About Sellowrap Industries Limited

Sellowrap Industries: A Trusted Auto Components Manufacturer with Global Reach

Established in 1983, Sellowrap Industries Limited is a reputed manufacturer catering to the automotive and white goods industries, offering both adhesive and non-adhesive components with a strong focus on quality, cost-efficiency, and customer-centric value.

The company’s diversified product range includes:

• Plastic Injection Moulded Parts (Interior & Exterior)

• PU-Foam Mouldings

• Foam, Labels & Stickers

• Screen Sealing Parts

• EPP Mouldings

Sellowrap operates four well-equipped manufacturing units located in Gurugram, Ranipet, Kancheepuram, and Pune, backed by centralized R&D facilities and warehouses to ensure production consistency and adherence to international quality standards.

The company serves clients across 15 Indian states, including key industrial hubs like Maharashtra, Tamil Nadu, Gujarat, and Karnataka. On the international front, it exports to leading global markets such as Brazil, China, Germany, Poland, and the UK.

As of January 31, 2025, the company employs 159 full-time staff and engages 549 contractual workers, reflecting its growing operational scale and manufacturing intensity.

Who are the Promoters of Sellowrap Industries IPO?

The promoters of the Company are Mr. Saurabh Poddar, Mr. Sushil Kumar Poddar, Ms. Pooja Poddar, M/s. Saurabh Marketing Private Limited & Sushil Kumar Poddar (HUF). The promoters hold 92.02 % of the pre-IPO capital

What are the Objects of Sellowrap Industries IPO?

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects

+Capital Expenditure towards purchase of Plant & Machinery, Infrastructure Development and Other Auxiliary Equipments Rs. 12.40 Cr.
+Funding the Working Capital Requirements of the Company Rs. 10.00 Cr.
+General Corporate Purposes

Sellowrap Industries IPO IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Sellowrap Industries IPO Review by Paresh Gordhandas, CA & Research Analyst.

🔍Chanakya’s Review – Sellowrap Industries Limited IPO

Established in 1983, Sellowrap Industries Limited is a well-established player in the automotive and white goods components space, offering a wide range of adhesive and non-adhesive products with a focus on quality, cost efficiency, and value delivery.

The company’s product portfolio includes:

• Plastic Injection Moulded Parts (Interior & Exterior)

• PU-Foam Mouldings

• Foam, Labels & Stickers

• Screen Sealing Parts

• EPP Mouldings

With four modern manufacturing units strategically located in Gurugram, Ranipet, Kancheepuram, and Pune, the company benefits from a robust infrastructure backed by centralized R&D and warehousing. This setup ensures consistent product quality and supports scalable operations.

On the financial front, Sellowrap Industries has demonstrated steady growth in revenue and profitability. Importantly, the company maintains healthy working capital discipline—there are no abnormal spikes in trade receivables or inventory levels, indicating operational efficiency.

The net public issue, excluding the market maker’s share, stands at ₹28.76 crore. Based on the retail quota, just 379 applications are enough for full subscription, which reflects a low threshold and makes it attractive from an oversubscription standpoint.

At the upper price band of Rs.83, the issue is valued at a P/E multiple of 8.40, which appears reasonable considering the company’s track record and sectoral positioning. There is a fair likelihood of listing gains, especially if market sentiment remains supportive.

Our View: The issue is attractively priced with strong fundamentals, stable growth, and efficient operations. Long-term investors and SME IPO participants may consider subscribing.

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Chanakya’s Take: May Apply 

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Sellowrap Industries IPO GMP

 
Sellowrap Industries IPO review