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Sellowrap Industries IPO
Sellowrap Industries Ltd
₹1,26,400 /1600 sharesMinimum Investment
Sellowrap Industries IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹83.00 | ₹90.00 | ₹7.00 (8.43%) |
Sellowrap Industries IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Jul ‘25 - 29 Jul ‘25 | ₹2,52,800 | 1,600 | ₹79 - ₹83 |
| Issue Size | IPO Doc |
|---|---|
| 30.28Cr | RHP PDF |
Subscription rate
As of 29 Jul'25, 04:00 PM
| Qualified Institutional Buyers | 18.69x |
| Non-Institutional Investor | 111.30x |
| Retail Individual Investor | 62.99x |
| Total | 56.34x |
About Sellowrap Industries
Founded in
2004
Managing director
Mr Saurabh Poddar
Parent organisation
Sellowrap Industries Ltd
Strengths & Financials of Sellowrap Industries
Strengths
Risks
Sellowrap Industries claims to have a strong focus on quality control and safety, with an impeccable track record of zero defects and no customer complaints. It further states that this reputation for reliability is maintained through rigorous quality control measures and continuous attention to detail during production. The company has been recognised with the ‘Quality - Zero Defect’ award by Suzuki Motor Gujarat Private Limited and the bronze trophy for safety excellence at the ACMA Safety Excellence Awards 2024.
Sellowrap Industries claims to have built long-term, trusted partnerships with marquee original equipment manufacturers (OEMs) both in India and abroad. It states that these enduring relationships provide a consistent demand for the company’s products and facilitate collaborative innovation.
Sellowrap Industries claims to have strategically located manufacturing facilities in NCR, Maharashtra, and Tamil Nadu, spanning approximately 5 acres. These plants are designed to meet quality and efficiency standards and are equipped with advanced machinery to ensure precision production. The company further states that its proximity to major OEMs and Tier-1 customers enhances operational efficiency, reduces lead times, and enables it to maintain high production standards while scaling operations in response to market demands.
The company claims to have an in-house research and development (R&D) team based in Ranipet, Tamil Nadu, consisting of 11 engineers and innovators. This dedicated team focuses on advancing product offerings, integrating new materials and technologies, and enhancing product performance.
The company is ISO 27001:2013 certified for its information security management systems, ISO 45001:2018 certified for occupational health and safety, ISO 14001:2015 certified for its environmental management systems, and IATF 16949:2016 certified for automotive quality.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 131.76 crore in FY23 to Rs 138.02 crore in FY24 and Rs 162.45 crore in FY25. PAT increased from Rs 2.86 crore in FY23 to Rs 5.94 crore in FY24 and Rs 9.97 crore in FY25.
Sellowrap Industries is heavily dependent on the performance of the automobile sector, both in India and internationally, as a significant portion of its revenue comes from this industry. Any disruption in the automobile market could negatively impact the company’s business, financial health, and operations.
The top 10 customers accounted for Rs 121.09 crore (74.54 percent) of the company’s gross sales in FY25, Rs 109.31 crore (79.20 percent) in FY24, and Rs 108.49 crore (82.34 percent) in FY23. Furthermore, the top customer alone accounted for Rs 32.64 crore (20.09 percent) of the company’s gross sales in FY25, Rs 25.69 crore (18.61 percent) in FY24, and Rs 25.35 crore (19.24 percent) in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can hurt the company’s business and financial standing.
As of FY25, the company had trade receivables of Rs 30.06 crore, a sharp increase from Rs 21.66 crore in FY24 and Rs 23.36 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
A significant portion of the company’s revenue is derived from four states - Haryana, Karnataka, Maharashtra, and Tamil Nadu. They accounted for Rs 138.13 crore (87.76 percent) of the company’s revenue in FY25, Rs 116.16 crore (85.54 percent) in FY24, and Rs 112.53 crore (85.82 percent) in FY23. Furthermore, Tamil Nadu alone accounted for Rs 66.21 crore (42.07 percent) of the company’s revenue in FY25, Rs 55.14 crore (40.61 percent) in FY24, and Rs 62.03 crore (47.30 percent) in FY23. Any adverse political, social, or economic developments in these regions could harm the company’s business, results of operations, and financial condition.
The company reported negative cash flow from investing activities amounting to Rs 28.32 crore in FY25, Rs 9.37 crore in FY24, and Rs 6.09 crore in FY23. Additionally, negative cash flow from financial activities amounted to Rs 1.59 crore in FY24. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
Sellowrap Industries relies heavily on the availability of key raw materials, such as plastic granules, sealant, and tape, which are critical for manufacturing various products like screen sealing parts and polyurethane foam moulding. Any delays, shortages, or quality issues in raw material supply could significantly disrupt production schedules, impact financial performance, and hinder the company’s ability to meet customer demand.
The company, its promoters, directors, and group companies are involved in certain ongoing legal proceedings, including criminal and tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company had outstanding financial indebtedness amounting to Rs 38.00 crore. Any failure to service or repay these loans could harm the company’s operations and financial position.
Sellowrap Industries Financials
*All values are in Rs. Cr
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Application Details of Sellowrap Industries IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹79 - 83 | ₹2 - 5 Lakh |
| High Networth Individual | ₹79 - 83 | ₹2 - 5 Lakh |
For Sellowrap Industries IPO, eligible investors can apply as Regular.