor investors ahead of issue
Cello World IPO: Cello World has raised ₹567 crore from anchor investors ahead of its IPO subscription opening for bidding. Cello World initial public offering (IPO) will open for subscription on Monday, October 30, and close on Wednesday, November 1. Cello World IPO price band has been fixed in the range of ₹617 to ₹648 per equity share of face value of ₹5.
Morgan Stanley Asia (Singapore) Pte Ltd, BNP Paribas Arbitrage, CLSA Global Markets Pte Ltd, Reliance General Insurance Company, Bajaj Allianz General Insurance Company, ICICI Prudential Mutual Fund (MF), Edelweiss MF, Tata MF and HDFC MF are among the anchor investors.
Cello World IPO Details
Cello World IPO is a complete offer for sale (OFS), where promoters and other shareholders will sell shares of ₹5 face value totalling ₹1,900 crore. The offer includes a reservation of up to ₹10 crore for subscription by eligible employees.
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Updated: 27 Oct 2023, 10:35 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.