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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.

SEL IPO Details

IPO Opening Date Jul 26, 2007
IPO Closing Date Jul 31, 2007
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹80 to ₹90 per equity share
Market Lot 75 Shares
Min Order Quantity 75 Shares
Listing At BSE, NSE
Issue Size4,138,410 Eq Shares of ₹10
(aggregating up to ₹37.25 Cr)

SEL IPO Lot Size

The SEL IPO market lot size is 75 shares. A retail-individual investor can apply for up to 29 lots (2175 shares or ₹195,750).

Application Lots Shares Amount (Cut-off)
Minimum 1 75 ₹6,750
Maximum 29 2175 ₹195,750

SEL IPO Subscription Status (Bidding Detail)

The SEL IPO is subscribed 3.62 times on Jul 31, 2007 17:00. The public issue subscribed 3.55 in the retail category, 4.10 in the QIB category, and 3.12 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

SEL IPO Prospectus

SEL IPO Rating

96
3.5
Rating:Rated 3.5 stars
Vote Here ...

SEL IPO Listing Date

Listing Date Tuesday, August 21, 2007
BSE Script Code 532886
NSE Symbol SELMCL
Listing In B1 Group of Securities
ISIN INE105I01012
IPO Price ₹90 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹90.00
₹87.90
₹80.00
₹157.50
₹142.80
NSE
₹90.00
₹95.00
₹87.25
₹173.00
₹144.75

Company Contact Information

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

SEL IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: selipo@intimespectrum.com
Website: http://www.linkintime.co.in

SEL IPO Reviews / Ratings

  • Business Line - Avoid
  • S P Tulsian - Apply

SEL IPO FAQs

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 equity share. The minimum order quantity is 75 Shares.

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

SEL IPO lot size is 75 Shares and the minimum order quantity is 75 Shares.

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, Edelweiss, 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 Tuesday, August 21, 2007.

SEL IPO Message Board

Ranked Members  Ranked Members

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39. Vijayalakshmanan |Oct 9, 2007 22:25
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 10:27
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 19:10
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 11:45
Now another sel manufacturing is ASIAN GRANITO buy it today and see the magic it will go to 300
35. Raj |Aug 23, 2007 17:42
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 09:37
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 18:39
:(
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 12:25
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 07:48
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 20:17
this is "SELL" company. Textile not a good sector to be in.
29. Pankaj |Aug 20, 2007 18:50
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 15:18
anyone get the refund of SEL manufacturing. I have applied through ICICIdirect. please give me the status of that.....
27. raj |Aug 18, 2007 10:56
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 19:11
allottment is out...applied 300 got 103 @ 90 rupees per share
25. ashu |Aug 7, 2007 17:59
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 20:29
good luck raj for your wish
23. raj |Aug 1, 2007 18:17
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 14:58
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 13:18
pinky you will get good profit. its a worth to apply sel IPO
20. PARAG |Jul 31, 2007 09:41
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.