Indian kitchenware maker Cello World's IPO oversubscribed nearly 40x

Indian kitchenware maker Cello World's IPO oversubscribed nearly 40x

The building of the Bombay Stock Exchange in Mumbai. Credit: Wikimedia Commons

Indian kitchenware products maker Cello World’s initial public offering (IPO) was oversubscribed by nearly 40 times, higher than similar IPOs recently, inviting bids worth 556.19 billion rupees ($6.7 billion), exchange data showed on Wednesday.