Sellowrap Industries Limited to Launch IPO on July 25, 2025; Over Four Decades of Automotive Expertise Enters Capital Markets
Founded as a proprietary firm in 1983 by Mr. Sushil Kumar Poddar and formally incorporated as a private limited company in 2004, Sellowrap Industries has evolved over four decades into a trusted manufacturer of both adhesive and non-adhesive processed components. With a diversified customer base of major domestic and global OEMs, the company operates across Gurugram, Ranipet, Kancheepuram, and Pune, covering approximately 5 acres of cumulative production space.
The IPO is priced in a band of ₹79 to ₹83 per share, and the minimum application lot size is 3200 equity shares. The allocation will be made in accordance with SEBI guidelines, with 6,91,200 shares reserved for Qualified Institutional Buyers (QIBs), 5,23,200 shares for Non-Institutional Investors (NIIs), 12,16,000 shares for Retail Individual Investors (RIIs), and 1,82,400 shares for Market Makers. The Anchor Book will open on July 24, 2025, ahead of the public issue. There are 10,35,200 shares reserved for Anchor.
With a well-integrated business model, in-house R&D capabilities, and advanced facilities for foam and plastic component production, Sellowrap delivers solutions that prioritize cost-efficiency, innovation, and global quality compliance. The company forms part of the SK Group, which also includes M/s Saurabh Marketing Pvt. Ltd., Sellowrap EPP Pvt. Ltd., Prystine Food & Beverages Pvt. Ltd., and Group Company Proton Consultancy Services Pvt. Ltd.
The Company's Promoter and Managing Director, Mr. Saurabh Poddar, stated, 'This IPO is not just a financial milestone but a strategic enabler for our future. With over four decades of domain knowledge, we are ready to scale and innovate further, deepening our footprint in both Indian and global markets while continuing to serve OEMs with quality, precision, and value.'
The net proceeds from the fresh issue will be used for funding capital expenditure towards plant and machinery, Infrastructure Development and Other Auxiliary Equipment, working capital requirements, and general corporate purposes, strengthening Sellowrap's operational capacity and competitiveness.
The Book Running Lead Manager to the issue is Gretex Corporate Services Limited, and the Registrar to the Offer is Purva Sharegistry (India) Private Limited. For more information, please visit: www.sellowrap.com
(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI
This is an auto-published feed from PTI with no editorial input from The Wire.
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