Cello World IPO fully booked on day 2, subscribed 1.21 times so far; NIIs steal the show
Cello World IPO price band has been fixed in the range of ₹617 to ₹648 per equity share of face value of ₹5. Also Read: Cello World IPO: Should you subscribe to it? Here's what 5 of top brokerages say Cello World IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.
A discount of ₹61 per equity share is being offered to eligible employees bidding in the employee reserve portion. On day 2, Cello IPO retail investors portion was subscribed 97%, NII portion was subscribed 3.44 times, and Qualified Institutional Buyers (QIB) portion were booked 4%, and employee portion was subscribed 1.05 times.
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