Sellowrap Industries IPO opens today; Check all details here
Sellowrap Industries
will open its Rs 30.28 crore IPO today with a price band of Rs 79–83 per share. The issue is entirely a fresh issue of 36.48 lakh equity shares and will close on July 29. Listing is slated for August 1 on NSE SME.
Sellowrap Industries IPO GMP
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The lot size is 1,600 shares, requiring a minimum investment of Rs 2,65,600 for retail investors. The IPO is witnessing modest demand in the unofficial market, with a grey market premium (GMP) of around Rs 14, implying a potential 17% listing gain.
Proceeds from the fresh issue will be used for capital expenditure towards purchase of plant and machinery, infrastructure development and other auxiliary equipment. The funds will also be deployed for funding the working capital requirements of the company and general corporate purposes.
Company profile:
Sellowrap, founded in 1983, manufactures plastic injection moulding parts, PU foam mouldings, labels, and sealing components for the automotive and white goods sectors.
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The company has four manufacturing facilities in Gurugram, Pune, Ranipet, and Kancheepuram and supplies to marquee OEMs domestically and globally. It exports to Brazil, Germany, the UK, and other key markets.
In FY25, the company clocked a revenue of Rs 163.3 crore, up 17% YoY, and net profit grew 68% to Rs 9.97 crore.
Gretex Corporate Services
is the book-running lead manager of the Sellowrap Industries IPO, while Purva Sharegistry India is the registrar.
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