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SEL Manufacturing Company Ltd IPO (SEL IPO) Detail

Jul 26, 2007 - Jul 31, 2007        
  
   

SEL Manufacturing Company Limited (part of R. S. Saluja Group) is a Ludhiana based textile company involve in manufacturing and exporting cotton yarn, combed yarn, knitted fabrics and knitted garments. SEL's production facilities are located in Ludhiana in Punjab and Baddi in Himachal Pradesh.

SEL's products include T-shirts, Polo shirt, Sweat shirt, Boxer shorts, Girls top etc which they make in bulk quantities. SEL make 30-35 thousand garments daily. SEL's majority garments are exported to Russia and U.A.E.

For FY 2006, SEL's net revenues and PAT were Rs. 11,849.89 lacs and Rs. 1,488.87 lacs respectively as compared to net revenues and PAT, of Rs. 5,974.43 lacs and 3,14.51 lacs respectively for FY 2005. SEL's consolidated net revenues and PAT for FY 2006 were at Rs.14, 251.24 lacs and Rs.1, 361.70 lacs respectively.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. To part fund the expansion project;
2. To meet the working capital requirements.

Issue Detail:

  »»  Issue Open: Jul 26, 2007 - Jul 31, 2007
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 4,138,410 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 37.25 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 80 - Rs. 90 Per Equity Share
  »»  Market Lot: 75 Shares
  »»  Minimum Order Quantity: 75 Shares
  »»  Listing At: BSE, NSE

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
Shares Offered / Reserved
 Day 1 - Jul 26, 2007 17:00 IST 1.7906 1.9816 0.0029 0.1250 1.1400 
 Day 2 - Jul 27, 2007 17:00 IST 1.7906 2.0491 0.0140 0.6314 1.1800 
 Day 3 - Jul 30, 2007 17:00 IST 1.7906 2.0209 0.0478 0.9863 1.2000 
 Day 4 - Jul 31, 2007 17:00 IST 4.0951 3.1229 3.5539 0.9863 3.6200 

SEL IPO News Alerts

  1. Friday, August 17, 2007 8:17:00 AM
    SEL Manufacturing Company Limited IPO Listing Date & Info
  2. Tuesday, August 14, 2007 8:40:00 AM
    SEL Manufacturing Company Ltd IPO Allotment Status
  3. Wednesday, July 25, 2007 8:47:00 AM
    SEL Manufacturing Company Ltd IPO Opening on July 26

SEL IPO Rating

   Rating: 3.5
96
3.5
Rating:Rated 3.5 stars

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SEL IPO Listing Date

Listing Date:Tuesday, August 21, 2007
BSE Scrip Code:532886
NSE Symbol:SELMCL
Listing In:B1 Group
Sector:Textile - Spinning
ISIN:INE105I01012
Issue Price:Rs. 90.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 90.00
Open:Rs. 87.90
Low:Rs. 80.00
High:Rs. 157.50
Last Trade:Rs. 142.80
Volume:26,924,299
NSE
Rs. 90.00
Rs. 95.00
Rs. 87.25
Rs. 173.00
Rs. 144.75
25,376,464

SEL IPO Prospectus

Company Contact Information

Registered Office :
    SEL Manufacturing Company Limited,
    706, Industrial Area A,
    Ludhiana 141 010, Punjab India.
Phone: +91 161 5033 003
Fax: +91 161 5033 005
Email: ipo@rssalujagroup.com
Website: http://www.salujafabrics.com/

SEL IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: selipo@intimespectrum.com
Website: http://www.linkintime.co.in

SEL IPO Lead Manager(s)


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SEL IPO Messages (SEL IPO Comments)

  Post New Message ...  

39. Vijayalakshmanan  Oct 9, 2007 11:25:58 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Vijayalakshmanan's - IPO Comments

Hello Friend,

I did not get refund for the belwo application number, Can any one help me out for this ?! thanks in advance.


Company Name: SEL Manufacturing Company Limited
Application No: 12101016
Refund Order No.: 102242
Amount: 13320

 

38. Parag  Sep 3, 2007 11:27:47 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Parag's - IPO Comments

The swings clearly tell that SEL is a pure operator play. Fundamentally, there is nothing for investors in this co.

 

37. suma  Aug 25, 2007 8:10:58 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
suma's - IPO Comments

139 bulk deal doesnot make good. they are are al daily sqauaree off tradings. So be careful. If you are trader they buy with stop loss. I think not suitable for retail investors. This may be another ATLANTA.

