Sellowrap Industries IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Sellowrap Industries Limited (Formerly known as Sellowrap Industries Private Limited) is a manufacturing company, headquartered in Mumbai, specializing in the production of customized components for the automotive and white goods industries. Operating in the B2B sector, they offer both adhesive and non-adhesive processed components, delivering solutions that emphasize quality, cost-efficiency, and maximum customer value.

Sellowrap Industries, an Book Built Issue, amounting to ₹ 30.27 Crores, consisting entirely an Fresh Issue of 36.48 Lakh SharesThe subscription period for the Sellowrap Industries IPO opens on July 25, 2025, and closes on July 29, 2025. The allotment is expected to be finalized on or about Wednesday, July 30, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, August 01, 2025.

The Share Price Band of Sellowrap Industries IPO is set at ₹ 79 to ₹ 83 per equity share. The Market Capitalisation of the Sellowrap Industries at IPO price of ₹ 83 per equity share will be ₹ 114.07 Crores. The lot size of the IPO is 1,600 shares. Individual investors are required to invest a minimum of 2 lots (3,200 shares), amounting to ₹ 2,65,600.

GRETEX CORPORATE SERVICES LIMITED is the book running lead manager of the Sellowrap Industries, while PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED is the registrar for the issue. Gretex Share Broking Limited is the Market Maker for Sellowrap Industries IPO.

Sellowrap Industries Limited IPO GMP Today
The Grey Market Premium of Sellowrap Industries IPO is expected to be ₹ 10 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Sellowrap Industries Limited IPO Live Subscription Status Today: Real-Time Update
As of 11:30 AM on 25 July, 2025, the Sellowrap Industries Limited IPO live subscription status shows that the IPO subscribed 0.10 times on its First Day of subscription period. Check the Sellowrap Industries IPO Live Subscription Status Today at 
NSE
.

Sellowrap Industries IPO Anchor Investors Report
Sellowrap Industries has raised ₹ 8.59 Crores from Anchor Investors at a price of ₹ 83 per shares in consultation of the Book Running Lead Managers. The company allocated 10,35,200 equity shares to the Anchor Investors. 
Check Full List of Sellowrap Industries Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Sellowrap Industries Limited Day Wise IPO GMP Trend

Date

IPO Price

Expected Listing Price

GMP

Last Updated 

22 July 2025 ₹ 83 ₹ 93 ₹ 10 (12.05%) 09:00 PM; 22 July 2025


Sellowrap Industries Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Sellowrap Industries IPO allotment date is 30 July, 2025, Wednesday. Sellowrap Industries IPO Allotment will be out on 30th July, 2025 and will be live on Registrar Website from the allotment date. 
Check Sellowrap Industries IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Sellowrap Industries Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Sellowrap Industries Limited IPO
Sellowrap Industries to utilise the Net Proceeds towards the following objects: 
a) ₹ 1,239.85 Lakh is required for Capital Expenditure towards Purchase of Plant & Machinery, Infrastructure Development and Other Auxiliary Equipment’s.
b) ₹ 1,000.00 Lakh is required for Funding the Working Capital Requirements of the Company
c) General Corporate Purposes

Refer to Sellowrap Industries Limited RHP for more details about the Company.

Sellowrap Industries IPO Details

IPO Date July 25, 2025 to July 29, 2025
Listing Date August 01, 2025
Face Value ₹ 10.00
Price ₹ 79 to ₹ 83 per share
Lot Size 1,600 Equity Shares
Total Issue Size 36,48,000 Equity Shares (aggregating up to ₹ 30.27 Cr)
Fresh Issue 36,48,000 Equity Shares (aggregating up to ₹ 30.27 Cr)
Offer for Sale NA
Issue Type Book Built Issue
Listing At NSE SME
Share holding pre issue 1,00,96,220
Share holding post issue 1,37,44,220

Sellowrap Industries IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 3,200 ₹2,65,600
Retail (Max) 2 1,600 ₹2,65,600
S-HNI (Min) 3 4,800 ₹3,98,400
S-HNI (Max) 7 11,200 ₹9,29,600
B-HNI (Min) 8 12,800 ₹10,62,400

