Spunweb Nonwoven shares list with a stellar 57% premium on the NSE SME: Hits upper circuit thereafter
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Mint
15 hours ago
- Mint
Sellowrap Industries shares list with 8% premium at ₹90 apiece on NSE SME
Sellowrap Industries share price made a decent debut in the Indian stock market today. Sellowrap Industries shares were listed at ₹ 90 apiece on the NSE SME, a premium of 8.43% to the issue price of ₹ 83 per share. Sellowrap Industries share listing was better than the Street estimates as seen from the trend in the grey market premium (GMP). Sellowrap Industries IPO GMP today ahead of listing was 6%. Sellowrap Industries IPO was an SME IPO and the equity shares of the automotive components manufacturer are listed on NSE Emerge, a platform for SME companies. The initial public offering (IPO) of Sellowrap Industries Ltd was open for subscription from July 25 to July 29. The IPO allotment was finalized on July 30, and Sellowrap Industries IPO listing date was today, August 1. Sellowrap Industries IPO price band was set at ₹ 83 per share. The company raised ₹ 30.28 crore from the book-building issue which was entirely a fresh issue of 36.48 lakh equity shares. Sellowrap Industries IPO subscribed 65.09 times in total. The public issue was booked 68.74 times in the retail investors category, 18.76 times in the Qualified Institutional Buyers (QIB) category, and 117.81 times in the Non-Institutional Investors (NII) category. Gretex Corporate Services is the book-running lead manager, while Purva Sharegistry India Pvt Ltd is the Sellowrap Industries IPO registrar.
Mint
15 hours ago
- Mint
Sellowrap Industries shares list with 8% premium at ₹90 apiece on NSE SME
Sellowrap Industries share price made a decent debut in the Indian stock market today. Sellowrap Industries shares were listed at ₹ 90 apiece on the NSE SME, a premium of 8.43% to the issue price of ₹ 83 per share. Sellowrap Industries share listing was better than the Street estimates as seen from the trend in the grey market premium (GMP). Sellowrap Industries IPO GMP today ahead of listing was 6%. Sellowrap Industries IPO was an SME IPO and the equity shares of the automotive components manufacturer are listed on NSE Emerge, a platform for SME companies. The initial public offering (IPO) of Sellowrap Industries Ltd was open for subscription from July 25 to July 29. The IPO allotment was finalized on July 30, and Sellowrap Industries IPO listing date was today, August 1. Sellowrap Industries IPO price band was set at ₹ 83 per share. The company raised ₹ 30.28 crore from the book-building issue which was entirely a fresh issue of 36.48 lakh equity shares. Sellowrap Industries IPO subscribed 65.09 times in total. The public issue was booked 68.74 times in the retail investors category, 18.76 times in the Qualified Institutional Buyers (QIB) category, and 117.81 times in the Non-Institutional Investors (NII) category. Gretex Corporate Services is the book-running lead manager, while Purva Sharegistry India Pvt Ltd is the Sellowrap Industries IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
18 hours ago
- Economic Times
Sellowrap Industries IPO listing today. Check GMP ahead of debut
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sellowrap Industries will debut on the NSE SME platform on Friday following a robust response to its Rs 30.28-crore public issue. The IPO, priced at Rs 83 per share, is currently commanding a grey market premium (GMP) of Rs 5, hinting at a likely listing around Rs 88, translating into a modest 6% the lukewarm GMP, investor interest in the issue remained strong. The IPO was subscribed a healthy 65.09 times overall, led by 117.81 times subscription in the HNI segment and 68.74 times in the retail category, while Qualified Institutional Buyers (QIBs) pitched in with 18.76 times issue was entirely a fresh issue of 36.48 lakh shares, with the company planning to use the proceeds for capital expenditure, working capital, and general corporate purposes. Ahead of the IPO, Sellowrap raised Rs 8.59 crore from anchor in Gurugram, Sellowrap Industries manufactures adhesive and non-adhesive components for automotive and white goods sectors, offering plastic injection moulding parts, PU foam mouldings, screen sealing components, and EPP clients include marquee domestic and global OEMs, supported by four manufacturing units** spread across Gurugram, Ranipet, Kancheepuram, and company reported a 17% growth in revenue to Rs 163 crore and a 68% jump in net profit to Rs 9.97 crore for and analysts now await the listing to see whether the scrip can outperform modest grey market expectations and deliver a stronger-than-predicted debut.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
