Sellowrap Industries Ltd - IPO

Sellowrap Industries Ltd IPO Details

Initial public offer of upto 36,48,000 equity shares of face value of Rs. 10.00 each (Equity Shares) of Sellowrap Industries Limited (the Company or the Issuer) for cash at a price of Rs. 83 per equity share including a share premium of Rs. 73 per equity share (the Offer Price) aggregating to Rs. 30.28 crores (the Issue). The offer includes a reservation of upto 1,82,400 equity shares aggregating to Rs. 1.51 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of upto 34,65,600 equity shares aggregating to Rs. 28.77 crores (the Net Issue).

Objective of issue

Capital expenditure towards purchase of plant and machinery, infrastructure development and other auxiliary equipments. Funding the working capital requirements of the company. General corporate purposes.

Sellowrap Industries Ltd Contact Details

Sellowrap Industries Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 022- 23016761 / 23018261

Fax - 91-22-23012517

Email - contact@sellowrap.com

Website - www.sellowrap.com