Sellowrap Industries IPO Timeline (Tentative Schedule)

IPO Open Date Friday, July 25, 2025
IPO Close Date Tuesday, July 29, 2025
Basis of Allotment Wednesday July 30, 2025
Initiation of Refunds Thursday, July 31, 2025
Credit of Shares to Demat Thursday, July 31, 2025
Listing Date Friday, August 1, 2025
Cut-off time for UPI mandate confirmation 5 PM on July 29, 2025

Sellowrap Industries IPO Reservation

Investor Category Shares Offered Reservation %
QIB Portion 6,97,600 Not More than 50% of the Issue
Non-Institutional Investor Portion 5,19,840 Not Less than 15% of the Issue
Retail Shares Offered 12,12,960 Not Less than 35% of the Issue
Market Maker Portion 1,82,400 5.00% of the Net Issue
Anchor Investor Portion 10,35,200 Allotted from QIB Portion

Sellowrap Industries IPO Promoter Holding

Share Holding Pre Issue 92.18 %
Share Holding Post Issue 67.71 %

Sellowrap Industries IPO Subscription Status

Investor Category Shares Offered Shares Bid For No oF Times Subscribed
Qualified Institutional Buyers (QIB) 17,32,800 - 0.00
Non Institutional Investors(NIIS) 7,02,240 70,400 0.10
Retail Individual Investors (RIIs) 12,12,960 41,600 0.03
Total 36,48,000 3,48,800 0.10

About Sellowrap Industries Limited

BUSINESS OVERVIEW

Sellowrap Industries Limited, headquartered in Mumbai, is a B2B manufacturing company specializing in customized components for the automotive, non-automotive, and white goods industries. With over four decades of presence in the automobile sector, the company delivers adhesive and non-adhesive processed components focused on quality, cost-efficiency, and customer value.

Manufacturing operations span across Gurugram, Ranipet, Kancheepuram, and Pune, covering approximately 5 acres of production space. Facilities are equipped with advanced technology, supported by centralized R&D centers and warehouses, ensuring compliance with global quality standards.

The R&D laboratory functions as a pilot industrial plant, enabling rigorous product testing and chemical experimentation to ensure innovation, process efficiency, and product excellence before scaling up production.

Product Range

  • Adhesive Parts

  • Non-Adhesive Parts

  • Plastic Injection Moulded Parts (Interior & Exterior)

  • PU Foam Moulding

  • Foam, Labels & Stickers

  • Screen Sealing Parts

  • EPP Moulding

  • Brought-out Parts

As on June 30, 2025 there are total of 159 employees on payroll and 635 Contractual Employees. The Banker to the comapny is HDFC Bank Limited.

INDUSTRY ANALYSIS

Industry Analysis: Automobile & Allied Sectors in India

The Indian automobile industry serves as a key barometer of the nation’s economic health, significantly contributing to macroeconomic growth and technological progress. Among the various segments, two-wheelers dominate in volume, driven by a growing middle class and a predominantly young population. Expanding interest in rural markets has also supported this momentum.

The commercial vehicle segment is witnessing rising demand, supported by growth in logistics and passenger transport. Looking ahead, emerging trends such as vehicle electrification—especially for three-wheelers and compact cars—are expected to accelerate market expansion.

India holds a strong global position in heavy vehicles, being the world’s largest tractor manufacturer, second-largest bus manufacturer, and third-largest producer of heavy trucks. In FY23, India produced 25.9 million vehicles, demonstrating strong domestic demand and growing export potential. In September 2024 alone, production of passenger vehicles, two-wheelers, three-wheelers, and quadricycles reached 2.77 million units. Exports stood at 4.76 million units in FY23, underlining India’s global competitiveness.

The sector’s GDP contribution has risen from 2.77% in 1992-93 to approximately 7.1% today, employing around 19 million people, directly and indirectly. Initiatives such as the Automotive Mission Plan 2026, Vehicle Scrappage Policy, and the PLI scheme are paving the way for India to become a global leader in two- and four-wheeler manufacturing.


Market Size & Growth Outlook

  • The passenger car market in India was valued at US$ 32.7 billion in 2021, and is projected to grow to US$ 54.84 billion by 2027, at a CAGR of over 9%.

