The scrip was listed at Rs 831, exhibiting a premium of 28.24% to the issue price.

So far, the stock has hit a high of 834.70 and a low of 781.50. On the BSE, over 7.08 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Cello World was subscribed 38.90 times. The issue opened for bidding on 30 October 2023 and it closed on 1 November 2023. The price band of the IPO was fixed at Rs 617-648 per share.

The offer comprised an offer for sale of up to 2,93,20,988 equity shares. The offer also includes a reservation for a subscription by eligible employees and a discountof Rs 61 per equity share is being offered to eligible employees bidding in the employee reservation portion.

The company will not receive any proceeds from the offer. All the offer proceeds (net of any offer related expenses to be borne by the selling shareholders) will be received by the respective selling shareholders, in proportion to the equity shares offered by them in the offer for sale.

Ahead of the IPO, Cello World on 27 October 2023, raised Rs 566.99 crore from anchor investors. The board allotted 87.49 lakh shares at Rs 648 each to 39 anchor investors.

Cello World is a prominent player in the consumerware market in India with presence in the consumer houseware, writing instruments and stationery, moulded furniture and allied products and consumer glassware categories. The popular sub-brands under the Cello brand include Kleeno, Puro, Chef, H2O, Modustack, Maxfresh and Duro. The company own and operate 13 manufacturing facilities across five locations in India, as of 30 June 2023.

The company reported a net profit of Rs 82.83 crore and total income of Rs 471.78 crore for the three months ended on 30 June 2023.