Sellowrap Industries Limited IPO

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Sellowrap Industries Limited, headquartered in Mumbai, specializes in customized components for the automotive, non-automotive, and white goods industries, operating in the B2B sector. Founded in 1983 by Mr. Sushil Kumar Poddar, the company initially started as a proprietorship and later became a partnership in 1992. In 2004, it incorporated as Sellowrap Manufacturing Private Limited, later transitioning to a public limited company in 2024. Led by Mr. Sushil Kumar Poddar and his son Mr. Saurabh Poddar, the company has over 50 years of combined industry experience.

Manufacturing Facilities

Sellowrap Industries operates manufacturing units in Gurugram, Ranipet, Kancheepuram, and Pune, with a total production area of approximately 5 acres. The facilities are equipped with the latest technology and are supported by centralized R&D centers and warehouses, ensuring consistent product quality and innovation.

Product Range

Sellowrap Industries offers a wide range of products, including:

1. Plastic Injection Moulding Parts: For interior and exterior automotive applications.
2. PU-Foam-Moulding: Used for cushioning, insulation, and NVH management.
3. Foam / Label & Stickers Products: Designed for sealing, insulation, and branding.
4. Screen Sealing Parts: For windows and door assemblies in automotive and industrial applications.
5. EPP Moulding: Provides lightweight and durable components used in automotive interiors and other industries.

Market Presence and Customer Base

Sellowrap has made significant inroads into 15 states across India, with the highest revenue generated from Haryana, Karnataka, Maharashtra, and Tamil Nadu. The company serves a broad customer base across industries, including automotive OEMs and tier-1 suppliers.

Growth Strategy

With a strong foundation in plastic injection moulding and PU-foam moulding, Sellowrap Industries is poised for further expansion in both domestic and international markets, continuously innovating and enhancing its product offerings to meet the evolving needs of the automotive and non-automotive sectors.

Competitive Advantages

i) Strategic Position: A key player in automotive components manufacturing.
ii) High-Quality Standards: Industry certifications and strong focus on R&D.
iii) Operational Efficiency: Cutting-edge technology and skilled workforce.
iv) Brand Recognition: Well-established reputation among major OEMs.

Sellowrap Industries Limited continues to evolve as a leading supplier in its sector, driven by innovation, operational excellence, and a commitment to customer satisfaction.

Objects of the Sellowrap Industries Limited IPO:

Company intends to utilize the Net Fresh Offer Proceeds for the following Objects: a) Capital Expenditure towards Purchase of Plant & Machinery, Infrastructure Development and Other Auxiliary Equipment’s (₹12.39 crore) b) Funding the Working Capital Requirements of the Company (₹10 crore) c) General Corporate Purposes
DRHP of Sellowrap Industries Limited IPO
RHP of Sellowrap Industries Limited IPO

Sellowrap Industries Limited IPO Details:

Open Date: Jul 25 2025
Close Date: Jul 29 2025
Total Shares: 36,48,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 30.28 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 79-83 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Mr. Saurabh Poddar (51) is the Promoter and Managing Director of Sellowrap Industries Limited. He was appointed as Executive Director in May 2005 and transitioned to Managing Director in May 2011, with his current term lasting until October 2029. With over 19 years of experience in the automotive industry, he oversees operations across multiple plants manufacturing cellular foam products, blow films, and moulded plastic components, serving domestic and international OEMs. 2. Mr. Sushil Kumar Poddar (78) is the Promoter, Chairman, and Executive Director. He co-founded M/s. Sellowrap Manufacturing Company in 1992 and later incorporated Sellowrap Manufacturing Private Limited in 2004. With over 32 years of experience, he plays a key role in daily management, strategic decision-making, and optimizing production processes, driving the company's growth and success. He transitioned to Chairman in October 2024. 3. Mr. Sarabjit Singh Mokha (56) is the Executive Director, appointed in October 2024. He has been with the company since 2009, leading commercial and business development. With a background in arts, electronic engineering, and export management, he has over 15 years of experience shaping the company's strategic direction, expanding market reach, and leading sales and engineering teams to drive growth.

Financials of Sellowrap Industries Limited IPO:

Particulars FY 2024-25 FY 2023-24 FY 2022-23
Revenue from Operations 162.45 138.02 131.76
EBITDA 22.32 14.72 8.81
EBITDA Margins 13.74% 10.67% 6.69%
PAT 9.97 5.94 2.85
PAT Margins 6.14% 4.31% 2.17%
ROCE 18.86% 14.21% 8.14%
Debt to Equity Ratio 0.81 0.96 1.11
Operating Cash Flows 21.36 10.89 1.99

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
SELLOWRAP INDUSTRIES LIMITED 162.45 13.74% 6.14% 18.86% 0.81 114.07 11.4
Machino Plastics Limited 389 8% 2.20% 11.80% 2.83 160 18.8
PPAP Automotive Limited 554 10.00% 1.26% 5.57% 0.61 327 46.8

Lead Manager of Sellowrap Industries Limited IPO:

  1. Gretex Corporate Services Private Limited

Registrar of Sellowrap Industries Limited IPO:

  1. Purva Sharegistry India Private Limited

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