  • The global Electric Vehicle (EV) market, valued at US$ 250 billion in 2021, is expected to quintuple to US$ 1.31 trillion by 2028.

  • In FY24 (till January), EV sales in India reached 1.32 million units.

  • India’s EV market is estimated to reach ₹50,000 crore (US$ 7.09 billion) by 2025 and presents a US$ 206 billion opportunity by 2030, requiring US$ 180 billion in investments across manufacturing and charging infrastructure.

  • As per NITI Aayog and RMI, India’s EV financing sector alone is poised to grow to US$ 50 billion by 2030.

  • According to IESA, India’s EV market is expected to grow at a CAGR of 36% until 2026, while the EV battery market will expand at 30% CAGR.

India also aims to increase its vehicle exports fivefold by 2026, building on the 36.52 lakh two-wheeler exports in FY23.


Future Prospects & Government Initiatives

Key growth enablers include:

  • Availability of low-cost skilled labor

  • Strong R&D ecosystem

  • Competitive steel prices

  • Massive domestic market potential

The EV industry alone is expected to generate 50 million jobs by 2030.

The PLI Scheme for Automobiles and Auto Components has been extended to FY2027-28, attracting ₹67,690 crore (US$ 8.1 billion) in proposed investments—surpassing the original estimate of ₹42,500 crore.

The Indian government is prioritizing the development of a low-carbon, high-density urban mobility ecosystem, as seen with the launch of India’s first double-decker electric bus in Mumbai in 2022.

India also seeks to emerge as a global leader in shared mobility and autonomous vehicles by 2030.

In CY23, the sector showed recovery from COVID-19 disruptions, with single-digit growth across passenger, commercial, and two-wheeler segments, and a strong rebound in three-wheelers, supported by policy incentives.


Indian Auto Components Industry

Overview

India’s economic growth, rising disposable incomes, infrastructure expansion, and manufacturing incentives have propelled the auto industry and, by extension, the auto components sector.

In FY24:

  • The auto component industry accounted for 2.3% of India’s GDP

  • It directly employed over 1.5 million people

  • Projected to contribute 5-7% of GDP by 2026, creating 3.2 million incremental jobs

India produced 100,000 electric cars and 900,000 electric two-wheelers in 2024. However, ICE vehicles still dominate, with 20 million two-wheelers and 5 million cars produced.


Market Size & Exports

  • The industry turnover reached ₹6.14 lakh crore (US$ 74.1 billion) in FY24, growing 9.8% YoY

  • Domestic OEMs contributed 54% of the turnover, aftermarket 10%, and exports 18%

  • Exports stood at US$ 21.2 billion, while imports were US$ 20.9 billion, yielding a US$ 300 million trade surplus

  • North America (32% share), Europe (33%), and Asia (24%) are the top export destinations

  • Key exports include drive transmission systems, steering, engine components, body/chassis, and braking systems

  • By 2026, exports are expected to touch US$ 30 billion, and total revenue is projected at US$ 200 billion


Growth Outlook

With global shifts toward electric, hybrid, and smart vehicles, India’s auto components sector is set for transformation. Investments are being directed toward:

  • Lightweight and sustainable materials

  • R&D and innovation

  • Digitalization and data analytics

  • Global supply chain integration

The Indian government is supporting this shift through capital goods import exemptions and infrastructure development (e.g., EV charging stations, set to rise from 1,800 in 2021 to 400,000 by 2026).

India’s component exports are expected to grow by 4-5% annually, reaching US$ 80 billion by 2026, making it the third-largest auto component industry globally.


Indian Plastic Moulding Market

India’s plastic moulding market was valued at US$ 45.13 million in 2024 and is projected to reach US$ 53.64 million by 2030, growing at a CAGR of 3.12%.

Plastic moulding is widely adopted across automotive, consumer goods, electronics, packaging, and healthcare industries. India hosts over 30,000 plastic processing units, utilizing techniques such as injection moulding, blow moulding, and extrusion.

Factors propelling growth:

  • Urbanization and industrial expansion

  • Rising demand for consumer products

  • Government programs like ‘Make in India’

  • Cost-effective production techniques


India PU Foam Moulding Market (2024–2031)

India’s polyurethane (PU) foam market was worth US$ 2.8 billion in 2022 and is expected to touch US$ 5.18 billion by 2031, growing at a CAGR of 8.0%.

