Spunweb Nonwoven shares list with a stellar 57% premium on the NSE SME: Hits upper circuit thereafter
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Economic Times
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Sellowrap Industries IPO opens today; Check all details here
Sellowrap Industries launches its Rs 30.28 crore IPO today, priced at Rs 79-83 per share, aiming for NSE SME listing on August 1. Synopsis Sellowrap Industries is launching its initial public offering today. The IPO aims to raise funds for expansion and working capital. The price band is Rs 79-83 per share. The IPO will remain open until July 29. Listing on NSE SME is scheduled for August 1. The company manufactures auto parts and supplies to domestic and global markets. Auto parts maker 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. ADVERTISEMENT 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. Sellowrap, founded in 1983, manufactures plastic injection moulding parts, PU foam mouldings, labels, and sealing components for the automotive and white goods 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. ADVERTISEMENT 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. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
3 days ago
- Time of India
Sellowrap Industries IPO opens today; Check all details here
Auto parts maker 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 Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Public Policy Finance Healthcare Digital Marketing Others Design Thinking healthcare Degree PGDM Operations Management Product Management Artificial Intelligence CXO Data Science MBA Technology others Leadership Management Data Science Project Management MCA Data Analytics Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo 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. Live Events 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.
News18
6 days ago
- News18
Spunweb Nonwoven stock jumps over 65 pc in debut trade on NSE SME
Agency: New Delhi, Jul 21 (PTI) Shares of Gujarat-based Spunweb Nonwoven on Monday ended with a premium of over 65 per cent against the issue price of Rs 96 per share on the NSE's SME platform Emerge. The scrip got listed at Rs 151 per share on the NSE SME index, at a premium of 57.3 per cent. Later, it closed at Rs 158.55 apiece, a premium of 65.16 per cent, the company said in a statement. The market capitalisation of the company stood at Rs 382.16 crore on the NSE SME. In volume terms, 27.04 lakh equity shares were traded on the exchange during the day. The Rs 61-crore IPO of Spunweb Nonwoven received a whooping response from the investors by garnering 251.32 times subscription on the closing day of bidding on Wednesday last week. The initial share sale had a price band of Rs 90-96 per share. The issue is entirely a fresh issue of 63.52 lakh shares. Spunweb Nonwoven is engaged in the business of manufacturing polypropylene spunbond nonwoven fabrics. Its product portfolio consists of hydrophobic nonwoven fabric, hydrophilic nonwoven fabric, and super soft nonwoven fabric. The company is also engaged in supply of various types of nonwoven fabric bags. view comments First Published: July 21, 2025, 19:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
