Sellowrap Industries SME IPO Subscribed 43.39 Times on Final Day; Retail Frenzy Drives Historic Response
By Shishta Dutta | Published at: Jul 29, 2025 07:33 PM IST
Mumbai, July 29, 2025 (17:00 IST) — Sellowrap Industries Limited witnessed a phenomenal response to its ₹83 crore SME IPO, which closed today with an overall subscription of 65.09 times, powered by overwhelming participation from retail and non-institutional investors (NIIs). The issue received total bids for 15.82 crore equity shares against the offer size of 36.48 lakh shares.
The IPO, which opened on July 25, 2025, with a price band set at ₹83, is being seen as one of the most oversubscribed SME issues of the year.
Final Subscription Status (As on July 29, 2025 – 5:00 PM)
| Category | Applications | Shares Offered | Shares Bid | Times Subscribed |
|---|---|---|---|---|
| QIBs | 21 | 6,91,200 | 1,29,66,400 | 18.76x |
| Non-Institutional Investors (NII) | 6,231 | 5,23,200 | 6,16,38,400 | 117.81x |
| Retail Individual Investors (RII) | 26,120 | 12,16,000 | 8,35,84,000 | 68.74x |
| Total | 32,372 | 24,30,400 | 15,81,88,800 | 65.09x |
Key Observations
- Retail Investors (RII) dominated the issue, applying for over 8.35 crore shares, indicating ~68.7x oversubscription in this category alone.
- Non-Institutional Investors (NII) showed aggressive interest with over 6.16 crore shares bid, nearly 117.81 times oversubscription.
- QIB participation entered strongly on the final day, led primarily by FIIs and other institutions, with demand exceeding 18x (category-wise basis).
- The IPO saw over 32,000 applications, a rare milestone for SME issues.
About Sellowrap Industries Limited
Sellowrap Industries Limited is a four-decade-old engineering solutions provider, manufacturing adhesive and non-adhesive components for automotive, industrial, and white goods sectors. With plants in Gurugram, Pune, Kancheepuram, and Ranipet, the company serves over 140 B2B clients, including 96 repeat buyers.
Next Steps
- Basis of Allotment is expected by Thursday, July 31, 2025
- Listing on NSE Emerge is likely on Friday, August 1, 2025
- Refunds and credit of shares will follow under the T+3 listing timeline
Lead Manager & Registrar
- Book Running Lead Manager: Gretex Corporate Services Limited
- Registrar to the Issue: Purva Sharegistry (India) Private Limited
Investor Takeaway
With such extraordinary demand, allotment will be extremely tight—especially in the retail and HNI categories. Investors are advised to track the registrar’s website for allotment status updates post July 31.
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