Growth drivers:

  • Strong GDP growth (6.8% in 2022, 6.4% expected in 2024)

  • Rising demand across automotive, construction, and consumer goods

  • Expansion of petrochemicals sector, expected to contribute 10% of global growth


Geographic Insights: West India

West India holds a 27.5% market share in PU foam due to:

  • Industrial hubs in Maharashtra and Gujarat (notably Mumbai, Pune, Ahmedabad)

  • Access to strategic ports like Mumbai, Kandla, and Mundra

  • High export orientation in packaging, textiles, and auto sectors


Conclusion

India's automobile and allied sectors are on a transformative path, backed by strong domestic consumption, rising exports, policy support, and a pivot toward electrification and sustainability. With significant opportunities in EVs, auto components, plastic moulding, and PU foams, India is well-positioned to become a global automotive hub by the end of the decade.

BUSINESS STRENGTHS

1. Commitment to Quality, Safety & Zero Defects
Consistent track record of zero defects and no customer complaints, driven by stringent quality control protocols and robust manufacturing practices.

2. Diverse Product Portfolio for Automotive and White Goods
Offers a wide range of performance-engineered components, including Plastic Injection Moulded Parts, PU Foam Moulding, Foam Components, Stickers & Labels, Screen Sealing Parts, and EPP Parts, catering to automotive, non-automotive, and white goods sectors.

3. Long-Term Partnerships with Leading OEMs
Established, long-standing relationships with domestic and global OEMs, ensuring integrated supply of high-quality, performance-aligned components.

4. Integrated & Strategically Located Manufacturing Facilities
Facilities across NCR, Maharashtra, and Tamil Nadu, spread over ~5 acres, enable proximity to OEMs and Tier-1 suppliers, ensuring cost efficiency, timely delivery, and precision production.

5. Dedicated R&D Centre Driving Innovation
A focused R&D facility in Ranipet, Tamil Nadu, staffed by 11 engineers, supports product innovation, process improvement, and alignment with global automotive standards.

6. Experienced Leadership & Skilled Workforce
Governed by an experienced Board and supported by a multidisciplinary team, with deep domain knowledge and agility to adapt to market dynamics.

7. Robust Information Security Framework
Certified under ISO 27001:2013 ISMS and implementing TISAX, meeting international standards for data protection and cybersecurity, especially relevant for global OEM collaboration.

BUSINESS STRATEGIES

1. Sustainability-Driven ESG Focus
Sustainability forms the backbone of business strategy, guided by ESG principles. Since August 2023, operations have increasingly integrated eco-friendly practices, human capital development, diversity, and community engagement.

2. Dual Growth Approach: Organic and Inorganic Expansion
Growth is driven through a mix of organic scaling and inorganic methods like strategic partnerships and joint ventures, enabling rapid market expansion and operational synergies.

3. Product Diversification and Value Addition
The strategy emphasizes expanding into adjacent markets and offering value-added products to reduce single-product dependency and enhance portfolio resilience.

4. Brand Visibility through Industry Participation
Active engagement in trade fairs, exhibitions, and expos helps boost brand visibility, market awareness, and industry networking.

5. B2B Focus with Long-Term Collaborations
Emphasis is placed on establishing long-term B2B agreements that align with industry-specific needs, ensuring recurring revenue and sustained collaboration.

BUSINESS RISK FACTORS & CONCERNS

1. High Dependency on the Automotive Sector
Business performance is closely tied to the automotive industry, both domestically and globally. Political, economic, technological, or market fluctuations can directly affect component demand, thereby impacting revenue and profitability.

2. Operational Disruptions Risk
Manufacturing efficiency across facilities in Gurugram, Pune, Kancheepuram, and Ranipet is critical. Disruptions from strikes, equipment failure, regulatory changes, or workforce unavailability may adversely affect financial and operational results.

3. Customer Concentration Risk
A significant portion of revenue is derived from the top 10 customers. This concentration increases vulnerability to revenue volatility from factors such as order reductions, contract non-renewals, strategic shifts, or loss of key accounts. Absence of long-term agreements further adds to demand uncertainty.

