38% of Cello World’s ₹1,900 crore IPO subscribed on the first day.
Cello World, a consumer goods company, has received a 38% subscription rate for its initial public offer (IPO) on the first day of the issue. The non-institutional investor (NII) portion was almost fully subscribed, while the retail portion was subscribed 35% by the end of Monday. The IPO, which opened on October 30 and will…