November 8, 2023
Shardul Amarchand Mangaldas advises Cello World Limited (“Issuer”) on its Initial public offering by way of an offer for sale of 29,337,023 equity shares aggregating to ₹ 1900 Crore by certain shareholders. The deal was valued approximately at Rs 1900 Crores and the equity shares of the Issuer were listed on the BSE and NSE on 6 November 2023.
The Issuer is a prominent player in the consumer ware market in India, with presence in the consumer houseware, writing instruments and stationery, and moulded furniture and allied products and consumer glassware categories.
The Capital Markets team was led by Prashant Gupta, National Practice Head, Capital Markets; Abhinav Maker, Partner; Chinmay Sethia, Senior Associate; Harini Jambunathan, Associate; Shruthi Hariharan, Associate and Veronica Miranda, Associate.
Sidley Austin LLP advised Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, and Motilal Oswal Investment Advisors Limited (Book Running Lead Managers) on the international legal aspect.
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