Two IPO’s to open for subscription next week
Next week, 2 initial public offers i.e. IPOs will be open for listing in the share market. These include Cello World Limited and Honasa Consumer Limited. Let us know about the IPO of these two companies one by one.
Cello World Limited IPO
Cello World Limited wants to raise ₹1,900 crore through this IPO. For this, the existing investors and promoters of the company will sell 29,320,987 shares. This IPO will be completely an offer for sale, for which the company will not issue any fresh share.
Retail investors will be able to bid for this IPO from October 30 to November 1. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 9.
Retail investors can bid for maximum 299 shares
Cello World Limited has fixed the price band of this issue at ₹617-₹648. Retail investors can bid for a minimum of one lot i.e. 23 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 648, then you will have to invest ₹ 14,904.
Whereas for its IPO, retail investors can apply for maximum 13 lots i.e. 299 shares. For this, investors will have to spend ₹ 1,93,752 as per the upper price band.
Cello has more than 60 years of experience in the consumer product industry
Cello World manufactures products in three categories – consumer housewares, writing instruments and stationery, molded furniture and related products. The company has more than 60 years of experience in the consumer products industry. As of March 31, 2023, the company had 13 manufacturing facilities in 5 different locations.
Honasa Consumer Limited IPO
Honasa Consumer Limited aims to raise ₹1,701 crore through this IPO. For this the company will issue fresh shares worth ₹365 crore. The remaining existing investors and promoters of the company will sell their shares through Offer for Sale (OFS).
Retail investors will be able to bid for this IPO from October 30 to November 1. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 9.
Retail investors can bid for maximum 598 shares
Honasa Consumer Limited has fixed the price band of this issue at ₹308-₹324. Retail investors can bid for a minimum of one lot i.e. 46 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 324, then you will have to invest ₹ 14,904.
Whereas for its IPO, retail investors can apply for a maximum of 13 lots i.e. 598 shares. For this, investors will have to spend ₹ 1,93,752 as per the upper price band.
