Cello World IPO opens on October 30, price band set at ₹617-648 per share
₹617 to ₹648 per equity share of face value of ₹5. The floor price is 123.40 times the face value of the equity shares and the cap price is 129.60 times the face value of the equity shares.
The price/earnings ratio based on diluted EPS for fiscal 2023 at the floor price is 46.85 times and the cap price is 49.20 times. Cello World IPO lot size is 23 equity shares and in multiples of 23 equity shares thereafter.
Cello World IPO 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.
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