Cello World IPO: What does GMP, subscription status suggest about listing? Check here

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BSE and NSE on Monday, November 6, 2023. “Trading Members of the Exchange are hereby informed that effective from Monday, November 6, 2023, the equity shares of Cello World Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities," said a BSE notice.

Also Read: Cello World IPO allotment finalised; check latest GMP, here's how to check allotment status As the Cello World IPO listing date has been fixed, let us take a look at what the latest GMP, subscription status suggest: Cello World IPO GMP today, or grey market premium today, is ₹160 per share. This indicates Cello World share price was trading at a premium of ₹160 in the grey market, as per market observers.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Cello World shares is ₹808 apiece, which is 24.69% higher than the IPO price of ₹648. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Cello World IPO has been subscribed 38.90 times during the bidding process.

The public issue received bids for over 85.83 crore equity shares as against 2.20 crore shares on the offer, as per data available on the NSE. The IPO was subscribed 3.06 times in the retail category, 108.57 times in the Qualified Institutional Buyers’ (QIB) category, and 24.42 times in the Non-Institutional Investors’ (NII) category.

Also Read: Mamaearth IPO: Here’s what latest GMP, subscription status suggest about share listing Cello World IPO opened on October 30 and ended on November 1. Cello World raised ₹1,900 crore from the public issue which was entirely an offer for sale (OFS)