 

36. gita  Aug 24, 2007 12:45:52 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gita's - IPO Comments

Now another sel manufacturing is ASIAN GRANITO buy it today and see the magic it will go to 300

 

35. Raj  Aug 23, 2007 6:42:30 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Raj's - IPO Comments

some of the Operators have interested in this co. will touch Rs. 600 remember 600 buy as many as you can
the message is issued for public interest i dont have nay holiding in this co.

 

34. Vikram  Aug 22, 2007 10:37:58 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Vikram's - IPO Comments

139 bulk deals trade on SEL Manufacturing
2007-08-22 09:28:22 Source : Moneycontrol.com

SEL Manufacturing Company started the day on weak note at Rs 87.90 on the BSE, with discount to its issue price of Rs 90 and also touched a low of Rs 80 on the back of selling pressure in the beginning trade. But management outlook for FY08 and FY09, which are above market expectations, has given strong support to the stock and due to that it surged 92% during intraday trade at Rs 173.

The stock has ended at Rs 164, up 82.22%, with volumes of 2,53,76,464 shares on the NSE. The turnover was at Rs 315.25 crore.

The stock has witnessed 139 bulk deals on the listing day, including 30 on the BSE and 109 on the NSE. Majority of these deals have traded above Rs 120 levels.

 

33. Kanhaiya  Aug 21, 2007 7:39:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Kanhaiya's - IPO Comments

:(
so sad, Got 103 shares and sold them in ONLY 113...v v bad day for me...it went till 173 later..

anyway, got a good profit, I was thnking that it will give me some loss..

Got the refund pay order via post. they didnt credited money thru ECS.

 

32. Gapoo  Aug 21, 2007 1:25:43 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Gapoo's - IPO Comments

hai all i wish to share something, on the advice of my broker and mr. bond i have applied sel manufacturing issue and made fortune because everybody got his share in good quantity and issue is hit. its a slap on everybody who says that this is a (ruddy) including tanushree and everybody says that it will quote in huge discount, thanks and hats off to mr. bond for timely advice

 

31. Divakar  Aug 21, 2007 8:48:40 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Divakar's - IPO Comments

Hi, HAs anybody recived refund for SEL. I had applied through ICICI direct and have an account in bangalore - refund was supposed to be by ECS ???...

 

30. tanushri  Aug 20, 2007 9:17:24 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
tanushri's - IPO Comments

this is "SELL" company. Textile not a good sector to be in.

 

29. Pankaj  Aug 20, 2007 7:50:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Pankaj's - IPO Comments

anyone get the refund of SEL manufacturing. I have applied through ICICIdirect. please give me the status of that.....

 

28. Pankaj Patel  Aug 20, 2007 4:18:07 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Pankaj Patel's - IPO Comments

anyone get the refund of SEL manufacturing. I have applied through ICICIdirect. please give me the status of that.....

 

27. raj  Aug 18, 2007 11:56:26 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
raj's - IPO Comments

good luck to all allotees as the share is going to list on tuesday when Subprime Monster will be delt with
Monday our market willopen with biiiiig gap but tues day's fortune will depend on US market, Any way now atlest it will be able to list at par

 

26. kanhaiya  Aug 14, 2007 8:11:06 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
kanhaiya's - IPO Comments

allottment is out...applied 300 got 103 @ 90 rupees per share

 

25. ashu  Aug 7, 2007 6:59:53 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ashu's - IPO Comments

almost everyone would get the allotment and premium should be 10 rs.don't expece bumber listing. book profit on listing

 

24. tanushri  Aug 3, 2007 9:29:16 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
tanushri's - IPO Comments

good luck raj for your wish

 

23. raj  Aug 1, 2007 7:17:46 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
raj's - IPO Comments

guys sel is the best bet,in long term it cn go to 500 level.it will list at 150

 

22. Parag  Jul 31, 2007 3:58:35 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Parag's - IPO Comments

If SEL lists at Rs. 100/-, UTI Bank's subsidiary will make 54% profit (Rs. 35/-), while the second party will make 33% profit (on Rs. 75), while you stand to gain just 11%. So, their investment can be justified, not yours.

Given the market scenario, and textile sector's performance, this should not command a premium of more than Rs. 10/- (provided this does not list at discount).

Remember, the promoters have taken a HUGE bonus (28:1 !!!!!). They are out to milk the market.
Save your money for better options.

 

21. ashu  Jul 31, 2007 2:18:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ashu's - IPO Comments

pinky you will get good profit. its a worth to apply sel IPO

 

20. PARAG  Jul 31, 2007 10:41:53 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
PARAG's - IPO Comments

This share can be taken on IPO merely for the trading porspoective, should sell as soon as it lists. Surely go up to 115 on listing date. Good opportunity for traders.

 

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