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Economic Times
6 days ago
- Business
- Economic Times
Sellowrap Industries IPO opens today; Check all details here
Sellowrap Industries launches its Rs 30.28 crore IPO today, priced at Rs 79-83 per share, aiming for NSE SME listing on August 1. Synopsis Sellowrap Industries is launching its initial public offering today. The IPO aims to raise funds for expansion and working capital. The price band is Rs 79-83 per share. The IPO will remain open until July 29. Listing on NSE SME is scheduled for August 1. The company manufactures auto parts and supplies to domestic and global markets. Auto parts maker Sellowrap Industries will open its Rs 30.28 crore IPO today with a price band of Rs 79–83 per share. The issue is entirely a fresh issue of 36.48 lakh equity shares and will close on July 29. Listing is slated for August 1 on NSE SME. ADVERTISEMENT The lot size is 1,600 shares, requiring a minimum investment of Rs 2,65,600 for retail investors. The IPO is witnessing modest demand in the unofficial market, with a grey market premium (GMP) of around Rs 14, implying a potential 17% listing gain. Proceeds from the fresh issue will be used for capital expenditure towards purchase of plant and machinery, infrastructure development and other auxiliary equipment. The funds will also be deployed for funding the working capital requirements of the company and general corporate purposes. Sellowrap, founded in 1983, manufactures plastic injection moulding parts, PU foam mouldings, labels, and sealing components for the automotive and white goods company has four manufacturing facilities in Gurugram, Pune, Ranipet, and Kancheepuram and supplies to marquee OEMs domestically and globally. It exports to Brazil, Germany, the UK, and other key markets. ADVERTISEMENT In FY25, the company clocked a revenue of Rs 163.3 crore, up 17% YoY, and net profit grew 68% to Rs 9.97 crore. Gretex Corporate Services is the book-running lead manager of the Sellowrap Industries IPO, while Purva Sharegistry India is the registrar. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
6 days ago
- Automotive
- Time of India
Sellowrap Industries IPO opens today; Check all details here
Auto parts maker Sellowrap Industries will open its Rs 30.28 crore IPO today with a price band of Rs 79–83 per share. The issue is entirely a fresh issue of 36.48 lakh equity shares and will close on July 29. Listing is slated for August 1 on NSE SME. Sellowrap Industries IPO GMP Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Public Policy Finance Healthcare Digital Marketing Others Design Thinking healthcare Degree PGDM Operations Management Product Management Artificial Intelligence CXO Data Science MBA Technology others Leadership Management Data Science Project Management MCA Data Analytics Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo The lot size is 1,600 shares, requiring a minimum investment of Rs 2,65,600 for retail investors. The IPO is witnessing modest demand in the unofficial market, with a grey market premium (GMP) of around Rs 14, implying a potential 17% listing gain. Proceeds from the fresh issue will be used for capital expenditure towards purchase of plant and machinery, infrastructure development and other auxiliary equipment. The funds will also be deployed for funding the working capital requirements of the company and general corporate purposes. Company profile: Sellowrap, founded in 1983, manufactures plastic injection moulding parts, PU foam mouldings, labels, and sealing components for the automotive and white goods sectors. Live Events The company has four manufacturing facilities in Gurugram, Pune, Ranipet, and Kancheepuram and supplies to marquee OEMs domestically and globally. It exports to Brazil, Germany, the UK, and other key markets. In FY25, the company clocked a revenue of Rs 163.3 crore, up 17% YoY, and net profit grew 68% to Rs 9.97 crore. Gretex Corporate Services is the book-running lead manager of the Sellowrap Industries IPO, while Purva Sharegistry India is the registrar.
Mint
21-07-2025
- Business
- Mint
Spunweb Nonwoven shares list with a stellar 57% premium on the NSE SME: Hits upper circuit thereafter
Spunweb Nonwoven shares listed with a stellar 57% premium on the NSE SME on Monday. The shares gained further to hit 5% upper circuit
Economic Times
15-07-2025
- Business
- Economic Times
Spunweb Nonwoven IPO: GMP robust at 26% on Day 2 of bidding. Check subscription status, other details
The shares of Spunweb Nonwoven, the initial public offering (IPO) of which opened on Monday, are trading at a healthy grey market premium (GMP) of 26% or Rs 25–30 in the unlisted market on the second day of the bidding process. ADVERTISEMENT This means that investors can expect the shares of Spunweb Nonwoven to list at a premium of about Rs 25–30 on the NSE SME platform. On the first day of the issue, the IPO garnered an overall subscription of 7.61 times, receiving 3,46,15,200 bids against the reserved 45,48,000 shares. The individual investors made 11,408 bids for 2,73,79,200 shares, while the non-institutional investors (NIIs) bid for 72.36 lakh shares of the company via 880 the end of Day 1, the qualified institutional buyers (QIBs) had not made any bids. ADVERTISEMENT Investors can apply for a minimum of 2,400 shares, amounting to Rs 2.30 lakh, making it suitable primarily for well-funded retail and HNI IPO proceeds will be used for working capital needs, investment in its subsidiary SIPL, and partial debt repayment. ADVERTISEMENT The book-built issue comprises a completely fresh offering of 63.52 lakh shares, targeting a fundraise of Rs 61 crore. The price band has been fixed at Rs 90 to Rs 96 per share. The offer is scheduled to close on July 16, with the stock set to be listed on the NSE SME in 2015 and headquartered in Rajkot, Gujarat, Spunweb produces nonwoven fabric used in sectors such as hygiene, medical, packaging, agriculture, and construction. On the financial front, the company reported strong performance in FY25, with revenue rising 47% and profit increasing by 98%, while EBITDA nearly doubled compared to the previous year. ADVERTISEMENT The IPO for Spunweb Nonwoven opened on July 14 and will close on July 16, with the share allotment likely to take place on July 17. The listing of Spunweb Nonwoven shares is tentatively scheduled for July 21. Also read: Smartworks Coworking Spaces IPO allotment. Check status, GMP and other details (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
14-07-2025
- Business
- Mint
Smarten Power Systems shares list with strong 44% premium at ₹144 on the NSE SME
Smarten Power Systems shares, on Monday, listed with a strong 44% premium at ₹ 144 on the NSE SME. The shares gained more post-listing. The Smarten Power Systems share, after listing at ₹ 144, gained further to intraday highs of ₹ 151.25. This meant more than 50% gains for the Smarten Power Systems shares compared to the IPO or offer price of ₹ 100. The investor had remained optimistic on the listing of the Smarten Power Systems shares, as was indicated by the subscription numbers and the Grey Market premium for the IPO. Smarten Power Systems IPO was subscribed 5.5 times by the end of day 3, the final day for the IPO. By 9 July 2025, the public offering was subscribed to 4.66 times by individual investors, [.] times by QIB, and 6.31 times by NII. In the Smarten Power Systems IPO, the grey market premium, or GMP, stood at ₹ 15 per share. This had indicated that the Smarten Power Systems shares were available in the grey market at ₹ 15 higher than the upper band of the issue price of ₹ 100. This also had indicated that the market participants were expecting the listing of Smarten Power Systems shares to be 15% above the issue price of ₹ 100 at ₹ 115 per share, as indicated by investor Certainly at ₹ 144, the listing of Smarten Power Systems shares was higher than the expected listing as indicated by the Grey Market premium. Smarten Power Systems Limited was founded in 2014 and creates and builds solar and power backup equipment, such as charge controllers, solar inverters, power conditioning units, and home UPS systems. It also sells solar panels and batteries.
