Sellowrap Industries IPO Subscribed 65x Times; GMP Up 17% - Check Allotment Date, Status And Listing Date
The unlisted shares of Sellowrap Industries were trading at Rs 97.5 a piece on the grey market, indicating a listing gain of over 17% per share over the upper limit of the issue price.
The initial public offering (IPO) of Sellowrap Industries Ltd., which opened for bidding on Friday, closed for subscription on Tuesday, July 29.
The SME issue was subscribed over 65 times on Day 3.
Here's all you need to know about the Sellowrap Industries IPO, including the price band, offer size, Day 3 subscription status, latest grey market premium, allotment date, allotment status, listing date and more.
Sellowrap Industries IPO GMP
According to Investorgain, the grey market premium (GMP) for Sellowrap Industries IPO stood at Rs 14.5 apiece at 5 p.m. on July 29. The unlisted shares of Sellowrap Industries were trading at Rs 97.5 (Rs 83 + Rs 14.5) a piece on the grey market. The GMP reflects a potential listing gain of 17.47% per share over the upper limit of the issue price.
Note: GMP does not represent official data and is based on speculation.
Sellowrap Industries IPO Day 3 Subscription Status
The SME IPO of Sellowrap Industries was booked 65.09 times on Tuesday.
Qualified Institutions: 18.76 times
Non-Institutional Investors: 117.81 times
Retail Investors: 68.74 times
Subscription status will be updated at regular intervals
Sellowrap Industries IPO Offer Size, Price Band, Day 2 Subscription Status
Sellowrap Industries IPO is a book-building issue worth Rs 30.28 crore. The SME issue consists entirely of a fresh issue of 36.48 lakh shares in the market.
The IPO price band has been fixed at Rs 79 to Rs 83 per share. The company has fixed the IPO lot size at 1,600 shares. Retail investors need to apply for a minimum of two lots (3,200 shares), amounting to an investment of at least Rs 2,65,600. The minimum application size for High Networth Individuals (HNIs) is three lots, or 4,800 shares, aggregating to Rs 3,98,400.
The company has set aside 6,91,200 shares for the Qualified Institutional Buyers (QIBs) and 5,23,200 shares for the Non-Institutional Investors. Retail portion of the IPO comprises 12,16,000 shares.
Gretex Corporate Services is the lead manager for Sellowrap Industries IPO, while Purva Sharegistry India has been appointed as the registrar for the issue.
The SME issue was subscribed 4.29 times on the second day of bidding on July 28.
Sellowrap Industries IPO Allotment And Listing Date
The Sellowrap Industries IPO share allotment status is expected to be finalised on Wednesday, July 30. The company will initiate refunds and the transfer of shares to respective demat accounts on Thursday, July 31.
Shares of Sellowrap Industries will debut on the NSE SME platform on Friday, August 1.
Sellowrap Industries IPO Allotment Status
Investors who bid for the issue can check the share allotment status for Sellowrap Industries IPO on the websites of NSE and Purva Sharegistry India, the registrar for the issue.
Sellowrap Industries Business And Use Of IPO Proceeds
Founded in 1983, Sellowrap Industries manufactures adhesive and non-adhesive components for automotive, non-automotive and white goods industries. It operates four advanced manufacturing units across Gurugram, Ranipet, Kancheepuram and Pune.
The company’s revenue stood at Rs 163.31 crore in FY25, up 17% compared to Rs 139.09 crore a year ago. Its profit after tax stood at nearly Rs 10 crore in FY25 compared to Rs 5.9 crore in the preceding fiscal.
The company plans to utilise the IPO proceeds for capital expenditure, funding of working capital and general corporate purposes
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
