Sellowrap Industries SME IPO Subscribed 1.18 Times on Day 1; Strong NII and Retail Response
By HDFC SKY | Published at: Jul 26, 2025 06:49 PM IST
Mumbai, July 25, 2025 (17:00 IST) – The SME IPO of Sellowrap Industries Limited saw a healthy response on its opening day, with total bids crossing the issue size by 1.18 times, according to NSE Emerge data as of 5:00 PM IST.
The company is offering 26.13 lakh equity shares to the public in the book-built issue, which opened today with a price band of ₹79 to ₹83 per share and a lot size of 1,600 shares.
Category-Wise Bidding Status (as on July 25, 5:00 PM)
| Category | No. of Applications | Shares Bid For |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 0 | 0 |
| Non-Institutional Investors (NII) | 36 | 18,84,800 |
| – Bids > ₹10 lakh | 19 | 17,95,200 |
| – Bids ₹2L–₹10 lakh | 17 | 89,600 |
| Retail Individual Investors (RII) | 372 | 11,90,400 |
| Total | 408 | 30,75,200 |
Key Subscription Highlights
- Overall Subscription: 1.18 times
- Total Shares Offered: 26,12,800 equity shares
- Total Shares Bid: 30,75,200 equity shares
- Retail Demand: Retail investors contributed 11.90 lakh shares across 372 applications
- NII Segment: Strong participation with 18.84 lakh shares bid, led by high net-worth individuals and corporates
- QIB Participation: Yet to begin
Price Demand Snapshot
| Bid Price | Shares Bid |
|---|---|
| ₹83 | 30,68,800 |
| ₹79 | 30,75,200 |
| Cut-off | Data Not Available |
The bid book indicates strong demand even at the upper price band of ₹83, signalling investor confidence in the company’s fundamentals and growth outlook.
About the IPO
Sellowrap Industries is offering 36.48 lakh equity shares, including a market maker reservation portion of 1,82,400 shares. The IPO will remain open for subscription until Tuesday, July 29, 2025.
Proceeds from the issue will be used for capital expenditure, working capital, and general corporate purposes. The company, with a legacy of over 40 years in manufacturing automotive and white goods components, reported a PAT of ₹997.16 lakh in FY25, reflecting robust financial performance.
Lead Managers & Registrar
- Book Running Lead Manager: Gretex Corporate Services Limited
- Registrar to the Issue: Purva Sharegistry (India) Private Limited
Sellowrap Industries IPO is scheduled for listing on the NSE Emerge platform under the T+3 listing framework, with allotment expected by July 31 and listing by August 1, 2025.
Stay tuned for daily updates on subscription levels across investor categories until the close of the issue.
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