The initial public offer (IPO) of Sellowrap Industries received bids for 30,75,200 shares as against 26,12,800 shares on offer, as per NSE data as of 17:00 hours on Friday (25 July 2025). The issue was subscribed 1.18 times.
The issue opened for bidding on Friday (25 July 2025) and it will close on Tuesday (29 July 2025). The price band of the IPO is between Rs 189 to 199 per share. The minimum order quantity is 75 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 36,48,000 shares. The promoter and promoter shareholding will dilute to 67.71% from 92.18% Pre-IPO.
About 1,82,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 34,65,600 equity shares.
The company intends to utilize the net proceeds for capital expenditure towards purchase of plant & machinery, infrastructure development and other auxiliary equipment’s, funding the working capital requirements of the company and for general corporate purposes.
Ahead of the IPO, Sellowrap Industries on Thursday, 24 July 2025, raised Rs 8.59 crore from anchor investors. The board allotted 10.35 lakh shares at Rs 199 per share to 15 anchor investor.
Sellowrap Industries is a leading manufacturer of high-quality components for the automotive and white goods sectors. The company specializes in both adhesive and non-adhesive parts, placing a strong emphasis on quality, cost-efficiency, and customer value. Its diverse product range includes plastic injection moulded parts for both interior and exterior applications, PU foam mouldings, foam products, labels and stickers, screen sealing components, and EPP (Expanded Polypropylene) mouldings. With a commitment to innovation and performance, Sellowrap Industries continues to meet the evolving needs of its clients across various industries. As of January 31, 2025, the company employs a total of 708 individuals, comprising 159 permanent employees on its payroll and 549 contractual workers.
The company recorded revenue from operations of Rs 162.45 crore and net profit of Rs 9.97 crore for the period ended 31 March 2025.