Household products and stationery manufacturer Cello World has fixed a price band of Rs 617-Rs 648 per share for its Rs 1,900-crore initial public offering (IPO), market sources said on Tuesday.
The issue will open for public subscription on October 30 and conclude on
November 1, and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus.
The issue is a complete offer for sale (OFS) by promoters and other selling shareholders, with no fresh issue of equity share component.
The offer includes a reservation of shares worth up to Rs 10 crore for subscription by eligible employees.
The company has raised the size of its IPO size to Rs 1,900 crore from Rs 1,750 planned earlier.
The OFS comprises the sale of equity shares by Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Pradeep Ghisulal Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod and Ruchi Gaurav Rathod.
