Mumbai, Feb. 28 -- Shares of Cello World jumped 9.45% in the past three trading sessions.

The stock entered the stock exchanges on 6 November 2023. The scrip was listed at Rs 831, exhibiting a premium of 28.24% to the issue price of Rs 648. It is currently up 31% over its listing price.

A domestic broker recently initiated coverage on Cello World with a 'Buy' rating and a target price of Rs 1,100. The brokerage anticipates that the company will outpace industry growth.

The initial public offer (IPO) of Cello World was subscribed 38.90 times. The issue opened for bidding on 30 October 2023 and it closed on 1 November 2023. The price band of the IPO was fixed at Rs 617-648 per share.

The offer comprised an offer for sale of up to 2,93,2...