The Rs 1900 crore Initial Public Offering of Cello World Limited was subscribed 38.90 times on the final day of bidding led by QIB and NII.
The issue received bids of 85,83,10,665 shares against the offered 2,20,61,947 equity shares, at a price band of ₹617-648, according to the data available on the stock exchanges.
Qualified Institutional Buyer Portion and Non-Institutional Investors Portion were subscribed 108.57 times and 24.42 times respectively, whereas Retail Portion was subscribed 3.06 times. Employee Portion was subscribed 2.60 times.
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.
ameya@conceptpr.com
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