Sellowrap Industries Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakh)

Period Ended Mar 31, 2025 Mar 31, 2024 Mar 31, 2023
Reserve of Surplus 4,342.54 3,006.08 2,411.56
Total Assets 14,302.17 9,979.37 9,282.20
Total Borrowings 3,800.27 3,169.01 3,002.44
Fixed Assets 5,335.17 3,331.02 3,218.62
Cash 7.02 7.98 15.89
Net Borrowing 3,793.25 3,161.03 2,986.55
Revenue 16,331.49 13,909.24 13,342.59
EBITDA 2,190.94 1,467.83 1,022.30
PAT 997.16 594.52 285.91
EPS 10.45 6.26 3.01

Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on 31st Mar, 2025 Data, given in 
RHP.

Key Performance Indicator

KPI Values
EPS Pre IPO (Rs.) ₹ 10.45
EPS Post IPO (Rs.) ₹ 7.26
P/E Pre IPO 7.94
P/E Post IPO 11.44
ROE 21.25 %
ROCE 18.86 %
P/BV 1.70
Debt/Equity 0.81
RoNW 21.44 %

Sellowrap Industries Limited IPO Peer Comparison

Company Name EPS ROCE ROE P/E (x) P/Bv Debt/Equity RoNW (%)
Sellowrap Industries Limited ₹ 7.26 18.86 % 21.25 % 11.44 1.70 0.81 21.44 %
Machino Plastics Limited ₹ 14.0 11.8 % 14.5 % 18.9 2.55 2.83 14.5 %
PPAP Automotive Limited ₹ 4.97 5.57 % 2.45 % 46.4 1.14 0.61 2.45 %
Sellowrap Industries Limited Contact Details

SELLOWRAP INDUSTRIES LIMITED

208, Plot No C 5, Abhishek Building, Dalia Estate, New Link Road, Andheri (W), Mumbai - 400053, Maharashtra, India
Contact Person : Ms. Shrushti Jignyanshu Gandhi
Telephone : +91 22 6675 0560
Email : contact@sellowrap.com
Website : 
https://sellowrap.com/

Sellowrap Industries IPO Registrar and Lead Manager(s)

Registrar : PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Contact Person : Ms. Deepali Dhuri
Telephone : +91 22 4961 4132
Email : newissue@purvashare.com
Website : 
https://www.purvashare.com/

Lead Manager : GRETEX CORPORATE SERVICES LIMITED
Contact Person : Mr. Pradip Agarwal
Telephone : +91 93319 26937
Email : info@gretexgroup.com
Website : 
https://gretexcorporate.com/

Sellowrap Industries IPO Review

Sellowrap Industries Limited (Formerly known as Sellowrap Industries Private Limited) is a manufacturing company, headquartered in Mumbai, specializing in the production of customized components for the automotive and white goods industries. Operating in the B2B sector, they offer both adhesive and non-adhesive processed components, delivering solutions that emphasize quality, cost-efficiency, and maximum customer value.

The Company has been serving major Original Equipment Manufacturers (OEMs) in India and abroad, by manufacturing components from a wide range of foam and plastic grades under the leadership of Mr. Sushil Kumar Poddar and Mr. Saurabh Poddar, with 32 and 18 years of experience respectively, Sellowrap Industries Limited continues to achieve robust growth by integrating innovation, operational efficiency and a customer-centric approach.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 16,331.49 Lakh, ₹ 13,909.24 Lakh and ₹ 13,342.59 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 2,190.94 Lakh, ₹ 1,467.83 Lakh and ₹ 1,022.30 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 997.16 Lakh, ₹ 594.52 Lakh and ₹ 285.91 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 10.45 and post-issue EPS of ₹ 7.26 for FY24. The pre-issue P/E ratio is 7.94x, while the post-issue P/E ratio is 11.44x. The company's ROCE for FY24 is 18.86%, ROE for FY24 is 21.25% and RoNW is 21.44%. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Sellowrap Industries showing listing gains of 12.05 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Sellowrap Industries Limited IPO for Listing gain.


Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com

About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.

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