Cello World's investors' bags are full, the company's shares gave a premium of more than 28 percent in the debut trade

Cello World Ltd, a manufacturer of household products and stationery like plates, water bottles, cups, etc., has given a premium of 28 percent to investors over its IPO price in its debut trade today. The IPO price of Cello World was Rs 648, which is trading with a jump of 28 percent in its first trade.

Shares of Cello World are trading at Rs 831, up 28.24 percent on the first day of its trade. After this, the company's shares further increased by 28.81 percent to reach Rs 834.70. The company's shares on the NSE stood at Rs 829, which is a rise of 27.93 percent.

The mcap of the company as per initial trading is Rs 16,769.44 crore. Cello World's IPO received 38.90 times subscriptions on the last day of the IPO. The company had kept the price band of this IPO at Rs 617 to Rs 648 per share. The company's IPO ran from October 30 to November 1 and the total IPO offer was Rs 1900 crore.

Mumbai-based Cello World has a product portfolio across three major categories – consumer home goods, writing instruments and stationery, and molded furniture and related products. In 2017, the company also launched a glassware and opal ware business under the brand 'Cello'.

According to information received from the company's website, the company has 13 manufacturing plants at five locations in the country. Along with manufacturing facilities, the company also has the latest global technology. The company is going to start a new glassware manufacturing plant in Rajasthan which may have European-made machinery.