Sellowrap Industries NSE SME

Sellowrap Industries SME: Check IPO Date, Live Subscription and Key Details

Sellowrap Industries Limited, established in 2004 (originally as a proprietary firm in 1983), is a prominent manufacturer of customized components for the automotive, non-automotive, and white goods industries. The company operates in the B2B segment, offering both adhesive and non-adhesive processed components. Their key products include Plastic Injection Moulding Parts (Interior & Exterior), PU-Foam-Moulding, Foam / Label & Stickers Products, Screen Sealing Parts, and EPP Moulding. Sellowrap Industries has a strong market presence domestically across 15 states.

Min Investment
₹132800
Price Range
₹79.00-83.00
Issue Size
₹28.76 Cr
IPO Type
NSE SME

Key Metrics

Check Live GMP

Face Value
₹10
EPS
7.26
P/E Ratio
11.44
RoNW
21.44%
ROE
21.25%
Debt to Equity
0.81

Timeline

IPO Opens

25 Jul

IPO Closes

29 Jul

Allotment

30 Jul

Listing

1 Aug

IPO Objectives

  • Capital Expenditure towards purchase of Plant & Machinery, Infrastructure Development and Other Auxiliary Equipments.
  • Funding the Working Capital Requirements of the Company.
  • General Corporate Purposes.

Strengths

  • Comprehensive portfolio of customized components for automotive, non-automotive, and white goods industries, offering both adhesive and non-adhesive processed components.
  • Long-Term Relationships with Marquee Domestic and Global OEMs (Original Equipment Manufacturers), ensuring stable demand and repeat business.
  • Integrated Manufacturing Facilities across Gurugram, Ranipet, Kancheepuram, and Pune, equipped with the latest technology and backed by R&D centers and warehouses, ensuring quality and efficiency.
  • Strong focus on quality control, safety, and Zero Defects, adhering to industry standards like IATF 16949:2016, ISO 27001:2013, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
  • Consistent Financial Performance with revenue increasing by 17% and profit after tax (PAT) rising by 68% between FY24 and FY25, indicating operational efficiency.

Weaknesses

  • Revenue concentration risk due to a limited client base (top 10 customers contributed over 50% of revenue in FY25), making the company vulnerable to the loss of major clients or changes in their purchasing patterns.
  • Exposure to fluctuations in raw material prices (plastics, foams, adhesives) which can impact profitability if not effectively managed or passed on to customers.
  • Working capital intensive business, as evidenced by significant working capital requirements and utilization of IPO proceeds for this purpose.
  • Competition from both organized and unorganized players in the automotive components and white goods industries, which can lead to pricing pressures and impact market share.
  • Negative cash flows from investing activities (e.g., -₹28.32 crore in FY25), which may necessitate external funding for capital expenditures and expansion.

Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)143.0299.7992.82
Revenue (₹ Cr.)163.31139.09133.43
PAT (₹ Cr.)9.975.952.86
Net Worth (₹ Cr.)46.9332.9627.02

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Sellowrap Industries1.711.4421.2546.93
Machino Plastics Ltd.2.9418.4413.4954.59
PPAP Automotive Limited1.2551.612.43283

Subscription Details

Daily Bids Status

DateDay 1Day 2Day 3
QIB0.00x0.00x18.76x
NII3.60x6.67x117.81x
RII1.01x5.70x68.73x
Total1.28x4.29x65.09x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB6,91,2001,29,66,400107.62
NII5,23,2006,16,38,400511.60
RII12,16,0008,35,80,800693.72
Total24,30,40015,81,85,6001,312.94

Company Details

  • 208, Plot No C 5, Abhishek Building, Dalia Estate, New Link Road, Andheri (W), Mumbai, Maharashtra-400053
  • 022 6675 0560
  • contact@sellowrap.com
  • https://www.sellowrap.com/

Registrar Details