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SEL Manufacturing Company Ltd IPO (SEL IPO) Detail

July 26, 2007 - July 31, 2007

SEL IPO is a book built issue of Rs 37.25 crores.

SEL IPO bidding started from July 26, 2007 and ended on July 31, 2007. The shares got listed on BSE, NSE on August 21, 2007.

SEL IPO price band is set at ₹80 to ₹90 per share. The minimum lot size for an application is 75 Shares. The minimum amount of investment required by retail investors is ₹6,750.

Uti Securities Ltd is the book running lead manager of the SEL IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to SEL IPO RHP for detailed information.

SEL IPO Details

IPO Date July 26, 2007 to July 31, 2007
Listing Date August 21, 2007
Face Value ₹10 per share
Price Band ₹80 to ₹90 per share
Lot Size 75 Shares
Total Issue Size4,138,410 shares
(aggregating up to ₹37.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

SEL IPO Lot Size

Investors can bid for a minimum of 75 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 75 ₹6,750
Retail (Max) 29 2175 ₹195,750
Lot Size Calculator

About SEL Manufacturing Company Ltd

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 (SEL IPO Objectives)

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.

SEL IPO Subscription Status (Bidding Detail)

The SEL IPO is subscribed 3.62 times on July 31, 2007 5:00:00 PM. The public issue subscribed 3.55 times in the retail category, 4.10 times in the QIB category, and 3.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

SEL IPO Prospectus

SEL IPO Rating

Rating:Rated 3.5 stars
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SEL IPO Listing Details

Listing Date August 21, 2007
BSE Script Code 532886
ISIN INE105I01012
Final Issue Price ₹90 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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SEL Manufacturing Company Ltd Contact Details

SEL Manufacturing Company Ltd
SEL Manufacturing Company Limited,
706, Industrial Area A,
Ludhiana 141 010, Punjab India.
Phone: +91 161 5033 003

SEL IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

SEL IPO - Buy or Not

SEL IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 1
Members 0 0 0

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SEL IPO is a main-board IPO of 4,138,410 equity shares of the face value of ₹10 aggregating up to ₹37.25 Crores. The issue is priced at ₹80 to ₹90 per share. The minimum order quantity is 75 Shares.

The IPO opens on July 26, 2007, and closes on July 31, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The SEL IPO opens on July 26, 2007 and closes on July 31, 2007.

SEL IPO lot size is 75 Shares, and the minimum amount required is ₹6,750.

You can apply in SEL IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SEL IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SEL IPO allotment status.

The SEL IPO listing date is on August 21, 2007.
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39. Vijayalakshmanan |   Link |  Bookmark |October 9, 2007 11:25:58 PM
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 |   Link |  Bookmark |September 3, 2007 11:27:47 AM
The swings clearly tell that SEL is a pure operator play. Fundamentally, there is nothing for investors in this co.
37. suma |   Link |  Bookmark |August 25, 2007 8:10:58 PM
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 |   Link |  Bookmark |August 24, 2007 12:45:52 PM
Now another sel manufacturing is ASIAN GRANITO buy it today and see the magic it will go to 300
35. Raj |   Link |  Bookmark |August 23, 2007 6:42:30 PM
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 |   Link |  Bookmark |August 22, 2007 10:37:58 AM
139 bulk deals trade on SEL Manufacturing
2007-08-22 09:28:22 Source :

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 |   Link |  Bookmark |August 21, 2007 7:39:05 PM
so sad, Got 103 shares and sold them in ONLY 113...v v bad day for 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 |   Link |  Bookmark |August 21, 2007 1:25:43 PM
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 |   Link |  Bookmark |August 21, 2007 8:48:40 AM
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 |   Link |  Bookmark |August 20, 2007 9:17:24 PM
this is "SELL" company. Textile not a good sector to be in.
29. Pankaj |   Link |  Bookmark |August 20, 2007 7:50:36 PM
anyone get the refund of SEL manufacturing. I have applied through ICICIdirect. please give me the status of that.....
28. Pankaj Patel |   Link |  Bookmark |August 20, 2007 4:18:07 PM
anyone get the refund of SEL manufacturing. I have applied through ICICIdirect. please give me the status of that.....
27. raj |   Link |  Bookmark |August 18, 2007 11:56:26 AM
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 |   Link |  Bookmark |August 14, 2007 8:11:06 PM
allottment is out...applied 300 got 103 @ 90 rupees per share
25. ashu |   Link |  Bookmark |August 7, 2007 6:59:53 PM
almost everyone would get the allotment and premium should be 10 rs.don't expece bumber listing. book profit on listing
24. tanushri |   Link |  Bookmark |August 3, 2007 9:29:16 PM
good luck raj for your wish
23. raj |   Link |  Bookmark |August 1, 2007 7:17:46 PM
guys sel is the best bet,in long term it cn go to 500 will list at 150
22. Parag |   Link |  Bookmark |July 31, 2007 3:58:35 PM
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 |   Link |  Bookmark |July 31, 2007 2:18:20 PM
pinky you will get good profit. its a worth to apply sel IPO
20. PARAG |   Link |  Bookmark |July 31, 2007 10:41:53 AM
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.