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At the higher end of the price range, the company is set to raise approximately Rs 491 crore through the IPO, resulting in a valuation of Rs 1600 crore.
The basis of allotment will be finalised on September 6 while credit of shares will be on September 8. The firm will be listed on exchanges on September 11.
In FY22 its revenue stood at Rs 102 crore against Rs 118.93 crore. Net profit for the period was at Rs 2.81 crore from Rs 3.7 crore last year.
The IPO consists of a fresh issue of Rs 500 crore and an offer for sale of upto 8.05 million shares by its existing shareholders and promoters.
Cello World has filed draft papers with Securities Exchange Board of India to raise Rs 1750 crore via initial public offerings.