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Following the company's public listing, Rathod’s 44% stake in the company was valued at $1 billion, making him a new entrant to India's billionaire league.
Analysts expect the Cello World's stock to open somewhere between Rs 790 and Rs 810 against the IPO price of Rs 648
Cello World IPO opens for subscription, raises ₹567 crore from anchor investors. Cello World IPO subscription status: 38% subscribed on day 1 Cello World IPO GMP: +135 in grey market.
Cello World IPO subscribed 38% on day 1, so far. Cello IPO retail investors portion subscribed 35%, NII portion subscribed 94%. Cello World IPO GMP at +135, estimated listing price at ₹783
Honasa Consumer (Mamaearth) and Cello World will open for subscription on October 31 and October 30